5,569 reputation
1633
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location Sydney, Australia
age
visits member for 2 years, 3 months
seen 2 hours ago

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reviewed Reviewed Tax implications of selling part of land associated with main home
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comment What is the term for a shared budget?
+1 - for the pay yourself first concept - great advice for someone just starting their adult lives as well as those finding it hard to make ends meet. It just takes a bit of a mind shift and some discipline to make it work.
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comment What is the term for a shared budget?
@user2738698 - what MrChrister means is say you earn $100 per period, you would pay yourself first (your savings) 10% or $10, then pay all your expenses (rent, food, phone, etc.), say $50. The remaining $40 you have free to spend and enjoy on yourselves. If you want to save more you can increase the pay yourself first, but try to at least start with 10%. Once you have built up some savings as a buffer for a rainy day you may even start thinking about investing your future savings for better long term returns. A budget is a work-in-progress and it should change with your changing requirements.
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reviewed Close What is necessary for building a home out of town (U.S.)
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awarded  Custodian
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reviewed Satisfactory Which mutual funds is Dave Ramsey talking about in The Total Money Makeover?
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reviewed No Action Needed What is the term for a shared budget?
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comment I carelessly invested in a stock on a spike near the peak price. How can I salvage my investment?
@Taemyr - the only thing that you're forgetting is the psychology of having lost $9k and being left with $1k compared with starting with $1k and no losses.
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comment Why is the price of my investment only updated once per day?
Your answer is partly incorrect !
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reviewed Approve suggested edit on Graduate student stipend 1099-misc taxes seem to be coming out too high. Am I doing something wrong?
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comment Property appraisal protest question
Is the appraisal from a government agency? In Australia we only get these appraisals on the land value (and not the building), they only affect what Land Tax we pay and not the actual value you would look to sell at. So why do you want to protest the appraisal? And do you want to protest it on the upside or downside?
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comment Property appraisal protest question
It would be good to include a country tag.
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answered Why is the price of my investment only updated once per day?
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reviewed Reviewed Property appraisal protest question
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awarded  Custodian
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reviewed Reviewed Do Square credit card readers allow for personal use?
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reviewed Leave Open Buying property in India : joint owner
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reviewed Approve suggested edit on Any banks in Hong Kong offer credit cards to non-HK residents?
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reviewed Close Is my spouse at risk for a joint filing in a year where I have settled a major debt?
Apr
13
awarded  Custodian