Money Mindset, Personal Finance

Are You Getting a Tax Refund / Bill? How I Worked Mine Out

If you haven’t read my first post on tax – how it works, why you got a refund, why you should pay your bill, plus FAQs, check it out here.

If you’re a sole trader (self-employed) or business with 30% or more decline in revenue due to COVID-19, you may be eligible for a COVID-19 wage subsidy. Here’s more info on financial support during COVID-19.

Hi everyone,

It’s nearly the end of the financial year! You know what that means – EOFY sales (yay!) and tax refunds – or bills.

Tonight, I worked out if I was getting a tax refund or a tax bill. In case you were curious, I thought I would share how I did it and how you can too – so that perhaps, you can either have a tax refund to look forward to, or prepare early in advance for a tax bill you’ll now be able to effortlessly pay off!

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Budgeting, Money Mindset, Personal Finance

How I Got 10% More of My Pay

Hi friends,

Recently, I discovered a way to get 10% more of my pay. Not to be confused with getting 10% more pay, I made a few simple changes over the last few months to get 10% more of what I already earn. Today I’d love to share with you how I did it, and how you can too.

It all started when I made a mindful habit of reading my payslips. One day, I realised that there was a large discrepancy between my gross income and my take-home (net) income – specificially that I was receiving about 74% of my salary in my weekly pay. To give you an idea, here’s the same percentage based on different salaries:

If your salary is $52,000, making your gross weekly salary $1000, you would be receiving a net weekly salary of $740.

If your salary is $60,000, making your gross weekly salary $1154, you would be receiving a net weekly salary of $854.

If your salary is $45,000, making your gross weekly salary $865, you would be receiving a net weekly salary of $640.

Quite a difference, isn’t there?

With some easy steps, I managed to close the gap and lessen the difference between what I ‘earn’ and what I receive. I’d like to make a small disclaimer and highlight that these were personal decisions. With that, here are the steps I took.

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Homeownership, Personal Finance

How to Buy a $650,000 House in NZ

Trade Me Property Search

Hello friends,

Today I will be answering a big question: how might two people earning an average salary buy an average priced property in New Zealand?

Writing this out of curiosity and to inspire & inform, I need to make a few disclaimers. The first is that I will be making assumptions. The second is that I will be over-estimating and simplifying numbers & figures. Banks and financial entities have this disclaimer when presenting their calculators – and creating hypothetical scenarios here is no different because it’s not realistic to personalise this to everyone’s individual situation.

In saying that, I’ve chosen what I believe to be realistic – of the average millennial earning average dollars buying an average house – based on my experience, my knowledge of others’ experiences and good ol’ fashioned research!

I hope this helps to give you an idea of how two people in New Zealand might buy what is officially called an ‘affordable home’ in New Zealand, at the humble price of $650,000.

Let’s call them Jessica and Noah!

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Lifestyle, Money Mindset, Personal Finance

Is the Entertainment Book worth it?

Baduzzi.jpg

Recently, my partner and I made the exciting yet slightly unsure decision to buy an Entertainment membership. You may have heard of the Entertainment book, which claims that you can “discover thousands of valuable 2-for-1 and up to 50% off offers for many of the best restaurants, cafés, arts, attractions, hotels, travel, shopping and much more.”

How true is this? Today, I’d like to share with you our experience so far.

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Homeownership, Money Mindset

First Steps You Can Take Today Towards Buying a Home in NZ

Hi friends,

Recently, I shared my personal home buying experience in Auckland, and at the end, I share a few helpful resources that I used. Today I’d like to expand on these, and share a few steps I’d recommend if you are an aspiring homeowner in New Zealand.

It can be overwhelming with the amount of information out there, so hopefully I can condense and simplify some of it for you. Some of these, like Kiwibuild, are extremely new developments that didn’t exist when I was looking to buy a home, but now do, thanks to our government. Aren’t we blessed to have access to such a wealth of resources and support?

Without further adieu, here are steps you can take today towards buying your first home. I hope they help!

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