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If your partner puts away groceries like this it might be time to rethink

<p>How someone puts away their groceries and where can tell you things about that person.</p> <p>A man has shared the quirky way his girlfriend packs the groceries away.</p> <p>He shared the photo to Reddit, saying "The way my girlfriend 'puts away the groceries' is still in the bag."</p> <p><img style="width: 0px; height:0px;" src="https://oversixtydev.blob.core.windows.net/media/7838061/groceries.jpg" alt="" data-udi="umb://media/5ee21ede4bce40f8bc726973dcf88705" /></p> <div class="post_body_wrapper"> <div class="post_body"> <div class="body_text "> <p>Many were quick to announce their thoughts on it, with some saying it's a "dealbreaker".</p> <p>“How can a single picture make me so angry?” one person commented.</p> <p>“Honestly this would be a deal breaker for me - if you’re that lazy, our lifestyles are not compatible,” another said.</p> <p>“I’m lazy, but my mind never thought of this. This is the first time I feel like I’ve been outclassed by such a minor action,” said a third.</p> <p>“There’s no other way - you have to throw the whole girlfriend away,” replied another.</p> <p>Some were curious as to why she puts them away like that.</p> <p>“It never would have occurred to me to do this,” one person wrote.</p> <p>“And now I’m scared that I’ve seen it because I can see myself doing this now that I’ve been corrupted with this knowledge.”</p> <p>“My girlfriend just said, ‘Oooh, smart!’ Oh no,” another added.</p> <p><em>Photo credits: </em><em><a rel="noopener" href="https://www.reddit.com/r/mildlyinfuriating/comments/ix5xal/the_way_my_gf_puts_away_the_groceries_still_in/" target="_blank" class="editor-rtflink">Reddit</a></em></p> </div> </div> </div>

Relationships

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If weight loss is your only goal for exercise - it’s time to rethink your priorities

