Money Magazine September 2020

Money magazine is Australia’s longest-running, highest-selling and most-read personal finance magazine. Money magazine provides credible, independent, easy-to-understand financial advice to help its readers save money and make the most of their investments.

Rainmaker Information Pty Limited
11 号


track down all those ‘invisible’ dollars

Idon’t remember all the gifts I received as a young child, but there was one particular present that stood out – my very first piggy bank. I can’t tell you what it looked like (except that it was definitely porcelain), but to this day I vividly remember how happy I was when it was time to find out how much I had saved. I distinctly remember the sound of the hammer as it smashed my piggy bank and sent coins rolling, spinning and scattering all over the floor. It’s hard to recreate that visceral experience, with most of us now saving our funds electronically. But in our cover story (page 34), which is all about uncovering the “invisible” dollars you never knew you had, we certainly help give you a taste of…

concerned about partner’s big-spending habits

I’d always intended to pick up a copy of Money, and I finally did so on my way to the supermarket checkout. I thoroughly enjoyed it and will certainly be a repeat customer. I found Susan Hely’s column (“Secrets that end in tears”, July) relative to my situation. As a 24-year-old male about 16 months into a relationship, I have always found talking about money in relationships to be taboo. Although my partner and I have intentions to buy our first home and put down a deposit, I can’t help but notice her spending habits. There seems to be unnecessary purchases, gifts for others without an occasion and constant eating out. Furthermore, she insisted on completing her own tax return despite me being an accountant. This article gave me the push I needed…


More than just a magazine about money We migrated to Australia in 1994, and Noel Whittaker’s books and Paul Clitheroe’s TV program gave us the early insight in our quest for financial independence. We have been subscribing to Money since its humble beginnings and always read it cover to cover. The writing style, a good variety of topics, diverse contributing writers and the brilliant layout make the magazine very appealing. It is a lifestyle magazine that is more than just finance. Marcus Padley is one of my favourite contributors and Michelle Baltazar has fitted in seamlessly as editor-in-chief. When we see a special offer, we always add to our current subscription and keep a buffer. Siva Your own home is the best investment The July cover story, “Build on the dream” by Darren Snyder, was very…


Contact us To send a letter to the editor, write to: Money, Level 7, 55 Clarence Street, Sydney NSW 2000 or email For all inquiries and letters, please include name, address and phone details. Letters may be edited for clarity or space. Because of the high number of letters received, no personal replies are possible. How to get Money Subscribe to the print or digital edition, as well as our free weekly email newsletter via the Money website or: Online: money-magazine Call: 136 116…

what’s been your best money hack over the past six months?

MAX RIAZ Max, a director of Banyantree Investment, says: “I have totally moved away from drinking $5 coffee every day and spending $400 a week on restaurant and cafe foods. I am now a self-taught chef, whipping up culinary delights from all over the world inspired by YouTube chefs. The net savings of $18k a year can go a substantial way in paying school fees for my daughter.” SCOTT PHILLIPS Scott is The Motley Fool’s CIO. He says: “A good way to overcome financial risks is to reduce outgoings, spending less on discretionary items. But another, overlooked way is to spend upfront to cut bills. For my family that meant adding more solar panels on our roof. In the sunniest part of the year, we ended up with a credit on our power…

a price worth paying in case disaster strikes

A few years ago a social experiment showed that young people couldn’t comprehend the importance of superannuation – money they put away to be untouched for more than 40 years. This was understandable – 40 years away is unimaginable. But the experiment went on to show that when people used an ageing app to visualise how they might look 40 years into the future, they were able to better imagine the idea of themselves getting older and realised there may be a time when their super is important. Visualising tragedy by way of accident or illness is unimaginable for many of us. Only recently I attended a virtual funeral. A friend of mine, just 61, had tripped and fallen, hitting her head, which resulted in massive brain damage. This was most unexpected,…