Dear Helen,
Thank you for the Budgeting for Christmas Workshop yesterday. I am so happy to tell you that I have successfully found a job in Brisbane. It is just what I have been looking for. I wish to thank you for your positive advice and wise words.
All the best. One day, our paths might cross again.
Shirley
Changes in technology and government policies have given the consumers a much higher voice in products that are available. Every time you buy something it has an impact on the economy of the country you live in and the one you are buying from. The rule of supply and demand will ultimately define what products are available in the future. When goods are bought online, there are no customers at shopping centres. No customers, means no sales, no sale mean…..
You have explained everything so succinctly and certainly made financial stuff look like “simple money for you”.
CONGRATULATIONS!
It is a great guide for the ordinary adult with an ordinary understanding of finance and would be very relevant to teachers and students…
Superannuation contributions commence when you start work.
The advantage of superannuation is tax effective savings that compound to increase your investment.
The disadvantages are your money is not available until retirement age and the funds are subject to government regulation. Consolidate all superannuation into one fund. Be active in choosing different investment strategies and options.
If you want more control consider self-managed superannuation funds, however ensure you understand the government reporting and compliance needs first.
Most importantly be aware of…..
Your bucket list will determine the amount of money you need to retire. To understand your future needs calculate your money needs in todays’ terms and adjust it to your retirement lifestyle.
Start with today’s income, look at all types of income and expenses and assess if they will increase or decrease when you retire. This will determine your estimated retirement income. Choosing investments you like and understand, estimate how many you will need to own to produce your estimated…..
Knowledge is power when investing – start gathering an understanding of what investments you want to become involved with at an early age, because becoming an expert will take time.
Consider the following – risk, how long, return versus growth, leverage, diversification, tax and inflation.
Debt reduction is a type of investment because when you reduce debt, you save the interest that you would normally pay on the loan. The investment return is equal to the interest that you…..
If you don’t plan it – it will never happen – start planning your next holiday today! Try to pay for your holiday in advance. There are 3 big cost holiday items – travel, accommodation and meals – review and budget for these items to contain costs. There will always be more adventure and unknown elements in a holiday than you can image, therefore plan and research the items important to YOU eg. accommodation if you like a nice bed,…..
Never underestimate the true value of a fringe benefit. Consider what you would have to pay for or what you would miss out on if you were not employed in this job. Fringe benefits are not taxable for the individual; however they may adjust some government benefits or be used to assess loan and financial status. Fringe benefit packaging may be a way to reduce tax. Share and following on Facebook
If you are running a business please consider: Time to do the paperwork and compliance items, tax, invoicing and how to receive money, paying people, additional insurances, advertising and marketing, staying up to date, and employing people. Some you can do yourself but you may need to ask for help when you are short of time. To be successful your focus should be on what you are good at!
I hate filing but I hate not being able to find something more! Deal with every piece of paper as soon as you get it, make recycling easy and have a box at easy access, have an ‘in’, ‘bills’ and ‘filing’ tray, set a certain time in your week to empty the filing tray, never let the tray overflow, remove all paperwork each year, and label all files.
Your filing system will depend on the quantity of paper. Use A…..
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