<p><span style="font-weight: 400;">As an aesthetic society, we often </span><a href="https://bmcmedicine.biomedcentral.com/articles/10.1186/s12916-018-1116-5"><span style="font-weight: 400;">demonise body fat</span></a><span style="font-weight: 400;"> and stigmatise people with lots of it. There’s often an assumption that people carrying excess weight don’t exercise and must be unhealthy.</span></p> <p><span style="font-weight: 400;">But that’s not true: you can be fat </span><span style="font-weight: 400;">and</span><span style="font-weight: 400;"> fit. In fact, as we age, </span><a href="https://www.ahajournals.org/doi/10.1161/CIRCULATIONAHA.111.038422"><span style="font-weight: 400;">low levels of fitness can be more harmful to our health</span></a><span style="font-weight: 400;"> than high amounts of fat.</span></p> <p><span style="font-weight: 400;">For those considering starting exercise, try looking beyond weight loss for motivation. No matter how much you weigh, there are always benefits to exercise.</span></p> <p><span style="font-weight: 400;">Exercise actually does a </span><a href="https://www.ncbi.nlm.nih.gov/pubmed/24438736"><span style="font-weight: 400;">pretty poor job</span></a><span style="font-weight: 400;"> of getting us to expend enough excess energy to lose weight. This is partly due to a </span><a href="https://academic.oup.com/ajcn/article-abstract/110/3/583/5512180?redirectedFrom=fulltext"><span style="font-weight: 400;">compensatory effect</span></a><span style="font-weight: 400;"> of our appetite, which increases after we exercise.</span></p> <p><span style="font-weight: 400;">Exercise changes our body composition – how much fat we have as a ratio to how much lean (muscle) tissue we have – but this doesn’t always cause big changes on the scales.</span></p> <p><span style="font-weight: 400;">Here are just five ways exercise improves our health, no matter how much we weigh.</span></p> <p><strong>1. Better cardiorespiratory fitness</strong></p> <p><span style="font-weight: 400;">Cardiorespiratory fitness is a measure of how far and hard you can run without needing to stop, or how many stairs you can climb without being out of breath. Running for longer, or climbing more stairs, means you have a higher absolute cardiorespiratory fitness which cannot be improved with weight loss alone.</span></p> <p><span style="font-weight: 400;">Having a high body mass index (BMI) </span><span style="font-weight: 400;">may</span><span style="font-weight: 400;"> reduce the absolute intensity you can exercise but it doesn’t mean it is less effective.</span></p> <p><span style="font-weight: 400;">You may be able to jog between every third lamppost, for example, but not run consistently for 1 km. While it may seem the periodic jogging is not as impressive, it’s all relative to your baseline and any exercise is better than none.</span></p> <p><span style="font-weight: 400;">If you’re carrying a lot of excess weight, you might prefer non-weight bearing exercise such as swimming or cycling indoors to minimise stress on your joints – but this will depend on you and what you like doing. After all, you’re </span><a href="http://file.scirp.org/Html/5-6901353_53271.htm"><span style="font-weight: 400;">more likely to continue</span></a><span style="font-weight: 400;"> exercising if you enjoy it.</span></p> <p><span style="font-weight: 400;">If you’re thinking “but I hate running/swimming/cycling/dancing and I’d rather lift weights”, then lift weights! Although lifting weights doesn’t have the same effects as cardio training, the benefits are still as important for mobility, joint function and maintaining muscle mass as we age</span></p> <p><strong>2. Lowered risk of heart disease a.nd stroke</strong></p> <p><span style="font-weight: 400;">Exercise </span><a href="https://www.health.harvard.edu/family-health-guide/exercise-and-the-risk-of-stroke-heart-disease-the-family-healthguide"><span style="font-weight: 400;">reduces the risk</span></a><span style="font-weight: 400;"> of heart disease and stroke, even in those with a chronic disease such as diabetes, irrespective of body fatness.