Stop!! Don't do a paper Budget, use our online budgeting tools instead.

Budgeting, cash flow and Super are all very important to better financial management and the attainment of long-term goal.

Don't ever do a Budget again on the back of an envelope or using anything hand written. Via this site's financial tools, secure client portal or calculators you and your family excellent online help AND all information is kept for re-use over and over again. Don't spend time doing the same thing again and again, do the hack work online once and you only have to adjust data from then on. Great for your kids as well.  

These tools are an added service to help you, our clients, gain more from the what we provide.

   

 

You may think that working on a Budget or cash flow isn’t your cup of tea but when things are tight or you need to look long term there is no better way to manage how your money is used. 24/7 access and if you have a question you don't have far to go to ask.

Give it a go. Start with a Budget or cash flow analysis or Super scenario. It may take a bit of time but even a few minutes here and there is good and everything you add will be waiting until the next time you log in.When you feel the urge then a quick trip to our website is a good thing to do, it has all the tools you need and more. Also any information you add that’s relevant to other tools is automatically transferred saving you time and effort.

 

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Cracking the money code

Literacy is the key that unlocks a world of knowledge. In the investment world financial literacy is how investors can crack the code of our sophisticated and at times complex world of money.

The issue of financial literacy is both broad and multi-layered. At one end of the spectrum there are those people who are effectively shut out of the modern financial system because their lack of financial literacy means they cannot access even the most basic of financial products.

The National Australia Bank first commissioned research by the Centre for Social Impact back in 2011 and recently updated the work in June 2013. It defines financial exclusion where individuals lack access to appropriate and affordable financial products such as transaction accounts, general insurance and a moderate amount of credit.

The research found that about 17 per cent of the adult population in Australia are either fully or severely excluded from financial services. A big concern is that the figure is rising not falling.

Improving financial literacy is a significant challenge and there are a range of initiatives underway including getting basic money management skills embedded in the school curriculum nationally.

ASIC has responsibility for implementing a national financial literacy strategy and a strong focus of that strategy is looking at improving educational pathways and content.

That is to be applauded but clearly this is an issue that ranges from the basic - understanding mobile phone contracts, credit card debts and household budgeting - right on up to more sophisticated challenges like understanding your superannuation.

As our superannuation system continues to grow and mature it is likely to have an ever-increasing role in educating Australians around long-term savings and planning for their retirement.

Australia's superannuation system is world-class in terms of a system structured to build retirement savings. But one of its core strengths - the mandatory nature of contributions from salaries - brings with it the issue of lack of member engagement because the majority of fund members do not actively make decisions either about the fund or the investment approach.

By its design there is a paternalistic side to our super system that works in a behavioral sense against fund members being fully engaged with their super account in the same way that they are with their banking or credit card accounts.

Ask yourself - or friends/work colleagues - when was the last time you checked your super fund balance?

The other factor working against super is its long-term nature - it is not hard to put off doing something when you can't get your hands on the money for 30 years.

Financial literacy is an essential life skill if people are to function and succeed in the modern world. Education and banking services are clearly on the front line of improving financial literacy, but increasingly there must be a role for super funds because they are going to be much more integral in people's lives as the system grows and the population ages.

 

By Robin Bowerman
Smart Investing
Principal & Head of Retail, Vanguard Investments Australia

 

 

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Dimos Fessopoulos

Dimos Fessopoulos

Dimos is a Financial Adviser with 9 years’ experience. He takes great satisfaction in helping our clients gain peace of mind by knowing that their financial plans are on track to provide for their current lifestyle and ongoing retirement, along with optimally protecting their assets, and the interests of their families and friends. His friendly, caring nature, developed from his 20 years as a Physiotherapist, puts his clients quickly at ease allowing them to comfortably focus on their future goals and needs.

Dimos is married with 3 sons aged 20,15 and 14. His weekends are therefore spent at various sporting fields as a very keen spectator. He also continues his passion for soccer by coaching representative teams and as a committee member for the local soccer club. Dimos is also a very keen golfer and plays tennis socially.

