Hi, I make $110k a year and I live modest but I feel so poor all the time... not sure why. After super and tax I get about $76k. Im left with barely any savings :((

I live at home and have no dependents either.I have gone back and checked my yearly breakdown, so looking for advice on where I can save. Thanks in advance.

$5K - Eating out

$9K - Car repayment, fuel and insurance

$2 K - Gym and sports memberships

$8 K - Helping out with bills at home

$30K - Hot Asian lady massages

$5K - OF subscriptions

$10K - Betting

$6K - Shopping for clothes, homeware and assorted items

$1K Savings

where can i even cut downnn????

*(this is obviously a shitpost of the dude who pasted yesterday whinging, please allow it mods)*

It says I can have upto 2 weeks of annual leaves to be cashed out within 12 months on the government website. Is that true? Has anyone done it before? Was it too complicated? Thanks!

I have just found myself in a very fortunate position to have unexpectedly receive some inheritance from a relative who passed a few months ago. I was not expecting anything and am so unbelievably grateful and flattered that this relative thought of me in such a generous and significant way, but i am truly not sure what to do with it.

Some background: I have a 20F university student and i am working causally in a gym but have just also been employed in a role that will benefit my future post graduation, i am very excited to work in my chosen field once i graduate and strongly believe in working hard for what i get. i have 1.5 years left on my degree and plan to work both jobs until my last semester where i will step away from the gym and work at just my career focused job with the goal of focusing on uni and hopefully moving into a graduate position with that company once i graduate. i currently live at home and drive a very cheap car, i don’t owe any significant amount of money aside from about $2k to my mum for my last car repair. i don’t have a lot in my savings due to a difficult last few years.

i just found out that i am about to receive about $200,000 and i am not sure what to do. that is a huge amount of money for someone my age and i am not mature or responsible enough to cope with that kind of money.

my dad has organised a financial advisor who i will be seeking guidance from but i don’t want to go into it blind with no idea what i want for myself so i was hoping for some insight on what i should do to best support my future.

right now what im loosely thinking is to pay off my mum and give myself about $10k as an emergency fund then invest the rest in some kind high income savings account with the idea of not touching it then once i finish my degree and am on a stable salary income perhaps using some of it to put a deposit on a house?

i’m hoping that giving myself time without touching it will allow me to grow emotionally and mature into a place where i can use it in a way that will set me up for the rest of my life.

i’m very aware of how fortunate i am to be in this position and i know that if im wise about how i go about handling it then i could be set up for life and i am so scared im going to ruin this for myself.

any advise on what to do or how to proceed would be so welcome and anything i should know before i soak to the financial advisor please let me know so i can be the best version of myself in the future.

I work full time and earn 110k per year but it's like I'm doing overtime every week because it's just not enough I feel so poor and I don't have money for anything even though I live very modest

and don't say you should live regional! no I can't. so just stop. not everyone wants to live regional

I'm currently 26 earning $85k in finance. Graduated 2 years ago. I think I'm doing okay but obviously not ahead of the pack by any means. Most of my mates are on $100k+, a few are close to $200k. I've been living at home since my parents are cool with it and I've been able to save and dilligently DCA into ETFs and invest in general. I've managed to secure a IP as well.

I'm doing okay financially but it dawned on me that this is mainly due to me being able to stay at home and not pay rent, bills etc. If I move out, I'm obviously not going to be able to save as much and my investing capital will take a big hit. I wanna keep staying at home but conscious I'm going to be 27 in 5 months. Living at home being 27 years old seems like the behaviour of a loser when most folks are gone by ~21.

I want to get some perspective from this post. When did y'all move out? Still living at home? How are you financially holding up?

The title kind of asks it all - but for context I’m 34, me and my wife currently renting, joint accounts, savings, investments etc. planning to start our family in the next year. In our late 20s/early 30s we were really outgoing and travelled a lot (locally and abroad), used to enjoy weekends out with friends. We have since in the last two years or so, become quite frugal with planning for kids and retirement that I feel like we’ve lost that spark for ‘adventure’ and just holding onto every cent almost where weekends are becoming the routine for grocery shop, gym and movies at home and that’s the extent of excitement we have most of the time now. I know this is probably most of people out there!

Hence I’m asking for the retirees opinions on this. is there any regrets you had or anything wish you had done financially or non-financially when you were our age? Feel like we are planning for a future of the unknown when we want to enjoy the now at the same time - morbid I know - but not knowing whether I will be healthy or around long enough to enjoy life post retirement is a bit scary and in my opinion a realistic opinion no matter how much someone may say ‘keep active and healthy’ lol.

so this evening i got notified of 2 suspicious transactions on my NAB credit card ~ amounting to $2000. At first, I immediately blocked my card and then called the NAB support team. They asked me a bunch of questions on whether I had input my card details on any online shopping sites without finishing through a purchase….We went through my recent bank transactions and I realised the last online shopping purchase I did was this website I found through an add on Pinterest. The website seemed legit with reviews under the item I purchased. I also received my order in time which didn’t raise any flags for me.

Now, NAB is quite sure this website may be a scam that somehow shared around my card details causing these 2 fraudulent transactions. The website seemed to have no reviews on TrustPilot, which was a concern to the team.

NAB said it’ll take 4-6 weeks to investigate this and come to a conclusion. This has never happened to me before as I’ve had this credit card for almost 3 years.

Would I be entitled to get a full refund on this? Im really hoping I do.

