Follow the money

I thought this was interesting - having a good understanding of tax, super and general financial literacy uncovers some really useful tips.

Could you be salary sacrificing to cover school fees or health care? It has certainly been very effective for many in relation to superannuation.

As we know, we are living longer and that means we can use this time to plan for our twilight years and how we would like to see out our final days.

Putting money into our superannuation is one way to plan for this, thinking about what quality of life means to you and how you can best achieve this is another.

Do we want in-home care, or would we like to move into a house with a bunch of friends and a full time nurse, where we play cards, listen to music and drink tequila while we approach the inevitable end.

https://moneysmart.gov.au/work-and-tax/salary-packaging