Making Money Easy: Recent Episodes
Gillian Bowen
Hosted and created by Senior Finance Reporter Gillian Bowen, Making Money Easy looks at finance and economic news and, with the help of some prominent economists and experts, breaks it down to what you need to know. The discussions in this podcast do not refer to your individual circumstances and do not give individual financial advice. You should seek your own independent advice, relevant to you, when making financial decisions.
We'e got the latest data on consumer prices. So what's going up and what's coming down? And how does all this play into the September RBA interest rate decision. It's a big month - it's the last time Governor Philip Lowe will be in charge before he hands over the top job to Michele Bullock. We take a look at what she's likely to focus on and just how big the job ahead is. On the list: inflation, implementing changes from the RBA Review and climate change to name a few. We've packed a lot into 16 minutes! CommBank Senior Economist Belinda Allen joins Gillian to discuss.
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The latest Intergenerational Report is out. It's a large document released by Treasury which projects the outlook of the economy and the Australian Government's budget. The 2023 report looks ahead to 2062-63. This episode goes through the key takeaways (your tax future, your superannuation future, your working future, your old age future, your climate change future) and the predicted impacts on the lives of Australians in the decades to come. Some of the scenarios are 'big, dark and scary'. So what can be done now to make a better future? As always - it's a spirited discussion when Gillian has on finance and money commentator, author and head of strategy at InvestSmart, Evan Lucas.
Read The Intergenerational Report
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There's been a slight increase in the number of unemployed people (36,000 people) but there's also slight positive. Putting up interest rates while unemployment is worsening, is unlikely to sit right with the Reserve Bank. The economists this episode explain why. We also examine the latest average weekly earnings. They're on the rise. So which state is performing best? Which job? And women are ticking ahead - we reveal why. With jobs and earnings data now to consider - we explain what's likely to happen at Philip Lowe's last RBA board meeting as Governor. AMP Australia Deputy Chief Economist Diana Mousina and St George Bank Senior Economist Jarek Kowcza join Gillian for this look under the economic hood.
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The August RBA rates decision, the latest lending data and the Australians working multiple jobs to make ends meet - there's a lot to unpack in this episode of Making Money Easy. Find out why one of my economists thinks the RBA is now finished with hiking interest rates. We reveal one of the biggest surprises in the economy this year and what economists have got wrong. It's a good, deep and meaningful chin-wag, complete with multiple laughs. Barrenjoey Chief Economist Jo Masters and Bank of Queensland Chief Economst Peter Munckton join Gillian to explain.
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There are a lot of lags in the economy right now. The cost of a bag of chips is a good example. The impact of multiple RBA rate hikes on mortgage holders now coming off fixed rates is another. Some of the lags are really hurting. This episode we explore the impact of lags, and whether the RBA will take any of them into account when it makes its August interest rate decision. While some economists think it's a flip of the coin, they are agreed we're not far from the top of the hiking cycle. Analysis of the latest inflation data is a good place to start in understanding how the economy is performing and where consumers are feeling it. And maybe, just maybe - the data is telling us to stay away from the carbs ;-)
Barrenjoey Senior Economist Johnathan McMenamin and Impact Economics, Economics Manager Emma Grey join Gillian to explain.
Click here to see the Australian Bureau of Statistics Graph
Measuring What Matters Statement
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The number of new jobs that popped into the Australian economy in June was a surprise. One of our economists this episode has even described the result as 'stellar'. So the big question - will all these extra jobs and the money they deliver consumers, help or fuel inflation? We take a look. We also reveal WHO will lead the Reserve Bank going forward. What are her views on interest rates and inflation? How will the RBA look different? What is the job ahead? Plus - intel on when the next rate rise will be and the coming CUTS. And we go beyond the headlines when it comes to the cost of living crisis - thanks to data from Australia's biggest bank. Who is floundering? Who has all the savings? And WHAT are the big events we just can't help but spend on. CommBank Chief Economist Stephen Halmarick and RBC Capital Markets Chief Economist Su-Lin Ong join Gillian to explain.
How the Reserve Bank overhaul will impact you
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So the Reserve Bank is taking an opportunity to get some more economic information - thank goodness says mortgage holders who are really starting to feel the results of 12 interest rate hikes since May 2022. The official cash rate remained ON HOLD for July but don't relax just yet. Find out why a rate hike is likely in August. We've got some shock housing figures, the latest on lending in Australia, an update on 'asking rents' and a great discussion on how childcare HELPS the economy - topical considering recent research by the Consumer Watchdog (ACCC) which confirmed childcare fees rose faster than inflation and wage growth during the past four years. Learn how childcare allows Australia to grab some labour hours - from working parents - back into the economy. ANZ Senior Economist Adelaide Timbrell and CommBank Economist Stephen Wu join Gillian to explain.
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There's been a bit of a win - consumers are tightening their belts. The monthly Consumer Price Index (CPI) indicator rose 5.6 per cent in the 12 months to May 2023. According to the Bureau of Statistics - that's the smallest increase since April last year. This episode the experts tackle the big question - is inflation going down fast enough to satisfy the Reserve Bank. And it's a crucial one to answer with the July RBA board meeting upon us. And happy new financial year. There's a key change about to be rolled out on wages while the experts explain how to use enterprise agreements and rents to predict what's coming down the inflation pipeline. Independent Economist Nicki Hutley and Economics Editor at The Conversation and visiting fellow at The Crawford School of Public Policy Peter Martin, join Gillian to explain.
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There's a sector shedding jobs in Australia right now, so what can it tell us about the economy and whether things are starting to turn in the labour market. This episode we look at how to use the data to see what's around the corner. The Reserve Bank will be looking too. We can also tell you what the RBA was, and wasn't saying, around the board room table when it decided to hike interest rates in June. Plus the impacts of state budgets and why it could make the RBA's job a little harder. There's also talk of the triple-A credit rating for NSW being at risk - we get to the truth of it and the impact on taxpayers if it does get downgraded. There's plenty to learn. Join Westpac Group Economist Jameson Coombs as he explains to Gillian.
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A central bank has decided to keep interest rates on hold - what does it mean for Australia and will it inspire the Reserve Bank to follow suit? One of our neighbours is in recession. We explore the impacts here, if Australia is on the path to the same thing and if a recession can help inflation. There are a lot of things at play right now in the economy - including a strong labour market - and boy is it complicated. This episode will help you understand what's going on. Plus we've got details on Australia's population - can you guess where everyone is moving domestically? Impact Economics Lead Economist Angela Jackson and Head of Australian Economics at ANZ Adam Boyton joins Gillian to explain.
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Interest rates has been hiked again. This episode we take a look at the unevenness of the Reserve Bank's main tool to curb high inflation. How are mortgage holders coping and why the RBA is pushing ahead with short term pain, for long term gain. We explain another way to tackle inflation that's NOT interest rates, explain why house prices are rising in the face of rising rates, and why a slowing economy is a good news story. Plus - learn something new: we explain unit labour costs. Who cares you say? Well it's directly linked to you as a worker or as a business owner and the RBA is WATCHING it. ANZ Senior Economist Felicity Emmett and Westpac Group Senior Economist Pat Bustamante join Gillian to explain.
