My husband and I celebrated our 1 year wedding anniversary over the weekend with a trip to Sydney. It’s hard to believe I am born and raised in Australia and had never been to Sydney before, so my husband had to put up with me being as excited as a tourist to visit all of the attractions. It really is a very beautiful place, and luckily for us the weather was perfect.
As we celebrated over some amazing seafood (and wine), we were reminiscing about our teen years, and how much importance our respective parents put into credit ratings. “You need to get a credit card to get a credit rating; otherwise you can’t buy a house”. The situation seemed pretty dire.
At 18 we both went out and got credit cards to make sure our credit rating was ok incase we needed to buy a car or house. Luckily we are not the type of people to abuse the credit card system so this didn’t really affect us; however credit cards have Continue reading →
I just spent the weekend with some of my favourite people. A weekend away with these girls tends to involve wine, cheese, dancing and super in-depth conversations about anything and everything with no boundaries on topics.
Within the group we all have our own professions and because of this we are all able to add value with our individual expertise, although with 4 teachers in the group, you could say that children in general were pretty well covered. Starting my blog has enabled friends and acquaintances to feel comfortable enough to ask me questions and pick my brain on all things finance and I am pretty happy to oblige.
If I can help people understand a specific concept or answer a question, I am just happy that people are interested in their finances. The questions asked Continue reading →
In keeping with the theme of being transparent an honest about my personal financial situation, I have come up with the 5 main money rules that I live by. It’s all well and good to have amazingly structured investment strategies, and financial spreadsheets, but it’s all about getting the basics right in order to have the cash for the investment strategies.
So I thought about what I do on a daily/weekly/monthly basis and have come up with the following that I honestly think can apply to pretty much everyone.
1.Take out my spending money in cash – I allocate a certain amount of ‘play money’ per week to myself. This is for whatever I want. Mainly it is used to go out for dinner, coffees, magazines, the odd nail polish here and there or a flick at Continue reading →
I don’t know about you, but if I am handing over money, I usually want to get something in return for it. Sounds pretty simple doesn’t’ it? If I go into a clothes store, I don’t usually walk up to the counter hand over a $20, and wave good bye to the cashier as I happily leave empty handed. Ridiculous!
If however you don’t have private health insurance, this is essentially what you are doing. A Medicare levy surcharge (tax) of between 1% to 1.5% is payable for all of those who do not have private health insurance. Pretty common knowledge I guess, but let me put it into context for you.
If you earn over $88,001 a year (or $176,001 as a household), and have no Continue reading →
I pride myself in practicing what I preach when it comes to finances and financial planning. How much of an authority could I be on the subject if I didn’t? Prior to my financial planning career however, and maybe even in the early days I have made a few financial mistakes that I thought I would share with you, because hey, we have all been there.
So, this blog post is opening up my financial ‘embarrassing moments’hopefully to show Continue reading →
Well if you thought it was me who was having a baby, then my evil plan worked. My sister and I do look very similar, even to the point where people have asked if we were twins.
Clearly my sister is expecting her first baby, and in turn I am expecting my first niece and I couldn’t be happier. It totally excites me to think of all the amazing toys and outfits that I can buy for her as well as all of the incriminating things I can tell her about her parents as she gets older. I honestly can’t wait to meet her.
Warren Buffett, arguably the best investor of all time, and still is at the ripe old age of 83.
Probably the most famous Warren Buffett quote: ‘ We simply attempt to be fearful when others are greedy, and to be greedy when others are fearful’ , or in my words, invest where others are not.
It is a pretty scary concept, but there is a lot to be learned from Mr Buffett. He views investing as a long term strategy and I couldn’t agree more. You should be in it for the long Continue reading →