FINANCIAL EMPOWERMENT

KNOW YOUR
WORTH
YOUR COMPLETE FINANCIAL GUIDE
1
01 I N T RO D UC TI O N
W HY YOU ’RE HERE

08 OUR C O N N EC TI O N W I T H MONEY
M ONEY vs. HAPPINESS

12 F I N A N C I A L I N D EP EN D ENCE
AN D FINANCIAL CONFIDEN CE

15 H O W TO BUD GE T
S AVING S G U IDES & TIPS

24 H O W TO S P EN D MO NEY
K EY WORD: WISELY

26 L AN D I N G A JO B
H O W TO SELL YOU RSELF

30 STA RTI NG A BUS I NESS

T H I NG S YOU SHOU LD KNOW

32 TA X ES , TA XES , TA XES
TAX ES 101

36 H E CS D EBT & STUD EN T LOANS

W HAT IT IS AND HOW TO RE PAY I T

38 R E L ATI O N S HI PS A ND FINANCES
JO I NT ACCOU NTS AND BR E AKU PS

40 H O W TO SAVE FO R A HOUSE
AN D HOW MU CH YOU NEE D

44 B U YI NG A HO US E 101
STE PS TO BU Y ING YOU R DR E AM H OU S E

46 RE NTI NG vs BUYI N G
T H E COSTS COMPARED

48 H O W TO A P P LY FO R A LOAN
STEP BY STEP

50
DEC I S I O N MA KI NG
TH E CHECKLIST

52 C RED I T C A RD S & C RED IT R AT INGS

IM P ROVE YOU R CREDIT SCORE

54 H O W TO I N VEST
IN VESTING MADE EASY

56 S U PERA NNUATI O N A ND R E T IR EMENT

H OW DOES IT WORK?

58 K NO W YO UR W O RTH
YO U'RE IN CONTROL

CONTENTS
 FINANCIAL
INDEPENDENCE
=
EMPOWERMENT,
CONFIDENCE,
POWER

3
HEY GIRL
Hello and welcome to your very own
financial guide!
Within the pages of this book you will find everything you need to
know when it comes to financial empowerment and what it means to
be confident, self-viable and in power of your finances.
It doesn’t matter what stage of life you’re in or what your bank account
looks like – the aim here is to boost your financial empowerment and
help you feel in charge and in control of your universe.
According to an online source 61% of women would rather talk about
their own death than money and 87% of women wish that basic
financial education was taught in high school. It’s time to break this
stigma and actually talk about money. This guide aims to educate you
about your own finances, and act as a go-to for any big financial
decisions you may face in the future.

INTRO D UC TIO N 5
 T I M E TO B E

HONEST
 LET’S SET SOME

GOALS
DECIDE WHAT IT IS THAT YOU WANT.

WRITE THAT SH*T DOWN.

MAKE A F*CKING PLAN.

MONEY GOALS: HOW DOES HOW DO YOU

MONEY MAKE WA N T T O F E E L
ABOUT MONEY?
YOU FEEL NOW?

MONEY GOAL 1: MONEY GOAL 2: MONEY GOAL 3:

S TEPS I WILL TAKE: S TEPS I WILL TAKE: S TEPS I WILL TAKE:

1. 1. 1.

2. 2. 2.

3. 3. 3.

W H E N D O I WA N T W H E N D O I WA N T W H E N D O I WA N T
TO AC HIEVE THIS? TO AC HIEVE THIS? TO AC HIEVE THIS?

IT WILL MAKE IT WILL MAKE IT WILL MAKE

ME FEEL: ME FEEL: ME FEEL:

INTRO D UC TIO N 7
connection
OUR

WITH MONEY
9
happiness?
DOES MONEY BUY

YES / NO
 C A N M O N E Y T R U LY
BUY HAPPINESS?
What do you think? This is a debate that has always When understanding basic human needs in reference to Maslow’s
split the room. Despite popular belief research has Hierarchy - in order to reach our full potential we must have certain
actually shown that to a certain extent money really levels of needs met. Many of these are dependent on money.
can buy happiness. Money does have a connection with each and every stage of
basic human needs – making it a direct influence on our
Not only does money have a connection to our mental state of mind,
happiness and survival.
but it also massively affects our body and physical health too. When
we talk about financial freedom it’s not just the feeling of doing If you had to create your own hierarchy what would you include?
whatever you want. Financial freedom relieves you of stress and the What basic needs do you need to survive? What matters to you on
unrelenting hold that money can have over our physical self too. a holistic level and what would help you reach your own version of
self-actualization?

"THE GOAL ISN'T MORE MONEY.

THE GOAL IS LIVING LIFE ON YOUR TERMS."

EXAMPLE:
This is a hierarchy of basic human needs, theorised
by Abraham Maslow. Every level of needs must be Try it out here... what matters to you?
met in order to continue to the next.

Physiological Needs: Physiological Needs:

House, rent, clothes, food.
Safety & Security Needs: Safety & Security Needs:

Home & car safety, job security, emergency money.

Belongingness and Love: Belongingness and Love:

Within your family, friends and community – having the option of

going out and making connections through events, dinners. Self-Esteem:
Self-Esteem:
Owning things. Having the confidence to go out and have fun Self-Actualization:
and make connections.
Self-Actualization:
Home owning, experiencing life, travel.

O U R C O NNEC TIO N WITH M O NEY 11

 finances
HOW OUR
AFFECT OUR HEALTH
M O N E Y v s H E A LT H
Believe it or not, health isn’t just about eating right and exercising. It
is so much deeper than that. So much so, that I’m betting you never
thought about how money affects your health?
Whilst money is a direct link to material items, it can also affect
our confidence, independence and feelings of self-worth. A study
surrounding money and mental Health discovered that half of all
adults with financial problems also have mental health problems. Do
you see the connection? How does money make you feel? Listen to
this feeling and work on bettering it every single day.
Thanks to Maslow’s theory we already know that money buys
essential needs to our physical survival including rent, clothes and
food however it affects us in so many other ways, too.
WAY S M O N E Y C A N A F F E C T YO U :
POSITIVE
ALLOWS FREEEDOM
BOOSTS CONFIDENCE
ABLE TO MAKE CHOICES
BASIC NEEDS ARE MET
FEELS SAFE AND COMFORTABLE
HOW DOES MONEY AFFECT YOU?
THINK ABOUT IT AND FILL IN THE BLANKS.
POSITIVE
F INANC IAL IND EP END ENC E
Income can cause severe problems in the community, nation-wide and
on a personal level. It has the potential to harm relationships, cause
violence and encourage self-harming thoughts.
But it doesn’t need to be this way. Money can be empowering in the
right ways without it causing damage or conflict – you just have to
know how to use it.
When you think about money try not to do it in a negative space –
think about all it can do and how amazing it is being able to support
yourself. Acknowledging that your finances have a hold over you is a
great first step into becoming aware of how it affects your health and
wellbeing – and how to overcome it.
NEGATIVE
CAUSES STRESS
ANXIETY & DEPRESSION
BASICS NEEDS CAN’T BE MET
PUTS TENSION ON RELATIONSHIPS
AFFECTS SLEEP AND WORKING LIFE
NEGATIVE
 MONEY
=
SAFETY
A HOME
FOOD
BELONGING
CLOTHES
EXPERIENCE

