Solace Wealth Management | Consulting agency

Solace Wealth Management

Phone: +61 423 313 486

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23.01.2022 Starting and sticking to a savings plan is something you’ll never regret! We are always here to help you out if you are struggling to stick to your goal.

12.01.2022 Now that Christmas is over and 2021 has begun, has nailing your budget been on your mind? Check out our latest blog for our Top Five Financial Resolutions worth considering. https://www.solacewealth.com.au//our-top-5-financial-new-y

10.01.2022 Have you ever thought of opening a bank account that you automatically transfer $1 a day! It's a great savings tool that is incredibly easy to do for your children or your retirement fun money. Think about their 18th or 21st birthday present. By 18 they could have around $6578 or 21 could be $7670

08.01.2022 How lucky are we to live in such a beautiful place! #sunshinecoast #noosa pic by @shotsbytaylo

07.01.2022 On Monday the JobKeeper subsidy was reduced. Eligible businesses will receive $1,000 per fortnight for each employee working at least 20 hours per week. Other employees will receive a payment of $650 per fortnight. The ATO has extended JobKeeper deadlines for the second phase of the extension to account for Christmas and the New Year. So this means when the time comes for businesses to make their monthly declaration in December, the ATO will continue to process reimbursement...s for payments made between 23 November 2020 and 3 January 2021 to 28 January. This is past the usual due date of the 14th of the month. NEW PAYMENT RATES 28 September 2020 to 3 January 2021 Worked 20 hours or more: $1,200 per fortnight Worked under 20 hours: $750 per fortnight 4 January 2021 to 28 March 2021 Worked 20 hours or more: $1,000 per fortnight Worked under 20 hours: $650 per fortnight For more information on the new payment rate, visit the ATO's website

02.01.2022 If you’ve had trouble sticking to your budget in the past, consider ditching the traditional budgeting method and create a spending plan instead. Sometimes the concept of living on a spending plan instead of a budget can give you the feeling of a little more freedom and peace of mind. A spending plan allows you to choose what you spend your money on instead of restricting yourself on what you can’t spend. ... Start by determining your monthly fixed income and then decide what spending categories are most important to you. The most important category bucket is necessities - likely including semi-fixed expenses such as rent, utilities, groceries and funding your savings accounts. After you’ve identified how much you will need for those expenses, you can create other spending buckets, such as a fun bucket, that the remaining funds can go toward. The end result is the same as budgeting, minus the restrictive rules making it a good strategy for those who don’t like being told what they cannot do.