</span></p> <p><span style="font-weight: 400;">Regular exercise </span><a href="https://www.ncbi.nlm.nih.gov/pubmed/23494259"><span style="font-weight: 400;">helps lower</span></a><span style="font-weight: 400;"> blood pressure, improves delivery of blood throughout the body, and reduces inflammation, even in those with a high body mass index.</span></p> <p><span style="font-weight: 400;">Exercise improves our body’s ability to use energy. We store large amounts </span></p> <p><strong>3. Reducing the ‘bad’ fat</strong></p> <p><span style="font-weight: 400;">of energy as fat, which is quite hard to break down, as it costs a lot of oxygen compared to “cheaper” fuels for the body to use like glucose.</span></p> <p><span style="font-weight: 400;">But when we exercise regularly, we </span><a href="https://www.physiology.org/doi/full/10.1152/ajpendo.00355.2012"><span style="font-weight: 400;">increase our body’s ability</span></a><span style="font-weight: 400;"> to use fat as a fuel source as well as </span><a href="https://www.ncbi.nlm.nih.gov/pubmed/18272935"><span style="font-weight: 400;">requiring more energy</span></a><span style="font-weight: 400;"> at rest.</span></p> <p><span style="font-weight: 400;">This doesn’t necessarily mean more exercise equals more fat loss, but it does mean more fat turnover, and typically less fat stored in and around the organs (the “bad” visceral fat).</span></p> <p><strong>4. Mental health benefits</strong></p> <p><span style="font-weight: 400;">Research has </span><a href="https://www.thelancet.com/journals/lanpsy/article/PIIS2215-0366(18)30227-X/fulltext"><span style="font-weight: 400;">consistently shown</span></a><span style="font-weight: 400;"> that people who exercise (regardless of body size and shape) have </span><a href="https://www.karger.com/Article/Abstract/223730"><span style="font-weight: 400;">better mental health</span></a><span style="font-weight: 400;"> and lower levels of stress, depression and emotional problems.</span></p> <p><span style="font-weight: 400;">It does this via blood flow to the brain, increased release of endorphins that make us feel happy, and by helping to moderate the brain’s response to stress.</span></p> <p><span style="font-weight: 400;">Often, the hardest part is getting started with exercise or going to perform the exercise, but once you are moving the mental health benefits begin.’</span></p> <p><strong>5. Preventing weight gain</strong></p> <p><span style="font-weight: 400;">While exercise may not help us lose a lot of weight on the scales, it’s a </span><a href="https://onlinelibrary.wiley.com/doi/full/10.1002/oby.21986"><span style="font-weight: 400;">good way</span></a><span style="font-weight: 400;"> to keep weight off and prevent weight regain.</span></p> <p><span style="font-weight: 400;">Regular exercise continues to encourage the body to use stored fuels and remodel tissues (such as muscle) to grow healthier and stronger.</span></p> <p><span style="font-weight: 400;">But preventing weight regain is tough. People who have lost weight </span><a href="https://www.ncbi.nlm.nih.gov/pubmed/17909412?dopt=Abstract"><span style="font-weight: 400;">may need greater amounts of exercise</span></a><span style="font-weight: 400;"> to counteract the physiological drive to return to the heavier body weight.</span></p> <p><span style="font-weight: 400;">If you need some extra help getting started or finding a routine that suits you, talk to your GP or consider seeing an </span><a href="https://www.essa.org.au/Public/Consumer_Information/What_is_an_Accredited_Exercise_Physiologist_.aspx"><span style="font-weight: 400;">accredited exercise physiologist</span></a><span style="font-weight: 400;">.</span></p> <p><em><span style="font-weight: 400;">Written by Evelyn Parr. Republished with permission of </span><a href="https://theconversation.com/if-weight-loss-is-your-only-goal-for-exercise-its-time-to-rethink-your-priorities-120083"><span style="font-weight: 400;">The Conversation.</span></a></em></p>

