Blog

April 18, 2019
Financial tips for single parents

Making ends meet can be difficult enough for two-parent families, but for single-parent families it can be even harder. With a few small steps you can be on the path to financial security.

April 18, 2019
Balancing Life, Work and Money

Work-life balance. It’s something everyone seeks but achieving it can seem an impossible task.

April 18, 2019
Single Touch Payroll is coming – are you prepared?

Join BCV Financial Solutions as we inform you of all you need to know about Single Touch Payroll (STP) and how it will impact your business.

April 18, 2019
Important tax planning strategies for 2019

Understanding what the potential tax liability will be for your business and allowing time for tax planning can save you thousands of dollars. At the very least, it will assist you in the preparation of your budgets and cash flow projections for the coming financial year.

April 4, 2019
2019 Federal Budget released

The 2019 Federal Budget was released on the 2nd of April 2019. Take a closer look at the article here.

April 4, 2019
A guide to home loan paper work

We have put together a guide for the paperwork needed for a home loan approval.

April 3, 2019
Home loans - fixed vs variable, which is better?

Home loans - fixed or variable which is better? We take a closer look.

April 1, 2019
A reminder to update beneficiary nominations for your super

Updating your nomination of beneficiary for your superannuation fund may not be high on your priority list. But it should be.

March 28, 2019
How to protect your credit rating

If you think that being only a few days late making a payment on a loan doesn’t matter, think again. Even the smallest lapse could potentially affect your credit worthiness. Read the full article here.

March 12, 2019
What will the upcoming election mean for taxation and superannuation?

With a federal election looming, some predicting as soon as May, it’s timely to consider some of the legislative changes being considered by the major parties that may impact on taxation of individuals and small businesses.

March 12, 2019
Where are interest rates headed?

Where are interest rates headed? And where to from here?

March 12, 2019
Do you know your financial goals?

How well do you know your financial goals? Take the test now.

February 25, 2019
5 common financial mistakes people make in their 40's

We take a look at five of the most common financial mistakes people make when they’re aged in their 40's.

February 18, 2019
Financial pearls of wisdom

As we approach retirement some people start to panic a little wondering if they are truly looking forward to the time of their life when they no longer have to work. Instead of worrying, have a read of the following tips.

February 11, 2019
Good records save small businesses

Aside from the legal reasons, there are many financial reasons for making sure your books are in order.

February 8, 2019
The Banking Royal Commission and Mortgage Brokers – what’s it all mean?

No doubt you’ll have seen some media in the last few days regarding the recommendations arising from the Royal Commission into the Financial Services industry. But what does it actually all mean?

February 6, 2019
Life can change in an instant

We take a look at the long-term after effects of underinsurance. It not only details the financial consequences but the impacts on the health and social welfare of those left behind when the key breadwinner dies.

February 4, 2019
Everything you wanted to know about buying a home

Ready to make the leap from renting to buying a home? Well, before you begin the search for your perfect home there are lots of questions to ask yourself. Here are some of the big ones.

February 1, 2019
How debt consolidation can transform your finances

Credit cards are now a major source of personal financial debt in Australia. A recent report issued by ASIC indicated that one in six Australians are struggling under a mountain of debt that might never be repaid.

January 31, 2019
10 common financial mistakes before retirement

Many of us would like to think that ‘older’ means ‘wiser’, but when it comes to money that isn’t always the case. We highlight 10 common mistakes people make as they get closer to retirement.

January 28, 2019
Make this year a financially healthy one

Another year is over - how was it for you? Did you achieve everything you’d hoped? We’ve put together a short guide to get you started and plan for the year ahead, a quarter at a time.

January 25, 2019
The 9 golden rules of investing

Take a look at our 9 basic tips for all investors.

January 19, 2019
Why more investors are opting for brokers.

A recent survey conducted on Australian property investors revealed that they are increasingly turning to mortgage brokers for lending, with 75% of investors stating that they had used a broker, and 83% of investors intend to use a broker when seeking their next loan.

