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BAGGETTA & cO

Day: July 1, 2020

Baggetta & Co understand that the world of Accounting and Finance can be a tricky place to navigate. So we have created a blog to help educate and update YOU on whats happening in the world of Accounting and Finance.

How to budget for your social life in retirement

If you’re in or approaching retirement, you may be prioritising things such as living costs, utility bills, health care and even potentially helping the kids out with their future…

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Don’t let overspending be your undoing

Do you struggle to control your spending around your friends and family? If the urge to ‘keep up’ with a certain lifestyle is stretching your finances, it could be time…

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Superannuation 101: Your guide to a happy retirement

Superannuation is a handy way of saving for retirement, so that you’ll have an income to live on once you’re no longer working. Your employer must pay a portion of…

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Putting your own needs first

It’s a win-win idea. A parent sells their home to move in with their adult child’s family, providing cash for the deposit or renovations and helping with the mortgage and…

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Some ways to use your tax refund for a stronger financial future

Whether you breeze through tax time or dread the extra admin, receiving a tax refund makes the effort worthwhile. For many of us, getting a financial boost will be even…

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How is your credit score affected by COVID-19?

If you’re one of the many Australians financially impacted by COVID-19, who have deferred $218 billion worth of payments this year – fear not. Your credit score is unlikely to…

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Financial counsellor or financial planner: What’s the difference?

Ok we get it, knowing where to turn to for financial advice can be confusing sometimes! Financial planners and financial counsellors are both types of financial experts, so which one…

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Five ways to help prepare your finances for a recession

If you think storms may lie ahead, it makes sense to prepare your craft for choppy waters. With Australia facing continued economic uncertainty, it may be time to take stock…

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Term deposit vs savings account

Putting your money into a savings account, or in the alternative, a term deposit, are two common methods of saving. Working out whether either of these options are right for…

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Give yourself a new financial year check-up

Financial year 2019-20 is now behind us and there’s nothing like closing a chapter to inspire thoughts of a fresh start. But global challenges persist: Australia is officially in a…

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Why financial wellbeing is a pillar of good health

When we talk about financial wellbeing, what do we mean? More than just earning an income, financial wellbeing is about having financial security and the freedom to make choices. There…

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Five common financial mistakes to avoid during a crisis

The economic impact of the COVID-19 pandemic is playing havoc with finances for many households. In an ideal world, the financial boost should be enough and assumes that everyone was…

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Working From Home during Covid-19

With the explosion in numbers of people now working from home due to COVID-19, the ATO has changed the tax deduction for work related expenses significantly. But what do these…

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Should you give your teenager a credit card?

We live in a culture of smartphones, WIFI, home delivery, online shopping and online gaming, where most needs and wants can be met almost instantly. With so much temptation to spend, it’s important to teach children sound money management skills. But where do credit cards come in, and should your teenager have one?

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Early access not so super for women

The Australian Government’s early access to superannuation scheme has allowed many people financially affected by COVID-19 to dip into their superannuation savings. However, it may not be a wise course of action over the long term, particularly for women who often have lower superannuation savings than men. Here we explain why.

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