EXPLOREMY LIBRARY
Business & Finance
Money Magazine

Money Magazine

May 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.

Country:
Australia
Language:
English
Publisher:
Rainmaker Information Pty Limited
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$42.45
11 Issues

in this issue

1 min.
no ordinary lifebuoy

If you’re reading this, you’ve already passed the first test of endurance. Surviving the financial havoc that Covid-19 has forced on all of us requires extraordinary resolve – and a focus on solutions rather than the problems. Those solutions are in your hands through this special Covid-19 edition. Our cover story (page 34) is a guide to the government concessions and financial aids available to get us through this crisis. What’s clear is that the government is having a “whatever it takes” moment. The wheels of the economy must keep turning. Some forecasts suggest that, thanks to the stimulus package, we are looking at an unemployment rate of 9% next quarter versus a horrific 17% without the government’s intervention. If your property portfolio is your most pressing concern, we’ve asked the experts this…

1 min.
putting the personal into finance

Money magazine has really put the “personal” into personal finance for me over the past decade. It’s very easy to get glossy-eyed when you read about, or hear people talk about, personal finance, but your relatable magazine has provided me with actionable ways to increase my knowledge of products, budget more effectively and build a financially secure future. It has been amazing to see the results over the years following a number of small, incremental improvements that I gleaned from your magazine, whether it was changing my mortgage repayments from monthly to fortnightly, investing in equities, writing a will or getting out of consumer debt. I find the case studies invaluable, paying particular attention to the readers in my age group for actions I should take now but also keeping a keen…

2 min.
feedback

Perceptions of bias I was less than convinced by Peter’s letter (April edition) alleging a bias towards ethical funds on the part of Money. The magazine publishes an immense breadth of articles on all manner of strategies. The only bias I have ever detected is towards the best interests of the readership. As to Peter’s view that coal mines are good for poor people, and his anecdotes citing the supposed benevolence of a US oil and gas company he worked for, little more need be said as to who is in possession of a biased perspective. Patrick What life is really about I have been a subscriber to Money for a few years now. As a small investor who has made many mistakes along the way, it has been wonderfully validating over time to read…

1 min.
what’s a positive you’ve found about self-isolation?

JULIA NEWBOULD Julia, Money’s editor-at-large, says: “Slowing down, staying home and appreciating the little things and making contact through Zoom and FaceTime with friends and family have all been positives of self-isolating, as well as seeing and hearing the neighbours more and feeling more connected to my community.” DEBBIE DUNCAN A senior sub-editor at Money, Debbie says: “A major positive has been getting off that treadmill and stopping to smell the roses. It’s allowed me to look at my life through a different lens and opened my eyes to the many things I have to be grateful for. That and not having to wait until the weekend to have a lie in.” BOB CHRISTENSEN Bob, a senior sub-editor at Money, says: “The garden has never looked so good. But the novelty is definitely wearing off…

4 min.
we humans will pick ourselves up, dust ourselves off and adapt

As I write this in early April, the All Ordinaries index has had a nice rally from its year low of 4564 to around 5400. Markets do tend to move as a predictor of the future, so right now they are obviously factoring in the falling infection and death rates in Italy and Spain, cheap oil, a low Aussie dollar and, in particular, the impact “staying at home” is having in Australia. Oh, and of course, billions of dollars of government support. Like you, I can only listen to the medical experts when it comes to the course of Covid-19, but one thing is for sure. We are learning, as happened with the Spanish flu in 1918-20, that isolation can control the horrible thing. How and when we are able to…

2 min.
compassionate response can ease the stress

The wide-ranging impact of Covid-19 on the economy can be highlighted in many ways. But two stories on the Money website in March drew my attention to some major financial pain points among individuals. A great summary of the federal government’s JobKeeper payment by Susan Hely had received more than 50 comments (as at April 4) – and all of them were questions about whether people qualified for the payment. We weren’t in a position to answer who qualified as the rulebook hadn’t been fully written. But the questions reminded me how compassionate we need to be as a nation. Consider the woman who works casually and was paid cash-in-hand for five years until August 2019, after which she became officially on the books. She will not be eligible because the employer is…