I found some Aussie PF Blogs. I was beginning to think that Aussies abhor discussing their personal finances and only the British, Americans and Canadians enjoy dissecting their finances to pieces, obsessing over couponing, managing rentals and all that other Jazz.
PTMoney published a Personal Finance Bloggers Map which enables readers to locate a personal finance blogger situated near their city so that they can have 'local' blogs to follow. I thought that might interest you as a reader of this blog. Some of the personal finance blogs that I subscribe to and skim through often can be found in my old post 'PF Blogs I Often Read: Some Blog Lovin'.
If you're looking for Australian PF bloggers, look no further:
1. Kylie Ofiu : @ Aspiring Millionaire. Her blog is interesting. Advice appears sound however she's confessed that she has no official financial qualifications whatsoever so read with an open, inquisitive mind and do your due diligence.
2. My Journey To Eliminate Debt : Mainly for those in debt if you're looking for motivation. MJTED is a blog about a couple in their early 40s and their efforts in paying down their mortgage.
There are a few issues that I'd like to raise regarding that blog though- the author has an SMSF with just $32k? I wonder what fees she pays on running her SMSF? According to the Cooper Review below, SMSF with asset values below $50k pay an average operating expense ratio of 5%. MJTED has only $32k and with an average operating expense of 5%, she'd need to get an investment return of at least 8.5% to keep pace with inflation and a return greater than 8.5% to even be growing her retirement funds. Is she doing more harm to her retirement funds than good by opening up an SMSF with only $32k?
Fees on retail super funds are usually under 2% but again, the fees vary depending on how active the super fund is in 'managing' your funds. Maybe her 'professional' retail retirement fund crashed up to 40% or something drastic during the peak of the GFC, spurring her to open up her own SMSF despite not having a large fund value to work with?
If you'd like to understand the link between SMSF fund values and calculating the operating expense ratio, read the extract below: