Comments for The Fiscal Mum

Comment on The New Child Care Rebate – what you want to know by Orr

Orr — Sun, 29 Apr 2018 11:50:10 +0000

Hi Rebecca,
we’re wondering about the hours per fortnight spent “looking for work” after all with a child at home the hours actually actively looking for work might be only a couple of hours at night which would not add up to much. How do we report on this? would we report the number of hours per fortnight that we wish to be employed for?
Thanks

Comment on The New Child Care Rebate – what you want to know by Shannaelee

Shannaelee — Fri, 20 Apr 2018 04:53:57 +0000

I am completely freaking out! I did the new subsidy estimator and everytime I do it, it’s telling me I’m going to be paying DOUBLE what I currently pay for child care/before&after school care.

Comment on The New Child Care Rebate – what you want to know by Melissa

Melissa — Mon, 04 Sep 2017 09:02:42 +0000

Per child works much better. I didn’t really notice anything that said per child so assumed it was total.

Comment on The New Child Care Rebate – what you want to know by Rebecca Maher

Rebecca Maher — Mon, 04 Sep 2017 03:11:02 +0000

Hi Melissa!
To answer your questions – there are three levels of activity test. To be eligible for 36 hours per fortnight you need 8 – 16 hours of activity per fortnight. The way the system currently works re the eligible hours of subsidised care is per child. So I don’t see why that would change – meaning you would be eligible for 36 hours per fortnight per child for 8 – 16 hours of activity per fortnight. I hope that clarifies for you!
Rebecca

Comment on The New Child Care Rebate – what you want to know by Melissa

Melissa — Mon, 04 Sep 2017 01:35:02 +0000

I tried to work it out but hadn’t found the link for the estimator. I think I get it now that I entered all the figures in. By July I’ll just have OSHC and no more long daycare yay. Just a bit concerned about the cap of eligible hours when it comes to school holiday program as it said 35 hours p/fb which I’m assuming is for both kids not each kid?

Comment on 10 Signs your money & finances are on track by Bruce dawson

Bruce dawson — Sun, 06 Aug 2017 18:50:39 +0000

Excellent article.

Comment on How to prepare for an interest rate rise by Rebecca Maher

Rebecca Maher — Sun, 23 Jul 2017 01:51:38 +0000

That’s awesome Cath! I think people often don’t even consider the possibility of selling when it comes to the property market in Sydney & Melbourne especially. There is this false sense of security that property only ever goes up and a forgetfulness about the true cost of owning & managing investment properties even in a lower interest rate environment – let alone one where interest rates are rising. But as you will know, property moves in cycles just like any other market and sometimes it makes sense to take money off the table if you’ve made money and see returns diminishing into the next cycle. And moving to a position of being debt free sounds like a great idea if it’s somewhere you can see yourself living and enjoying your life!! I say go for it! 🙂 xx

Comment on How to prepare for an interest rate rise by Cath @ Get Money Wise

Cath @ Get Money Wise — Sat, 22 Jul 2017 02:55:53 +0000

Definitely didn’t cringe at your selling suggestion. In fact it is exactly what we just did. We sold one of our IPs as cash flow was going to start pinching if rates keep going up.

We are actually even considering selling up in Sydney and moving to a regional town where we could own a place mortgage free.

Comment on How credit card applications affect your credit score by disaster restoration service

disaster restoration service — Wed, 04 Jan 2017 06:44:50 +0000

You ought to be a part of a contest for one of the most
useful websites on the internet. I am going to recommend this blog!

Comment on Do I need life insurance? by Rebecca

Rebecca — Mon, 29 Aug 2016 04:49:53 +0000

Hi Tracey,
There are several differences as well as advantages and disadvantages to having insurance inside vs. outside your superannuation. With insurance policies, insurance claims are typically paid to the policy owner. With an insurance policy held outside superannuation, the policy owner is typically the individual whereas with an insurance policy held inside superannuation, the policy owner is the typically the trustee of the superannuation fund – meaning insurance claim payments are typically made to the trustee of the superannuation fund and then distributed to nominated beneficiaries of the fund or policy so long as a condition of release has been met allowing funds to leave the superannuation environment. If you are contemplating this issue for yourself, I would recommend that you seek independent personal advice as your individual circumstances will determine the most appropriate insurance for your needs. I’d be happy to help you – please email me directly at [email protected] if you would like to talk to me about your situation 🙂 Rebecca x