13
HOW TO
SAVE
BUDGET
SURVIVE
 HOW TO BUDGET
Budgeting is one of the most important factors in money saving there WHY YOU SHOULD BUDGET?
is. If you’re like me then you’re probably wondering why the heck
wasn’t this taught in school? 1. You can achieve your money goals
There are a number of positive reasons why you should create a 2. It controls your spendings and highlights bad habits
budget. Not only will this make you actually think about what you’re
spending your money on but it will also help skyrocket your savings 3. It allows you to remain on top of your bills
and help you achieve any goals you have set out for. 4. It can help you pay off old debt quicker
There are many effective budgeting tools out there but you essentially
5. It allows you to form an emergency fund
want to look at your income after tax, and take away the costs of
any bills, food, savings or utilities. The sum you are left with is your 6. It will keep you from feeling overwhelmed
spendings allowance or extra money you can put away for savings.
7. Keeps you organized, prepared and in routine
EXAMPLE: I got paid $600 this week, but I owe $100 in rent, $100 8. Small Bonus - keeps your mental state and mind clear
goes into my savings and $150 is spent on bills and food.
I am left with $250 to spend as I like! YAY!

TIPS TO MAKING
BUDGETING EASIER

START WITH THE MOST IMPORTANT THINGS FIRST eg. DEBT, BILLS, RENT, FOOD.

PHYSICALLY WRITING EVERYTHING DOWN HELPS TO UNDERSTAND YOUR HABITS.

ALLOW FOR PAYMENTS FOR EMERGENCY FUNDS AND LOANS.

BE KIND TO YOURSELF. IT TAKES TIME TO GET IT RIGHT AND BUDGET RIGHT.

KEEP YOUR SAVINGS GOALS IN MIND. LET IT BE MOTIVATION.

H O W TO BUD G E T 15
 BANK ACCOUNTS
YO U S H O U L D H AV E :
THE BIG SAVER
This type of bank account empowers you and allows you
to feel as if you are engaging in personal growth.
Having a savings account specifically for saving money towards a
larger goal or financial achievement is a great idea. This savings
account can help you work towards putting a deposit on your dream
house, travelling the world, starting up a business or even buying that
really nice car you like. Not only does this account help you save
towards something bigger it also empowers you knowing you are
planning for the future and can visually see growth happening.
How to create a savings account:
1. Set up a high interest savings account.
2. Give it a powerful name (eg Dream House).
3. Set up re-occurring payments.
4. DON’T TOUCH IT.
THE SPENDINGS
Having a spendings account allows you to feel free and
enjoy life in the moment knowing you have spare cash to
play with.
The spendings account is the money you allow yourself to spend
after you have put a percentage into savings and towards bills. The
remaining money in your spending’s is like a reward however be
careful not to get carried away! You don’t want to have to take out
from any of your other accounts!
The real gem is that you can do whatever you like with this cash…
ahhh the freedom.
How to create a spendings account:
1. Set up an Everyday account.
2. Name it Spendings.
3. Allocate a % of your pay to it each week.
4. Pay yourself and save the rest.
5. Don’t spend what you don’t have.
H O W TO BUD G E T
THE BILLS AND MAINTENANCE
This is the account no one wants to think about - but it has
its perks and let’s you allocate money towards bills.
Having an account allocated to bills and maintenance is not fun, but
necessary. This money goes towards rent, electricity, water, insurance
and any other adulty things. By adding a small amount of money to
this account you are ensuring that you are thinking ahead – knowing
that life doesn’t always go to plan and that you don’t want to fall short
and have to dip into your savings or spend your well earnt pay from
this week.
How to create a bills account:
1. Set up an account.
2. Work out your weekly/monthly bills.
3. Set up re-occurring payments for that amount.
4. Make sure you pay your bills on time.
THE EMERGENCY FUND
This account will give you an incredible sense of safety
and security and works as a safety net in the event of a
bad situation.
An emergency fund can be a lump sum you have put away or it
can be something you add to weekly in the case of any urgent or
unexpected costs. Sometimes, “whatever can go wrong, will go
wrong,” and it’s a great idea to plan ahead. Having an emergency
fund is a great way to battle these losses and remain on top of your
finances. Whilst there is no absolute magic number to have in your
emergency fund think about the costs of rent, your weekly bills, food
and transport that may need to be covered during an emergency-
like event. Try and estimate how long you might need to fall back on
emergencies funds for and plan for it. For example, one month worth
of bills and expenses might be upwards of $5000.
How to open an emergency fund:
1. Create a high interest savings account.
2. Set up reoccurring payments.
3. Keep it topped up and ready for anything.
4. Don’t touch it until you have to.
 SET
GOALS.
STAY
FOCUSED.
MAKE
MONEY.

17
HEY SIS, HEY SIS,
LET’S BUDGET. LET’S BUDGET.
TOTAL INCOME TOTAL INCOME
TOTAL INCOME TOTAL INCOME

BILLS & UTILITIES BILLS & UTILITIES

RENT / MORTGAGE RENT / MORTGAGE
GROCERIES GROCERIES
CAR PAYMENTS & FUEL CAR PAYMENTS & FUEL
PHONE / WIFI BILLS PHONE / WIFI BILLS
HEALTH HEALTH
OTHER BILLS OTHER BILLS

DEBT / REPAYMENTS DEBT / REPAYMENTS

CREDIT CARD CREDIT CARD
LOANS LOANS

SAVINGS SAVINGS
SAVINGS ACCOUNT SAVINGS ACCOUNT
EMERGENCY FUND EMERGENCY FUND
OTHER SAVINGS OTHER SAVINGS

FUN FUN
DINING OUT DINING OUT
WEEKEND PLANS WEEKEND PLANS
CLOTHES CLOTHES
OTHER TREATS OTHER TREATS

OTHER EXPENSES OTHER EXPENSES

TOTAL SPENDINGS TOTAL SPENDINGS

TOTAL EXPENSES OTAL IN TOTAL EXPENSES OTAL IN

EN DING BALANCE EN DING BALANCE

LEFT OVER SUM LEFT OVER SUM

F*CK YES. F*CK YES.

HEY SIS, HEY SIS,
LET’S BUDGET. LET’S BUDGET.
TOTAL INCOME TOTAL INCOME
TOTAL INCOME TOTAL INCOME

BILLS & UTILITIES BILLS & UTILITIES

RENT / MORTGAGE RENT / MORTGAGE
GROCERIES GROCERIES
CAR PAYMENTS & FUEL CAR PAYMENTS & FUEL
PHONE / WIFI BILLS PHONE / WIFI BILLS
HEALTH HEALTH
OTHER BILLS OTHER BILLS

DEBT / REPAYMENTS DEBT / REPAYMENTS

CREDIT CARD CREDIT CARD
LOANS LOANS

SAVINGS SAVINGS
SAVINGS ACCOUNT SAVINGS ACCOUNT
EMERGENCY FUND EMERGENCY FUND
OTHER SAVINGS OTHER SAVINGS

FUN FUN
DINING OUT DINING OUT
WEEKEND PLANS WEEKEND PLANS
CLOTHES CLOTHES
OTHER TREATS OTHER TREATS

OTHER EXPENSES OTHER EXPENSES

TOTAL SPENDINGS TOTAL SPENDINGS

TOTAL EXPENSES OTAL IN TOTAL EXPENSES OTAL IN

EN DING BALANCE EN DING BALANCE

LEFT OVER SUM LEFT OVER SUM

F*CK YES. F*CK YES. 19

 SAVE $5,000
IN A YEAR
WEEK AMOUNT WEEK AMOUNT WEEK AMOUNT
1 $50 18 $90 35 $135
2 $75 19 $90 36 $125
3 $100 20 $120 37 $115
4 $100 21 $115 38 $100
5 $80 22 $100 39 $100
6 $90 23 $90 40 $125
7 $75 24 $90 41 $110
8 $100 25 $125 42 $100
9 $100 26 $120 43 $100
10 $90 27 $110 44 $80
11 $80 28 $100 45 $90
12 $110 29 $90 46 $75
13 $100 30 $130 47 $80
14 $90 31 $150 48 $90
15 $80 32 $110 49 $75
16 $115 33 $100 50 $75
17 $110 34 $100 51 $50

Stick this on your fridge and cross out each payment as you make
it! You're on your way to $5,000!! You got this.

