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Winter Family Meals On A Budget

As most people know, I am no Martha Stewart, not in the kitchen and particularly not the insider trading bit!!!  So this week on Money Mummy, I have decided to do something a little different and have challenged four of my most favourite bloggers to join me and come up with two winter recipes each that will fill your family’s belly but won’t break the bank.

So ‘Ta Da’ welcome to “Winter warming recipes that will keep both your belly and budget smiling”

So let me introduce the fab five:

By |July 27th, 2014|Recipes|31 Comments

The Federal Budget 2014: What Does It Mean For Your Family?

Ok if the 2014 Federal Budget was all a bunch of gobbledy gook to you then do not worry you are certainly not the only one!!!!  Here is my take on what you really need to know about what was announced in the Budget and how it will impact you and your family!

  • If you get the Family Tax Benefit part B the rules have changed.  Only Families on a income of less $100,000 with children under six qualify.  Though existing recipients of Part B with children six or older will continue to receive payments for two years.
  • Planning to have a baby?  The new paid maternity scheme to start in July 2015 will have scheme payments capped at a payment of $50,000, as opposed the originally promised $75,000.
  • Going to the Doctor will cost you more:  Anyone who sees a doctor and gets bulk billed will pay $7 every time they go.  Non-bulk-billed […]
By |May 16th, 2014|Federal Budget|15 Comments

What Is The Best Way To Save For Your Child’s Education?

Education is expensive.  Even if you have no intention of sending your child to a private school, the costs associated with your local public school soon add up.  There are books, shoes, uniforms, excursions and after school activities.  The costs seem endless.   This is not even to start thinking about costs of higher education should they choose to go on to university or TAFE and you want to help them out.  So how do you afford to pay for it all?

The keys to success to save for your child’s education is to start as early as you can and save regularly.  Time and having a regular savings plan help to harness the most powerful wealth building tool ever: compound interest.  Compound interest is when you earn interest on top of your interest.  When you save or invest your money earns interest, so you then earn interest on your original investment […]

By |January 30th, 2014|Saving|21 Comments

Christmas Craft – Hand Wreath – Guest Post From Mums Take Five

Christmas is a great time to “get your craft on” and save some cash by making gifts instead of heading to the shops.  Given I am not at all talented in the area of craft, I asked the brilliant Bel from Mums Take Five to guest post with one of her fabulous craft ideas for Christmas.  This one is one is super easy and looks amazing.  I can’t wait to get “my craft on”  with Miss Money and make one myself!  Over to you Bel!

Written by Bel from Mums Take Five

This is an easy craft for kids to build and looks so cute when its done. Our Grandma loves hers!

You’ll need:

  • A paper plate
  • Green paper for the hands (we used 12 hands in this one so six sheets with two hands per sheet)
  • Glue
  • Coloured paper squares and pompoms or similar for the centre
  • Piece of […]
By |November 20th, 2013|Christmas|14 Comments

10 Ways To Save On Your Children’s Christmas Presents

Can you believe it?  Christmas time is creeping up!  I was stunned when on a trip to my local Woolies, my daughter picked up pink tinsel and put it in the trolley.  Really?  Christmas stuff already?   After a bit of debate, mainly consisting of me saying the words “put it back”, she insisted it was on my shopping list.  I told her that despite wearing glasses, I was sure I could see the list clearly and that I was sure that pink tinsel was not on the list.  Oats, yes, milk, yes, eggs, yes and even bread but pink tinsel, no it was definitely not there.  Welcome to Christmas!

This unexpected run-in with Christmas made me realise it really isn’t that far away, so I had better get organised.  A Peppa Pig play house is the main request in our household.  They are not particularly cheap so here are some ideas […]

By |October 23rd, 2013|Christmas|33 Comments

Why Money Is Just As Important As Sex (When Talking To Your Children)

Most parents see it as part of their role to have the birds and the bees talk with their children.  They expect that at some point in time it is a conversation (or in most cases, several conversations) that that they will have to have.  It is seen as an integral part of the parent job description, crucial to bringing up a well rounded child.

But why is it not the same with money?  We talk openly with our children about sex but shy away from something that will be just as an integral part of their adult lives.  Think of how many money related things you do every day – go to work, buy the groceries, pay bills, use a credit card, pay the mortgage or the rent.  Whether we like it or not money is an integral part of our daily lives.  I don’t mean this in a “money […]

By |September 18th, 2013|General Finance|38 Comments

6 Ways To Save Money On Your Child’s Birthday Party

If you choose to use the KISS principle anywhere in your life, you should absolutely use it when you are hosting a kids birthday party.  For those of you who are unfamiliar with the KISS principle it stands for “Keep it simple, stupid!”  We applied this principle big time when it came to our daughter’s first and second birthdays.  We just grabbed a picnic blanket, a couple of roast chooks from up the road and headed down to our local park with a couple of friends.  Simple, low stress and oh so cheap.

This year, with Miss Money turning 3, she really wanted a proper birthday party.  So, with much trepidation we decided to give it a go.  Kids birthday parties are a bit like weddings, it is easy to get carried away and they can easily become black holes for cash.  So here are 6 ways we saved money whilst […]

By |September 5th, 2013|Saving|27 Comments

5 Financial Tips You Should Know Now You’re a Parent

Let’s face it parenthood changes everything.  From your social life to your ability to go to the bathroom in peace.  Things are no longer just about you and your partner, there are other considerations that must be made.  With parenthood also comes extra financial responsibility, there are extra costs and quite often less income coming in the door as one partner stays home or changes to part time work.

So here are five financial tips that you need to know now you are a parent:

  1. You should make sure you have a Will. I know you don’t want to think about it, but a Will is crucial in making sure that your children are well looked after should anything happen to you, your partner or both of you.  It gives you the ability to say how your assets will be distributed and even who should have custody of your children should the worst […]
By |August 20th, 2013|General Finance|37 Comments

Your Superannuation And Your Children: One Thing You Really Should Know

OK, here is a bit of a morbid one and it is something most people don’t like to think about but have you thought about what will happen to your superannuation should you die? Most people assume that their superannuation will pass to their beneficiaries as per their will, but this is not necessarily the case.  In fact, your superannuation does not always automatically form part of your estate should you die.  Surprised?

This is because superannuation is held in a trust structure and a Trustee manages your superannuation money on your behalf.  Who this is depends on the type of fund you have.  For an employer scheme this is often a large institution, for self managed funds, it could be a person or a private company.  When a member of the fund dies, the trustee of the super fund often has discretion to pay out the entitlements as the Trustee sees […]

By |June 19th, 2013|Superannuation|1 Comment

Interview With Talking Mums Magazine

Hi All,

I did an interview with Talking Mums Magazine the other week about Money Mummy and where I would like it to go.  Click on Read More to see the You Tube video. Check it out!  Happy Investing!  Money Mummy

By |April 11th, 2013|Interviews, Investing Basics, The beginning|1 Comment