January 17, 2019
What is a Child Maintenance Trust?

When relationships break down, child maintenance payments are often made from post-tax money. If this is a position you are facing, perhaps you might be interested in learning about a Child Maintenance Trust.

January 14, 2019
The business of farming

There is a need for Australian primary producers to view their farm as a business, where strategic planning and professional support play crucial parts in building a successful and sustainable business.

January 11, 2019
Wealth protection through the ages

Insurance plays an important role in any wealth creation and management strategy. There is little point in accumulating wealth if you don’t protect it, or yourself, from unforeseen risks that can undermine the best made plans.

January 10, 2019
Not ready to retire? This might be another option

If you’re close to reaching your preservation age you will soon have access to your superannuation. An increasing number of people at this stage are taking control of their finances and buying themselves a new later-life career.

December 27, 2018
Getting more out of income protection insurance

If you’re working and haven’t yet reached the point of financial independence then income protection insurance should be on your radar.

December 23, 2018
What is classed as a contribution to super?

We all want to retire with as much money as possible but there are limits on how much we can contribute into our superannuation funds and if we exceed them it can be painful.

December 20, 2018
Be different today so you can be different tomorrow

Every generation thinks life will be different – and of course, each one is right - but when it comes to planning for the future, while we’re young we have a habit of thinking there is still plenty of time.

December 17, 2018
The Multitasking Effect

The upsides and downsides of the phenomenon of multitasking and its potential effects on our minds.

December 17, 2018
Cheer today, debt tomorrow

We take a look at some of the habits of spending leading up to the “silly season” and strategies to overcome New Year debt.

December 14, 2018
When is a good time to retire?

We take a look at the 3 different options for funding "retirement" – age pension, non-super savings and superannuation.

December 10, 2018
“Tap and go” and then what?

It is commonly reported in the press that Australians are suffering under growing levels of personal debt. With the growing use of the easy “tap and go” technology it may look like it can only get worse.

December 7, 2018
When scammers come back for more!

Scams and the numbers of those falling victim to them are increasing. This article explains what to do if targeted and explains another threat – follow-up scams.

December 3, 2018
Protect yourself through superannuation

We take a look at the advantages of keeping insurance policies within superannuation.

November 30, 2018
4 good places to stash your cash

If there is a good chance you will receive a tax refund this year or by being thrifty you have accumulated some extra cash in your everyday account, try to contain the temptation to splurge or celebrate; instead make it work harder for you.

November 29, 2018
Reclaiming your money from the government

We’ve all heard about the “lost billions” sitting in idle superannuation funds around Australia but are you aware of what’s happening to hundreds of millions of dollars sitting in “inactive” bank accounts? Read on, you may be very surprised.

November 20, 2018
Christmas on credit

Christmas is a time of giving and receiving, but as we approach this most dangerous time of the year for credit cards we’d like to give you a quick refresher on the best ways to use your plastic so you don’t end up with a Christmas hangover of the financial kind.

November 16, 2018
Time to cool off

Have you ever awoken the morning after signing a contract for something and thought “Oh, no! What have I done?” Well, it may not be the end of the world. If the contract contains a cooling-off period, you probably have a way out of it.

November 15, 2018
How much money do you throw away?

Australians are literally throwing away coins rather than spending or saving them. This article highlights this issue and recommends some ideas to reduce wasting money; whether it is as coins or other expensive habits.

November 12, 2018
8 ways to help kids with their money

Attitudes and activities are changing much earlier than in previous generations, so, for the sake of their future well-being, it’s important to introduce your children to the intricacies of money management from an early age.

November 9, 2018
Good cash flow makes life easier

If you rely on your investments for income, an important aspect of managing your portfolio is cash flow. Correctly structured cash flow is critical, so let’s have a look at what you might need to think about.