Beauty & Style

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Why you should rethink inheritances

<p>Inheritances can have an enormous impact on finances and lives.</p> <p>Yet in Australia we know surprisingly little about who gets them and how big they are.</p> <p>New <a href="https://grattan.edu.au/report/generation-gap/">Grattan Institute research</a> provides some answers.</p> <p><strong>Inheritances are big and growing</strong></p> <p>A sample of estates from Victoria’s probate office suggests the median estate in Victoria is worth around AU$500,000. That’s likely to be close to what it is Australia-wide.</p> <p>But many are much larger. About 20 per cent are worth more than AU$1 million, and 7 per cent are more than AU$2 million. Property is the largest component, accounting for about half of the average value.</p> <p>The main beneficiaries of “final” estates (estates without a surviving spouse) are children, who receive about three-quarters of all inheritance money.</p> <p>Other family members, such as nieces, nephews and grandchildren, receive about 20 per cent. Friends get about 4 per cent, and charities 2 per cent.</p> <p>Average inheritances are growing about 2 percentage points faster than inflation each year, which is a good deal faster than wages or gross domestic product.</p> <p>There are reasons to believe they will soon grow even faster.</p> <p>Net wealth has grown strongly among older households. Households headed by people aged over 75 now have an average of AU$1 million in assets, up from AU$400,000 for a household headed by a person of the same age in 1994.</p> <p>And most retirees <a href="https://grattan.edu.au/report/money-in-retirement/">don’t draw down</a> on their savings.</p> <p>Indeed, many are net savers through much of their retirement, meaning there’s only one place their accumulated property and superannuation wealth can go: into bequests.</p> <p><strong>Inheritances are going to the already old…</strong></p> <p>These days, inheritances generally don’t arrive when people are saving for a house or trying to raise a young family.</p> <p>More than 80% of money passed down from parents goes to people aged 50 and over.</p> <p>The most common age bracket in which people to receive an inheritance from parents is 55-59.</p> <hr /> <p><a href="https://images.theconversation.com/files/288479/original/file-20190819-123754-94gcst.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/288479/original/file-20190819-123754-94gcst.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="" /></a> <span class="caption"></span></p> <hr /> <p>It’s the result of good news – parents are living longer.</p> <p>But as life expectancy grows still further, it will mean inheritances increasingly supplement the retirement savings of middle-aged Australians rather than help young people get into housing.</p> <p><strong>…and the already wealthy</strong></p> <p>The wealthiest 20 per cent of Australians get 38 per cent of inheritance money; the poorest 20 per cent get only 8 per cent.</p> <p>It means the growing wealth of Baby Boomers is likely to end up concentrated in the hands of a select group relatively well-off Generation Xers and Millennials rather than being widely spread.</p> <hr /> <p><a href="https://images.theconversation.com/files/288483/original/file-20190819-123754-uayz44.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/288483/original/file-20190819-123754-uayz44.png?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="" /></a> <span class="caption"></span></p> <hr /> <p>It will reinforce the advantages already enjoyed by people with well-off parents, including better schooling, better connections, and a greater ability to take financial risks because of a parental safety net.</p> <p>If (as is possible) inheritances end up becoming the dominant route to wealth in Australia surpassing lifetime earnings, there will be less incentive for ordinary Australians to attempt to get ahead through individual endeavour.</p> <p>We will have entered what French economist Thomas Piketty calls a “<a href="https://www.pbs.org/newshour/nation/how-pikettys-inequality-theory-explains-mr-darcys-wealth">Jane Austen world</a>”.</p> <p><strong>We don’t tax inheritances…</strong></p> <p>Calm debate on policy setting around inheritances is <a href="https://insidestory.org.au/death-and-taxes/">hard to come by</a> in Australia.</p> <p>Inheritances and gifts have been tax-free since the 1970s.</p> <p>Australia is one of only <a href="https://stats.oecd.org/index.aspx?DataSetCode=REV">seven</a> OECD countries without any inheritance, estate, or gift taxes. Despite the economic arguments for inheritance taxes, there seems to be little appetite to bring them back.</p> <p><strong>…if anything, we subsidise them</strong></p> <p>Not taxing inheritances is one thing, but actively subsidising them is another.</p> <p>Superannuation tax breaks were intended to encourage people to save for their retirement and to take pressure off the age pension system.</p> <p>But given that many retired Australians <a href="https://grattan.edu.au/report/money-in-retirement/">do not draw down on their capital</a>, a large part of the super tax concessions simply boosts the size of bequests.</p> <p>Super death benefits tax is intended to claw back the superannuation tax breaks when the money is passed on, in order to ensure that the government doesn’t subsidise inheritances.</p> <p>But, at 15 per cent, the rate is too low to capture the value of the accumulated tax breaks. And it can easily be avoided by retirees withdrawing funds tax-free and then contributing them back as a post-tax contribution, which is tax-free when passed on.</p> <p>The special treatment of the family home in the age pension means test also acts to boost inheritances at taxpayers’ expense. Without it there would less to pass on.</p> <p><strong>It’s time to claw some of them back</strong></p> <p>There is little justification for taxpayers subsidising inheritances. Policy changes could help.</p> <p>We recommend a higher tax on super bequests paid to non-dependents to better capture the value of the super tax breaks that are passed on rather than used for retirement. The cap on post-tax super contributions should also be lowered, to limit the re-contribution strategies.</p> <p>The age pension assets test should include part of the value of the family home, perhaps the part above AU$500,000. Seniors with higher-value properties should be allowed to borrow against their home using the Pension Loans Scheme.</p> <p>This would give them the ability to stay in their home but would mean that some of the wealth that would otherwise be passed to heirs (most likely in their 50s) would instead be used to fund them, taking pressure off the pension.</p> <p><em>Written by <span>Owain Emslie, Associate, Grattan Institute and Danielle Wood, Program Director, Budget Policy and Institutional Reform, Grattan Institute</span>. Republished with permission of </em><a rel="noopener" href="https://theconversation.com/rethink-inheritances-these-days-they-no-longer-help-the-young-they-go-to-the-already-middle-aged-122029" target="_blank"><em>The Conversation</em></a><em>. </em></p>

Retirement Income

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Why you might want to rethink monogamy