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The monthly inflation figures are out. We pick apart the story behind the high prices, who's doing what and why my economists don't think inflation expectations are out of hand in Australia. Plus - revenge spending - what's that and why is it happening right now. We take a look at the impact of the latest economic data on the pending June Reserve Bank Board meeting - HINT - a risk of another rate rise is HIGH. And can you become more productive? The RBA Governor has been talking about wage rises and productivity, but the experts this episode aren't convinced it's an issue. Bank of Queensland Chief Economist Peter Munckton and AMP Deputy Chief Economist Diana Mousina join Gillian to explain
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Cost of living is front and centre right now so here's an episode to help you discover how to bust some bills. Have you noticed increases in your phone plan? How about home and car insurance premiums? Energy bills are an obvious one. We take you through the benefits of comparison websites, the pros and cons of bundling. and tips on how to work out if you're getting a bad deal. Plus, have you looked at what energy rebates you might qualify for? One state is paying its households $250 just for visiting its energy comparison site! OneBigSwitch Campaigner and Easy Money: 7 steps to Bust Your Bills author Joel Gibson joins Gillian to explain.
Joel's Twitter
Joel's TikTok
energymadeeasy.gov.au
Victorian Energy Compare
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So the dust has settled since Federal Treasurer Jim Chalmers handed down the May Budget. Making Money Easy thinks this is the best time for a bit of in-depth analysis of what's in it and its impact. This episode's economists explain what they like about it, where the Treasurer could have gone further and the impact of this economic plan on inflation. Plus - how did we get a surplus? Does it really matter? Is it a one-off? You won't find any winners and losers analysis here - instead the experts highlight danger zones and the role of this budget, in any future reform plans. EY Oceania Chief Economist Cherelle Murphy and Market Economics Managing Director Stephen Koukoulas join Gillian to explain.
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There's been a shock move - and it's not Gillian on the dancefloor. The Reserve Bank Board decided to lift rates at its May meeting despite many an economist forecasting a pause. So what's going on - this episode we explain the thinking from the RBA and the impact of the rate hike. Plus, the other big economic 'thing' on the horizon - the Federal Budget. What can we expect and what are economists looking for. Superannuation changes, welfare support and the petroleum resource rent tax (PRRT)* are among some of the measures under the spotlight. Manager Economics, Impact Economics Emma Grey and Barrenjoey Senior Economist Johnathan McMenamin join Gillian to explain.
*This episode was recorded, just ahead of the announcement by the Government confirming its changes to the PRRT.
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So there's been a slowing down in the rate of inflation but don't go celebrating in the streets just yet - the cost of living is still intense. This episode takes you through how consumers are still being impacted despite signs of improvement. From rents, electricity and medical services to those spending up big on domestic travel and accommodation - we explain the wealth inequality in parts of the Australian economy. Plus the May interest rate decision is pending - what's coming your way this month AND in August. And we've the latest ANZ research on the housing market that will leave you surprised, or actually - maybe it's just what you expect from property prices in this country. ANZ Senior Economist Adelaide Timbrell joins Gillian to explain.
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A major shake-up is coming for the Reserve Bank of Australia after its first review in decades. The episode picks apart the 51 recommendations and explains how they impact YOU. When all the changes are rolled out - the RBA should be more transparent when it comes to decision making, have less meetings and even regular news conferences to explain what's what. We also answer the critical question - if there are less interest rate meetings, will your personal bank move on its own when it comes to rates? If you haven't read about what's coming - listen to Making Money Easy for a sprinkling of what you need to know, now. Head of strategy at InvestSMART and Mind Over Money author Evan Lucas joins Gillian to explain.
Here's the episode on Evan's book from Season 2: 'Mind Over Money'
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There are some key economies forecast to go into recession - what will be the impact on Australia. Unemployment remains near record lows - so that's a plus, for now. And women are participating in the workforce like never before. So what's the story with household income and its struggle to cover high inflation, as well as rising interest rates and taxes. Another thing is on the rise - the number of international students returning Down Under. What does this mean for the housing market? And on housing - we've got the latest ANZ Property Council report to go through. Plus - why my economists this episode are split on whether the Reserve Ban will raise or pause rates in May. ANZ Senior Economist Felicity Emmett and CommBank Economist Stephen Wu join Gillian to tell this economic story.
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So after 10 months of interest rates hikes - the Reserve Bank has decided to PAUSE. Find out the impact for the economy, consumers, renters and mortgage holders. One of our experts this episode worked at the RBA - find out why he thinks it's now suffering from 'confusion-driven paralysis'. Plus we reveal the economy crystal ball - did you know it's possible to see the future, find out where to look. And we examine the housing situation (shortages, prices, construction) in Australia. Hear why one of my experts thinks we're not building enough houses, building others in the wrong places and what's getting in the way. What can be done to help? The Centre for Independent Studies Chief Economist Peter Tulip, and Economy Editor, The Conversation and Crawford School of Public Policy Peter Martin join Gillian to explain.
Peter Tulip's housing paper
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If you've been cutting back on your spending, it appears to be paying off. The latest look at the cost of living shows a slight improvement - notice the word slight. And that is encouraging news ahead of the April interest rates decision. My economists this week reveal why they're forecasting a pause. But keep listening to find out how long that pause will last. Job vacancies are also out and worth analysising. And we've got a rare 20 year snapshot from the Australian Bureau of Statistics on Permanent Migration. It's really interesting reading/listening. We ask the big questions - what has it done for the economy, is the flow right, what's the impact on essential services (housing, health, roads) and how will it impact on inflation into the future. CommBank Chief Economist Stephen Halmarick and Westpac Group Senior Economist Jarek Kowcza join Gillian to discuss.
ABS Permanent Migration Release
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A huge amount of fixed rate mortages are about to expire - almost a million this year alone. There's also a tussle underway as the banks compete for customers looking for the best refinancing deal. This episode we take a look at the impact on mortgage holders - from those on fixed rates, to those locked in 'mortgage prison', to those on variable loans facing into at least 10 interest rate hikes in a row. We analyse the rates on offer at the moment, what a 'good deal' looks like (and how to haggle) and what to do if you're in financial stress. And we haven't forgotten the SAVERS. Find out what's being offered to them now interest rates are on the rise, and how to do a health check on your savings account. RateCity Research Director Sally Tindall joins Gillian to explain this intriguing data story.
Linked Episode: How to avoid 'mortgage prison'
Resources for people in financial stress (thanks RateCity for compiling these):
- National Debt Helpline: 1800 007 007
- Good Shepherd no interest loans
- Services Australia Payment and Service Finder
- State-based resources:
- Service NSW Savings Finder
- Service Victoria Savings Finder
- Queensland Govt Concessions Finder
- SA Govt Concessions Finder
- Concessions WA
- Concessions NT
- Tasmanian Govt Discounts and Concessions
- ACT Savings Finder
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Did you get a whiff of some banks overseas being in trouble and then see sharemarkets react? This episode explains what's going on and why investors get jittery. Plus, what does it mean for Australia's banks and economy. We take a look at the nation's productivity and why it's on the agenda. Is it possible to work any harder, what's getting in the way of being more productive and what happens if we don't. Plus, the February unemployment figure is out - it's back at a record low, so will that mean a rate hike or is a PAUSE still on the cards at the next Reserve Bank Board meeting. CommBank Senior Economist Kristina Clifton and Westpac Group Economist Jameson Coombs join Gillian to explain.
email: makingmoneyeasy2021@outlook.com
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Did you think when the Reserve Bank started lifting rates in May last year - we'd have 10 in a row? This episode of Making Money Easy dives into the March hike, how economists feel about the multiple lifts and what did the the RBA Governor mean exactly when he said 'we are closer to the point where it will be appropriate to pause interest rate increases to allow more time to assess the state of the economy.' We dive into data from Australia's biggest bank to see how customers are doing and find out what ELSE is going on in the economy that's worth knowing about BESIDES interest rates. Think population growth, China reopening and the return of foreign students. Barrenjoey Chief Economist Jo Masters and CommBank Senior Economist Belinda Allen join Gillian to explain.
