Live the dream – Beach, Boats and Golf!
Maximise Your Raise BY FRAN SIDOTI OF WWW.SAVINGSGUIDE.COM.AU
M 13 Bremen Lane, Pt Kennedy WA ONLY $595K !!!! • • • • • • • • • • •
Backs straight onto golf, views out to the ocean Only 2 Yrs old, 2 story 4 x 2 quality family home. 3 separate living areas for great family space. Features huge 2nd upstairs family room with kitchenette Air con plus ceiling fans. Designed to lap up the breezes. S/steel kitchen, 900mm cooking, d/washer, & range-hood. Fully fenced, well established native gardens, auto retic Tranquil position, quiet and secure. Only one neighbor, ever! Short walk to beach, golf, schools, shopping, medical & bus. Just down the road from the new boat ramp facilities! Close to freeway & train. 45mins to Perth CBD
PH: 0417 206 350 or Email: bgd63@bigpond.com
Harvey Racing “The Complete Package”
ost people live to their income. As much as we swear we won’t, whenever we get a pay raise, we tend to accumulate that money into our lifestyle as opposed to making some big financial advances with it. Our lifestyle becomes more expensive as our income increases. So why not buck the trend this year and make the most of your pay raise. It’ll save you money in the long run. Here’s how, inspired by Five Cent Nickel. Pay Off The High Interest Card If you’ve got a couple of credit cards and are finding it hard to stay on top of the repayments, use your pay raise exclusively to knock off the highest interest card. It’s a concrete goal and will not only help you save actual money, in the form of interest, but has a motivating effect when it comes to your other cards. Get An Emergency Fund Emergency funds are as unsexy as things get. They’re the completely no-fun option when it comes to personal finance, and I can understand the feeling that they’re the last thing you want to do with your hardearned raise. Unfortunately, no one likes an emergency fund until they have an emergency. Save yourself the heartache and put your pay raise into an emergency fund. It won’t earn you any money, but it could save you a huge outlay in the coming years, whether a health concern, job loss or major accommodation issue. Just Super If you’ve already got an emergency fund and pay off your cards at the end of every month, you’re doing brilliantly. Now might be the time to think about putting some extra money into super. If you can invest your raise into your voluntary contributions, you’ll earn some money by the government matching your contribution up to $1,000. It’s also all taxed at 15 per cent, which is as low as it gets when it comes to investments. On top of which, that extra money can earn compound interest and convert your retirement from workable to comfortable.
SERVICES At Harvey Racing we provide the following services for our clients • Professional Racehorse Training • Yearling Selection and Advice on Pedigree • Dedicated and Experienced Staff • Personalised Service
• Owner Involvement • Top Class Facilities and Stables • Agistment • Breaking
Todd Harvey, Manager 0412 443 002 | todd.harvey@live.com.au 89 Mathieson Rd ASCOT WA 6104
www.harveyracing.com.au
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Issue 21
www.inflightmagazine.com.au
Insure Thyself Insurance premiums are a cost we often delay. We probably have the basics, but if you’ve got a spare bit of money suddenly coming into the bank account, why not think about investigating whether your insurance has you completely covered? Home and contents insurance, life insurance, disability protection. You need to know where you stand, and can think about whether you need further cover once you’ve got your raise. Fun Money I read an article recently about the role of fun money in relationships; the small amount of money that each spouse has and can spend with no questions asked. Let’s take that wider, and invest in fun money for each of us. I’m not suggesting spending your entire raise on concert tickets, just using a small proportion of it every month as money you spend without guilt. You earned it, you should be able to spend some of it on yourself. n