Which financial websites can really make a difference? Here are four of our favourites.
Including the kitchen sink
Developed by the Australian Securities and Investments Commission, this site has just about everything you could ever need. There is a broad selection of calculators and apps, budget planners and information on various forms of investment, savings and debt. The site talks you through such issues as insurance, superannuation, life events such as starting work, dealing with illness, being a carer and divorce or separation, and much more. Best of all, it’s clear and well explained. For anyone, at any level of financial knowledge, there is plenty to be learned at MoneySmart.
Fun for the kids
A family affair that began when two parents decided to teach their 11-year-old daughter about saving, Bankaroo now has thousands of members from around the globe and has begun partnering with schools. The attraction lies in its promise to engage kids in the saving process, whether it is with real or virtual money. In doing so it teaches them to be smart with money. Apart from its colourful and child-friendly layout, Bankaroo’s power is in its simplicity. Set a goal to save for something specific, or watch as regular allowances add up to larger amounts. Parents can also choose to match their child’s savings to help the balance grow more quickly.
Managing financial hardship
Offering tools and advice to help manage money and debt, particularly useful for those who find themselves in a challenging situation or who want to prepare for potential issues, this financial counselling site from the Victoria State Government contains plenty of useful information on a broad range of topics.
Quirky and inspirational
Budgets are sexy
This delightfully refreshing and honest site is designed and written by blogger ‘J. Money’, whose collection of inspiring stories of saving and wealth creation regularly attracts major media attention. One such story concentrates on how to reduce expenses as much as possible without sacrificing quality of life. Another analyses exactly how much money is needed for early retirement. It is an American site, but most stories translate to the Australian market and are enormously entertaining. And in order to put his money where his mouth is, the author publicly announces his net worth every month. Definitely worth a visit.
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