<p>Monogamy is difficult to maintain. Sure, it’s easy enough at times when your life is devoid of temptation. But unless you and your partner live in isolation in a cottage in the woods, there are no guarantees that an attractive “other” will not emerge — to lure you away and challenge the sanctity of your relationship.</p> <p>“Oh no,” you think. “Not me. I adore my partner. Things are still so fresh. And I have so much to lose if I were to stray.”</p> <p>Yes, of course. But research makes it clear that our best intentions are often worthless in the face of a compelling, and possibly unexpected, attraction to another person — someone intent on connecting with us. <a href="http://dx.doi.org/10.1037/fam0000280">Those who report having had an extramarital relationship say it was with a close friend, co-worker or long-term acquaintance</a>; these tend not to be random strangers.</p> <p>What’s more, an act of infidelity is often understood as the “dealbreaker” in relationships. And few people are abhorred more than those known to have “cheated.” Movies, songs and literature are replete with stories depicting the appalling retribution believed owed to those who stray.</p> <p>Despite all this, studies show that most people have in fact <a href="https://link-springer-com.proxy.hil.unb.ca/article/10.1007%2Fs12144-011-9119-9">engaged in some type of infidelity in the past</a> or have experienced a partner’s infidelity.</p> <p>The question arises then: Is it time to ditch, or rethink, monogamy as a standard?</p> <p><strong>Optimistic expectations</strong></p> <p><a href="http://dx.doi.org/10.1111/j.1530-2415.2012.01286.x">Research shows that most people both expect romantic and sexual exclusivity</a> to be in place very early in their relationships and that they <a href="http://dx.doi.org/10.1111/j.1741-3737.2000.00048.x">denounce infidelity</a>.</p> <p>Interviews with newlyweds in the United States indicate that many people expect they and their partner will remain monogamous, <a href="https://doi.org/10.1080/10502556.2012.651966">despite admitting to having experienced a range of extramarital thoughts and behaviours already</a>, such as flirting with another or feeling aroused in the presence of another.</p> <p>All industrialized countries, even those purporting to have more tolerant beliefs around the importance of exclusivity, <a href="http://dx.doi.org/10.1016/S0140-6736(06)69479-8">report that monogamy is the dominant pattern in their societies</a>.</p> <p>Despite strong universal disapproval of infidelity, and <a href="https://doi.org/10.1177/0265407515574463">despite optimistic expectations</a>, studies show that <a href="https://doi.org/10.1177/0192513X12439692">infidelity remains, year after year, the primary cause of relationship break-ups and divorce</a>.</p> <p>Now, if you factor in the distress, distrust and discord that infidelity causes to those relationships it does not destroy, you begin to understand the weight of its consequences.</p> <p><strong>Fantasizing about a celebrity lover?</strong></p> <p>Is monogamy reasonable? Can we ever reconcile the improbability of spending a lifetime (also known as many years) with a partner without ever being drawn to another?</p> <p>Can we admit that our partners might not meet all of our needs at all times? That we could experience attraction to another without a complete surrender of our rights to a loving and respectful relationship or a wish to abandon our lives to race off with the other person?</p> <p>These questions are more poignant in light of research indicating that <a href="http://dx.doi.org/10.1080/1047840X.2014.863723">intimate relationships are becoming less rewarding over time</a> even as our expectations of what they should deliver steadily increase.</p> <p>In most Western countries, belief in the importance of monogamy is strong, yet relatively few individuals actually discuss with their partner what monogamy must entail.</p> <p>Is online flirting with an ex you will never see again “cheating?” Is fantasizing about a celebrity lover being untrue to your One True Love?</p> <p><strong>Jealousy and suspicion are the tools</strong></p> <p>A series of studies by psychologist Ashley Thompson makes clear that we are <a href="https://doi.org/10.1080/00224499.2015.1062840">notably inconsistent</a> in <a href="https://doi.org/10.1017/jrr.2016.1">the monogamy standards</a> that <a href="https://doi.org/10.1080/01973533.2017.1350578">we hold for ourselves versus those we hold for our partners</a>. For example, we are far more lenient and tolerant in explaining our own versus our partner’s behaviour.