The Shared Finances vs Separate Bank Account Debate At some point, every couple has the shared finances vs separate bank accounts conversation. But, as with all money-related matters, it’s rarely a straightforward process. Let’s look at the 3 most common options for couples to manage their finances, to help you choose what kind of strategy […]
The Etax Blog: Tax Tips
Saving Money: How to save a million dollars – plus how to save money faster
How Can I be Great at Saving Money? To save money, you don’t need to make huge changes to your lifestyle. You don’t have to somehow find a job earning 5 times your current salary. What you need is to simply make the decision and commit to saving some money, however much or little that may be. […]
School holiday ideas for a tight budget
Looking for cheap school holiday activity ideas? You’ve found them! From creative projects to local adventures, there are countless ways to enjoy school holidays on a budget. In this post, we’ve hunted all kinds of cheap and free school holiday ideas for activities that children (and adults) will love, that won’t put a strain on […]
What is the maximum ATO late lodgement penalty?
The maximum fine handed out by the Australian Taxation Office (ATO) for not lodging your tax return by the 31 October deadline is $1,650! Fines can start at $330 for being just one day overdue, then increase over time, as follows: Days overdue Total fine amount 1 – 28 days $330 29 – 56 days […]
What is Loyalty Tax and How to Avoid Paying It
What is Loyalty Tax? Firstly, it’s important to note that Loyalty Tax has absolutely nothing to do with the ATO. Loyalty tax is a sneaky, underhanded way that companies extract money from all of us. Fortunately, loyalty tax is avoidable. Some of the most well-known and trusted companies in Australia apply a loyalty tax against […]
HELP Repayment Rates: How To Repay HELP Debt Quickly
Need help with HECS-HELP debts? Here are some tips on repaying your HELP debt… If you are one of many people who finished university with a HELP (Higher Education Loan Program) debt, you might not be sure exactly what the steps are to repay help debt. It’s important that you know how to repay HELP debt, […]
Find Lost Super – How to track down your superannuation and boost your retirement savings
Key Takeaways Finding and consolidating your lost super could significantly boost your retirement savings: Millions of Australians have more than one superannuation account (super fund). That can mean paying more fees leading to less superannuation for your retirement. The good news is that, these days, it’s easy to find lost superannuation accounts and combine them […]
How to Pay Off Credit Card Debt Fast: 6 Strategies that work in 2026
Key Takeaways: 6 Proven Strategies to Eliminate Credit Card Debt The top 3 questions asked about credit card debt in forums across Australia: Do these sound familiar? If you have credit card debt, you probably need to know the answer to these questions yourself. So, let’s answer them by looking at 6 proven strategies for […]
Exploring the FIRE Movement: A journey to financial freedom in Australia
Could you retire at 40 instead of 67? If you follow a version of the FIRE strategy, it can be possible, but the price is high! What is the FIRE Movement? The FIRE movement (Financial Independence, Retire Early) challenges the traditional notion of working until 67 by encouraging people to save and invest aggressively to […]
Modern Awards: Your Rights as an Employee
As an employee in Australia, you have workplace rights that protect both your working conditions and how much you’re paid. In many industries, one of the most important protections is something called a modern award. They set the minimum pay rates and conditions for different industries.
3 Achievable Financial Goals to Set Each Year
If your mind is full of goals but they all seem so overwhelming that you keep putting them off, this article is for you. We look at how you can achieve more by aiming for less.
How much does a dog cost? – Really!
Get up to speed on the REAL cost of owning a dog, so you know what to expect before your commit. We’re not just talking about the purchase price, which can be eye watering, but the ongoing cost of owning a dog over its lifetime.
Contractor vs Employee: Which is best for you?
When you’re weighing up the contractor vs employee career route, you’re not just choosing a job title, you’re shaping your lifestyle, income strategy, and long-term career path. In this guide, we explore the trade-offs between employment and contracting, giving you a clear outline of each structure, along with real-world examples.
How to save money – 3 money saving tips to ignite your savings
Struggling to grow your savings account? With so many increases in the cost of living, many of us are feeling the pinch in our savings accounts. We regularly hear of people actually having to dip into their savings to make ends meet, or to make purchases that just couldn’t be put off any longer. That’s […]
Division 293 Tax
What is Division 293 Tax? Division 293 tax is an additional tax on concessional superannuation contributions for high-income earners in Australia. Its purpose is to reduce the tax advantage that wealthier individuals receive on their super contributions, making the system more equitable. Who It Applies To You may be subject to Division 293 tax if […]
