If, like many others, your life and money feels a bit like a juggling act - paying bills here and there… and “Uh oh, forgot about the council rates, guess that one’s going on the credit card”. You may be thinking that having some extra cash would solve a lot of your problems.
It’s always that time of the year when our thoughts turn to summer holidays, but amid the excitement of choosing a destination, neverforget to arrange travel cover. In the last three years, one in three Australians have headed off internationally without the protection of travel insurance.
I recently came across a news story about a hapless New York couple, who have taken their 30-year old son to court in a last ditch effort to get him to move out of home. My first thought was “only in America”. But here in Australia, high rents and low housing affordability are seeing plenty of parents shelve plans for an empty-nester lifestyle as their 20-, 30- and even 40-something offspring show no signs of leaving the family home.
The choices we make in life have a big influence on our personal happiness and also on the wellbeing of those we love. Sometimes we anticipate choices with a sense of excitement. And sometimes life throws us curve balls in the form of unexpected events and important decisions.
Every parent wants the best for their children but kids often won’t listen to the wisdom of your experience, especially when it comes to money. Don't give up! Here are some of the common beliefs and misconceptions kids have about managing money—and how you could get them to take your advice.
Using goals to achieve your dreams
Many people don’t find budgeting and saving easy, nor is it on top of their priority list. Most of us are programmed to look for short cuts, or believe that with a bit of luck – and rising house prices – ‘we’ll be right’. But in reality, saving for the lifestyle we want does require a degree of discipline and an active interest in looking after your finances. And one of the easiest ways to do this is by setting up some short, medium and long term financial goals.
Northern Territory Concession Scheme and Northern Territory Seniors Recognition Scheme
From 1 July 2018 the Northern Territory Government will introduce the NT Concession Scheme (NTCS) and NT Seniors Recognition Scheme (NTSRS).
More than 24 000 Territorians are currently members of the NT Pensioner and Carer Concession Scheme. These members will transition to the new NTCS and may be eligible to join the NTSRS.
Members of the existing scheme have until 31 December 2018, to confirm their eligibility for the new schemes, they will not be affected by the 1 July change over.
Benefits of the new NT Seniors Recognition Scheme are not available until members have confirmed their eligibility.
Members will continue to receive the concessions that were available as part of the previous scheme but with capped amounts for electricity and water.