Money Management

Saving money is one of those things that many people find easier said than done. The reality is that money management is a skill that not everyone has. It’s unfortunate, but the good news is that it is a skill you can learn over time. The problem here is that most people only begin trying to save and manage money better when facing difficulty. Usually, that is when it’s too late to start.

For example, you get into an accident, which means you have to stop working for several months. While you may receive compensation, it may not be enough if you have dependents. Worse, if the accident took place outside of the workplace, you may not get the financial support you need from your company.

Here at the All Trades Cover blog, we offer a wealth of information across a variety of topics concerning financial literacy so readers can manage money more efficiently. Aside from tips on saving money, we also blog about relevant matters, such as superannuation. It’s a form of forced savings here in the country, which applies to both employees and employers.

Click on the topic you would like to learn about below so we can help you improve your money management skills.

Simple Steps to Help Tradies Save Money
Simple Steps to Help Tradies Save Money

When you work as a tradie you want to save as much money as possible so you can afford the more enjoyable things in life like a holiday or that new car you’ve been eyeing off. That’s easier said than done with the cost of living increasing all the time and things like bills and food making a huge dent…

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Understanding Super – The Quick Guide for Tradesmen
Understanding Super – The Quick Guide for Tradesmen

In Australia, superannuation is basically a legislated form of forced savings and means that people have more money available for them upon retirement and don’t need to rely on government pension. For a lot of tradesmen, it can be easy to assume that superannuation just takes care of itself and there’s not much you need to consider. It’s important that…

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Tradies are on the ATO’s hit list
Tradies are on the ATO’s hit list

The ATO has cast a wide net this year as to who they will be targeting for their annual tax return hit list. Every year we find out which profession will be scrutinised by the ATO, however instead of picking particular industries this year the ATO has scoped in any tax payer which submits an electronic device as a deduction.…

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A Super Retirement, Can I Afford it?

Regardless of your age it can be daunting to think of how much we need to retire. The Westpac/Association of Superannuation Funds of Australia (ASFA) Retirement Living Standard benchmark recently calculated that the typical Aussie couple currently need around $55,000 per year to live a comfortable lifestyle. If your annual super statement shows you have only enough assets for one…

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