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How To Live On One Income

We have spent big chunks of the last four years since our daughter was born living on one income.  Some of it was voluntarily, like the twelve months maternity leave I took after she was born.  Some of it was involuntary, like the two redundancies that followed soon after that: one for me, then once I got a part time job; one for my hubby!  Go figure!  I joke that we are not meant to have two incomes in our household, or so it seems!  Living on one income can be tough.  Really hard given the cost of living in Australia is so high and the cost of housing, well don’t get me started on that one.  However, living on one income can be done, and here are some tips to help you through.

Check out what Centrelink benefits you qualify for

Going from two incomes to one income, could mean that you […]

By |April 23rd, 2015|Budgeting|15 Comments

Surviving Redundancy

I think I am in a pretty unique position to write about redundancy.  You see, I have been made redundant twice during my career and my hubby was made redundant at the start of 2014.  So a score of 3 for our family so far.  The first time I was made redundant was in 2004, when the British hedge fund I was working for packed up its Australian office and moved back to the UK.  One minute we all had jobs.  The next minute none of us did.  The model we were trading off hadn’t been performing, so we kind of saw it coming.  Even then it was a shock.  The second time I was made redundant was in 2012.  It was my 39th birthday and I was 11 months in from my return from maternity leave when I was taken into the little room and told my services were […]

By |October 22nd, 2014|Budgeting|19 Comments

MoneySmart Week – Come And Join Me And Take Up A Money Challenge!

The first week of September is a very exciting week in my calendar.  It is MoneySmart week!!!  For those who haven’t heard of MoneySmart week, it is a week dedicated to taking simple steps to make a positive difference to your finances.  It is a fantastic opportunity to learn more about your money and improve your money management skills.

To help us all do this, this year the people at MoneySmart Week have come up with seven FREE money challenges:

  • Ditch your debt (credit and debt)
  • Sort your super (superannuation)
  • Manage your money (budgeting)
  • Protect what’s precious (insurance)
  • Build your worth (saving & investing)
  • Plan ahead (estate planning)
  • Female financial fitness

There is also an eighth challenge for Under 18s called Start Early!

Each challenge gives you 3 easy steps to help you get on top of that issue.  All the challenges are completely FREE!!

So, don’t miss this opportunity to get you finances in order.  Pick an area (or two, […]

By |August 20th, 2014|Budgeting|27 Comments

5 Websites That Will Help You Make or Save Money

The best ways to save or make extra money are the easy ones.  So here are 5 of my favourite websites that I have used to save and/or make me a little extra money.

(1) The Centrelink Payment Finder

Dealing with Centrelink is hard and quite often it is really difficult and time consuming to figure out what you are entitled to.  The Centrelink Payment Finder makes it really simple and quickly allows you to figure out what you could receive.  It is one of my absolute faves and has alerted me to potential payments that I had no idea I could receive.  Click here to check it out.

(2) Unclaimed Money

I love to do an Unclaimed Money search.  It takes all of 20 seconds and is completely free.  Potentially it could find you any lost bank accounts, shares or life insurance […]

By |June 25th, 2014|Budgeting|45 Comments

How To Create A Budget

It is the start of the year and so it is time for those darn New Years resolutions.  Exercise more?  Drink less?  Lose weight?   All noble options but none of these are it for me this year.  (Mind you, I could probably do with all three!!!)   However, this year my New Year’s resolution is to develop a budget for the Money household.  What?!!?  I hear you gasp, surely with a name like ‘Money Mummy’ budgeting is second nature?  Well, actually no.  It is not to say I haven’t thought about it, but this year is the time to actually do it.  So this is how I have gone about making my family budget from scratch……

The first step to developing your budget is to figure out what you spend.   There are lots of ways of doing this from writing it all down, to using an app on your phone or keeping […]

By |January 15th, 2014|Budgeting|33 Comments

10 Ways To Save Money On Your Wedding

This post is brought to you by Bride.com.au

Planning your wedding is a super exciting time but it is so easy to get carried away and have your budget blown out of the water.  There is a whole industry set up to help you spend your money on a raft of things to make your day ‘perfect’.  Add the ‘W’ (Wedding) word to any conversation and it is amazing how fast the costs escalate.  So what is the best way to have the day you want without being saddled with debt that lasts far longer than the big day?

Firstly, you need to set a wedding budget (or spending plan if you like that term better :-)).  Sit down with your partner and anyone else who is helping you pay for the wedding and be clear who is contributing what and how much the total […]

By |December 3rd, 2013|Budgeting|15 Comments

How I Saved Big On My Electricity Bill

I hate to think about it, but our electricity bill is high, really high.  I opened it recently and was shocked to find it was $1400 for the last quarter!  Ouch! Okay our house is all electric with no gas, but really?  It is not even a big house, it is a small house.  We don’t even have hordes of people living with us.  It is just the 3 of us.  Yes, the bill was for over the winter period but even then it seems ridiculous.  Surely I could get a better deal?

With my mission set, I went off in search of more spark for my buck.   My first stop was the Australian Government website called ‘Energy Made Easy’ (click here to check it out)   This site is designed to help you compare all the electricity and gas retailers in your […]

By |December 3rd, 2013|Budgeting|19 Comments

How to Outsmart the Supermarkets and Save Big on Your Weekly Shop – Guest Post

                                                                                                                                                                         Written by Cassandra from This Is Wellbeing

Are you fed up with the amount you spend on groceries? Me too! I refuse to accept that prices are rising and am determined to take control of my weekly spend!

My grocery shopping has always been reactive and mindless. I go to the supermarket on autopilot and buy what I think I need. This usually results […]

By |November 25th, 2013|Budgeting|9 Comments

Is Costco Membership Worth It?

For quite a while I have been wanting to check out a Costco store.  They promise big savings but I find it hard to stomach the concept of paying a $60 yearly membership fee for the privilege of shopping at their store, without knowing whether the savings stack up.  After much consideration, I decided to take a leap of faith and sign up for a year to find out what all the fuss was about.  So I powered off down Parramatta Road, handed over my cash and added an extra card to my wallet.  But the big question is was it all worth it?

In a word, I think, yes.  But let’s start at the beginning first.  For those who haven’t been Costco it is true American shopping experience.  Everything is super sized!  In terms of the store itself, think Bunnings with food!

But it is not just food you can buy […]

By |July 10th, 2013|Budgeting|47 Comments