November 8, 2018
Good records save small businesses

According to the Australian Taxation Office (ATO) many small businesses fail due to poor record-keeping. Aside from the legal reasons, there are many financial reasons for making sure your books are in order.

November 2, 2018
A place in-between

Not sure how to balance the transition between work and home life? Read the article below to find out more.

November 1, 2018
Veggie gardens are great for your wealth

Creating a vegetable garden is a boost for sustainability and is great for your taste buds and a healthier lifestyle

October 30, 2018
What to do if your job is made redundant

Being retrenched from your job can be hard to accept. It is the sudden shock that catches most people but try not to take it personally. Discussed in the article is what to do about mortgages, Centrelink entitlements, how best to deal with a redundancy payment.

October 26, 2018
What you perceive you believe

When it comes to choosing to invest in property and shares, many issues are the same. Read this short article for more information.

October 26, 2018
Baby Budgeting

Welcoming a new family member is exciting but with so many aspects of your life changing, when it comes to your finances some forward planning can make the transition so much easier.

October 23, 2018
Moving overseas? 3 key areas to address first

Moving overseas to work or retire? There are many areas you must address before you leave and some will need ongoing attention.

October 19, 2018
Making Christmas a time of joy for you

The stress involved in organising and preparing Christmas meals, buying gifts or arranging a Christmas party can have the opposite effect to what most of us would like to achieve at this time of year.

October 17, 2018
Working from home – is it better for your lifestyle?

The increase in home-based businesses has been monumental in the past decade with now almost one million Australians earning an income from home.

October 15, 2018
An important conversation

Older people tend to be very private around subjects like their finances, estate planning and aged care, etc. This article provides information around what you should be discussing with an elderly relative, and how to open a two-way conversation that puts everyone’s mind at rest.

October 8, 2018
Start saving with Christmas

As we approach Christmas, the season most celebrated with food and beverages, it’s a good time to take stock of just how much we spend, and subsequently waste, on food throughout the year.

October 8, 2018
Have a plan - just in case

It’s an old saying but it will be forever true – “the only constant in life is change”. Whether it’s due to economic downturns, new technology or extreme weather disasters; no business, job or career will ever stay the same.

October 7, 2018
Making your money work harder

Long-term savings plan, online savings accounts and fixed term deposits will not generate much growth. Managed funds, can have a higher potential to surpass cash and fixed term investments.

October 4, 2018
6 smart ways to build savings

Here are six simple tips to build up your savings.

September 26, 2018
A different way to help the grandkids

Many grandparents want to give their grandchildren a head start in life, either contributing towards their school fees or setting aside funds in an account. These are just some options, but there might be a better one.

September 24, 2018
Adult kids still at home?

Remember a time when kids couldn’t wait to leave home so they could have their own “pad”? Those days are definitely over with one and half million adult children now preferring to continue living with Mum and Dad well into their late twenties (and sometimes older!).

September 20, 2018
Save money while you travel

You don’t want to miss great opportunities while you’re away but then again you don’t want to face a mammoth credit card bill upon your return. Here are a few ideas to help make your dollar go further while abroad.

September 13, 2018
It’s never too early to start

When teaching your children to manage their money you are helping your kids grow into financially savvy adults. You might even learn something about your own money habits along the way.

September 3, 2018
5 simple ways to reduce your tax

Would you like to minimise the amount of tax you pay? Then check out these tips.

August 31, 2018
7 tips to protect your identity

We are constantly hearing reports about the rise of personal fraud in Australia, but have you ever looked at the figures?

August 27, 2018
4 ways to manage uni and money

Going to university should be a time of excitement, learning and independence. For too many students, money problems get in the way leaving them financially burdened for years to come. This article explores suggestions for planning and budgeting that can be the difference between getting by and getting ahead.

August 14, 2018
Design your own super adventure

Superannuation funds allow members a level of choice in relation to how the money is invested, which means it can be up to you to create what your retirement adventure might look like.

August 14, 2018
Take advantage of NOW!