21
SAVE $10,000
IN A YEAR
WEEK AMOUNT WEEK AMOUNT WEEK AMOUNT
1 $125 18 $150 35 $175
2 $150 19 $175 36 $300
3 $175 20 $300 37 $125
4 $300 21 $125 38 $150
5 $150 22 $150 39 $175
6 $150 23 $175 40 $300
7 $175 24 $300 41 $125
8 $300 25 $125 42 $150
9 $125 26 $150 43 $175
10 $150 27 $225 44 $300
11 $175 28 $300 45 $125
12 $300 29 $125 46 $150
13 $125 30 $150 47 $175
14 $150 31 $175 48 $300
15 $175 32 $300 49 $200
16 $300 33 $125 50 $250
17 $125 34 $300 51 $325

Stick this on your fridge and cross out each payment as you make
it! You're on your way to $10,000!! Hang in there.

23
$$$$$
HOW TO
SPEND MONEY
Remember...
Let’s be honest, the second your pay hits your bank
account you’re ready to spend it aren’t you? Sometimes
it’s impossible to resist spending that nice amount of cash
sitting in your account and it feels nice being able to splurge
on yourself.
It's not your salary
However, if you’re a shopaholic like majority of us here
then there are some key things you can do to try and spend
that makes you rich, it's
your money a little more knowledgeable, a tad more
responsibly and a little wiser.
your spending habits...

SPEND WISER
TRY TO BE LESS MATERIALISTIC
It’s sometimes a little easier said than done when everyone around
you has the next best thing but it’s humbling to realise that life isn’t
about the things we own, it’s the experiences we have.
DON’T SPEND TO IMPRESS PEOPLE
It’s easy to fall into the trap of buying something to impress your group
of friends or the person you like but don’t feel like you need to.
Repeat after me: I don’t need to buy everyone a round of shots. I don’t
need to buy those airpods, my earphones work great. I don’t need the
latest and greatest and I don’t need to spend my heard earned money
to impress people.
TRY NOT TO EAT OUT AS MUCH
Sometimes hard but very achievable. Eating out is great – it helps you
get out of the house, takes the hassle of cooking away and lets meals
become an experience. However, limit these experiences! The less
you eat out the more special the experience will be and the more your
bank account will thank you. Plus – why spend more money on food
when you already have food you bought at home in the fridge?
BE A SAVVY SHOPPER
A savvy shopper means you’re being a picky shopper. Try on clothes
before you buy them, test the quality of items and try to look for sales.
Shopping at an op shop is a really great way to shop cheaply and
sustainably. Keep your best interests in mind always!

DON’T FEEL PRESSURED TO BUY SOMETHING

Whether it’s the salesperson in front of you or your friend beside you,
you don’t have to feel pressured into buying something. They don’t
have to go home and deal with the financial consequences of a
potential spending’s mishap – you do. If deep down, you know that
you don’t need to spend the money then don’t let anyone convince
you otherwise.
RESIST THE URGES
Ahhh the temptation. The feeling of splurging can sometimes sneak
up on your but once it hits- its strong. Resist the temptations to spend
your money without purpose. If you have your eye on something you
desperately want – just wait a week or two. If you still want that thing
then go for it. If not, then job well done, you resisted that greedy little
spending devil on your shoulder!

SET A LIMIT ON WEEKLY SPENDING

Setting a specific amount to allocate towards your spending’s can
be achieved in your budget. This makes it easier to spend wisely –
especially when you know there’s a limit.
LEARN TO VALUE MONEY
Being able to save money is an incredible feat! Learn to value the act
of saving money and be proud of your achievements. It'll make you
think twice about spending it.

HO W TO S P END M O NEY 25
WORK IT GF
Landing a job can be tricky. TYPICAL INTERVIEW Q'S:
There’s no right or wrong way 1. Tell me about yourself.
to do it as it will always come
down to compatibility. 2. What makes you qualified for
this job?
Do you understand the work itself?
Do you resonate with the company 3. What do you think are your best
and will you fit in with the other staff? strengths and weakenesses?
While this is completely up to chance, 4. Where do you see yourself in 5
there are some things you can do to years time?
prepare yourself and make the best
first impression. The main thing is to 5. Why do you want to leave your
do your research, act confident, dress current job?
appropriately and be prepared. 6. How do you handle complaints /
YOU GOT THIS! tricky situations?

TIPS TO L AND THE JOB:

1. BE OPEN AND CONFIDENT

It helps to know that even if you don’t land this job the interview itself is
experience and helps you gain a wider knowledge into the industry and
will help you get further next time.

2. KEEP YOUR RESUME FRESH

Always keep your resume professional, fresh and updated. Only include
your most recent jobs and leave out any references or jobs you don’t
want them to talk about.

3.
SELL YOURSELF
Include a cover letter – introduce and sell yourself! Talk about why
you think you are qualified to make an excellent addition to their team.
Convince the reader that you are the person for the job. This is where you
can really sell yourself.

4. DO YOUR RESEARCH
Find out what the job actually is, what the company believes in and their
values. If you would eventually want to progress in the industry – mention
it. This shows employers that you know your stuff and want to succeed.

5. DRESS THE PART

While it really shouldn’t matter, dressing professionally makes a great first
impression and shows you’re serious about the job. Dress nicely, neatly
and appropriately!

6. BE PREPARED
Sometimes you will be asked questions that you don’t know how to
answer. Don’t panic! Read up on some responses before your interview
and be ready to dance around the question without sounding confused.

7.
HAVE FUN WITH IT
Having a fun and open attitude to the experience helps the employer see
you for your true self. Even if you don’t have the experience for the job
you may have just the attitude they are looking for.

