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Happy New Year and Welcome to 2021!

We start our first newsletter this year with a look at the latest domestic monthly banking statistics that show as at the end of October, Australian households collectively had $1.1 trillion deposited in savings account products. What does this mean for investors and retirees?

We also discuss a few tips and tricks on how to save and budget for the new year. 

For small business owners, please read our article on financial literacy - why it's important and how we can all improve

We include a discussion on contents insurance and finish with some 5 unusal self-reflecting questions. 

We love to hear from you, so please feel free to contact us with any questions about our articles in this newsletter on 02 9249 7600 or email wealthadmin@bellpartners.com
 
Kind regards,
 
Bell Partners

Low interest: Australia's $1 trillion cash pool

The Reserve Bank's decision this month to cut the official interest rate to a record low 0.1 per cent was another wake-up call for Australians heavily reliant on income from savings, especially many retirees.

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How to save and budget

Finding it hard to save money or stick to a budget? Working out a realistic budget is a great way to take control of your finances. Although it may seem like a chore, it's an important part of managing your money.

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Contents insurance: Protect the things you value in your home

Contents insurance covers your household items and personal belongings if they're damaged, lost or stolen.

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Financial literacy: Why it’s important and how we can all improve

More than most, small business owners are responsible for ‘knowing their numbers’. But what happens when financial literacy is variable across the board?

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5 unusual self-reflection questions

The end of the year is a great time for self-reflection. It’s a time when you can ask questions to help clarify and inform about your clients, profits, processes and more. But here are five unusual questions you’ve possibly never asked before; the answers to which might boost both your joy and sales in 2020.

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