# Blog ### Welcome to our Personal Finance Blog ![Pic of Senior Advisor Drew Browne](https://mail.sapience.com.au/images/author-pic/ceo-drew-browne-round.png) Money bewilders most of us. How to spend it, save it, invest it, and how to best protect the person who makes it. These questions we all face daily — a puzzle we all attempt to understand and solve just about every day. Yet despite money's centrality to our lives and businesses, it's something we all grapple with, and mostly in private. - Money is the 'Lord Voldemort' of topics — feared by most and mentioned by a few. It's oddly uncomfortable to discuss socially and rarely even with our partners, parents, and children. Perhaps that's because managing our money and life's risks inevitably involves the fusion of both the emotional and practical aspects of our decision-making processes. **The most difficult of questions are those with both economic and emotional answers**. At Sapience, we're all about **The How**. Our educational **Personal Finance Blog** is for people who want to grow and remain wealthy. And while the journey toward wealth is clearly marked, you still have to be looking in the right direction. ### Explore Our Blog by Speciality Select a speciality below to view our curated specialist insights and practical strategies. [🧠 Evolutionary Finance](https://mail.sapience.com.au/insights/evolutionary-finance) [🌳 Family, Legacy & Aging](https://mail.sapience.com.au/insights/family-legacy-aging) [⚖️ Estate Law & Succession Planning](https://mail.sapience.com.au/insights/estate-law-succession) [🛡️ Specialist Risk & Insurance](https://mail.sapience.com.au/insights/specialist-risk-insurance) [🤝 Small Business Risk & Partnership](https://mail.sapience.com.au/insights/small-business-risk-partnership) [🌍 Social Leadership & Conscious Business](https://mail.sapience.com.au/insights/social-leadership-conscious-business) [🏠 Wealth Builders & Home Finance](https://mail.sapience.com.au/insights/wealth-builders-home-finance) [📰 Sapience General Archive](https://mail.sapience.com.au/insights/sapience-general-archive) ![Not made by AI sapience financial](https://mail.sapience.com.au/images/icons/not-made-by-AI-sapience-financial-black.png) --- [ ![male with surgical face mask holding his head](https://mail.sapience.com.au/images/blog/intro-covid-19-and-life-insurances-faqs-sapience-financial.jpg) ](https://mail.sapience.com.au/blog/covid-19-and-life-insurances-faqs "COVID-19 & Life Insurances FAQs") ## [ COVID-19 & Life Insurances FAQs ](https://mail.sapience.com.au/blog/covid-19-and-life-insurances-faqs) --- ### Here are our most frequently asked questions by clients about Life Insurance policies, COVID-19 & Vaccinations ### Australia is now in the middle of the COVID-19 pandemic and learning to live and work with lockdowns and public health orders. With rolling lockdowns and much general uncertainty ahead, as we race towards the nation's next mass vaccination target, it's only natural people are looking for certainty and asking important questions about 'whether COVID-19 affects their life insurance policies in any way?' - [ Covid-19 ](https://mail.sapience.com.au/all-tags/covid-19) - [ FAQ ](https://mail.sapience.com.au/all-tags/faq) - [ 📰 Sapience General Archive ](https://mail.sapience.com.au/insights/sapience-general-archive) [ Read more … ](https://mail.sapience.com.au/blog/covid-19-and-life-insurances-faqs) [ ![daughter beating father while they play console games together games](https://mail.sapience.com.au/images/blog/intro-when-your-child-asks-about-money-sapience-financial.jpg) ](https://mail.sapience.com.au/blog/when-your-child-asks-about-money "When your child asks about money") ## [ When your child asks about money ](https://mail.sapience.com.au/blog/when-your-child-asks-about-money) --- ### Who hasn't felt ambushed by a question without notice for a child? ### Kids ask questions - that's their job Given the sheer abundance of our modern