Competition is bad for the Competitors!
There is a basic human principle that we should always remember: financial competition is usually bad news for the competitors. Avoid if possible!
General
Travel is an Import and how Exchange Rates Work
If you have been travelling overseas for any length of time, you will have noticed how easy it has become to transfer Australian dollars into the currency of whichever country you are in. But, what actually happens when money is ‘transferred’ overseas?
A Climate Change Response that Beats Inflation
Power is one of the biggest costs for households and small businesses. And the costs are rising. The good news is that many Australians can simultaneously improve their personal finances while reducing their use of fossil fuels.
What happened to Silicon Valley Bank?
You may have seen the recent news that an American Bank, Silicon Valley Bank, collapsed. This raises two important questions: what happened? And, could something similar happen here?
Would You Walk Out on a Bad Movie?
You have paid $100 for gold class movie tickets. About a third of the way through, you realise that this is the worst film you have ever seen. Do you leave now or do you stay until the bitter end? Your answer might have big implications for your financial future.
Do You Know What Makes Money, Money?
While privately-traded cryptocurrencies are becoming more well known, they are unlikely ever to be used as ‘money’ in Australia. To understand why, it helps to understand what makes money, money.
Budget 2021
The world moved a little more back towards normal this week as Commonwealth Treasurer Josh Frydenberg delivered the 2021 Budget at the traditional time of just after Home and Away on the second Tuesday in May.