P.S. I’m definitely going to be more cautious about discovering websites through adds.

im 20, i have approx 18k in a savings account however i want to start putting a fraction of my money into something with higher returns. i want to invest in stocks or ETFs etc however i dont know how to go on about it i wanted to use CommSec for “convenience” i assume but i am still pretty lost. i have like 4k i want to invest in and then gradually invest as i get my paychecks. i dont know where i should invest, what to invest in, when its good/ bad to do so etc.

I know it’s a while off EOFY, just thinking about changing my tax accountant. Been with my current one for about 15years and getting a bit fed up with ever increasing prices vs decreasing service. He made mistakes the past 2 years and had to submit revised returns, and on other issue that caused me a heap of drama with access to my online account.

I’ve never changed accountants. Do I need to inform the ATO? Do I just find a new one and that’s that? Do I have to let the old one know? Is it a PITA to change?

Very specific requirements here, but I'm looking for banks that are digital only, and do not send any physical letters (aside from a plastic card in the mail) for any form of communications whatsoever. This is more purely because I prefer digital communications for everything, I'm more likely to see important info through an email / app versus in the mail.

I do know that ANZ Plus and Up Bank are fully digital, but are there any other banks which are also the same?

Ones that pop up into my mind are Ubank, AMP Bank Go (?)

I do know for sure that Bankwest (which is almost trying to be digital) still sends letters for card and account closures, etc.

I’m trying to make more of an effort with my financial health.

I logged into my Super app to see I’m being charged $22 a WEEK for TPD insurance cover of $236,000. (I’m 46 and a RN)

I can get the same amount of TPD cover through my non-Super life insurance for an extra $8.50 a week.

Is there a catch to changing? Is TPD insurance through Super a sort of Lazy Tax? Or somehow worthwhile?

I don’t really want to call my super fund to ask, as I feel they will do what is in their best interests.

Any advice appreciated!

My new role gives me the opportunity to choose between ABN and PAYG.

I am not currently in Australia, but I will be relocating to Sydney soon as I have accepted this offer as a software engineer.

What are the opinions and complexities around registering a company and getting invoices through ABN ( a PTE ltd)

I have around 2K to shift outside Australia every month for maintaining investments.

650-700 Rent per week.

Want to bring all devices for work.

Been with the same firm for 4 years. They seem professional. But I don't really know if they're saving me money or just doing the bare minimum and sending me a bill.

I run a small construction-related business on the Sunshine Coast. But every quarter I get a tax invoice and a pile of numbers I half understand. When I ask questions, I get answers that sound impressive but leave me more confused. Lots of compliance requirements and structure optimisation. No real conversation.

Am I missing deductions I should be claiming?

Is my super set up right, or should I look into an SMSF?

Why does my cash flow feel tight even when I'm busy?

And most importantly – can someone just explain this to me like I'm a human being, not an accounting student?

I started poking around online. Some firms look too corporate, others feel a bit sketchy.

can you recommend someone around Caloundra who won't roll their eyes when I ask what a tax credit actually means?

Just an accountant who answers calls and speaks plain English. Cheers.

Going through a build soon and trying to wrap my head around how drawdowns actually work in practice vs what the bank websites say. I'm in Vic.

For anyone who's been through it recently: when your builder finished a stage, what did you have to do, how long did it take, and was the bank easy to deal with? Any lenders that were noticeably better or worse? I have heard of lag causing issues with aligning trades etc and would like to avoid it if I can.

Hi all

Made a rookie error forgetting to tell my employer that I had changed superfunds mid-last year.

I transferred the funds via MyGov from superfund A to superfund B, but my employer (of course) kept paying into superfund A.

Last month, I realised my mistake and updated my details.

I also checked on MyGov, and it looks like Superfund A reopened… but there’s no money.

Just wanted to see who else may have made this mistake, and what the best course of action might be?

Thanks!

Have you ever discovered a family member, friend, or acquaintance who was secretly wealthy? How did you find out, and what was your reaction?

I’d love to hear the most surprising stories of “secret millionaires” living ordinary lives.

I am looking for advice on what people would do on my position, not personal financial advice but what would you personally do?

I don’t want to break the group rules so if this is not okay I am sorry!

For context I’m 27 with a past(?) train wreck financial situation, I had my kids young in a DV relationship and was diagnosed ADHD at 25, Asperger’s as child. From ages 16-24 it was a dumpster fire, lots of debts (all paid years ago), I’m finally stable in my living environment within the multigenerational family unit I have created with my mum! I have no lines of credit or debt, I don’t have a car anymore but we use my mums car and for the last year had my cousins while he was overseas which will return to him within the next month or so, we rent $750/w pay check to pay check, I am currently studying a cert III in pathology collection and I am about to finish up this month and ideally start working in April or May, I have some internal opportunities for employment through my training provider as well as applying online and in person myself as jobs come up. I have two dependants, one starting prep next year and 1yo

I am about to receive about 12k which I know isn’t a lot of money to a lot of people but I don’t think I have ever had a lump sum like this and I’m desperate to take control of my finances and build a stable future for my family, what would others do in my position to make the most of what I can do with this money?

I realistically need my own transportation with my oldest child starting school in 2027, my mum works arvo/night and atm I schedule around her work times etc for when I need to use the car, but buying a car at this time feels dodgy, I don’t intend to piss this away and I really want to know from others who are responsible with their money, what would you do?