L AND ING A J O B
“if you don’t try there’s
no opportunity to succeed”

27
COVER LETTER TEMPLATE

_________

TIPS:
• CHECK YOUR SPELLING & GRAMMAR
• SELL YOURSELF
•HIGHLIGHT YOUR SKILLS
•MENTION YOUR EXPERIENCE
•RESEARCH THE COMPANY
RESUME TEMPLATE

29
 WORK
UNTIL YOU
NO LONGER
NEED TO
INTRODUCE
YOURSELF.
STARTING
STARTING
A BUSINESS
A BUSINESS
If you’re planning on starting a business then
congratulations you boss ass bitch! Here are some CREATE SOME BUSINESS TOUCH POINTS
things to ensure your absolute success.
SET SOME GOALS
With your business in mind, think about what you want it to be, how
you want your customers to see it and the overall feel for everything.
Think about specifics and highlight what you’re offering, who you’re
selling to and how you’re going to achieve this. Set some goals that
motivate you to see this venture to success.
DO SOME MARKET RESEARCH
Conduct some market research surrounding your idea, your target
market and other businesses you would consider as competitors. Take
notes on what you like, what you don’t like and what works with your
niche. Circulate your entire business around these findings.
DEFINE YOUR BUSINESS
Choose a business name, define your target market, define your
products and give your business a personality. Select some solid
branding that will help shape your business and allow customers to
become familiar with your work. Think about the values you want your
business to hold and allow your branding to communicate this to It’s a good idea to do testing of your product or service in order to
your market.
REGISTER YOUR BUSINESS
An ABN is an Australian Business Number and is a unique 11 digit
identification number that registers your business with government
departments and agencies. By applying for an ABN you are choosing
and registering a name to work under for taxation purposes.
To apply for an ABN you must have a form of identification, identify
your business structure and have details of your businesses purpose.
You can apply for an ABN for free through the government here:
https://register.business.gov.au
In addition to an ABN it is a good idea to register for other taxes such
as PAYG and GST.
PAYG – deducts tax from your business and your employers’ earnings.
GST – must be paid if your business turnover is more than
$75,000 annually.
A touchpoint is anything the customer will see or hear surrounding
your business. The more touchpoints you create – the more customers
you will bring in.
Some must have touchpoints include:
• A Logo
• A slogan or catchy phrase
• A website / Phone App
• Social media pages eg. Facebook and Instagram
• Business cards / Flyers
• Advertisements – TV, radio, facebook ect.
• Merchandise – essentially free marketing ;)
• Staff uniforms
• Product packaging
• Hosted events
• Thank you letters
• Word of Mouth
Whilst not every touchpoint is necessary and depends wholeheartedly
on your businesses purpose these are some great starting points
to engage with new customers and spread awareness about your
business. It’s a good idea to have these ready to go before launching
your business to avoid looking unprofessional or unorganised.
TEST AND PERFECT YOUR PRODUCT OR SERVICE
gain insight and feedback surrounding the wants and needs of your
customer. The more testing you can conduct the more you can perfect
what you’re selling.
LAUNCH YOUR BUSINESS
This is a big deal! Get excited about it and advertise for this. Get the
word out and show teasers in order to gain the interest of potential
customers and have them eagerly waiting for your launch date. This
will ensure a successful first day and the potential for word of
mouth to spread.
Give yourself a pat on the back. It won’t be easy but you have the
potential within yourself to make your business thrive with successful.
F*CK YES.
31
TAXES,
TAXES,
TAXES.
What is a Tax File Number (TFN) and how do I get one? YOUR INCOME TAX YOU PAY
A tax file number is a personal number assigned to you by the
0 - $18,200 NOTHING - $0
Australian Taxation Office for tax and superannuation purposes. It is
an extremely important number that you must have if you are working $18,201 - $37,000 19c FOR EACH
within Australia. Once you have a TFN it's yours forever and you will $1 OVER $37,000.
take it with you to each job you have over your lifetime.
$37,001 - $90,000 $3572 + 32.5c FOR
You must keep your TFN safe and secure as it can be used against you EACH $1 OVER $37,000.
in identity fraud or other illegal activities.
$90,001 - $180,000 $20,797 + 37c FOR EACH
It's free to apply for a Tax File Number however you do need to $1 OVER $90,000.
supply important information such as your date of birth and documents
to prove your identity.
You can apply for a TFN through your local Australian Post Office,
This is the current tax threshold as of September 2020. Your income on
online through the ATO website or through the Australian Services
the left determines how much you pay in taxes annually as shown on
(Centrelink or Medicare).
the right.
For more information or to apply for a TFN online visit:
https://www.ato.gov.au/individuals/tax-file-number/apply-for-a- To see more or to check for updated tax rates visit:
https://www.ato.gov.au/rates/individual-income-tax-rates/
tfn/australian-residents---tfn-application/

How do I pay tax when I’m self employed?

What is the Australian Taxation Office (ATO)?
The ATO stands for the Australian Taxation Office and is the
governments source of revenue collection. Their main job is to manage
the tax and superannuation of all individuals working within Australia.
If you are self-employed then you must organise your own income tax
payments. You can manage this by making a savings account to go
towards your tax bill at the end of the financial year. This account must
be for tax purposes only to avoid spending money before your tax
bill arrives.

What is tax and why do we pay it?
Tax is a small percentage of our income that is deducted and paid to
the government in order to provide services such as health, education,
defence, road, railways and social security.
We are lucky in Australia to have free access to schools and education
systems as well as health and other community facilities. Australian tax
is what pays and supports these systems.
In the event that your business expands the ATO may request you to
set us the PAYG system within your business. This makes tax payments
throughout the year, rather than one large lump sum once a year.
Businesses earning over $75,000 are required to pay GST – also
know as a Goods and Services Tax. The GST Tax is 10% of your
earnings that is paid to the ATO in addition to your income tax.

How much tax do I pay and how do I pay it?

The amount of tax you pay depends on your citizenship, your annual
income and your TFN. If you are working for a business your tax will
be automatically deducted from your wage through a PAYG scheme.
PAYG stands for Pay As You Go and refers to paying taxes through
your weekly/fortnightly/monthly wage. If you do not pay taxes
throughout the year through PAYG then you will receive a bill for the
lump sum at tax time.

TAX ES 101 33
 TA X E S 101
How do I lodge a tax return? Should I get an accountant?
The financial year runs from 1 July – 30 June the following year. It really comes down to the individual. Doing your own tax return
Your taxable income is the annual income you made within those can often be tedious, time consuming and frustrating – or it can be
dates and must be lodged with the ATO by October 31. straight
forward and simple. If you are troubled for time and feel that you
There are a number of ways to lodge your tax return – including
need help with your tax return then sourcing a professional is a
by yourself through the ATO with myTax, with a registered tax
great idea! There is no need to question it or overthink the decision
person or through an third party online accountant.
– just do what works for you.
In order to lodge your tax return you’ll need some information
such as: What can I claim on my tax return?
• Bank Details Work related expenses:
• Income Statment • Clothing, Uniforms, Shoes, Laundry
• Receipts from Work Related Expenses • Vehicle and Travel Expenses
• Private Health Details (if necessary) • Home Office Expenses - if you work from home
• Your Partnet’s Income (if you have one) • Tools and Equipment
If you do opt to use a registered tax person or a third party Gifts and donations:
accountant your fee to them can be paid through your tax return • Paid to any organisation or fund that can receive
and claimed the following year. This removes the stress of paying tax deductible donations
an outright fee. Other:
Where to lodge your tax return: https://www.ato.gov.au/ • Interest
Individuals/Lodging-your-tax-return/Lodge-online/ • Personal Super Contributions
OR: https://www.etax.com.au • Investment Income Deductions

TAX ES 101
KNOW YOUR
WORTH.

