Financial Tips and Treasures

Are you planning to lodge your 2013/2014 tax return online?

Posted:06.06.2014

Did you know that from 1 July, you will be able to do this using the newly launched myGov online service?

Once you set up an account with myGov, you essentially gain access to a secure online inbox. Here you will be able to receive online letters, statements as well as other important information from various government bodies such as:

  • Medicare
  • Centrelink
  • Veterans’ Affairs
  • eHealth Resources
  • National Disability Insurance Scheme
  • Child Support

The ATO’s Steve Vesperman said “You’ll be able to update personal information, keep track of your superannuation, pay any tax debts and keep tabs on the processing of your tax return…you can be confident that your personal information and records are secure.”

To set up your myGov account, visit my.gov.au.

Follow the conversation on Twitter at www.twitter.com/ato_gov_au and join the Facebook community at www.facebook.com/ato.gov.au

 

 

2014 Federal Budget At A Glance

Posted:05.17.2014

Budget at a glance

Infographic: Thanks to theconversation.com

Personally I’d like to see less spending on defence and welfare and more on education – since one would think the latter decreases the need for the former, however…

Here’s some other resources to help get your head around it:

  • Official papers : http://www.budget.gov.au/2014-15/index.htm
  • Summary & transcript : http://www.theguardian.com/world/2014/may/13/budget-2014-joe-hockey-speech-live
  • Fan of these changes : http://www.smh.com.au/business/federal-budget/federal-budget-2014-young-to-wait-until-25-to-get-dole-20140513-388di.html
  • ABC take : http://www.abc.net.au/news/2014-05-12/budget-2014-what-we-know/5439838 

Watch out for:

  • Family Payments : http://www.budget.gov.au/2014-15/content/glossy/welfare/html/welfare_08.htm
  • First Home Savers Account abolished: https://www.ato.gov.au/Individuals/First-home-saver-account/

2014 budget at glance info

You just changed a woman’s life

Posted:04.16.2014

10TG piot group loans

Actually two women’s lives.

Last night a group of 30 inspiring women around Australia gave two micro loans. These 30 women came from all walks of life – a mum from a farm in north west NSW, an artist from Melbourne, a mining consultant from central Queensland…

Over the last 6 weeks this powerful group of women completed the 6 Step Challenge, 10thousandgirl’s new ‘Michelle Bridges’ style online personal finance program. And they blitzed it!!

They documented their life plans, tracked their spending, worked out their net worth, negotiated rates on home loans, high interest savers and utility bills. They reviewed their insurance, consolidated super. They discussed investment principles and the behaviour of cash, property and shares. They opened super letters for the first time and made calls to their super fund to change their investment mix to fit with their age and stage. In week 4 they documented their personal investing plans, asking themselves:

  • What are my #1 financial goals?
  • How much money do I need for each goal?
  • When do I need it? What’s my timeframe?
  • What investment options suit that goal and timeframe?
  • What are my next steps?

And last night they wrapped up by mapping out their personal and professional support networks. They discussed the different professional support roles, how to find trusted advisors and learnt good questions to ask when approaching and engaging an adviser.

Then they wrapped up with an INSPIRATION FEST. Discussing what inspires them, who do they inspire? How do they stay inspired?

Well, wonderful women. You certainly inspired me. Thank you for your Ripple Effect. May it be felt across your life, among your family and friends lives, in your work and community life and as part of your program fee, you each donated $10 into a pool and were able to donate two micro loans, one to Merelita Marama and one to Linita Ponitini.

So thank you for your globally felt Ripple Effect… 

 

Merelita Marama, Nasautoka Fiji
Activity: Manufacturing
Loan Use: Sewing
Term: 26 Week

Some people are born with a natural talent. Merelita Marama (47) is one of them. She loves sewing for the people in her village and is a skilled seamstress. Merelita has built a steady client base among her friends, neighbours, office workers and church members. With her loan, she intends to buy more sewing equipment to help expand her business. Merelita is certain she will make greater profits, which will improve the lives of her four children.


Linita Ponitini, Tonga
Activity: Farming
Loan Use: Farm produce
Term: 52 Week

Linita Ponitini has three children under twelve. Her goal is to build a house for her family. She and her husband grow a range of crops, which Linita sells in the local market. But their profits are insufficient to cover both family and business expenses. So Linita is seeking a loan to buy seeds and seedlings to increase the farm’s production and yield.

Want to provide micro loans? Sign up http://www.goodreturn.org

Want to do the 10thousandgirl 6 Step Challenge? Sign up http://www.10thousandgirl.com 

Life Planning Workshop

Get a life and finance makeover ..and a beauty makeover! The first series of one day Life Planning Workshops are being held at Napoleon Perdis Makeup Academy venues in capital cities from February to June 2010.

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Personal Finance Program

Find out more about the one year Personal Finance Program. Available from June 2010, we're looking for girls to jump on the boat early. Provide feedback on each of the modules and receive your program free!

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  • 10thousandgirl Blog

    Are you planning to lodge your 2013/2014 tax return online?

    6th Jun 2014

    Did you know that from 1 July, you will be able to do this using the newly launched myGov online service?

    Life Is Beautiful. Stop And See

    20th May 2014

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