SmartFinance Compass

Side Hustles That Work in Australia: From Freelance to E-commerce Side Hustles That Work in Australia: From Freelance to E-commerce Looking to make some extra income in 2025? Side hustles are more popular than ever in Australia. Whether you’re into freelancing, online businesses, or passive income, we’ll show you the top side hustles to start today. Freelancing and online businesses are popular options for extra income. Why start a side hustle? Supplement your income for financial security. Turn a hobby into extra earnings. Work on your own terms, with flexibility. Leverage skills to build long-term businesses. Top side hustles for Australians in 2025 Freelancing: Offer services on platforms like Upwork, Freelancer, or Fiverr. Popular freelance jobs include writing, graphic design, web development, and marketing. E-commerce: Start an online store with S...

Car Insurance in Australia 2025: Cheapest vs. Best Value Car Insurance in Australia 2025: Cheapest vs. Best Value Car insurance is mandatory in Australia, but not all policies are equal. In 2025, the cheapest option may not always provide the best coverage. Here’s how to compare policies and choose what’s right for your budget and protection. Car insurance is about balancing cost with protection. Types of car insurance in Australia CTP (Compulsory Third Party): Mandatory. Covers injury to others but not your car. Third Party Property: Covers damage to other people’s property, not your car. Third Party Fire & Theft: Adds coverage for your car if stolen or damaged by fire. Comprehensive: Covers your car and others, regardless of fault. Cheapest vs. best value Policy Type Typical Annual Premium Coverage Level ...

Superannuation Made Simple: Boosting Your Retirement Savings Superannuation Made Simple: Boosting Your Retirement Savings Superannuation is the backbone of retirement savings in Australia. In 2025, rule changes and contribution strategies give everyday Australians more opportunities to grow their nest egg. Superannuation is compulsory, but boosting it is your responsibility. What is superannuation? Superannuation (“super”) is money set aside during your working life for retirement. Employers must contribute at least 11.5% of your ordinary earnings in 2025, but voluntary contributions can accelerate your retirement savings. Ways to boost your super Salary sacrifice: Contribute pre-tax income to reduce taxable earnings. Government co-contribution: If eligible, the government matches personal contributions up to a limit. Spouse contributions: Contribute to your partner’s super and...

Australian Tax Deductions Most People Miss Australian Tax Deductions Most People Miss Thousands of Australians miss out on tax deductions every year. In 2025, new rules and digital record-keeping make it easier to claim—but only if you know what’s eligible. Claiming overlooked deductions can increase your refund or reduce your tax bill. Common deductions Australians miss Work-from-home expenses: Internet, phone, electricity (ATO fixed rate or actual costs). Professional subscriptions: Industry association fees, trade publications. Union fees: Annual union dues are deductible. Education and training: Courses directly related to your current job. Tools and equipment: Small tools under $300 can be claimed immediately. Protective clothing: Hi-vis, safety boots, sun protection for outdoor workers. Charitable donations: Must be to registered charities and over $2. ...