TAX.
THEN ADD

35
HECS
DEBT &
STUDENT
LOANS
 WHAT IS HECS?
Australia our higher education isn’t free. This means that WHAT IS THE THRESHOLD?
in order to attend university or TAFE we must pay for it.
HECS-HELP is an Australian Government initiative that As of 2020 the threshold for compulsory HECS-HELP
basically pays for you to attend university – but you have repayment is $46,620. This means that if you are earning an
to pay it back. The loan doesn’t cover any university costs annual income above this number you must begin repaying
like textbooks or laptops – just the course itself. While this is your HECS debt. Much like the tax income threshold, the
a great scheme that allows millions of Australians receive a HECS threshold determines how much of your HECS you pay
higher education – it can place a financial burden on you back based on your annual income.
later in life.
YOUR INCOME % OF HECS REPAYMENT
HOW DO I GET A HECS LOAN? Below $46,620 NOTHING - $0
In order to be approved for HECS-HELP you must provide $46,620 - $53,826 1.0%
information surrounding your income, your university $53,827 - $57,055 2.0%
campus and your course. You must be studying within a
Commonwealth Supported Institution, be an Australian or $57,056 - $60,479 2.5%
New Zealand citizen OR hold a permanent visa. $60,480 - $64,108 3.0%
$64,109 - $67,954 3.5%
HOW DO I PAY IT BACK? $67,955 - $72,031 4.0%
Once you have reached a HECS threshold, much like the NOTE: THIS CONTINUES ON UP TO 10%
PAYG tax deduction- your job will automatically deduct a
percentage of your wage towards your HECS.
BEFORE APPLYING TO STUDY ASK YOURSELF:
In addition to this you can also volunteer to make larger
contributions towards your HECS debt in order to pay it off •Is this really what I want to be doing for the next 10 years?
faster through the ATO. This can be done at any time and is •Will I be able to pay off my HECS-HELP Loan?
accessible through the Australian Taxation Office website or •Can I see myself finding a job in this field when I finish
through your MyGov account. my studies?

H E C S D EBT AND STUD ENT LOANS 37

 JOINT ACCOUNTS
Should I make a joint bank account with my partner?
Every relationship is different, and creating a joint account totally
depends on your choices as individuals and whether or not your
wants, needs, morals and values all line up.
Creating a joint bank account with your partner is no simple step. This
acknowledges that you are in a committed and long-term relationship
and is something both of you should take seriously.
It’s a great idea if you both want to save for the same thing – like a
house or a holiday and it allows you to keep all of your saved money
together, making the savings process a lot quicker.
How does joint debt and loans work?
When creating a joint account make sure to communicate about any
individual loans or debt either of you may have. Discuss whether it is
still an individual commitment or a joint responsibility to pay off.
When applying for loans as a couple it is a joint responsibility to pay it
off and should not fall to one or the other.
MONEY & BREAKUPS
What is a prenup?
A prenup is a binding contract that you can get your partner to sign in
order to protect any assets you own or your own personal money. This
contract comes into play if you decide to break up or separate from
your partner.
Note: you both must sign the contract and have taken legal and
financial advice beforehand.
What happens if we breakup?
If you are living with your partner and suddenly break up there a
number of scenarios that can take place.
If you are renting and only one of you have your name on the lease –
then the other must leave.
If both names are on the lease and either or both parties want to move
out, you must let your landlord know and potentially face a break of
lease fee or try and find someone to replace you on the lease.
Unfortunately, if you are living with your partner and they own the
property – you are the one who must leave.
If you are living with your partner in a property you purchased
together there are few things you can do. One person can buy the
other out for the full amount of the property or you can both move out
and sell the property – splitting the profits and going your
separate ways.
R E L ATIO NS H IPS AND FINANC ES
How to create joint bank account?
1. Decide and agree on how much each of you will
contribute to the account.
2. Talk about the purpose for the account – is it for a
house? For rent? Bills?
3. Talk about your separate accounts too – what are they
kept for?
4. Decide on a bank provider and set up an account with
both of your details.
5. You will each receive a Debit Card.
6. Make sure you both communicate when you decide to
spend from your joint account – no surprises.
7. Work together, save and spend together.
Who gets what?
If you live with your partner on a domestic basis then the Australian
government considers you to be De-Facto and the assets you
individually own may be seen as joint assets.
If your breakup was amicable then you may be able to discuss
privately who gets to take what. This can be based on who bought the
items, the sentimental value and who wants what.
In the event that you can’t come to an agreement then you may need
to seek legal action in order to divide the property of the relationship
– this can include transport, debt, homes, household items, businesses,
investments and personal loans.
TOP TIPS
•Communication is key.
•Make sure you're on the same page about making a
joint bank account.
•Joint loans are a joint responsibility - think carefully.
•If you break up, try to work out who takes what
without it getting nasty. Legal action will make it
even more unpleasant.
RELATIONSHIPS
& FINANCES

39
HOW TO SAVE
FOR A HOUSE
41
 S AV I N G F O R A H O U S E
When saving for a house you ideally want to have as much money The LMI is charged through a one-off fee and is expected to be paid
saved as possible, however banks will approve your for loan with a through the loan or at the time of settlement.
deposit from anywhere between 5% and 20% of the overall cost
Saving for a house isn’t impossible – it just takes a strict savings plan
of the house.
and time. According to the moneysmart government website – it takes
Smaller deposits tend to mean a larger loan that you will have to a couple on average 4.6 years to save for a 20% house deposit.
repay – also meaning more interest and a longer time frame that you
If you are looking to buy for the first time – you may be in luck.
will be paying your mortgage off for. Typically if you’re applying for
The Australian Government has some initiatives in place in order to
a loan with a deposit less than 20% then you may face the costs of
encourage adults into buying a house or land – the main one is called
Lenders Mortgage Insurance. Whilst this is achievable it is a much
The First Homeowner’s Grant. This grant is eligible to first time home
smarter option to just save that little bit longer and come to the table
owners and can assist in paying for your home for up to $20,000.
with a higher deposit percentage.
The Lenders Mortgage Insurance (LMI) is insurance that protects the
lender (the bank) in the case that you can’t keep up with your loan
repayments. The LMI doesn’t protect you – just the company providing
you with the loan.

THE TOP TIPS

CREATE A BUDGET AND SET A DEPOSIT GOAL eg. 20%

CHOOSE A HIGH INTEREST SAVER ACCOUNT AND SET ONE UP

SET UP RE-OCCURING PAYMENTS & DON’T TOUCH

REDUCE YOUR OTHER DEBT IN ORDER TO SAVE HARDER AND FASTER.

CUT BACK ON EXTRA TREATS. NOWS THE TIME TO BE STRICT.

TAKE BIGGER STEPS - MOVE SOMEWHERE CHEAPER, QUIT SUBSCRIPTIONS, CUT BACK ON PLANS.