</p> <p>Those who endorse alternative approaches — such as “consensual non-monogamy” which allows for romantic or sexual relationships beyond the primary relationship, with the partner’s consent — argue that monogamous relationships are far less stable because people use <a href="http://web.a.ebscohost.com.proxy.hil.unb.ca/ehost/pdfviewer/pdfviewer?vid=3&amp;sid=14e57d37-335f-4d4c-8388-dad14da65119%40sessionmgr4007">jealousy, monitoring and suspicion as tools to hold their partners to this difficult standard</a>.</p> <p>Individuals in supposedly monogamous relationships are also <a href="http://dx.doi.org/10.1111/jsm.12987">less likely to practise safe sex when they cheat</a> (putting their primary partner’s health at risk) than are those in consensually non-monogamous relationships. And questions arise about whether you are really practising “monogamy” if you’re exclusive but in relationship after relationship after relationship — that is, for those who change primary partners after just a few years.</p> <p><strong>Rewriting the fairytale</strong></p> <p>To discuss dealbreakers in one’s relationship, it is essential for a couple to define what constitutes a betrayal, violation of trust or act of dishonesty.</p> <p>If a couple can plan ahead of time for the possibility than one or both partners might have an intimate moment with another person at some point, this can reinforce the flexibility, tolerance and forgiveness required to adjust if that happens.</p> <p>It all depends on the circumstances, of course, but accepting that another person might offer something that we or our partners need can leave couples better-positioned to move forward and adjust or negotiate if necessary, without an entire and irreversible relationship disintegration.</p> <p>This is key: If we can admit to ourselves that a fleeting attraction, or more meaningful connection, with another partner might not irreparably harm our primary relationship — and indeed might supplement it — then our relationships might survive longer and better.</p> <p>A new viewpoint requires a willingness to supplant the fairytale — a belief (often cherished) that one person can forever meet all your emotional, romantic and sexual needs.</p> <p><strong>Lunch is ok, touch is out</strong></p> <p>This is unlikely to be easy for most of us. The idea of a partner being distracted by another can induce panic in the most stalwart and confident. But insisting upon a fairly unreasonable standard (lifelong exclusivity or else!) can in fact harbour the possibility of secrecy and betrayal.</p> <p>The emphasis in relationships needs always to be on openness, caring and mutual consent.</p> <p>This is not to say that you or your partner will ultimately connect intimately with another person in any way despite adopting a new viewpoint about exclusivity. It also does not mean you have to agree that “anything goes,” that your relationship becomes an open relationship in the broadest sense of that term, or that anyone at all can enter your private sphere.</p> <p>It is wise to negotiate some guidelines with your partner — about who or what type of person might be invited to look in on that sphere, for a moment or longer, and what might be acceptable ways to connect with another person (e.g. lunch is okay, touch is out), should the need or want arise.</p> <p>If you also discuss how best to talk about it, this approach can go far in keeping your relationship truthful, transparent and trusting — making the need for a dealbreaker that much less relevant altogether.<!-- Below is The Conversation's page counter tag. Please DO NOT REMOVE. --><img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important; text-shadow: none !important;" src="https://counter.theconversation.com/content/88217/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /><!-- End of code. If you don't see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: http://theconversation.com/republishing-guidelines --></p> <p><em>Written by <span>Lucia O'Sullivan, Professor of Psychology, University of New Brunswick</span>. Republished with permission of </em><a href="https://theconversation.com/why-you-might-want-to-rethink-monogamy-88217"><em>The Conversation</em></a><em>. </em></p>

