Author: Riches Editor

As we bid farewell to 2023 and welcome 2024, it’s a perfect time to reflect on our progress, reassess our goals, and plan for the year ahead. Whether you’re sharing finances with a partner or not, setting practical goals in various life areas – Fitness, Family, Fun, and Finances – is the key to personal growth and fulfillment. The year that was 2023 had its share of challenges, notably the rising cost of living and increased interest rates. Many of us grappled with these economic pressures, striving to make ends meet and adapting to changing circumstances. How did this situation…

Despite the cost of living and interest rate realities, many Aussies will find that 2024 brings new financial opportunities. As pay rises and job changes deliver higher incomes, it’s crucial to make smart choices with your new take home pay. These choices can pave the way for real progress rather than being absorbed by unintentional spending. The concept of lifestyle inflation is worth exploring. It can either be a stumbling block or a stepping stone towards a brighter financial future. What is Lifestyle Inflation? Lifestyle inflation is falling into the pattern of increased spending as your income rises. Picture this:…