H O W TO SAV E FO R A H O US E 43
BUYING
THE HOUSE.
 OK HOW DO I BUY
A HOUSE THOUGH?
1. HAVE YOUR DEPOSIT SAVED
Once you have your deposit saved, it’s time to
actually buy a house. Get ready because this is
where it's going to get a littttttttle stressful...
2. WORK OUT HOW MUCH YOU
CAN AFFORD TO BORROW
Once you have saved as much as possible for your house deposit
you will need to work with your bank and/or accountant to find
out how much you can afford to borrow or be approved for.
Some quick math can help you work out potential repayments, as
well as the maximum and minimum you can afford.
Note: Just because you get approved for a certain amount does
not mean you have to borrow that full amount. Think about what
you can afford without stretching your budget or going too far.
3. GET A PRE-APPROVAL
A pre-approval from your bank or home loan lender shows
sellers that you are serious about buying and are ready to go.
The pre-approval lasts 3-6months and is based on your financial
situation and your current ability to repay the loan.
4. FIND THE RIGHT HOUSE
Choose a house you love – think carefully because this is a big
commitment. Make sure you love the layout, the materials, the
location and the lifestyle it has to offer. Research everything you
can about the area and the property. Make sure that this house is
the one for you.
5. INSPECT THE PROPERTY
Before you lock anything in stone inspect the property for any
water damage, hints of pests or termites and any structural issues.
It is better to know now than 6 months down the track!
6. MAKE AN OFFER
Stick to your pre-approved price range and make an offer. Your
offer is generally a binding contract to buy the property outright,
or becomes a binding contract when your financial approval and
inspections are complete.
7. GET YOUR LOAN FINALIZED
Once you’ve found a house and you’re set in stone, apply to
finalize your pre-approved loan. You may need to confirm your
details again to ensure the bank that no circumstances have
changed and that you are still eligible and able to repay the
amount agreed.
8. ORGANIZE THE SETTLEMENT
The settlement is the day everything happens. The bank pays the
seller, the home is transferred into your name and your mortgage
begins. A settlement period is a set amount of time you are given
to ensure the payment clears. Once everything is finalized the
place is all yours! Congratulations!
9. PAY STAMP DUTY
Within 30 days of your settlement you will be expected to pay a
one-off property transfer tax fee called stamp duty. In addition
to stamp duty it may also be a condition of your loan that you
purchase home and contents insurance. This is to protect your
home and belongings against damage, theft or loss- something
you should be thinking about when you become a home owner!
10. PAY OFF YOUR MORTGAGE!
Congratulations on buying a house! It truly is an incredible
achievement… however the hard work isn’t over yet. You must
continue to make mortgage repayments, as well as keep up with
other home owners taxes such as council rates. You got this!
45
the costs of
RENTING
vs. BUYING
RENTING
Security Bond
A payment made to the RTA on behalf of the landlords in case of any
property damage. This payment is a one-off sum and can be up to a
month’s worth of rent to be paid when signing the lease.
Rent
A weekly or fortnightly payment made to your real estate and
landlord for allowing you to live on the property.
Utilities
These bills include gas, water and electricity. Typically, the water bill
will be sent to you by your real estate quarterly. Before moving into
the property, you must select a company to supply, manage and
connect your electricity and gas. This bill will also be sent to you
quarterly – however it will come via App, Email or physically sent from
your selected supplier.
Additional Hidden Fees
These can differ depending on the property and your rental agreement
however some hidden fees include body corp payments, the costs of
extra storage, or even the costs of extra parking. Majority of these
hidden costs occur when living in an apartment building or a unit.
R ENTING VS BUYING
BUYING
Your Mortgage
Your mortgage repayments depend on the size of the loan you took out
and the years you plan to repay it in. The easiest way to think of this is as if
you are still paying rent. It is necessary for you to live on the property. The
bonus is that it’s all yours!
Rates
Rates are a quarterly, bi-annually or annually issued bill sent out to
homeowners from the council of your home location. This fee covers
council costs in the area and aims to raise revenue for any waste
management (bin runs), roadworks and outdoor environments (parks).
Insurance
Home and contents insurance is an insurance that protects your property
and your belongings from damage, loss or theft. For a homeowner this
insurance provides a great sense of security when it comes to weather
damage, floods, fires or break-ins.
Utilities
Much the same as if you were renting you must pay utility bills to ensure
you have water, gas and electricity. Unless your property has solar panels
or a rainwater tank then you will have to pay a company to supply these
services for you like everyone else.
47
HOW TO

APPLY
FOR A LOAN
Applying for a loan can be a lengthy and frustrating
process and it’s important to get it right each time as it does
go towards your credit score. There are different types of
loans available for you to apply for depending on your
need for the loan and its purpose.
In order to be eligible for a loan you must be over 18 years
of age and have evidence that you have a regular source
of income, as well forms of identification. Your credit rating
may also be checked in order for the lender to deem you as
creditworthy or a risk.
 STEP 1:
DECIDE ON WHAT KIND OF LOAN YOU NEED

STEP 2:
COMPARE INTEREST RATES AND OPTIONS BETWEEN BANKS

STEP 3:
CHECK YOUR ELIGIBILITY – SELECT THE LOAN AND THE AMOUNT

STEP 4:
PROVIDE YOUR PERSONAL AND EMPLOYMENT DETAILS

STEP 5:
WAIT FOR APPROVAL AND RECEIVE THE MONEY - YAY!

49
 DON'T
LET YOUR
EMOTIONS
MAKE YOUR
DECISIONS.
THE
BIG DECISIONS
CHECK LIST
I can afford it

It’s a need, not a want

This will positively affect my future

I feel good about this decision

This is a step in the right direction

My mum agrees with this decision

It doesn't really matter how big or small - if you can't

tick off everything on this checklist then chances are
you already know the answer. Ask yourself these
questions and see where it takes you.

T H E B IG D EC IS IO NS C H EC K LIST 51
 CREDIT RATINGS
& CREDIT CARDS
What is a credit rating?
A credit rating or a credit score is a number given to you based on
your eligibility for a credit card or loan. This number represents your
creditworthiness – showing potential lenders or banks that you are
reputable for a loan.
Your credit score is based on your past abilities to pay off loans or
debt, as well as any rejected loans. Not only does your credit score
determine whether or not you will be approved for a loan but it can
also alter your interest rates for repayments.
You can find out your credit score for free and it is calculated through
amounts of money you have previously borrowed, the number of loans
you have applied for and if you repaid your debt on time. A credit
rating can be from anywhere between 0 and 1,200. In Australia, any
credit score above 670 is considered good – anything below that and
you may be rejected for a loan.
How do I improve my credit rating?
Improving your credit worthiness may be the deciding factor between
a loan approval or rejection. In order to improve your credit score
you must show the banks that you can take out a loan and pay it off
successfully and on time. You must appear reputable and stable –
having a secure job and home life.
Some easy ways to bump up your own credit score can be paying
your phone and Internet bills on time and keeping your credit card
balances low.
spend wisely!
THE PROS AND CONS
PROS
CAN BOOST CREDIT RATING
ALLOWS YOU TO BUY NOW, PAY LATER
GREAT FOR EMERGENCY NEEDS
REWARDS PROGRAMS
C R E D IT C ARD S & C RED IT RATING S
How do I get a credit card?
In order to apply for a credit card you must be over 18 years of age
and ensure that you have adequate credit history and that your credit
rating is good enough for you to be accepted.
You can apply for a credit card through many banks, insurance
companies or outlets. Do your research surrounding fees and interest
rates and go with the lowest option. In order to be considered
creditworthy you may need to provide personal details surrounding
your identity and employment.
When you pay for anything with your credit card it is essentially your
provider paying the outright cost and you are expected to pay off
your credit card debt before a set date or in small payments.
If you feel as if you can’t control yourself with your credit card, it may
be a wise decision to set the limit of your spendings to a lower amount
- such as $2,000 instead of $10,000.
There are a number of postitive and negative effects that a credit card
can have on your life. Before choosing a credit card do your research,
ensure you can make the correct repayments needed and try not to
spend recklessly.
But first:
Ask yourself if you really need to take this route of credit. Can it wait
until you can save money or is this necessary?
CONS
CAN RUIN YOUR CREDIT RATING
FUTURE DEBT TO PAY OFF
INTEREST RATES AND FEES
CAN ENCOURAGE IRRESPONSIBLE SPENDING
53
 INVESTING,
STOCKS & SHARES
If investing, stocks and shares just make you think of old businessmen
or The Wolf of Wall Street then welcome to the club. Oddly enough,
investing isn’t actually just for business men – you can do it too!
What are stocks are shares?
Apps such as Raiz assist in making investments. This app is connected
to your main bank account. When you spend money from your card,
it is rounded up to the nearest dollar amount and sent to your Raiz
account. From here you can choose to withdraw the savings back into
your own personal account, use it to make a contribution to your super
or invest in their suggested companies.

