First Financial Blog

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This holiday season has been unlike any other. With COVID-19 restrictions still impacting our daily lives and the usual overseas travel options unavailable, we’ve taken to our own backyards to celebrate. Even though many of the usual opportunities for spending haven’t been an option, we know that a large number Australians will still have incurred some extra debt.

Discussing money matters with loved ones can be hard… in fact for many people, the topic of family finances can be a daunting one to approach. Whether it’s your partner, your children or even your parents, it can be a difficult conversation to start.

Quantitative easing is an unconventional monetary policy utilised by central banks around the globe when trying to encourage economic recovery. It is a measure that has been regularly employed by the US Federal Reserve since the 2008 Global Financial Crisis.

We believe that the key to successful investing is maintaining a long-term view. The short term might be a thrill, but long-term investing provides a more stable, consistent approach to securing your financial future.

As we draw closer to the end of 2020, the team at First Financial has continued to find ways to keep motivated and stay connected. After more than eight months working from home and going through the tough Melbourne lockdowns, it’s been great to share our camaraderie and keep each other feeling positive.

The end of a relationship is a difficult time, and separating from a partner can be a gruelling process. In a heightened emotional state, things can get messy quickly and you can find yourself facing not only the breakdown of your relationship but also dramatic changes to your financial stability.

Carers play a vital role in our society. They provide essential care for people with a disability or mental illness, with debilitating medical conditions or who are elderly and need additional support in their day to day lives.

Investment markets are cyclical in nature. Ups and downs occur regularly, but over longer periods of time, there are recognisable traits associated with each stage that can be clearly categorised.

Over the five years to 2020, the insurance industry lost approximately $3.4 billion on income protection insurance products. Insurance companies are haemorrhaging money. And that’s not good for anyone.

2020 has been a challenging year. The economic impact of the coronavirus pandemic has been felt across the entire country. To counter the drastic effects there has been an unprecedented amount of financial support provided to both individuals and businesses.