lives, it's not surprising we end up with so many complicated feelings and concerns about 'things and stuff'. When you're an adult raising kids-to-be-adults, we're going to face unexpected and honest questions. Some are expected and others totally catch us unprepared. And just because you may not have your own kids, remember we’re all role-models for somebody. - [ family health & safety ](https://mail.sapience.com.au/all-tags/family-health-safety) - [ things parents think about ](https://mail.sapience.com.au/all-tags/things-parents-think-about) - [ money advice for the kids ](https://mail.sapience.com.au/all-tags/money-advice-for-the-kids) - [ 🌳 Family, Legacy & Aging ](https://mail.sapience.com.au/insights/family-legacy-aging) [ Read more … ](https://mail.sapience.com.au/blog/when-your-child-asks-about-money) [ ![daughter jumping on father while he is working](https://mail.sapience.com.au/images/blog/intro-adaptability-the-underrated-skill-for-living-a-bigger-financial-life-sapience-financial.jpg) ](https://mail.sapience.com.au/blog/adaptability-the-underrated-skill-for-living-a-bigger-financial-life "Adaptability: the underrated skill for living a bigger financial life") ## [ Adaptability: the underrated skill for living a bigger financial life ](https://mail.sapience.com.au/blog/adaptability-the-underrated-skill-for-living-a-bigger-financial-life) --- ### Adaptability: the underrated skill for living a bigger financial life ### Reflecting on surviving COVID-19 so far It's August 2021 in Australia and we’re in the middle of learning to live in a global COVID-19 pandemic. **How are you doing today?** - [ family health & safety ](https://mail.sapience.com.au/all-tags/family-health-safety) - [ money habits ](https://mail.sapience.com.au/all-tags/money-habits) - [ mindset ](https://mail.sapience.com.au/all-tags/mindset) - [ 🌳 Family, Legacy & Aging ](https://mail.sapience.com.au/insights/family-legacy-aging) - [ 🤝 Small Business Risk & Partnership ](https://mail.sapience.com.au/insights/small-business-risk-partnership) - [ 🏠 Wealth Builders & Home Finance ](https://mail.sapience.com.au/insights/wealth-builders-home-finance) [ Read more … ](https://mail.sapience.com.au/blog/adaptability-the-underrated-skill-for-living-a-bigger-financial-life) [ ![wall graffiti of captain Spock, Star Trek fame](https://mail.sapience.com.au/images/blog/intro-are-you-prepared-for-the-cost-of-surviving-cancer-sapience-financial-sapience-financial.jpg) ](https://mail.sapience.com.au/blog/are-you-prepared-for-the-cost-of-surviving-cancer "Are you prepared for the cost of surviving cancer?") ## [ Are you prepared for the cost of surviving cancer? ](https://mail.sapience.com.au/blog/are-you-prepared-for-the-cost-of-surviving-cancer) --- ### 'Live Long & Prosper' in the land down under ### The Vulcan salutation, ‘Live Long and Prosper’ was first made famous by Star Trek's Commander Spock (played by actor Leonard Nimoy). The phrase owes its now worldwide familiarity to the fact that it does indeed reflect the hopes and dreams of all people - to live long and prosper. Now regardless of whether you subscribe to the Star Trek universe or the Star Wars franchise view of the world (or neither - \*gasp\*) the good news is for the most part Australians are becoming healthier and actually living longer – 12 years longer than the global average, to be precise. - [ crisis insurance ](https://mail.sapience.com.au/all-tags/crisis-insurance) - [ family provision ](https://mail.sapience.com.au/all-tags/family-provision) - [ the cost to care ](https://mail.sapience.com.au/all-tags/the-cost-to-care) - [ prostate cancer ](https://mail.sapience.com.au/all-tags/prostate-cancer) - [ chart ](https://mail.sapience.com.au/all-tags/chart) - [ 🛡️ Specialist Risk & Insurance ](https://mail.sapience.com.au/insights/specialist-risk-insurance) [ Read more … ](https://mail.sapience.com.au/blog/are-you-prepared-for-the-cost-of-surviving-cancer) [ ![man