Stocks – also known as shares, are an investment that you make into
a company that represent a percentage of ownership. This means that
you are entitled to a small percentage of any earnings and assets the
company acquires.
Companies can issue these shares in order to raise revenue and
attempt to enhance the profit and success of the company. When
you buy stocks within a company this makes you a shareholder –
sometimes giving you rights to vote within the company surrounding
the ways that it is run.
Stocks, shares, securities and equities are all the same thing.

The stock market:

The stock market consists of companies that are listed in stock shares
and exchange. Big companies involved in the stock market that you
might know include NAB Banking, McDonald’s and Facebook. The
possibilities really are endless.
You can find an official list of companies here:
https://www.asx.com.au/asx/research/listedCompanies.do

So how do I do it?
An easy way to buy and sell shares is through online services or a
broker service. You can manage this yourself or “pool” your money
through a collective investment called a managed fund – which pools
your money with other people.

What are the risks?
Shares can be risky, as you won’t always get a return. It’s possible that
you could lose your entire investment – however you can fight this by
doing your research and only investing in companies you trust and
truly believe have a chance in profit growth.

H O W TO INV EST
WELL BEHAVED
WOMEN BARELY
MAKE HISTORY.
TAKE RISKS.

55
SUPERANNUATION
AND RETIREMENT
 SUPERANNUATION
Your superannuation is basically a secure bank account dedicated to
your retirement. Your employer must legally pay a percentage of your
wage to your super account. If you are self-employed you must make
your own contributions to your super to ensure that when it comes time
to retire you have money there.
There are many of businesses that manage superannuation out there –
you can choose your own, or your employer can allocate one for you.
RETIREMENT
There is no magic age to retire – you can do this
whenever you like! However, it’s important to know if
you can afford to first.
There is no magic number to retire with however a good guideline is to
have saved at least 80% of your pre-retirement salary. This means that
if you earn an annual working salary of $100,000, then you ideally
should have $80,00 per year of retirement. Some suggest saving
within the millions, whilst others fall comfortably under that line.
I know - saving millions for retirement seems a little unachievable –
however you can make extra contributions to your superannuation
to get you on track and your employers will continuously be making
contributions throughout your career - the bonus is that you don’t even
need to think about.
Making extra contributions to your superannuation can actually
be more beneficial for you when it comes to tax purposes as the
contribution’s lower your annual salary – lowering your tax threshold
and meaning you have more to retire with and are paying less tax. It’s
actually a win-win situation and it’s heavily encouraged.
SU PE R A NNUATIO N AND RE TIREM ENT
Under special circumstances you may be allowed to withdraw from
your super account earlier – however try not to touch it until you retire
as the more money you have in your super account, the more money
you will have when you’re older.
If you change jobs and your new employer opens a new super
account for you, it is important to combine both of your accounts. Aim
to stick to one and give your employers the correct details in order to
keep everything together.
However, your employers’ contributions and your own contributions to
your superannuation must not exceed $25,000 each financial year.
Whilst you can retire anytime – the Australian government pension
is only eligible to retirees over the age of 67. The Age pension is
a senior’s allowance paid to retired individuals and couples who
are eligible after income and asset tests. You must apply for the
pension through Centrelink and supply all supporting documents
and information to be approved. Once approved you will recieve
concession cards for discounts and cheaper health care, and a weekly
or fortnightly allowance.
Retirement is nothing to be afraid of. Your hard work over the years
will pay off and allow you to relax and enjoy your retirement however
you see fit. Many people find it hard to sit still once they have retired
and use the time to travel, start up a business idea, move cities, take up
a hobby, volunteer, learn new things or remodel.
It’s up to you! Thats the best part about it.
57
KNOW YOUR WORTH
There is an undeniable connection between your financial knowledge, your health and your feelings of
empowerment. The purpose of this guide is to strengthen this bond and enhance your experience surrounding money.
Remember that you are a boss woman and can take control of your finances and your life. Set goals, plan out what it
is that you want, manifest these things and make it happen.

WRITTEN AND DESIGNED BY KAYLA EVANS

K NO W YO UR WO RTH
GO FORTH.