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The March Reserve Bank Board meeting is upon us - so what economic data is going to be KEY to its decision on interest rates? This episode examines what's at play, from economic growth and retail spending to household savings, building approvals and monthly CPI. It's a passionate discussion as we get 'deep and meaningful' about the economy and why people are still spending. Plus we ask, and try to answer, if we've managed to 'build back better' post COVID. Whatever happens - the economy is at a 'crunch point' - so is a recession coming or not? Impact Economics Lead Economist Angela Jackson and Independent Economist Nicki Hutley join Gillian to explain.
Email: makingmoneyeasy2021@outlook.com
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Plenty of big companies have released their company's results in the past 7 days, giving a useful insight into the behaviour of consumers. From the big supermarkets, to takeaway chains and airlines - what are we up to when it comes to spending? And how does that impact inflation and future rate rises? Plus, want to know what's going on with your wage and earnings? We've got that data too. And we explain why your wage not keeping up with the surging cost of living right now, is a positive. We take a look at why superannuation is on the radar, and some STARTLING figures about the more than a million households facing increasing mortgage repayments. Stephen Koukoulas, Market Economics Managing Director and Diana Mousina, AMP Australia Senior Economist join Gillian to explain.
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Find out what a slight rise in the unemployment rate means for the Australian economy and why this episode's economists aren't too worried about a significant deterioration. We've got the latest data on international visitors Down Under and how it'll help small businesses and companies looking for workers. The PAIN coming for renters and why we can't forget about them in the interest rates/inflation discussion. Find out whether mortgagees are falling behind on minimum repayments and an update on the wage-price spiral. It's a packed 22 minutes. ANZ Senior Economist Catherine Birch and Westpac Group Senior Economist Pat Bustamante join Gillian to explain.
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Nine months in a row of interest rate hikes. We've got the lowdown on why the Reserve Bank isn't shying away from making plenty of households uncomfortable while it tries to bring down high inflation. We explain why the RBA is ok with that, and where to look to see if the multiple rate rises (and the upcoming ones) are working. Plus, there's an update on unemployment on Thursday. The labour market is really tight - how will what happens impact the next RBA decision. We dive into what would be the RBA's nightmare scenario. Also what are the chances of receision and will you feel it? Peter Munckton, Bank of Queensland Chief Economist and Emma Grey, Manager Economics at Impact Economics join Gillian to explain.
National Debt Helpline
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The RBA is about to have its first meeting of 2023. This episode of Making Money Easy uses the latest economic data to explain what will happen on Tuesday and how it'll be felt by households, consumers and businesses. Plus, find out where the economists expect interest rates to be by the middle of the year. Also, did you know the price of 76% of your day to day goods are moving up too quickly - hear what that means for YOU, what relief is ahead, and why there are signs inflation may have peaked. Plus a pep talk for consumers and there's something for SAVERS. ANZ Senior Economist Adelaide Timbrell and Barrenjoey Senior Economist Johnathan McMenamin join Gillian for a jam-packed Episode 1 of Season 3.
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This may be the last episode of Making Money Easy for the 2022 but there's still plenty of economic data to pick apart. The latest unemployment figures, what older workers are up to, Australia's latest population figures and the Federal Government's plan to keep energy prices lower. Plus we reveal the states where the most people are moving to, and why you need to keep your eyes wide open in 2023. Also the topic on everyone's minds - what will the Reserve Bank do with all this data at its first board meeting next year. Bank of Queensland Chief Economist Peter Munckton and St. George Bank Senior Economist Jarek Kowcza join Gillian to explain.
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Yes we pick apart the latest interest rates decision by the Reserve Bank but as we wrap up the year ...what's over the horizon in 2023? My economists in this episode of Making Money Easy have an idea. Plus what's going on with the savings buffers of Australian households - we've got the latest data. We reveal if the economy is growing or not. And what's going on with the price of coal? How is it helping the Federal Budget's bottom line and how long will it last as we transition to net zero. There's plenty to learn about how the latest economic movements impact YOU. Independent Economist Nicki Hutley and CommBank Economist Stephen Wu join Gillian to explain. Don't forget to FOLLOW the pod.
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There’s a lot of good data informing out interest rate crystal ball this week. Monthly inflation data has turned slightly lower and the latest retail spending figures show consumers are starting to open their wallets less. There’s a chance the Reserve Bank is about to hit pause on interest rates rises after multiple hikes since May. Mortgage holders will be cheering, savers will be wanting them to keep going. But inflation is still VERY high, so why would the RBA stop? One of the economists this episode thinks, the RBA doesn’t want its fingerprints on a 2023 Australian recession. We also find out why the RBA Governor is apologising to mortgage holders, and how house prices will look next year. St George Bank Chief Economist Besa Deda and Market Economics Managing Director Stephen Koukoulas join Gillian to explain.
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You might want a wage rise right now but the Reserve Bank Governor is rejecting the idea for the sake of the economy. So is he on the money and how realistic are his expectations of Australians to stop asking for one, to help stop rising inflation? The bigger question is what will inflation look like in the future? My economists this episode have some really good insights AND on the impact of climate change on rising prices as the world transitions. Plus - we consider the sort of Christmas present the RBA is considering giving to consumers at its last board meeting of the year. Lead Economist at Impact Economics Angela Jackson and EY Chief Economist Cherelle Murphy join Gillian to explain.
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Unemployment in Australia has returned to its lowest level in almost 50 years. People looking for full time jobs are snapping them up faster than part-timers but there are still plenty of vacancies. So what are the surprise industries calling out for workers? And how is it impacting small businesses? Plus - there’s been a jump in wages but is it actually being felt in the right way. We take a look at what’s fuelled the increase and what the RBA will DO with all this economic data.. Plus can you believe there are now 8 billion people in the world? This episode takes a look at the good, the bad and the ugly of that. St. George Senior Economist Pat Bustamante and Emma Grey, Manager of Economics, Impact Economics join Gillian to explain.
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So consumers are feeling as bad as they would, if we were in an actual recession. Australians are employed at record levels, economic conditions are pretty strong but sentiment is glum. You might think that’s bad - but one of my experts this episode argues consumers feeling glum right now is a victory. Huh? Hint - it’s linked to rising prices. We’ve also got the latest on the state of mortgages after the full year results of two of the Big 4 banks. And differing views on rates - one thinks there’ll be only one rise next year while the other thinks there’ll be multiple. Welcome to the world of forecasting. ANZ Senior Economist Adelaide Timbrell and Peter Martin, the Economy Editor at The Conversation and a Visiting Fellow at the Crawford School of Public Policy join Gillian to explain. Find out more Gillian here.
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Interest rates may still be rising and mortgage holders are yet to feel the full pain of them but this week’s expert still believes Australia is the best place to be right now. In this one-on-one with CommBank Chief Economist Stephen Halmarick, we explore the latest Reserve Bank rate hike, the financial strain coming for Australians and what major economies are heading for recession next year. Prices-wages spiral - do you know what that is? It’s on the RBA’s radar. We find out what it is and how Australia can avoid it. Plus Stephen has written his own list on what needs to change at the RBA to make it better for us all. Find out what he thinks the pending RBA review should roll out. Find out more about Gillian here.
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Federal Budget analysis - there's so much of it but now the dust has settled, are you ready to find out what it means for you and the Australian economy? What about the impact of the budget on inflation, your job, your wage, your grocery and energy bills and future interest rate rises. There's a lot to digest and some of it isn't pretty, especially with the looming impact of possible recessions in key economies overseas. And how does all this play into the MAY Federal Budget (it's not that far away!!) and the difficult financial decisions ahead for all of us. Barrenjoey Senior Economist and self-described 'budget nerd' Johnathan McMenamin and ANZ Senior Economist Felicity Emmett join Gillian to drill down into these important topics. Find out more about Gillian here.
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Let’s dive into money behaviour and why understanding it will improve your financial freedom. Sound too tricky? It’s not! Mind Over Money author Evan Lucas has done all the hard work and written an easy-to-read book to help. To give you a taste, Gillian and Evan pick apart what drives your money decisions and why your finances are intertwined with your emotions, learned behaviours and biases. Evan’s argument is - if you can understand WHY you do what you do when it comes to money and reflect on whether it’s the best decision - it’s a ticket to financial freedom. Mind Over Money describes itself as a ‘life-changing book’ - have a listen as Gillian finds out just what that means.
Find out more about Gillian here.
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There's a lot of gloom and doom talk surrounding the Australian and global economy right now. The Federal Treasurer Jim Chalmers has headed overseas to attend a key finance ministers' meeting to get more information about what's going on while the International Monetary Fund has released its latest updates on what we're facing. But there's more to this story. As the ANZ Chief Executive says, Australians have never been wealthier, never had more liquid assets, never been healthier or more employed. This episode Gillian gets to the bottom of what's going on and if a Recession is on the cards, with the help of Barrenjoey Chief Economist Jo Masters and ANZ Senior Economist Catherine Birch. And find out what ELSE the Reserve Bank does besides hike interest rates. Find out more about Gillian here.
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We’ve had a smaller interest rate hike from the RBA but don’t let that fool you - the hiking cycle is NOT OVER YET. Despite 6 rises in a row, inflation is still way too high. We’ve got the latest figures on the cost of your groceries and when prices may start to budge. Plus which supply chains are starting to improve and how that’s impacting those building homes. We dive into the real reason house prices are falling and what it means for owners and buyers. And get ready for the October Federal Budget - why is there so much talk right now about taxes. Bank of Queensland Chief Economist Peter Munckton and CommBank Senior Economist Kristina Clifton join Gillian to explain. Find out more about Gillian here.
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We're living longer but are you prepared for what that might look like if you lose your capacity to make decisions for example through a condition such as dementia or an accident? What about if it happens to your loved ones? That's where Power of Attorney comes in. This episode we take a look at what it is, how it works, legally and the best person to choose to make your financial and life decisions. Plus how it can go wrong and what to do to avoid conflict. Don't think this is just an OLD PERSON issue - anything could happen to you at any time. Whoa let's not scare each other but it's good to be informed as no one wants to end up in unnecessary financial strife. Anna Hacker, General Manager - Estate Planning at Australian Unity and Anita Bartfeld, Barrister - Victorian Bar join Gillian to explain.
Links to websites mentioned in the episode:
Office of the public advocate (OPA) https://www.publicadvocate.vic.gov.au/
Civil and administrative tribunals:
- NCAT: https://www.ncat.nsw.gov.au/
- VCAT: https://www.vcat.vic.gov.au/
- QCAT: https://www.qcat.qld.gov.au/
- WA SAT: https://www.sat.justice.wa.gov.au/
- TASCAT: https://tascat.tas.gov.au/
- SACAT: https://www.sacat.sa.gov.au/
- ACAT: https://www.acat.act.gov.au/
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We're living longer but are you prepared for what that might look like if you lose your capacity to make decisions for example through a condition such as dementia or an accident? What about if it happens to your loved ones? That's where Power of Attorney comes in. This episode we take a look at what it is, how it works, legally and the best person to choose to make your financial and life decisions. Plus how it can go wrong and what to do to avoid conflict. Don't think this is just an OLD PERSON issue - anything could happen to you at any time. Whoa let's not scare each other but it's good to be informed as no one wants to end up in unnecessary financial strife. Anna Hacker, General Manager - Estate Planning at Australian Unity and Anita Bartfeld, Barrister - Victorian Bar join Gillian to explain.
Links to websites mentioned in the episode:
Office of the public advocate (OPA) https://www.publicadvocate.vic.gov.au/
Civil and administrative tribunals:
- NCAT: https://www.ncat.nsw.gov.au/
- VCAT: https://www.vcat.vic.gov.au/
- QCAT: https://www.qcat.qld.gov.au/
- WA SAT: https://www.sat.justice.wa.gov.au/
- TASCAT: https://tascat.tas.gov.au/
- SACAT: https://www.sacat.sa.gov.au/
- ACAT: https://www.acat.act.gov.au/
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Want to know what the vibe is with the Australian economy right now? This is the episode for you. We pick apart the recent economic news and data and the latest speeches and comments from the Reserve Bank Governor and Deputy Governor and give you the ANSWER. Plus should we be worried the RBA is in 'negative equity' - heck what does that even mean? We check in on the latest on inflation, Australia's population, the childcare price inquiry AND are you ready for the cut in the fuel excise to end? What's coming to a bowser near you. CommBank Senior Economist Belinda Allen and Impact Economics Lead Economist Angela Jackson join Gillian for this jam packed chat. Find out more about Gillian here.
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Do you have a link in the bio of your social media accounts? Here's my instagram if you want to know I mean. Ever wondered about one of the main companies behind it? LinkTree - is the brainchild of Australians Anthony Zaccaria, Alex Zaccaria and Nick Humphreys. Founded in 2016, and the first of its kind, Linktree is now utilised by more than 25 million users globally including TikTok, Selena Gomez, Red Bull, Alicia Keys, Facebook, the Los Angeles Clippers, Jessica Alba, Comedy Central and HBO. When your life online can be fragmented, think of LinkTree as a link that does it all. So how did it all come about? What's it like being an Aussie extrepreneur on a global stage? How about being known as a social media tech start-up 'unicorn'? This episode we pick the brain of LinkTree Co-Founder Anthony Zaccaria. There are tips for wanna-be entrepreneurs, what to do if you have a GREAT IDEA, how to find the right people to learn from, using your profit to grow the business, surprises and the biggest challenge of all - REDUNDANCIES. It's a must-listen. Click here for Gillian's LinkTree.
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Five months in a row of hikes - you feeling it yet and what's ahead? If you're a mortgage holder - listen up - it's not about you! Want to find out WHY?! Listen to this episode of Making Money Easy. We've also got the latest on how the hikes are impacting inflation and when you'll start to notice a difference on prices. Plus there's been a Jobs Summit in Canberra - hosted by the new Albanese Labor Government. There are some solid actions that will impact YOU, your children, your siblings, your friends, your colleagues - find out HOW. This is a must-listen episode too on why it's worth reporting gender pay gaps - we wonder what Federal Parliament's will look like?! Our brains this episode - Stephen Koukoulas, Managing Director at Market Economics and Adelaide Timbrell - Senior Economist at ANZ Bank. Find out more about Gillian here.