Dimos holds a Diploma of Financial Services (Financial Planning) and a Graduate Diploma of Applied Finance (majoring in Financial Planning) from FINSIA. Dimos also holds a Bachelor of Applied Science (Physiotherapy) from the University of Sydney.

Dimos Fessopoulos (Director of Financial Planning) is an Authorised Representative of Count Financial Limited. Dimos' ASIC Adviser ID No is 335420.

John Mihail

John Mihail

Professionally, John has 12+ years' experience in financial planning and is a CFP® professional member of the Financial Planning Association of Australia, which is the highest designation in financial planning and recognised internationally. In addition to his CFP® studies, he also completed an Advanced Diploma in Financial Services (Financial Planning) in 2007; and non-financial tertiary studies with a Masters of Health Science (Exercise & Sports Science) in 2002, and a Bachelor of Applied Science (Occupational Therapy) in 2000, both from the University of Sydney.

Outside of work, John is married with 2 young daughters. In his spare time, he enjoys the company of family and friends, follows the success (or suffering) of the EPL's Manchester United, our Socceroos, and the NRL's Bulldogs, while fruitlessly fighting the ageing process through (short) bursts of jogging, swimming, tennis and so on. He also loves a good cup of coffee.

John holds specialist technical accreditations with Count and is authorised to provide advice on Self-Managed Superannuation Funds, Aged Care, Direct Securities, Business Insurance, and Defined Benefit Schemes.

John Mihail (CERTIFIED FINANCIAL PLANNER® professional) is an Authorised Representative of Count Financial Limited. John's ASIC Adviser ID No is 289605.

Yolla Nohra

Yolla Nohra

Yolla Nohra is our Lending & Leasing Manager and she has over 34 years' experience in a variety of roles within Chartered Accountancy practices.

Yolla holds a Diploma of Financial Services (Finance/Mortgage Broking Management), a Diploma of Financial Services (Financial Planning), is an Accredited Mortgage Consultant (AMC) from the Mortgage and Finance Association of Australia (MFAA)and she is also a member of the Credit and Investments Ombudsman (CIO), membership number: 411084.

Yolla holds a Certificate IV in Financial Services (Finance/Mortgage Broking) and is also a SEQUAL accredited Reverse Mortgage Consultant (RMC). Yolla is also a Justice of the Peace (JP). Yolla is a Credit Representative of finconnect™ (australia) pty ltd ACL 385888.

Yolla is very happily married and has 4 children, a daughter, 3 sons and a grandson. In her spare time, she enjoys spending time with her family, cooking, reading and listening to music.

For more information: www.loanmagic.com.au

Winnie Su

Winnie Su

Winnie is a Paraplanner and Practice Manager at CBC and has been at the firm since June 2009. Winnie has over 10 years' experience in the financial services industry and over 2 years' experience in Client Services (Margin Lending).

Winnie holds a Bachelor Degree of Arts (Media and Communications) from the University of New South Wales, an Advanced Diploma of Financial Planning from Kaplan and a Diploma of Teaching from the University of Technology. Winnie is also a Justice of the Peace (JP).

Winnie was born in Hong Kong and emigrated to Sydney at the age of 5, currently living in the south-west of Sydney with her husband and their children. Winnie loves travelling, languages, computers and new technology. She has traveled to Japan several times, working there for a year in total.

Larry Chi

Larry Chi

Larry is our Financial Planning Client Services Co-ordinator and joined the firm in September 2016 shortly after completing a Bachelor of Economics (Finance and Economics) from the University of Sydney. During his time with CBC, Larry has completed a Diploma of Financial Planning in 2017 from KAPLAN.

Larry continues to work as a basketball referee over the weekend and loves spending his time on outdoor adventures with his girlfriend, shooting hoops at the basketball courts and training at the gym. He also enjoys caring for his pet fish and Subaru.

Larry hopes to explore countries around the world and aspires to become a professional in the finance industry.

Lisa Nguyen

Lisa Nguyen

Profile coming soon

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