Archive for June, 2008
Tips On Reducing Your Petrol Bills
Monday, June 30th, 2008Unless you have been living in a cave somewhere on a remote island, you must know that the petrol prices have been rising through the roof. In the past couple of months I have written three posts about how you can reduce your petrol bill - Best Day To Fill Your Tank; Woolworths Everyday Rewards [...]
Simple Steps To Getting Your Personal Finances In Order
Monday, June 30th, 2008Lot of people don’t have control over their finances. They might wish to get things back in order but for most of them they don’t know where to start from . They find it a very daunting task. The fact is it is not half as hard as you think it is. All that it [...]
Margin Loans - A Brief Introduction
Sunday, June 29th, 2008Margin Loans is borrowing money to invest in shares and managed funds. Existing cash or securities or both is used as security when you borrow money. Since you are borrowing to invest, the total amount of your investment increases and thus increasing the size of your investment returns - your returns are multiplied by gearing.
The [...]
Child Care Costs For Families - Federal Budget 2008/2009
Sunday, June 29th, 2008We have heard women with young kids complain many times that going back to work does not make financial sense - because almost everything you earn goes towards child care expenses. Federal Budget 2008-2009 seems to have addressed these womens’ needs. The budget has introduced changes to child care benefit and child care tax [...]
Christmas Club Accounts
Saturday, June 28th, 2008Lot of credit unions offer Christmas Club Accouts. If you struggle to pay off the credit card bills after the festive season then these Christmas Club Accounts are made just for you.
It is basically a savings account (with limited features) with withdrawal restrictions. Here is a list of what most of these accounts offer:
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ASX Classes
Friday, June 27th, 2008Australian Stock Exchange Website has a very comprehensive and easy to use website. It has a wealth of information and resources. I have listed a few of the major features of this website:
1. Offers online courses
2. Information about offline courses - you have to pay for these lectures
3. Free online sharemarket games - both for [...]
Australia - Number 10 On Global Rich List
Thursday, June 26th, 2008For the past 12 years, Merrill Lynch and Capgemini have been releasing a very comprehensive report into the factors that drive and inhibit wealth generation and how these factors have been affecting the high networth individuals across the world. The report is called the ‘World Wealth Report’.
A few weeks ago the 12th Annual World Wealth [...]
Net Medical Expenses Tax Offset
Thursday, June 26th, 2008You can claim 20% of your entire family’s total out of pocket medical expenses - provided the total out of pocket expenses is more than $1500 in a financial year. Lets try to understand what this offset means:
Out Of Pocket Medical Expenses
This is the total medical expenses for your entire family minus the money [...]
Credit Unions - A Good Alternative To Most Banks
Wednesday, June 25th, 2008According to ‘National Credit Union Association Inc, today there are over 150 credit unions, with 3,500,000 members with assets in excess of $34 Billion. Credit Unions offer almost all the facilities of banks but unlike banks they are ‘not for profit’ organisations. Credit Unions are owned and controlled by people who use its services.
The [...]
Federal Budget 2008 And Families
Monday, June 23rd, 2008The federal budget 2008 has been received with mixed reaction…Here are the new rules/changes that affect the families….Read through and see how you are affected:
Medicare Levy Surcharge Threshold Increase
Currently the government charges a levy for people who earn a certain amount but don’t take private health insurance. From July 1st 2008, the threshold for the [...]
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