Sometimes, despite the best intentions, an accident or illness can affect you or your loved ones. Such times are distressing for the individual concerned, and can also be disruptive to any business or workplace. Every situation is different, but a time could come when you are called upon to care for a close relative or household member. Fortunately, all full and part-time employees are eligible to take paid or unpaid carer’s leave in times of emergency.
Modern Australian households typically involve both parents engaged in occupations outside the home, or a single parent working full or part-time in order to make ends meet. The Australian Government provides Paid Parental Leave for parents or primary carers of newborn children. Paid Parental Leave can be provided for up to 18 weeks.
Paid Parental Leave Eligibility
Paid Parental Leave is available for the primary carer (usually the birth mother) of a child. You will need to meet Australian residence requirements, and earn less than $150,000 during the year prior to the date of the child’s birth. If you are employed, you will need to be on leave or not working for the duration of your Paid Parental Leave. You will also need to satisfy the work test requirements.
Understanding how interest affects your home loan is an important step in the loan process. Even if the interest rate remains relatively low it will still add up to a large portion of your total repayments over the duration of a 25-30 year home loan term.
Many people misunderstand how interest is calculated. For example, when investigating a $100,000 loan at 10% interest, a novice borrower might think the total amount of interest to be paid will be $10,000.
There are a number of ways to finance a car loan, and it’s important to know you are avoiding scams, not paying for things you don’t need, and getting the best deal possible. Paying cash for a new car is beyond the realm of most people, and even if you have cash to draw on, it may still not be the best financial option due to interest and repayment rates. More than likely your new car purchase will be financed by the dealership, a bank, credit union or other financial institution. There are a range of considerations to evaluate before you make your choice.
Saving money is something we all hope to do, and there are many reasons why setting up a savings account is a good idea. Anyone who has been short of ready cash will realise the difficulties that can result, such as a credit card debt spiral, inability to pay fees or fines on time, penalty payments and ongoing money worries. Of course, getting started with a savings plan is the hardest part, but even a little saved weekly or even monthly will shield you from life’s unwanted surprises.
Renovating a home can be one of the most fulfilling achievements for a home owner or investor. However, when things go wrong (as they inevitably do) your renovations can turn into a financial nightmare. Taking out a home renovation loan that is tailored to your needs can be one of the most astute financial decisions you will ever make.
Understanding which home renovation loan best suits your project is the first step toward a successful outcome. The ‘plan’ in financial plan is more than just an idea; it’s an essential factor in making sure you add maximum value to your premises. Unless you have savings set aside for your home renovation, you need to understand what type of loan best suits you.
Compensation for this post was provided by Firths Compensation Lawyers. Opinions expressed here are my own.
There is a common conception that bullying is something that only goes on in the school yard. Unfortunately, the tactic of domination by fear, intimidation or physical abuse often carries on into adult years, and is increasingly found in the workplace. Regardless of where the blame rests, bullying in all its ugliness is unacceptable, and perpetrators are accountable for their actions. There are Australian laws in place to deter bullying and compensate victims.
Compensation for this post was provided by Clime Value Investing. Opinions expressed here are my own.
Value investing is one of the simplest stock investment strategies, and also one of the most effective. You don’t even need to be a finance whiz or undergo a course in chart analysis. Value investing strategy means locating quality stocks that are presently undervalued. In other words, if you know the value of something and purchase it at a discounted price, you will get a bargain – and then make a profit.
Life Insurance is one of the soundest financial investments you can make. If you leave dependants behind, your policy will ensure they are financially secure and able to meet ongoing expenses.
Everyone is ultimately vulnerable to health complications and accidents, so it’s hard to understand why anyone with available finances would remain uninsured. It’s true that nobody wants to contemplate death for themselves or their loved ones, and when things are going along nicely, life insurance is easily forgotten. However, there’s no denying that life insurance cover could prove invaluable in a time of need.
It’s expected that home-buyers will become daunted by the complexities of the home loan application process. There are a number of regulations and laws that govern our capacity to obtain a loan. However, the process is relatively straight forward when the borrower, armed with knowledge, takes each step with clarity and caution. Here is a brief overview of the lending process that will ensure you are ready to get a good home loan deal.