59
Guide References and Resources:
Our Connection with Money
Consulting, L. (2020). Women and Financial Wellness: Beyond
the Bottom Line – Age Wave. Retrieved 15 September 2020, from
https://agewave.com/what-we-do/landmark-research-and-
consulting/research-studies/women-and-financial-wellness/
Money and Mental Health: The Facts. (2020). [Ebook]. Retrieved
from https://www.moneyandmentalhealth.org/wp-content/
uploads/2017/06/Money-and-mental-health-the-facts-1.pdf
Wang, J., & Wang, J. (2020). Understanding Maslow's Hierarchy
of Financial Needs. Retrieved 15 September 2020, from https://
wallethacks.com/maslows-hierarchy-of-financial-needs/
Financial Independence
Bucher-Koenen, T., Alessie, R., Lusardi, A., & van Rooij*, M. (2016).
Women, confidence, and financial literacy. Retrieved from http://
institute.eib.org/wp-content/uploads/2016/10/women-conf-lit.pdf
Godfrey, J. (1995, Jun 15). What's good for women is good
for the country. Vital Speeches of the Day, 61, 538. Retrieved
from http://search.proquest.com.libraryproxy.griffith.edu.au/
docview/221462457?accountid=14543
HOW TO MANAGE MY FINANCES. (2020). Retrieved 15
September 2020, from https://thetravelandadventurelife.thinkific.
com/courses/savingmadeeasy
How to Budget
6 Reasons Why You Need a Budget. (2020). Retrieved 15 September
2020, from https://www.investopedia.com/financial-edge/1109/6-
reasons-why-you-need-a-budget.aspx
Five reasons why budgeting is so important - Total Advice Partners.
(2020). Retrieved 15 September 2020, from https://www.
totaladvice.com.au/five-reasons-why-budgeting-is-so-important/
Here Are Tips for Determining the Right Amount for Your Emergency
Fund. (2020). Retrieved 15 September 2020, from https://www.
thebalance.com/is-your-emergency-fund-too-big-4142617
How to build an emergency fund. (2020). Retrieved 15 September
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finance/how-to-build-an-emergency-fund-201707.html
Is a Savings Account Worth It? Here's Why You Still Need
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www.thebalance.com/best-reasons-to-keep-your-savings-
account-4307372
Jolly, W., & Jolly, W. (2020). Setting up an emergency fund: how
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emergency-fund
Savings accounts - Moneysmart.gov.au. (2020). Retrieved 15
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savings-accounts
Further Resources:
Spending Your Money
10 Simple Ways to Manage Your Money Better. (2020). Retrieved 17
September 2020, from https://www.thebalance.com/ways-to-be-
better-with-money-960664
DiGangi, C. (2020). How to Be Responsible With Money | Credit.
com. Retrieved 17 September 2020, from https://www.credit.com/
blog/how-to-become-more-responsible-with-money-85900/
How To Be A Savvy Shopper And Save Money Every Time You
Shop. (2020). Retrieved 17 September 2020, from http://www.
thesustainableedit.com/how-to-be-savvy-shopper/
The Savvy Shopper’s Guide to Saving Money While Shopping Online.
(2020). Retrieved 17 September 2020, from http://cashbackclub.
com.au/blog/2-the-savvy-shopper-s-guide-to-saving-money-while-
shopping-online
Town, P., & Investing, R. (2020). Spending Money Wisely: 7 Ways
to Save More & Spend Less. Retrieved 17 September 2020, from
https://www.ruleoneinvesting.com/blog/financial-control/
spending-money-wisely/
Landing a Job
7-Step Guide to Get a Job in Australia - Insider Guides. (2020).
Retrieved 15 September 2020, from https://insiderguides.com.au/
step-step-guide-land-job-australia/
15 Quick Tips to Get Hired Fast. (2020). Retrieved 15 September
2020, from https://www.thebalancecareers.com/tips-to-help-you-
get-hired-fast-2059661
Taxes, Taxes, Taxes
Australian residents - TFN application. (2020). Retrieved 15
September 2020, from https://www.ato.gov.au/individuals/tax-file-
number/apply-for-a-tfn/australian-residents---tfn-application/
Home page. (2020). Retrieved 15 September 2020, from https://
www.ato.gov.auIndividual income tax rates. (2020). Retrieved 15
September 2020, from https://www.ato.gov.au/rates/individual-
income-tax-rates/
Starting a Business
ABN basics FAQs | ABN Lookup. (2020). Retrieved 15 September
2020, from https://abr.business.gov.au/FAQ/ABNBasics
Fontanella, C. (2020). 20 Customer Touchpoints That Will Optimize
Your Customer Journey. Retrieved 15 September 2020, from https://
blog.hubspot.com/service/customer-touchpoints
Guide to starting a business | business.gov.au. (2020). Retrieved 15
September 2020, from https://www.business.gov.au/guide/starting
Help me decide - Business Registration Service. (2020). Retrieved
15 September 2020, from https://register.business.gov.au/
helpmedecide
If you are looking to expand your financial knowledge
here are a number of resources dedicated to the cause.
• Book - The Barefoot Investor
• Community - She’s On The Money
• Website - moneysmart.gov.au
Hecs Debt & Student Loans
(2020). Retrieved 17 September 2020, from https://www.studyassist.
gov.au/paying-back-your-loan/loan-repayment
(2020). Retrieved 17 September 2020, from https://www.studyassist.
gov.au/help-loans/commonwealth-supported-places-csps
(2020). Retrieved 17 September 2020, from https://www.education.
gov.au/university-students/how-repayments-are-made-help-loans
Relationships and Finances
Freeman, A. (2020). How to Start Over Financially After a Breakup
of a Long-Term... Retrieved 17 September 2020, from https://
www.moneycrashers.com/start-over-financially-after-breakup-
relationship/
goals, Y., & loans, H. (2020). Relationship break-up entitlements when
you're in a de facto. Retrieved 17 September 2020, from https://
www.amp.com.au/insights/manage-my-money/de-facto-splits
Joint accounts - CommBank. (2020). Retrieved 17 September 2020,
from https://www.commbank.com.au/banking/joint-accounts.html
How to Save for a House
How to save for a house deposit the smart way | ANZ. (2020).
Retrieved 15 September 2020, from https://www.anz.com.au/
personal/home-loans/tips-and-guides/smart-ways-to-save-for-
house-deposit/
Ways to save for a house deposit. (2020). Retrieved 15 September
2020, from https://www.commbank.com.au/articles/home-loans/
ways-to-save-for-house-deposit.html
How to Buy a House
How to calculate transfer duty. (2020). Retrieved 15 September
2020, from https://www.qld.gov.au/housing/buying-owning-
home/advice-buying-home/transfer-duty/how-much-you-will-pay/
calculating-transfer-duty/how-to-calculate-transfer-duty
Costs of Renting vs Buying
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from https://www.brisbane.qld.gov.au/about-council/council-
information-and-rates/rates-and-payments/how-rates-are-calculated
What Utilities Do You Pay for in a House?. (2020). Retrieved
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pay-house-95207.html
How to Apply for a Loan
Corke, M. (2020). Personal loan application tips & how to apply
online | finder.com.au. Retrieved 15 September 2020, from https://
Please note:
www.finder.com.au/personal-loan-application
Tips for getting your personal loan approved - CommBank. (2020).
Retrieved 15 September 2020, from https://www.commbank.com.
au/articles/personal-loans/getting-your-personal-loan-approved.
html
Credit Cards & Credit Ratings
10 tips to boost your creditworthiness. (2020). Retrieved 15
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moments/manage-money/money-basics/improve-creditworthiness\
Get your FREE credit score now. (2020). Retrieved 15 September
2020, from https://www.getcreditscore.com.au/articles/5-ways-to-
improve-your-credit-score
Improve your credit score. (2020). Retrieved 15 September 2020,
from https://www.equifax.com.au/personal/help-centre/credit-
scores/improve-your-credit-score
Mangla, I., & Mangla, I. (2020). How to Improve Your Credit Score
Fast. Retrieved 15 September 2020, from https://www.experian.
com/blogs/ask-experian/credit-education/improving-credit/
improve-credit-score/
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credit-score/what-is-a-credit-rating/
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education/credit/score/what-is-a-good-credit-score/
What You Should Know About Credit Ratings. (2020). Retrieved 15
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creditrating.asp
How to Invest
A Beginner's Guide to Stock Investing. (2020). Retrieved 15
September 2020, from https://www.investopedia.com/articles/
basics/06/invest1000.asp
Investing in Shares for Absolute Beginners. (2020). Retrieved 15
September 2020, from https://www.wealthwithin.com.au/learning-
centre/beginners-guides/investing-in-shares-for-absolute-beginners
Shares are easy to buy and sell and can help you diversify your
investment portfolio. Learn more about the stock market with ASX
today. (2020). Retrieved 15 September 2020, from https://www.asx.
com.au/products/shares.htm
The official list. (2020). Retrieved 15 September 2020, from https://
www.asx.com.au/asx/research/listedCompanies.do
What are stocks and shares?. (2020). Retrieved 15 September 2020,
from https://www.commsec.com.au/education/learn/investing-
basics/what-are-stocks-and-shares.html
All images are sourced from Unsplash.com.
This guide provides very basic financial information. If
you are experiencing extreme financial hardship or have
difficult financial decisions to make it is recommended
that you seek professional advice from an accountant or
financial advisor.
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