Many young people in the X and Y Generations are earning excellent incomes but have little savings, excessive debt and consider the future too distant to be of concern.

August 7, 2018
3 ways to give your kids a head start

We explore how to give your kids a head start from a few different angles, depending on how you wish to help them.

August 7, 2018
Taking care of business

Owning a business has its distinct advantages. Choosing your work hours and being able to make decisions for your own future are just two, but this higher level of freedom takes a back seat when things go wrong… and as any business owner knows, things can and do go wrong just like in any other pursuit in life.

August 7, 2018
How to make friends with your credit card

The pictures are enticing: ocean blues and hibiscus pinks; white beaches; nightclubs. For twenty-somethings, tropical holidays are rites of passage few can resist; fewer still can afford them – even if we think we can.

July 13, 2018
Preparing for tomorrow

Imagine you were no longer able to look after your financial affairs, or, less dramatically, simply found it an increasing burden to manage your money. How easy would it be for a trusted family member to step in and help you?

July 13, 2018
Thinking about finances in your thirties

Whatever the goal, reaching age 30 is a turning point for many of us. Whilst it may mean life is getting more serious, by the time we’re in our 30's we’re keen to retain our individuality and remain determined to have fun. With a little planning you can make this new decade even more enjoyable.

July 13, 2018
Holidays without financial baggage

We all need something to look forward to and for many members of Generation X the lure of discount airfares and package deals are irresistible; others have luxury holidays high on the agenda.

July 13, 2018
Buy now; pay later; manage carefully

Before heading off on an overseas holiday, Sam decided to buy an expensive new camera to document his travels. The camera store offered a ‘buy now, pay later’ option, and attracted by the ‘no interest’ promise of the credit provider, Sam signed up.

July 6, 2018
What is responsible lending and why does it matter?

Whether it’s due to over-enthusiastic lenders or desperate borrowers, failure to adhere to robust lending standards can land some borrowers in serious financial distress. In many cases the difficulties experienced by these borrowers could have been avoided if the lenders had complied with their responsible lending obligations.

June 22, 2018
Amnesty for historical underpayment of Super Guarantee

The government has announced that it is introducing a one-off, 12 month amnesty for historical underpayment of super guarantee.

June 15, 2018
Why Australian interest rates could stay low for decades… and what that means for your investments

Many investors fear the impact of a return to interest rates of 5%, 6% or even 7%pa that were considered normal just a few years ago. They worry about the impact on share and property markets, they worry about locking fixed rate term deposits and annuities and missing out on the big rate rises to come.

June 15, 2018
Take Control with Your Personal Wealth Portal

BCV are excited to announce the upcoming release of our new client wealth portal. Powered by state of the art app ‘My Prosperity’, our wealth portal will allow clients to:

June 15, 2018
Is it time to review your home loan?

In early June, for the 20th consecutive month, the Reserve Bank left interest rates on hold. That doesn’t mean you shouldn’t be reviewing your existing loans, or exploring investment opportunities. More often that not, there’s a better deal available, and we all know any saving is better in your pocket than the bank’s!

June 8, 2018
What is a market index and how might it affect your investments?

Investors who pay attention to the finance segment of the daily news may be gazing in awe at the performance of the US share market. Even taking into account the fall in early February, the Dow Jones Industrial Average has astounded veteran commentators worldwide with its monumental growth over the last 12 months. Meanwhile, the Australian All Ordinaries Index has yet to return to the height it enjoyed before the Global Financial Crisis at 6779.1 points.

June 8, 2018
Super in your 60s. It’s still not too late!

For most Australians, their 60s is the decade that marks retirement. For some this means a graceful slide into a fulfilling life of leisure, enjoying the fruits of a lifetime of hard work. However, for many it means a substantial drop in income and living standards. So how can you make the most of the last few years of work before taking that big step into retirement?

June 1, 2018
How did the media get it so wrong?