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When did you learn what you know about money? How did you learn the basics and from WHO? Is the knowledge you have - any good? For many Australians - particularly teenage girls and young women - they leave home with no idea how to manage their money. This episode we meet Michelle Bowes - a personal finance writer. She’s written a book for teenage girls called MONEY QUEENS. It’s ‘full of tips and tools to help you avoid the gaps, traps and mishaps of money management.’ Among the useful topics: saving, budgeting, credit cards, BNPL, super and investing. Listen along as Gillian and Michelle take you on a learning journey. To find out more about Money Queens click here - it’s a great read (even for parents!) Find out more about Gillian here.
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The RBA rate rises and your bank passing them on, have been coming thick and fast. This episode of Making Money Easy dives into what the increases mean for your repayments, what a 'good rate' looks like in August 2022, how to get a good deal, the cost of loyalty (or laziness), the latest forecasts on what the Reserve Bank will do next and what's ahead for HOUSE PRICES (it'll shock you). Plus, how mortgage holders who managed to nab a low fixed rate during the pandemic can make sure they're not getting short-changed when it expires. There's a lot packed into 30 minutes! RateCity Research Director Sally Tindall joins Gillian to explain. Find out more about Gillian here.
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Residential vs commercial property. How much do you know about how it all works? Which one is BETTER? There are plenty of people who want to increase their cash flow in the face of rising interest rates and inflation but don't know how to get ahead. Positive gearing vs negative gearing? Know the difference and how to make it work for you? What about future proofing your portfolio - heck how do you even get a portfolio?! This episode's guests say there ARE opportunities in this current environment and the key is EDUCATION (and unlearning some habits). On one side is Helen Tarrant - a commercial property buyer's agent and founder of Unikorn which she set up to educate and enable everyday Australians to build passive income and increase cashflow through commercial property. On the other is Lloyd Edge - a residential buyer’s agent and the Founder of Aus Property Professionals. This explainer will really get you thinking about the property market. Find out more about Helen and her resources here. You can find links to Lloyd's books 'Positively Geared' and 'Buy Now' through his company's website. Find out more about Gillian here.
FOR CONTEXT: this episode was recorded on the morning of the July rate rate.
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Consumers are funny. Their confidence levels are like we're in a recession and yet they're still spending up a storm despite the fourth interest rate hike in a row. So what does the Reserve Bank think about the behaviour, especially as it tries with all its might to bring down soaring inflation? And how bad is the financial 'stress' at the moment (remember unemployment is at record lows). Plus the latest productivity snapshot is out ...how do you think Australians have been performing? We dive into the result and what's holding us back. St George Bank Chief Economist Best Deda and Barrenjoey Senior Economist Johnathan McMenamin join Gillian for this insightful discussion. Find out more about Gillian here.
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Inflation is so hot right now. The rise in June 2022 is the second highest since the introduction of the Goods and Services Tax (GST) in July 2000. Ouch. The latest CPI shows the price of goods is rising more strongly than services - so you'll definitely be noticing it in your food bill, your essentials. This episode we pick apart the rises, the impact, and what's ahead for YOU. Plus - the Federal Treasurer has updated Australians about the state of the economy ...and he paints a 'confronting' picture. And as the Reserve Bank prepares for another interest rate decision, we look at what the pending review of the organisation will look like. The brains - EY Oceania Chief Economist Cherelle Murphy and Business and Economy Editor at The Conversation and Visiting Fellow at The Crawford School of Public Policy Peter Martin. Find out more about Gillian here. And apologies for Peter's DOG in the first half - it's gone by the second, so stick with us.
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Are you a sharemarket old hand or thinking about getting involved and don't know where to start. In this episode of Making Money Easy - Gillian picks the brain of Louise Bedford - a share market guru and author of FIVE books, a behavioural finance expert and trader trainer and mentor. They explore what's holding people back, the importance of education, and entry and exit plans. Plus - why you should have a trading mentor and how to work out if they're the right 'expert' helping you - qualifications matter! And before long - the chat dived in a deep chat about how people interact with money and why people make the money decisions they do. To find out more about Louise head to her website: tradinggame.com.au Find out more about Gillian here.
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What a strong unemployment result for June 2022! You're now living in a time when the unemployment rate in Australia is the best it's been since the mid-1970s. As Chief Economist - and friend of the show Jo Masters puts it - there's now 1 vacancy for every unemployed person in Australia. So why are consumers and businesses feeling so glum? The result also has some economists suggesting the RBA needs to hike BIGGER than 0.5% at the August board meeting. Gillian asks BOQ Chief Economist Peter Munckton and St. George Bank Senior Economist Jarek Kowcza if they agree. PLUS - COVID is back on the topic list. How is it impacting business again...and your ability to work? If you want to follow or find out more about the #roamingozwiththebowens road trip - click here.
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Mortgage holders have been hit with a 0.5% rate hike for the second month in a row and the RBA has suggested there are more to come. The official cash rate is sitting at 1.35% in July and those with home loans are asking - how high will it go?! Our two economists - NAB's Phin Ziebell and ANZ's Catherine Birch - have analysed every word the Reserve Bank has said about this latest decision ...and Gillian picks their brains to find out what's ahead when it comes to rates and IF raising them is actually having an impact on bringing down inflation (your cost of living). PLUS - the results of the Census are out - what does it tell us about Australia right now. Find out more about Gillian here
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Want to know what it's like to be the boss of the Commonwealth Bank? This episode, Gillian drills down into the issues coming across CEO Matt Comyn's desk, how he stays in touch with customers, pending rate rises, inflation, climate change, gender equality and everything in between. Plus - his path to CEO after starting at the bank in his early 20s, mentors, what makes him tick and how it's important to always keep learning.
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The end of the financial year is upon us ...so we've got the Australian Tax Office and a whizz accountant on the show to let Gillian pick their brains - they even quiz each other! The result? A really informative, but entertaining chat about tax time. We dive into what the ATO is focusing on this year, how to present your receipts/documents if you're using an accountant and the do's and don'ts of cryptocurrency - you DEFINITELY want to hear that bit. And find out what Helen wants to know from Tim (it's a grey area). The brains: ATO Assistant Commissioner Tim Loh and Tax Accountant (the tax mermaid) Helen Francis. Find out more about Gillian here. And please rate, review and share the podcast.
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Petrol, electricity, gas ...now FOOD. There's certainly a lot of pressure on household budgets at the moment. This episode dives into WHY food in Australia ..and globally ...is so pricey, how LONG it'll last and what the future holds - particularly when it comes to fossil fuels. It's a complex 'perfect storm' and includes several factors many people aren't thinking about when they get to the checkout and see their grocery bill. Professor Damien Field from the University of Sydney and Ash Salardini, the Chief Economist at the National Farmers' Federation explain to Gillian what's going on. And we promise - there ARE SOME POSITIVES ahead. Find out more about Gillian here. And don't forget to FOLLOW, RATE and REVIEW the pod in your pod app and SHARE it, so others can join in too.
