Financial Tips and Treasures

Getting on Top of Credit Card Debt

Posted:03.26.2013

Did you know the average credit card debt in Australia is $3500? And paying minimum repayments at the average interest rate of 21.5% could take over 90 years to pay off?

Shocking but true.

In a recent article in The Sydney Morning Herald ‘Plot a path to turn red into black‘, some basic tips to get yourself out of a credit card pickle were shared along with case studies which show it can be done.

Here are some other tips and resources to help get on top of debt and back into black:

TIP!! If you are consolidating debt, make sure you are careful of your credit rating, making multiple applications for credit cards etc can impact your ability to apply for a home loan etc. at a later date. Talk to your bank manager/s but don’t let them log any applications for you unless they’re 100% sure you will get it. You can check your credit history by getting a free copy of your credit report from these credit reporting agencies:

TIP!! Paying a little more than the minimum repayments on your credit card can mean the difference between having the debt for 90 years or 2!

Paying more than minimum repayments on credit cards

Start small, be strategic, keep on it and you’ll get there in no time.

DOWNLOAD FREE Ebook! 12 Kickstart Ideas To Refresh Your Life And Finances

Posted:01.22.2013

FREE Ebook! 12 Kickstart Ideas To Refresh Your Life And Finances

Happy New Year!


For some that sentence oozes expectation, for others it evokes a sense of anticipation and excitement.

Its mid-late Jan. Who do you resemble?

A) Ah I’ve set goals before, they haven’t worked, this year I didn’t bother
B) I set goals this year but I’m battling already
C) I’m kicking goals big time
D) My opinion on goalsetting is… we’d love to hear from you, please share!

Of course, at 10thousandgirl we’re firm believers in goal setting. After all, if you don’t know what you’re looking for there’s not even a chance you’ll find it!

To help we’ve put together an easy-to-follow goal setting and financial refresher EBOOK.

Feel free to download as many times as you like and share with your friends, family and work colleagues.

It’s a Ripple Effect!

DOWNLOAD Free Ebook! 12 Kickstart Ideas To Refresh Your Life And Finances



Protect Your Tax File Number (TFN)

Posted:10.22.2012


So did that picture capture your attention??
The ATO (Australian Tax Office) has put together some info on identity theft and your tax file number. It’s important reading 10thousandgirls!

Is your identity secure? It’s your identity – protect it!

Your identity is a precious thing, and it’s up to you to protect it!

Your identity is made up of your personal details like your name, date of birth, address and other information, including your tax file number (TFN). Your TFN is a unique nine digit number issued to you by the Australian Taxation Office (ATO). You may have applied for your TFN through your school.

Identity crime

Did you know if someone else finds out enough about your identity, they could impersonate you and use your identity for illegal purposes? For example, they could use it to access government benefits, access your bank account, lodge a tax return in your name or even take out a loan in your name. This is called identity crime.

How does identity crime happen?

Identity criminals take other people’s details by:

  • stealing purses, wallets, mail, or mobile phones
  • sifting through rubbish
  • advertising and interviewing for a job that does not exist
  • asking questions while pretending they are a government, bank or other representative
  • offering to help you complete a tax return or other official document
  • reading information on a social networking page online, or
  • tricking you into clicking on a link in an email, or web page that captures your details.

How can I protect my TFN?

  • Never give someone your TFN unless there is a good reason, such as completing a tax form or opening a bank account.
  • Never provide your TFN when applying for work, especially if you are applying for a job online.
  • Only provide your TFN to your employer after you start work.
  • Just like your PIN for your bank keycard, never store your TFN in your mobile phone, in your purse or wallet, or share it with your friends or family (including on social networking sites).
  • See our online security page (www.ato.gov.au/onlinesecurity) for tips on using computers safely and information about genuine ATO email and SMS campaigns.
  • When throwing away documents with your personal details on them, make sure you shred or destroy them properly first.
  • Report the loss or theft of your TFN or other identity documents without delay.

So who can I give my TFN to?

You should only give your TFN to someone who is authorised to ask for it. The most common people and organisations who are legally allowed to ask for your TFN are:

  • the ATO when discussing your tax records
  • your employer after you start work
  • your bank
  • the Department of Human Services
  • your super fund.

Help from the ATO

You should immediately report any loss, theft or misuse of your TFN, see www.ato.gov.au/identitycrime

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