March is the national month for festivals, concerts and other fun stuff, which is why this month’s video blog is all about the importance of budgeting for fun. Many of your financial goals will be big (like saving for a house or car), but it’s also good to have smaller goals in your budget. Fun stuff, like budgeting for a concert ticket, gives you milestones to look forward to while you work towards your long-term aims.
If you scroll down, I’ve also provided a list of some of the country’s major events this month with dates and web links. Have fun!
Tammy May’s March 2014 video blog
Selection of March 2014 events going on around the country
- Adelaide Fringe Festival (SA), 14/2-16/3 www.adelaidefringe.com.au
- Byron Bay Film Festival (NSW), 28/2-9/3 www.bbff.com.au
- Enlighten Canberra (ACT), 28/2-8/3 www.enlightencanberra.com
- Adelaide Festival (SA), 28/2-16/3 www.adelaidefestival.com.au
- Melbourne Food & Wine Festival (VIC), 28/2-16/3 www.melbournefoodandwine.com.au
- Quiksilver Pro Gold Coast (QLD), 2-13/3 www.quiksilverlive.com/progoldcoast
- WOMADelaide 2014 (SA), 7-10/3 www.womadelaide.com.au
- Moomba 2012 (VIC), 7-10/3 www.moomba.com.au
- Sculpture by the Sea Cottesloe (WA), 7-24/3 www.sculpturebythesea.com
- Top Gear Festival Sydney (NSW), 8-9/3 www.topgearfestivalsydney.com.au
- Formula 1™ Grand Prix (VIC), 13-16/3 www.grandprix.com.au
- Melbourne Fashion Festival (VIC), 17-23/3 www.lmff.com.au
- Melbourne Flower & Garden Show (VIC), 26-30/3 www.melbflowershow.com.au
- Melbourne Comedy Festival (VIC), 26/3-26/4 www.comedyfestival.com.au
Last week I wrote about helping ageing parents with their finances. This week I want to talk about the other end of the spectrum—adult children living at home. At MyBudget, we regularly help people who are trying to prepare for retirement but still have grown-up kids living with them. They love their kids, but they worry about what it means for their finances.
It’s a complex issue. For the most part, young adults want to be independent and there are a variety of reasons why they might stay at home. The over-representation of young people in unemployment and low wage conditions is one factor, but there are also those who see living at home with Mum and Dad as a sweet deal. (You’d be surprised how many big kids are living rent-free.) Continue reading
There’s a saying I once heard: If you want to live a long life, you have to look forward to a lot of old age. And Australians are certainly getting older. In the early 1970s, people aged 65 or older made up just eight per cent of our population; by 2001, they represented 13 per cent and in the coming decades are estimated to reach around a quarter of the total population.
It’s inevitable then that more people will need to help ageing family members with financial decision-making and money management. For individuals, the level of involvement needed will depend a lot on their parents’ financial position and their ability to manage their own affairs.
The question is: What’s the best way to tackle discussions with ageing parents about their finances? Continue reading
February is the month for barbeques, beer, backyard fun and… burglaries. Our houses are more open and empty in the summer, and crooks know it. But there are some easy, affordable ways to make your home more secure. Continue reading
Are you making plans for Valentine’s Day? Remember, love is free and romance is all about the sentiment. Here are some tips for keeping Valentine’s Day romantic and affordable.
Tammy May’s February 2014 video blog
Need more inspiration? Here are 10 Valentine’s Day gifts for under $10…
- Bottle of bubbly. There are 40+ varieties for under $10 at Dan Murphy’s.
- USB flash drive. Load it with your favourite photos or music. 8GB for $5 at OfficeWorks.
- Yoga mat. See Sam’s Warehouse, Crazy Clark’s and other discount stores.
- Photographs. Photo enlargements start at 25 cents for 5” x 7” prints at Big W.
- Scented candle. Pillar candles from $5 at Dusk.
- Portable speaker. Speakers start at $8 at K-Mart. (Even cheaper—earbuds from $4.)
- Chocolates. Haigh’s boxes start at $6.95 or M&Ms $4 for 200g at Woolies.
- Picnic at the park or beach. Woo your valentine with sandwiches and a bottle of wine.
- Sweet treats. Magnum Minis start at $6 a box at IGA.
- Gift of service. Buy yourself a $6 apron from Target and get to work!
Saving for a car? The ticket price is just the beginning. On-road costs and running expenses quickly add up. Here’s a checklist to help you budget.
As I’m writing these words in the lead up to Australia Day, I’m conscious of the changes going on in our country. Holden is closing up shop, Darrell Lea has already gone, and Rosella, too. Qantas is crying poor and Billabong is up the creek without a paddle. It’s clear that the Australian economy is changing and many households will be doing it tough in 2014.
But the news is not all gloomy. Continue reading
The current pension age is 65, but by 2023 it will be 67. In my video blog this month, I explain the changes and what they mean for you, no matter what your age.
Tammy May’s January 2014 video blog
MyBudget would like to share this important update with you.
Changes to privacy laws now allow credit reporting agencies to collect information about your repayment history on consumer credit payments. Although the new law will not be effective until March 2014, the data may be backdated as far as December 2012. Continue reading
Happy New Year! As the current year draws to a close, it’s time to start focusing on your goals for 2014. What do you want to achieve with your finances next year? It’s an important question because without a destination in mind it can be easy to go nowhere.
Goal setting is a vital component to success in life as much as in personal finance. Goals provide us with focus, motivation and a blueprint for making our dreams come true. Continue reading