In 2017 the paid professional media that we rely so heavily on for our daily dose of "news" was adamant in many headlined articles that Melbourne was going to be in a massive property oversupply situation, causing a jump in rental vacancies and a huge price crash.

May 18, 2018
Want to give away your assets? There are rules.

If it’s crossed your mind to look at ways to reduce the value of your total assets to be eligible to receive an age pension benefit, you should be very careful. There are strict rules governing what you can give away and when.

May 4, 2018
The secret to ‘living the dream’

We all, to a greater or lesser extent, have an idea of our dream lifestyle. So how, as a nation, are we faring? To find out, the Financial Planning Association of Australia (FPA) commissioned a survey of more than 2,600 people from around the country. The resulting Live the Dream report provides an insight into the extent to which we are collectively living our dream life and, more importantly, reveals key habits and characteristics of those who are already doing so.

April 27, 2018
Debunking the myths around tax-paid 'investment bonds'

An investment bond is a managed investment, usually operated by an insurance company or friendly society, where your money is pooled with money from other investors and invested in the investment options each investor chooses.

April 27, 2018
Warning for SMSF trustees: New super pension cap of $1.6m now in place

The maximum amount of superannuation that can be used to fund a tax-free pension in retirement is now restricted to a cap of $1.6 million per member.

April 27, 2018
Australians at higher risk this year of being penalised for exceeding superannuation contribution limits

Changes to the superannuation rules in effect for the 2017/18 financial year are designed to further limit the amount of money Australians can contribute to the tax advantaged superannuation system.

April 27, 2018
2018 has seen sharemarket volatility return. Be alert - not alarmed – as the prospect for global sharemarkets remains positive.

Sharemarkets, so far in 2018, are providing a contrast to the robust returns enjoyed by investors in 2017.

April 20, 2018
Lower your tax liability

Would you like to save on tax? Use the extra money for a holiday or something you have planned for a long time? Here's how!

April 13, 2018
Managing the “suddenly” of “suddenly single”

Single women make up a growing demographic for many different reasons. Regardless of what stage of life you are in, sound financial advice and strategic planning can set you on the path to financial independence and reducing the negative impacts of becoming “suddenly single”.

April 13, 2018
Taking your credit card on holidays

Credit cards are part of our everyday lives, but as much as these bits of plastic can make our lives easier, they can also cause a lot of grief, particularly when we’re travelling.

April 6, 2018
How to protect your credit rating

If you think that being only a few days late making a payment on a loan doesn’t matter, think again. Even the smallest lapse could potentially affect your credit worthiness.

April 6, 2018
You’ve paid off your mortgage! Now what?

Paid off your mortgage? Woo-hoo! Break out the champagne and celebrate the freedom you must now feel! But once the dizzy excitement has passed, what will you do next?

March 20, 2018
Lending money to friends or family – should you do it?

What would you do if a family member asked to borrow money – besides the less painful option of beating yourself over the head with a fence paling? You want to help, but you’re right to be wary.

March 18, 2018
Tax concessions favour small business

Every small business owner knows what it takes to turn a profit so when there’s an opportunity to increase profits by using tax deductions, grab it with both hands!

March 17, 2018
Building your ‘Family Future Fund’

How much does it cost to raise a child? Obviously the answer is highly dependent on individual circumstances. However, as a guide, a 2013 national study[1] found that a typical middle income family would spend about $812,000 on raising two children from birth to age 24. At that time child-raising costs were increasing at around 9% per annum, so it’s a reasonable estimate that these days the cost of getting two kids to the point where they’re ready to leave home (that’s not to say that they will) is closer to $1.1 million! And that’s a middle of the road figure.

March 15, 2018
7 tips to protect your identity

We are constantly hearing reports about the rise of personal fraud in Australia, but have you ever looked at the figures? The federal government’s website dedicated to monitoring and reporting scams, Scamwatch, tells us that there were 161,572 reports of Australians being scammed out of more than $89 million dollars in 2017!