Relationships

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Is it time to rethink the way you bank?

<p>You probably do not give a lot of thought to your banking.</p> <p>Your pay goes into your bank account, you might use internet banking or the bank's mobile app to pay a few bills, and you probably have a credit card or two.</p> <p>But if you put aside a few minutes to give your banking set-up a health check, you could be surprised at the money you might save.</p> <p>One of the simplest and most expensive mistakes you can make is to use a savings account for everyday transactions.</p> <p>Sometimes people fall into this trap when they have had a fees-free student savings account and forget to change it when they enter the workforce.</p> <p>Savings accounts generally charge a significant fee for each transaction, whereas everyday transaction accounts can be fees-free if you agree not to receive paper statements.</p> <p>Research firm Canstar found on-call savings accounts were charging an average $2.59 per point-of-sale transaction.</p> <p>Even transferring your money around via internet or mobile banking costs money with a savings account, but should not with an everyday account.</p> <p><strong>Are your bill payments set up for payday?</strong></p> <p>Default and dishonour payments charged when an AP or bill payment bounces can be expensive, especially if they put you into overdraft and you are stung with a fee for that, too.</p> <p>Avoid it entirely by making sure that all your bill payments, direct debits and automatic payments are set up to go on your pay day or just after, so you can be sure there will be enough money to cover them.</p> <p><strong>Are you using the right credit card?</strong></p> <p>If you do not pay your credit card balance off in full each month, consider shifting to a low-rate card. There are a number of low-interest credit cards in the market. They often have higher annual fees in return for a lower interest charge.</p> <p>Better yet, make the most of a zero-interest balance transfer offer and commit to paying off everything you owe.</p> <p>Even if you do pay your balance off each month, it is worth shopping around to see whether your annual fee is value for money.</p> <p>Usually it is the cards with more generous rewards schemes that have the highest fees, so if you do not make use of those points, it might be worth reconsidering your options.</p> <p><strong>Don't just set and forget</strong></p> <p>Keep an eye on your bank accounts, even when everything is automated. Check the transactions going out are right and there are no double-ups. Make sure you are not in danger of slipping into unarranged overdraft - this can be expensive.</p> <p>Do you think you will take these tips onboard?</p> <p><em>Written by Susan Edmunds. First appeared on <a href="http://www.stuff.co.nz/" target="_blank"><strong><span style="text-decoration: underline;">Stuff.co.nz</span></strong></a>.</em></p>

Money & Banking

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These two words make you rethink retirement

