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Being retrenched from your job can be hard to accept. It is the sudden shock that catches most people but try not to take it personally. Redundancy is usually not about your personal performance; it’s the performance of your employer’s business, the industry sector in which you work, or even the global economy. Dealing with the key considerations below can help you take back control of your life and career. Take control Redundancy payment :  Genuine redundancy payments are given special tax treatment, including a tax-free amount related to years of service. Your lump sum payment might be your last pay packet for a while, so draw up a budget. This will help you identify areas where you can economise until you find a new job. Your financial adviser can help you work out the best use for any lump sum you receive. Mortgage :  If you have a home loan, contact your lender immediately. You may be able to adjust payments while you are out of the workforce. Centrelink :...

Forget the piggy bank, swear jar or the Excel spreadsheet, let's take a look at some technologies that are making it easier than ever to save and invest.   Saving may not be your favourite parts of being a grown-up, but it’s imperative when it comes to being prepared for anything life throws at you.  So what if you could get on top of these financial tasks without even thinking about it?  That's exactly what a rapidly growing number of tech-savvy solutions aim to do. Let us introduce you to some tools you might like to add to your kit.  1. MoneySmart mobile calculator Forget rough calculations on the back of a coaster. MoneySmart's four-in one financial calculatorcan help you work out exactly how much you can afford to borrow, the impact on your savings and whether or not that hot deal the salesperson is spruiking is actually any good. Created by the Australian Securities and Investments Commission, this app brings together four MoneySmart calcul...