jumping into deep water with rocks nearby](https://mail.sapience.com.au/images/blog/intro-what-happens-if-my-mortgage-provider-goes-bankrupt-sapience-financial.jpg) ](https://mail.sapience.com.au/blog/what-happens-if-my-mortgage-provider-goes-bankrupt "What happens if my mortgage provider goes bankrupt?") ## [ What happens if my mortgage provider goes bankrupt? ](https://mail.sapience.com.au/blog/what-happens-if-my-mortgage-provider-goes-bankrupt) --- ### The Australian mortgage market today has a range of bank and non-bank mortgage providers all competing for your mortgage business. ### While this level of competition can result in competitive interest rates, there’s still a misconception about whether a non-bank is as safe as a bank when it comes to your mortgage. So it makes sense to understand the basics of how a mortgage contract works, how a bank and a non-bank mortgage provider make money from a mortgage contract and what happens if your mortgage provider goes bankrupt. - [ mortgage ](https://mail.sapience.com.au/all-tags/mortgage) - [ 🏠 Wealth Builders & Home Finance ](https://mail.sapience.com.au/insights/wealth-builders-home-finance) [ Read more … ](https://mail.sapience.com.au/blog/what-happens-if-my-mortgage-provider-goes-bankrupt) [ ![red bicycle chained to lamp pole](https://mail.sapience.com.au/images/blog/intro-family-guarantors-money-and-mortgages-and-what-you-need-to-know-sapience-financial.jpg) ](https://mail.sapience.com.au/blog/family-guarantors-money-and-mortgages-and-what-you-need-to-know "Family Guarantors, money and mortgages and what you need to know") ## [ Family Guarantors, money and mortgages and what you need to know ](https://mail.sapience.com.au/blog/family-guarantors-money-and-mortgages-and-what-you-need-to-know) --- ### Are you considering asking a family member to become your Guarantor for a mortgage? ### Here are some things you need to know and do- first - One of the questions about home loans and mortgages we're regularly asked by older clients is, ‘Can a parent go Guarantor to a Mortgage to help one of their adult children?’ - Their adult children usually ask a variation on the same question, ‘When can a parent go guarantor to a Mortgage loan?' - The real question people want to ask is 'Should you ever become a Guarantor to a Mortgage?' - [ mortgage guarantor ](https://mail.sapience.com.au/all-tags/mortgage-guarantor) - [ borrowing from friends or family ](https://mail.sapience.com.au/all-tags/borrowing-from-friends-or-family) - [ 🌳 Family, Legacy & Aging ](https://mail.sapience.com.au/insights/family-legacy-aging) - [ ⚖️ Estate Law & Succession Planning ](https://mail.sapience.com.au/insights/estate-law-succession) [ Read more … ](https://mail.sapience.com.au/blog/family-guarantors-money-and-mortgages-and-what-you-need-to-know) 1. [ Why does getting a life insurance policy sometimes take longer then expected?](https://mail.sapience.com.au/blog/why-does-getting-a-life-insurance-policy-sometimes-take-longer-then-expected) 2. [ Smart strategies for your Super this EOFY 2021](https://mail.sapience.com.au/blog/smart-strategies-for-your-super-this-eofy) 3. [ Teaching your kids to save is child's play](https://mail.sapience.com.au/teaching-your-kids-to-save-is-childs-play) 4. [ The beginner's guide to actually setting financial goals](https://mail.sapience.com.au/blog/the-beginners-guide-to-actually-setting-financial-goals) 5. [ Living happily ever after in a rented house, maybe](https://mail.sapience.com.au/blog/living-happily-ever-after-in-a-rented-house-maybe) 6. [ Three high-stakes risks of being a Sole Trader](https://mail.sapience.com.au/blog/three-high-stakes-risks-of-being-a-sole-trader) 7. [ The beginner's guide to thinking about setting financial goals](https://mail.sapience.com.au/blog/the-beginners-guide-to-thinking-about-setting-financial-goals) ### [ Modern Small Business Leadership](https://mail.sapience.com.au/blog/modern-small-business) Page 18 of 50