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Welcome to the 2021/2022 financial year!!

Do you know where your money is being spent? We reveal how spending habits changed during COVID and where our hard-earned dollars are now being spent. The new financial year is the perfect time to check your spending habits and determine whether setting up a budget may help achieve your financial goals faster.

Superannuation changes were recently announced in the May 2021 Federal Budget. A few changes commenced on 1 July 2021, with additional changes expected to begin on 1 July 2022. It is important to understand how these changes may affect you.

Explore reasons why having an investment plan in place will provide you with perspective, create less stress and anxiety when the market fluctuates, and potentially set you up for financial success over the longer-term.

Buying an established business can sometimes be easier than starting your own business from scratch. We’ve listed 10 questions to ask and take into consideration before you acquire a business.

With some of us still regularly working from home, finding the right balance between work and family can be difficult. Can you switch off at the end of the day or do you continue working to please your boss? Excessive hours can lead to burnout so it’s important to realise there needs to be a comfortable balance between the two.

We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter on (02) 8824 7881 or email Shitij.Mann@ampfp.com.au.

Kind regards,

Sydney West Financial Services Pty Ltd

How to reassess your spending and budgeting habits

From our spending habits to our saving trends, the pandemic has changed the way many Australians think about money. Learn how to reassess your financial situation and create a fresh budget for 2021. Read full article >>

New financial year rings in some super changes

There are some big changes to super from July 1 this year that could seriously boost your super, so it pays to be informed. Read full article >>

How to create an investment plan

A well-thought-out investment plan protects investors from falling into some common behavioural traps that can be detrimental to their returns. Here are a few suggestions on how to create a sound investment plan. Read full article >>

10 things you must consider before buying a business

Before you come close to signing on the dotted line, there are 10 important factors to consider closely, writes accountant and business advisor Nick Roberts. Read full article >>

Life is a balancing act

Do you sometimes feel that your life is a balancing act? Read full article >>