217. Curing the New Year overspending hangover
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew tackle the all-too-familiar January reality: opening that credit card statement after the festive season. They share practical strategies for dealing with post-Christmas debt without shame, from conducting a quick 30-minute spending reset to cutting invisible aftershocks like forgotten subscriptions. You'll learn why paying off debt trumps preserving savings balances, how to triage expenses without raiding long-term investments, and the simple math behind building a December buffer. ...
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216. Renovate or Relocate - The Financial Equation Behind the Decision
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, Billy and Andrew share their real-time experience navigating whether to renovate the family home or relocate. We break down the financial equation behind this major decision, covering the hidden costs most people underestimate and the equity considerations that could save you tens of thousands. We also walk through the all-in costs of both options—from stamp duty and agent fees to construction delays and builder insolvencies. We explore why transaction costs are "sunk costs" that create zero equity, how...
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215. The Hidden Costs of Raising Children
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down the real costs of raising children and share practical strategies to balance your kids' opportunities with your own financial security. Drawing from our experience advising families navigating these decisions, we discuss private school alternatives, the danger of over-committing even on high incomes, and why teaching your kids about money matters more than any deposit you give them. Tune in to discover how to future-proof your family's finances without sacrificing your own wealth goals. -...
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214. Difference Between Offset and Redraw Accounts
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we tackle one of the most common questions we receive: what's the difference between offset and redraw accounts? While both reduce the interest you pay on your mortgage, understanding the crucial differences could save you significant money down the track. In this episode, we break down how each account works, explain why your repayments stay the same even with money in offset, and reveal the critical tax implications that catch homeowners off guard when their circumstances change. Using real-world...
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213. The Power of Catch Up Super Contributions
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down catch-up concessional contributions—a government initiative that lets you maximize unused super contribution caps from the past five years. Perfect for anyone who's taken a career break, sold an investment property, or simply wants to optimize their tax position. We show you how to turn a capital gain windfall into retirement wealth at just 15% tax instead of your marginal rate. We explain why timing matters, how to track your unused caps on MyGov, and the critical mistakes that can cost...
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212. How to Protect Your Family’s Future Without Overpaying for Insurance
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we reveal how to find the sweet spot: protecting your family adequately without draining your finances. Drawing from years of reviewing client insurance policies, we expose the most common mistakes—from relying solely on inadequate default super cover to over-insuring for circumstances that no longer apply. You'll discover how insurance needs evolve with life stages, how to structure policies tax-efficiently, and practical strategies to reduce premiums without sacrificing protection. Whether you're just...
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211. Retirement Planning Has Changed - Why 60 Is the New 50
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we challenge everything you thought you knew about retirement planning. With Australians now living 25-30 years in retirement instead of 10-15, the old model of "save a lump sum and make it last" is dangerously outdated. We explore why income sufficiency matters more than capital targets, how to structure your drawdown across different lifestyle phases, and why superannuation's tax advantages completely change the game. From bucketing strategies to protect against volatility, to the 4% rule and sequencing...
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210. Market Wrap
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we cut through the noise to explain what's really driving global investment markets. We break down why US markets surged 3.2% despite mixed signals, what inflation trends mean for your money, and why Australian rate cuts aren't coming anytime soon. You'll understand the disconnect between strong corporate earnings and economic uncertainty, plus discover what China's growth and rare earth deals mean for Australian investors. Tune in to get the clarity you need to make smarter investment decisions. - This...
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209. The Power of Compounding - Why Starting Now Beats Starting Big
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down how compounding really works, using real examples to show why starting early matters more than starting big. We explain the Rule of 72, share Warren Buffett's wealth story, and discuss why most people struggle to grasp how powerful compounding can be. We also cover the psychology behind delaying investment, the importance of dividend reinvestment, and why superannuation works so well as a compounding vehicle. Listen to this episode to understand why the best time to start investing was...
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208. How do you manage upsizing your family home
360 Money Matters
Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down the mechanics of upsizing your family home. We walk through the classic dilemma of whether to buy first or sell first, exploring the pressures that come with each approach. We cover bridging loans, equity releases, matching settlement dates, and the hidden costs most people don't anticipate. We also discuss how to fund the gap between properties, what happens when you need to service two mortgages at once, and practical strategies like converting your current home to an investment property or...
info_outlineWelcome back to another episode of the 360 Money Matter Podcast! In the previous episode, we gave you updates on the investment market and the factors affecting it.
In this episode, we’ll be sharing proven strategies to help you develop your cash flow management and budget strategy skills. It all begins with being realistic about your financial situation and expectations. From there, you’ll be able to clearly see your income and expenses and reflect on how you can improve the way you handle your finances. We will talk about strategies such as setting a realistic budget, the bucketing strategy, reviewing and improving your structures and many more. These are all to help you become more confident with your money management.
This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
- The factors affecting the increase in cost of living
- The gateway to wealth creation
- Setting a realistic budget
- The bucketing strategy
- 2 Key buckets that you should have in your cash flow strategy
- Keeping your expenditure in line with your income increase
- How often you should review your structure
- Becoming more confident with your money management
- Things to do to help maximize your budget and cash flow
- Budget Fatigue
- Separate Savings account
- Finding the balance between budgeting and living
Connect with Billy and Andrew!
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