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Whoa that was a shock! An RBA rate hike of 0.5% in June. Even the economists are shocked! This episode looks at the Reserve Bank's game plan - to fight inflation because it doesn't want it to get out of control. But there's a fall out - we dive into what that looks like. And we've got the latest forecasts on what the RBA will do next. Plus - how many of us are actually in mortgage stress and is a 'Recession' on the cards - we break down some myths. Also - did the nation's Energy Ministers come up with a plan to help surging power bills? Barrenjoey Chief Economist Jo Masters and CommBank Senior Economist Belinda Allen join Gillian to discuss. Find out more about Gillian here. And don't forget to FOLLOW, RATE and REVIEW the pod in your pod app.
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Worried about your electricity and gas bills? Keen to understand what's ACTUALLY driving the price rises and what can be done? THIS is the episode for you. My economists break down what's going on and bust MYTHS along the way (including from politicians and the role of renewables). We also dive into what the new Albanese ministry means for the government's priorities and read the tea leaves from the latest economic growth data. Plus heard of 'wellbeing economics'? Why it's the new way forward and how it hopefully should change everything. Independent Economist and Climate Council Councillor Nicki Hutley and Senior Economist at Barrenjoey Johnathan McMenamin join Gillian in this INSIGHTFUL episode. Find out more about Gillian here.
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Anthony Albanese and the Labor Party have won government meaning a whole bunch of new policies and priorities are coming your way. This episode dives into what households, businesses, workers, the nation ..can expect over the short to medium term. And our experts have a personal insight into what transition to government looks like - it's NOT to be missed. Plus why what you throw on the BBQ could end up looking VERY different. Impact Economics Lead Economist Angela Jackson and Economy Editor at The Conservation and Visiting Fellow at the Crawford School of Public Policy Peter Martin join Gillian for this entertaining and educational chat. Find out more about Gillian here.
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The latest round of data impacting the Reserve Bank Board's next rate rise decision is out. This episode helps you understand how it's all connected and explains why it will contribute to the RBA lifting the official cash rate again in June. Plus my economists think your wage situation is BETTER than the official figure - find out why. And what is needed to help the Federal Budget get back into shape now we have a new government getting back to work. RBC Chief Economist Su-Lin Ong and CommBank Chief Economist Stephen Halmarick join Gillian to explain. More about Gillian here.
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We've talked about ETFs a lot throughout this podcast series that we thought it was time to dedicate a WHOLE episode to understanding exchange-traded funds and how they work. And with more and more Australians getting involved - particularly during the pandemic - we wanted to know what all the fuss is about. Anything we talk about in this episode is GENERAL and not about your individual circumstances. It's about getting an understanding and NOT giving financial advice. BetaShares Co-Founder and Chief Commercial Officer Ilan Israelstam and Assistant Portfolio Manager Jessica Leung join Gillian to explain the world of ETFs. BetaShares Education ASX EFTs Course Find out more about Gillian here.
Australia no longer has a record low cash rate - 0.1% is no more. The Reserve Bank has lifted interest rates for the first time since November 2010 and this is JUST the beginning. BUT DON'T PANIC. We pick apart the RBA's Governor explanation for rising in May when it wasn't so long ago he was suggesting a cash rate hike wouldn't come until 2024. We also look at what's ahead, the impact on your mortgage and your ability to cope, what to do if you're worried PLUS what consumers are up to and what's happening with new lending. And how to tell if mortgage stress is on the rise. Market Economics Managing Director Stephen Koukoulas and Senior Economist Adelaide Timbrell join Gillian for a jam packed episode. Find out more about Gillian here.
Cost of living is expensive right now, particularly the essentials - the latest CPI data was a bit of a shock. We take a look at what's rising the most, what's driving it and what is about to be done to help. If the idea of an RBA interest rate rise and it helping with rising inflation is hurting your brain - this is the episode for you. Plus there are some positives from a cash rate hike. Peter Munckton, Chief Economist at Bank of Queensland, and Matthew Bunny, Economist at Westpac Group join Gillian to explain. More about Gillian here. Other useful episodes if you're feeling overwhelmed:The Joy of Money What's your 'money story'? Why you should lose your credit card every year? The Circular Economy - and the cash hiding in your home
Climate Change - it can feel overwhelming. What does Net Zero by 2050 mean for Australia, our economy, the businesses that operate here and the people who live here? Who is taking action? How can individuals get involved? How much time do we have - this episode's experts have a confronting message on that. We're also in the middle of an election campaign - so what role is politics playing. There's plenty to learn in this episode on a topic that impacts us all. Emma Herd - a partner EY Oceania, working on climate change and sustainability and Mathew Nelson - EY Oceania Chief Sustainability Officer join Gillian to explain. Find out more about Gillian here.
WARNING: This episode deals with domestic abuse and family violence. Have you heard of financial abuse? Do you know what it is? Have you experienced it? Could you recognise it and then know how to intervene? It's a problem in Australia and there's a lot of work being done to help. There's now research revealing the enormous impact of financial abuse in this country. In 2020, more than 623,100 women and men were subjected to financial abuse in Australia. The cost is staggering. Research by Deloitte, and commissioned by CBA, shows the direct cost to victims is $5.7 billion, with an estimated additional cost to the broader Australian economy of $5.2 billion. To find out more, Gillian spoke with anti-violence advocate, writer, lawyer and podcast host Tarang Chawla and Moo Baulch, a violence prevention and gender equality advocate, who advisers CBA on Next Chapter. Here are some useful links: CBA's Next Chapter 1800RESPECT - National Sexual Assault, Domestic Family Violence Counselling Service (1800 737 732) Men's Referral Service There's No Place Like Home Podcast Lifeline In an emergency, always call the police on 000. Find out more about Gillian here.
Get ready for a lot of campaigning about the economy as both sides of politics claim to be the best economic manager. But what makes a good economic manager? And where do our politicians stand on some of the other major issues - cost of living and housing supply. Plus - there's been a very interesting Reserve Bank Board meeting about interest rates. Find out why the RBA has lost its patience. Peter Tulip, Chief Economist at the Centre for Independent Studies and Felicity Emmett, ANZ Senior Economist join Gillian to discuss. Find out more about Gillian here.
Want to know what's in the Federal budget for you? Is the proposed economic plan a good one? What about the impact of the pending election and whether any of the Cost of Living measures will make it into your hip pocket. The Opposition has unveiled part of its plan - how does that fit in? Cherelle Murphy - Chief Economist at EY, and Matthew Bunny - Economist at the Westpac Group join Gillian to break it all down to tell consumers how they benefit. Find out more about Gillian here.
Do you know what the money in your bank account or super is being used for? Any idea what it's invested in? Fossil fuel or tobacco industries? Is it in-line with your ethics? Um ethics - what are your ethics?! Author and Journalist Nicole Haddow joins Gillian to talk about her latest book - The Ethical Investor. She wanted to put her money where her ethics were but had no idea where to start. This episode gets the brain going. Find out more about Gillian here.
