Money Magazine December 2021/January 2022

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
Frequency:
Monthly
$6.85
$56.80
11 Issues

in this issue

2 min
feeling hot, hot, hot

Welcome to our bumper summer issue. We want to make sure you’re well prepared for the year ahead with our annual Best of the Best winners (from page 54) and answers to what we believe are going to be the big finance questions in our 2022 outlooks. While Covid-19 continues to affect how we live, what the past 10 months have taught me is that the human spirit is strong, resilient and very resourceful. Sharemarkets have bounced, property markets continue to sizzle and many businesses found ways to pivot and survive. The labour market has also been the strongest it’s ever been in many sectors, which means employers are trying to make work more rewarding and appealing. By the time you finish reading this edition from cover to cover, you’ll find that there’s…

moneyau2112_article_008_01_01
3 min
letter of the month

Keep going: those small steps pay off Several years ago, I found myself as a single mum after leaving an abusive relationship, a mature-age student after having to switch careers when I became a mother, and with not a cent to my name while having the responsibility of caring for two very young children. I knew nothing of finances, especially shares. Determined to rewrite my financial future, I set about educating myself about finances, including picking up a subscription to Money magazine. I remember reading it and thinking, “I don’t know what these terms mean, but I’m going to keep reading and I’m sure one day they will mean something.” Well, that’s exactly what happened. I’m now earning $100,000-plus a year and am a very proud owner of a share portfolio that has…

moneyau2112_article_008_02_01
1 min
subscribe

Contact us To send a letter to the editor, write to: Money, Level 7, 55 Clarence Street, Sydney NSW 2000 or email money@moneymag.com.au For all enquiries 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: magshop.com.au/ money-magazine Call: 136 116…

moneyau2112_article_009_01_01
2 min
what fab find or gift for under $100 has been life changing?

DEBBIE DUNCAN I love to travel (when we can) and I love to read, and receiving a Kindle as a gift a few years ago was a winner on both counts. Now instead of having to lug around a heavy suitcase weighed down with several books when I go away, I simply pack my lightweight Kindle onto which I can download as much reading material as my heart desires. BOB CHRISTENSEN It’s hardly the most significant contribution to civilisation, but a nifty little hair trimmer does it for me. Shaped like a computer mouse, it’s light and easy to use – takes about 45 seconds if I’m pushed, no mirror, ears intact. Because it’s cordless, it can be used anywhere, anytime – even underwater (well, it claims to be waterproof, though I’ve never…

moneyau2112_article_010_01_01
4 min
notes to a younger self

The Best of the Best is our most popular issue of the year – it provides us with information that enables us to save thousands of dollars. It’s certainly a valuable issue, but you’ll find value in every Money magazine. Personally, I have learned much from our contributors this year. Greg Hoffman, Scott Phillips, Steve Johnson and Marcus Padley have provided share information and tips that have helped me invest wisely and profit from their knowledge. Thanks for this month’s tip not to waste money on cheap clothes, Steve Johnson! There have been several share tips this year that I have followed based on these experts’ advice in the magazine, including the February issue, which gives the top 50 property and share investments. And we’ve had letters to the editor saying that over…

moneyau2112_article_012_01_01
2 min
how you can benefit in the open banking era

A staggering two-thirds of lenders say they turn away creditworthy customers because they lack data from traditional and alternative sources, according to Experian’s recent Risk Radar report. Leveraging new data sources was identified as a top credit risk priority by 60% of respondents, with 30% of those seeing it as critical. But awareness hasn’t necessarily translated into investment, with less than half of Australian risk leaders thinking their business was accessing all data sources available. There is a vast array of consumer data beyond traditional banking, credit bureau and employment data, such as digital transaction, buy now pay later (BNPL) and subscription data. This is fuelling demand for systems to help lenders analyse this information to make informed, actionable and faster decisions that ultimately benefit consumers. The increasing prevalence of open banking…