<p><strong><em>Nobby Kleinman is an award-winning ex financial planner who developed <a href="http://moneyrules.com.au/" target="_blank"><span style="text-decoration: underline;">Money Rules</span></a>, a personal money management program which anyone can use.</em></strong></p> <p>This is a question many of us often ask ourselves. Although few believe we would drastically change much, it is the most telling when the day of retirement comes up and the ensuing years of time.</p> <p>The line is drawn in the sand. This is the time for most when the income stops. For those who have been saving their money, this is the day when the tide of income starts to flow the opposite way.</p> <p>Although not immediately evident, as one year passes into another, the drop in the account balances becomes ever more noticeable. Within a short matter of years, what seemed to be a secure and sufficient lump sum has become a much smaller pile and it is just dwindling and draining away.</p> <p>It won’t matter anymore what you do to try and stop it from eroding, you will be overcome by how quickly it will just slip through your fingers, never to be replenished. Just like a dam in a drought, you will be exposed, financially naked and emotionally stripped bare. </p> <p>Trying to stay afloat, you exhaust all your avenues of selling personal assets which were once prized possessions. You have cut back on all the expenses such as heating as you go to bed early in order to stay warm after having a meagre supper of soup and toast. It’s lucky that you kept that old tv because the internet is too expensive to use as your television. Your phone is the most basic you can get and your only means of connection to the outside world. Your clothes and a few pieces of furniture are what you live in now.</p> <p>It broke your heart when you had to sell the family home in the suburb where you had lived for so long with great neighbours, but it was such a valuable asset and you needed the money. Like many, you had become asset rich and cash poor. This was a better option than the reverse mortgage they tried to convince you to take, because you wanted to leave something for the kids rather than a debt.</p> <p>But there is only so much that you can reduce in your life before you find yourself living on the street. You had downsized to a much smaller place, but it is so far way that even the family only visit during holidays. Your major concern is wanting to be close to community facilities, especially hospital and medical assistance, because you are not as young as you used to be.</p> <p>This is where you are going to be spending the last days of your life. Although the sun rises every morning, it is just the beginning of another long day filled with despair about how you are going to fill in the time.</p> <p>Thank goodness the government helps out with the pension!</p> <p><strong>Imagine if only… given your time over again</strong></p> <p>You lived your life by the rules. But those rules were set by other people for their benefit, not for yours. If you knew then what you know now, what would you have done differently? The government set rules, the churches set rules, the courts set rules, the employers set rules, the schools set rules and even society set rules.</p> <p>But think back to those who were considered outlandish because they seemed to break the rules. Think about those who self-promoted themselves globally and lived by their own rules rather than those imposed by others. OK, so maybe your personality isn’t that of Richard Branson, or the Kardashians or Madonna or others who stand out in the world.</p> <p><strong>But what if…</strong></p> <p>What if you hadn’t listened to the rules or perhaps even just bent them somewhat to suit your own needs rather than those who imposed them. What if education only got you so far and inspiration and imagination had fired up your creative juices. Who could you have become? What would you have invented or what business would you have started? How could you have changed the world for humanity sharing your brilliance? How many people would have benefitted?</p> <p>There are so many people who are changing the world every day and yet they are human beings just like you. They get dressed in exactly the same manner and move forward just by putting one foot in front of the other.</p> <p><strong>How would your life have been different if only…</strong></p> <p>Right now you have experience that you can pass on to others. You can be a mentor to those who follow. As parents teach and train their children, so too can you guide and direct other people to be rich and successful in their lives to become potentially rich and famous. All because they listened to a new set of rules.</p> <p>The world changes every day. Taxis will be replaced by self-owned drivers in Uber. Hotels have competition in Airbnb. The horse and cart were replaced by the car and petrol engines will be replaced by electric vehicles. Even in the financial world, there are changes taking place. Consider the use of smart phones to pay for everything just like a credit card. Banks as they are today will become outdated.</p> <p>Yet with all these changes in technology and lifestyle, people will still remain handcuffed to rules.</p> <p>One of the most draining is money. It is simply a method of exchange, just a tool. But this very tool in any form controls the masses. When financial institutions lend money they tell also set the rules by which they want those funds repaid. Most people follow those rules and will pay dearly for the privilege of getting a loan. But given the opportunity of hindsight, how many would follow the same path knowing what they know once they are old enough to know better?</p> <p>The average of people in America, Canada and Australia is 47% who reach retirement with a mortgage debt. Once the income stops, and the lump sum is paid out, how long do you think the remainder is going to last? The first half of this story is not imagination other than what people should consider may happen to them.</p> <p>Debt is amongst the greatest problems of the western world and by the time anyone gets to realise it, the tide will have come in just like a tsunami washing over a generation of retired baby-boomers. It won’t stop there. The benefits which should have flowed through to the following generations will also have been washed away and the financial expectations of inheritances will be evaporated.</p> <p>Coping with debt during the working years is one thing, but without storing away enough for those years after work has stopped is the most dangerous time approaching the global economy. Governments have been aware of it for more than 50 years with economic modelling. They know the number of taxpayers is declining to support the older generations.</p> <p>Ultimately, the responsibility rests purely with each individual. If you know now what lies ahead, what will you change in your life? Don’t wait until you get to retirement only to find out you still have to pay out debts. You must start immediately. Financial planning is not just about insurance and investment. In fact, while insurance is important, until you have paid off all existing debt, your only investment should be in yourself.</p> <p>Look at your situation now and be honest with your future. How much have you saved? How long did that take? How long will that last? If you pay out your debts right now, and how much do you have left? There is a much faster way to pay off debt and create wealth, just on your current income. Learn how to that and teach it to your children and your grandchildren, because neither the banks nor the government are going to.</p> <p>When you get to retirement, what you have to live on is what you do for yourself.</p> <p>Share your thoughts in the comments.</p> <p><em>Learn how to master your money, create your wealth and retire early, just on your current income. Find out more in Nobby Kleinman’s latest book</em> <a href="https://s3.amazonaws.com/mr-ebook-spend-and-grow-rich/SpendandGrow-Rich.pdf" target="_blank"><strong><span style="text-decoration: underline;">Spend To Grow Rich</span></strong></a>.</p> <p><strong>Related links:</strong></p> <p><a href="/finance/retirement-income/2016/08/72-hour-money-saving-trick-that-will-change-your-life/"><span style="text-decoration: underline;"><em><strong>The secret, simple money saving trick to cut out splurging</strong></em></span></a></p> <p><a href="http://www.oversixty.co.nz/finance/retirement-income/2016/03/seniors-investment-income-suffering/"><strong><span style="text-decoration: underline;"><em>Seniors relying on investment income are suffering</em></span></strong></a></p> <p><a href="http://www.oversixty.co.nz/finance/retirement-income/2016/07/what-are-additional-sources-of-income-in-retirement/"><span style="text-decoration: underline;"><em><strong>What are additional sources of income in retirement?</strong></em></span></a></p>

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