Unemployment in Australia is the best it's been in years but consumers are still feeling glum. This episode we look at what the latest jobs numbers mean, why wages growth hasn't caught up yet and PLENTY of ideas for government on how to ease the rising cost of living. Plus - did you know women over 55 are the fastest growing cohort of homeless Australians? Find out why and what can be done to help. Angela Jackson from Impact Economics and Johnathan McMenamin, Senior Economist at EY join Gillian to explain. Gillian on Instagram, Gillian on LinkedIn, Gillian on Twitter, email: makingmoneyeasy2021@outlook.com
In the spirit of International Women's Day, Gillian talks to two experts helping women get 'money savvy'. From simple money saving ideas, and financial goals, to handling debt and learning to invest - this episode has a taste of everything. There's even a whole group dedicated to this sort of stuff - Ladies Finance Club! Molly Benjamin and Lexi Smith join Gillian for this important but FUN episode. (This episode discusses financial ideas, but you should always get your own financial advice and make decisions that are right for your individual circumstances) Gillian on Insta Gillian on LinkedIn Email: makingmoneyeasy2021@outlook.com But there's plenty for everyone on this episode
There's a LOT going on right now. Fighting between Russian and Ukrainian troops in Ukraine, two Australian states are in the grips of a weather emergency, we're bracing for rising interest rates and WA has finally rejoined the rest of the country. So what's the impact on the economy, and your hip pocket. And are there any solutions to rising prices? Plus, a glimmer of hope on house prices. CBA Chief Economist Stephen Halmarick and RBC Capital Markets Chief Economist Su-Lin Ong join Gillian to explain. Gillian on LinkedIn Gillian on Insta Gillian on Twitter Email: makingmoneyeasy2021@outlook.com
It's YOUR money - that's the theme of this episode. Do you know what unclaimed money is, if you're entitled to any or HOW to get it back? What about a refund for junk insurance or pointless fees? And are you paying for so many subscriptions you can no longer keep up - losing your credit card certainly puts a spotlight on that! Joel Gibson from One Big Switch and John Rolfe - former Cost of Living Editor and Public Defender Columnist at The Daily Telegraph join Gillian to talk practical steps for consumers getting back their coin. https://moneysmart.gov.au/find-unclaimed-money https://www.ato.gov.au/forms/searching-for-lost-super/ Gillian on LinkedIn Gillian on Insta Gillian on Twitter RATE THE POD
There's a rental squeeze - good for some, but HARD for others. We brainstorm solutions. And what role will a housing shortfall play in attracting overseas workers - we need them! Plus - how the economy handled 450,000 workers spending the week at home because of Omicron. Phil Zinbell - Associate Director, Economics at NAB and Belinda Allen - Senior Economist at the Commonwealth Bank join Gillian to explain. Join the conversation by finding Gillian on Twitter, Gillian on Instagram or Gillian on LinkedIn Email: makingmoneyeasy2021@outlook.com
There are two sides to managing your money - just like there are two sides to a $100 note - a practical and EMOTIONAL side. That's the message from my experts this week. And to understand the emotional - you need to understand the foundations of your relationship with money. Now that sounds BRAIN EXPANDING. It is! We dive into when your 'money story' is created, how it impacts your money decisions and some steps you could take to prevent a negative 'money story' from continuing to haunt you. 'Women Talking Finance' creator and Money Coach Karen Eley and Saxo Bank's David Harvie (a champion of financial wellness) join Gillian to explain. Gillian on LinkedIn Gillian on Instagram Gillian on Twitter email: makingmoneyeasy2021@outlook.com And what's DadBodz - click here
More than 1.1 million Australian households have never experienced a cash rate hike - wow! But after more than 11 years of the Reserve Bank cutting rates, rises are finally coming. How do we know? It's all in what the RBA is now saying and it's sure been doing a lot of talking. ANZ Senior Economist Adelaide Timbrell and St. George Bank Economist Matthew Bunny join Gillian to look at how it'll impact people and the economy. Gillian on Instagram Gillian on LinkedIn Gillian on Twitter Email: makingmoneyeasy2021@outlook.com
The economists are back! Interest rates are top of the agenda - and why your goods and services getting more expensive will see them rise. Plus ...why rising, rather than falling, interest rates 'is a good news story'.Huh?! EY Chief Economist Jo Masters and Market Economics Managing Director Stephen Koukoulas join Gillian, to break it all down.Gillian on Instagram Gillian on LinkedIn Gillian on Twitter Email: makingmoneyeasy2021@outlook.com
Have you thought much about what happens when you die?Are you prepared financially?Do you have a will ...and what happens when you don't?And if you THINK you're prepared ...when was the last time you checked if your plan for when you die still works (i.e. is your EX still getting all your stuff?!)This episode is a taste of what's involved in planning for your death - morbid but inevitable.The experts: Anna Hacker, National Manager, Estate PlanningAustralian Unity Trustees Legal ServicesandYvonne Chu – Head of Technical Services, Australian Unity AdviceAnna's PODCAST: What happens when I die? Gillian on Instagram Gillian on LinkedIn Gillian on Twitter Email: makingmoneyeasy2021@outlook.com
Have you ever wondered how you turn a random idea into a successful business? Especially one that's come to you during the pandemic? Pamela Yip and Jenny Le at Bubble Tea Club have done just that. Their story is epic and shows how you can transfer an idea developed in an Aussie lounge room into a global sensation! Bubble Tea ClubBubble Tea Club on Instagram Gillian on Instagram Gillian on Twitter Email me: makingmoneyeasy2021@outlook.com
On Making Money Easy we love practical tips so that's how we've kicked off Season 2!If you want to take charge of your financial future - this is the chat for you."The Joy Of Money" authors Kate McCallum and Julia Newbould join Gillian to explain how to do just that. Gillian on Insta Gillian on TwitterEmail me: makingmoneyeasy2021@outlook.com Julia Newbould Kate McCallum
The latest lockdown-impacted unemployment figures are out ...but there are signs the worst is behind us. So it's back to work, but in a whole new way - we explore the strategies to handle that. Plus, what's a 'pingdemic' and how Australia can avoid it. And why there may be presents missing under your Christmas Tree this year.Jo Masters, EY Chief Economist and Peter Munckton, BOQ Chief Economist, join Gillian to explain.
As risky debt increases and house prices soar, banks have been told to apply a slightly tougher test on a person's ability to afford their mortgage.But what does it mean DOLLAR-wise and WHO will be impacted the most?And will it actually take some HEAT out of the booming Australian property market.
Peter Tulip - Chief Economist at Centre for Independent Studies and Felicity Emmett - Senior Economist at ANZ join Gillian to discuss.
APRA - the banking regulator is considering what actions it can take to address the medium-term risk created as a result of surging loan sizes compared to what people earn.The changes are likely to cool property prices.So how will this all work and who might be impacted?
ANZ Senior Economist Adelaide Timbrell and NAB'S Agribusiness Economist Phin Ziebell join Gillian to discuss.
And Phin's audio gets much better in the second half - we promise, so stick with us.
We've never done so much online shopping or had access to such low mortgage rates while others have lost jobs for the first time in their lives and are now receiving government benefits.So how are people paying the bills and what happens when they can't.Plus, the push to protect vulnerable consumers from getting too many Buy Now, Pay Later accounts.
Deb Shroot, a Financial Counsellor at the National Debt Helpline and Sally Tindall, RateCity Research Director, join Gillian to explain.
If you're experiencing mortgage stress, seek support now - call 1800 007 007 or visit http://ndh.org.au for free financial counselling.
If there's one thing we can rely on during a pandemic, it's its ability to through a spanner in the works when it comes to data. The jobs figures for August tell a big story - but you've got to look under the bonnet. Almost 150,000 people lost work ...while heaps chose to stop looking at all ...and those that still 'have' jobs saw their hours plummet.
