There are ways to have a memorable holiday without ruining your savings or breaking the bank, as your financial planning Melbourne team will tell you! Our day-to-day budgets are under pressure from the rising cost of living, especially when it comes to airfares and accommodation. The price of airfares has fallen from its historic peak in early 2023. There is still a high demand for accommodations, and the prices are also high. Here are some tips to help you keep your travel costs low if you want to go away on a holiday but don't want to break the bank. Make the most of your savings by planning ahead and asking your financial planning Melbourne team to assist. Even though it can be fun to head out on a whim, spontaneous travel can be expensive. International travel is best booked 22 weeks in advance according to Skyscanner's data. However, this varies by city. The best bargains for domestic travel can also be found 21 weeks in advance if you plan well. Different destination
Another financial year is upon us, and it's a smart time investment to go ahead and start considering how you're going to prepare your taxes. We have a few tips for you that, if completed by June 30, will help you with your 2021 taxes. Here are a few helpful ways to prepare: Getting your paperwork organised in advance, prepaying some expenses for the new year, and budgeting your expenses for the next year. Organising paperwork When you arrive at tax time, having organised paperwork alleviates a lot of the stress you could feel. Having everything you will need will also help ensure you make the most of your possibly deductions. Sydney financial planners suggest having: • All records and receipts. • Your tax return from last year. • Records of income or purchases of shares, property, or business. • Document proving health insurance. • If married, your spouse's details. • If you have children, their details (including date of birth). • Records of the following incomes: paymen