Home' Army News : March 31st 2011 Contents NEW ADF INTERACTIVE
NOW DEPLOYED! www.adfcon
‹ Easy, accurate planning
‹ Battleground graphics & details
‹ Targeted at ADF personal & family finances
‹ Super-fast calculations
Who said finances are boring? This whole exercise will help all
ADF members and their families manage income and expenses,
create personal balance sheets, and understand progress towards
financial independence. Check it ou
Army March 31, 2011
Smart money tips
only a click away
ARE you confident that
you're getting the best
deal on your credit card,
mortgage or super?
Unfortunately, about 50 per
cent of Australians aren't confident
they have made the best financial
decisions. And many more aren't
sure where to go to get independent
MoneySmart is a new website
helping people make smart choices
about money. The website provides
free, independent and unbiased
information, tools and motivation.
MoneySmart has been cre-
ated by Australian Securities and
Investments Commission (ASIC),
replacing ASIC's two previ-
ous consumer websites FIDO and
MoneySmart aims to motivate
people of all ages to take control of
The site covers the essentials
such as budgeting, saving, credit
cards and loans, as well as more
complex financial matters such
as superannuation, margin loans,
reverse mortgages and financial
MoneySmart also has informa-
tion for people at particular turning
points in their lives, such as starting
work, buying a home, losing a job,
having a baby or retiring.
The website includes 26 interac-
tive calculators and tools, allowing
you to see exactly what is happening
with your finances and to take some
simple steps that can make a dif-
ference. Also, there are five mobile
calculators for you to use on the go.
The 'savings goal' calculator lets
you set a goal to save a fixed amount
regularly or save as much as possi-
ble within a certain time.
The 'retirement planner' shows
you whether your super is likely to
give you the level of income you
want for your retirement, and what
you can do to improve the situation.
The 'super versus mortgage'
calculator compares the benefits of
putting any spare money into super,
compared to making extra mortgage
MoneySmart is an important first
stop for anyone saving for a holi-
day, considering a mortgage, strug-
gling with debt or making plans for
Act now, save later
Getting a loan is common prac-
tice for most young people who are
in the market for their first car. But it
can be costly in the long run.
Warren, 24, was ready to take the
plunge, but stopped at MoneySmart
first. He realised there were a lot
of costs involved in buying a car,
including insurance, registration,
maintenance and fuel.
The information he gained was
crucial as he previously had no idea
that car yard loans were much more
expensive than other loans.
He decided to take more time
to shop around and find the best
deal on the car and the loan, so he
wouldn't be stuck in a long-term
loan with a high interest rate and
For more information, visit
www.moneysmart.gov.au. You can find
MoneySmart on Facebook and Twitter,
and receive its free e-newsletter. E-mail
ASIC with topics that interest you via
A new website is helping users take control of their finances, writes
ASIC chairman Tony D'Aloisio.
First stop: The MoneySmart website offers a range of valuable tools.
Photo by LS Paul Berry
Links Archive March 17th 2011 April 14th 2011 Navigation Previous Page Next Page