Plus - how important is the pension, and is the GST about to rise?
Leonora Risse, RMIT University Senior Economics Lecturer and Stephen Koukoulas, Market Economics Managing Director, join Gillian to discuss.
As lockdown drags on, plenty were wondering if the current performance of the economy was enough to make the RBA do more to help us cope … so did they?Yes and no … our economists explain.Plus, how stopping violence against women also makes sense for the economy.And where would you go with your vaccine passport.
Angela Jackson, Lead Economist at Equity Economics and Matthew Bunny, Economist at St.George Bank join Gillian to discuss.
The latest economic growth figures are out and they show the economy expanded in the second quarter BUT there's a caveat - they only take in a TINY bit of the latest lockdowns. In this episode we dive into how the data works, what to expect from the data next time around, and what IS a 'technical recession' and why we should throw the description in the bin.
Su-Lin Ong, Chief Economist at RBC Capital Markets and Stephen Halmarick, Chief Economist at the Commonwealth Bank, join Gillian to expand her brain, and yours.
Australians are setting a rapid pace to get the jab but how will our economy go when 80 per cent of us are protected? And what happens if we don't get there? Plus - how on earth could house prices be STILL RISING? And the benefits of a construction pipeline.
Kristina Clifton, Senior Economist at the Commonwealth Bank and Peter Munckton, Chief Economist at BOQ join Gillian to expand her brain, and yours.
Pre-loved couches, old dining sets, clothes, tools...Online marketplaces are full of people de-cluttering their homes.And new research shows the average Australian household has approximately $5,300 worth of items they could sell for extra cash.
But trading in the Circular Economy delivers more than a financial benefit - it's helping the planet too.
To explain HOW, Mark Kehoe, Gumtree Australia Managing Director and Nicole Garofano, Planet Ark Head of Circular Economy Development join Gillian to expand her brain, and yours.
Cryptocurrency - everyone seems to be talking about it these days - particularly when Telsa CEO Elon Musk decides to TWEET about it.Bitcoin, blockchain technology, digital assets... What are all those things, how do they work and can you use your digital currency to buy your groceries?Plus, what in the world is a CryptoKitty?!Joni Pirovich, Founder of Blockchain and Digital Assets and Ben Nash, Advisor and Founder of Pivot Wealth join Gillian to expand her brain, and yours.Joni's company Blockchain and Digital Assets can be found here: https://blockchainanddigitalassets.com/Ben's company Pivot Wealth can be found here: www.pivotwealth.com.auBen has a podcast called "How to be Successful with Money" and he also has spoken to Joni on there. You can find that episode on the links below:AppleSpotifyStitcherPodbean
Our political leaders have agreed to COVID-19 vaccine targets to end lockdowns and start to reopen.So what about the data this 'roadmap' is based on. Do the numbers stack up?Plus, why it's so hard being a first-home buyer at the moment...and which loan holders are breaking records.
Looking at this and more with Gillian is Besa Deda, Chief Economist at Westpac Business Bank and Adelaide Timbrell, an economist at ANZ Bank.
Our economists and politicians have never spent so much time re-crunching already crunched numbers.Has the rule book on how economics works been thrown out the window?We dive into the latest cost of living data, what the Reserve Bank is re-thinking ahead of the August board meeting and is there a way to use your fruit and veggie bill to get a pay rise?
Belinda Allen, Senior Economist at the Commonwealth Bank and Phin Ziebell from the Economics team at National Australia Bank, join Gillian to discuss.
When was the last time you checked your superannuation balance?How do you tell a decent fund from a bad one?When it comes to retirement, do you know how to pay out your funds to live a good life?Plus ...the 4 tips to ensure your super works for YOU.We answer all that AND MORE.
Ian Fryer, Chant West General Manager and Paul Versteege, Combined Pensioners and Superannuants Association Policy Manager join Gillian to discuss.
Their websites:
chantwest.com.au
cpsa.org.au
Did you know the amount of annual leave Australian workers now have due is at record high? (A combined 174.9 million days!!)There's actually a real economic benefit from having a break.
Plus, what's economic 'scarring'? And do the latest unemployment figures show any signs of it?
Jo Masters, Ernst & Young Oceania Chief Economist and Gareth Spence, NAB Senior Economist join Gillian to discuss.
The RBA has revealed its plans to keep supporting the Australian economy through the pandemic and even took questions about it! So how will it support YOU and what does it mean for your interest rate.
Plus, why can’t I find a builder?
Felicity Emmett, ANZ Senior Economist and Peter Tulip, Chief Economist at Centre for Independent Studies join Gillian to discuss.
A lot of Australia is in lockdown again, so how will it affect business?
Also, what is the Intergenerational Report? Why is it important? What does our economic future really look like?
Julie Toth , Australian Industry Group Chief Economist and Peter Martin, a Visiting Fellow at the Crawford School of Public Policy at the Australian National University (also a former Commonwealth Treasury Official) join Gillian to discuss.
Finance Reporter Gillian Bowen is joined by ATO Assistant Commissioner Tim Loh and Tax Accountant Helen Francis to talk all things tax.What you can/can’t claim after a year of working from home.We reveal what the ATO is cracking down on this year …and the worst attempts at a rort.Plus, have you heard of an ATO ‘nudge’?
The number Tim mentioned for reporting scams: 1800 008 540
If you are fired up for more tax talk after listening to this pod, you can check out the ATO's own podcast, Tax inVoice, wherever you listen to podcasts or here:https://www.ato.gov.au/media-centre/video-and-audio-files/ato-podcast---tax-invoice
You can check out Helen's firm here: https://www.tyfrancis.com.au/
On Episode 3 Gillian is joined by Su-Lin Ong, Chief Economist at RBC Capital Markets and Stephen Halmarick, Chief Economist at The Commonwealth Bank. Topics include: Jobs numbers, the Australian housing market and favourite biscuits.
To get in contact with Making Money Easy send emails to makingmoneyeasy2021@outlook.com
Join 10 News First Finance Reporter Gillian Bowen as she tries to make the world of finance and the economy, easier to understand. She's joined by Stephen Koukoulas, Market Economics Managing Director and Simon Cowan, Research Director at the Centre for Independent Studies.
Topics include: Surging job vacancies and how it could help you get a pay rise!What's behind more Australians working a second job, and the risky loans that have caught the eye of the Banking Watchdog.
To get in contact with Making Money Easy send emails to makingmoneyeasy2021@outlook.com
Join 10 News First Finance Reporter Gillian Bowen as she tries to make the world of finance and the economy, easier to understand. On Episode 1 Gillian is joined by EY Oceania Chief Economist Jo Masters and Commonwealth Bank Senior Economist Belinda Allen. Topics include: COVID lockdowns, why is the Australian economy growing, and how inflation can impact your pay and mortgage.
To get in contact with Making Money Easy send emails to makingmoneyeasy2021@outlook.com
What's going on with the economy right now because of COVID-19 can be a little overwhelming.
Better the devil you know, than the devil you don't so 10 News First Finance Reporter Gillian Bowen has picked the brains of two economists to explain how the pandemic's tentacles are impacting your hip pocket.
Su-Lin Ong, Chief Economist at RBC Capital Markets and Stephen Halmarick, Chief Economist at the Commonwealth Bank join Gillian to unpack the state of play.