Remember To Water - Growing your personal finances

2016 Federal Budget - Tax 3

2016 Federal Budget Part 1 – Bracket Creep

My View Part #1 – Bracket Creep On Tuesday the 3rd of May 2016 the proposed federal budget was handed down. Budgets will often change or tweak a lot of things from education to defence, from welfare to health and from taxation to job creation. Almost every budget has good parts and bad parts for every individual, company and the economy/country as a whole. Being squarely in the individual category, and with this being a personal finance blog, it is the changes that directly impact me, my family, and my friends (along with fellow Australian personal finance bloggers) that I am most interested in. I...

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Dividend Update – 2016 Q2

So, I have finally got to a point where I can create a second post on a recurring topic – my second quarterly dividend update (and passive income in general). I must say it is a nice change from thinking about the best way to structure a topic, or from having to crystallise my point of view on a topic. You would be surprised how many times I go to start a post only to realise that there is more thinking required on the topic before I am comfortable with my viewpoint. This time however, it is all facts and figures. Bring...

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Money Tips 1 to 10 Explained

Money Tips 1 to 10 Explained (#MoneyTips) I love tips! If you are American, or one of the many other countries that abuses the idea of tipping, I hate tips. Pay your staff a decent wage and let tipping be a smaller amount or for genuinely exceptional service. The tips I am talking about are succinctly encapsulated ideas that provide insightful information. Or as Google puts it in the third usage as a noun under the second definition: “a small but useful piece of practical advice.” I think there is nothing better that a good short sharp piece of practical advice that...

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Why I Stopped My Dividend Reinvestment Plan

A few months ago I stopped the dividend reinvestment plan for most of my shares. So I thought I would share the reasoning behind that decision. It’s not a huge decision, but it is one that I feel strongly about. Or at least feel strongly about now, who knows what changes tomorrow will bring. It really comes down to a few points that helped me align my investments with my goals. If you are interested in some additional pros and cons then this ASX article contains a nice list. Reason 1 – Control This one is the reason that made me start to think about whether dividend reinvestment...

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Dividend Update – 2016 Q1

I have finally got around to tracking, calculating and graphing my dividend income. It took three attempts to find a tracking/recording system that I like enough to keep using. I found a few trackers online, but none gave me the specifics I wanted without the overhead I didn’t. If you know of any good ones, please let me know. As a result of having a nice system, I will now be providing a quarterly (Feb, May, Aug, Nov) dividend update/interest update for my passive income for those of you who are interested (pun intended). Yes, I am a little late on...

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The Real Cost Of “Free” Money – Your Identity

With companies like Uber now valued over $60 billion USD and Airbnb at over $25 billion USD (yes, with a “B” as Dr Evil learnt the hard way) it’s clear that the sharing economy is not going to go away any time soon. As with any new and emerging area that has not yet been fully tested, there can be some pitfalls. Being a financial blog I would like to touch on just one of them that I have now had some direct experience with (thankfully not as a victim). Theft – What Are Your Valuables? It is one thing...

Remember To Water Garden 2

RTW Featured In Making A Difference On Canadian Budget Binder

This week I am being featured in the Making A Difference section of the Canadian Budget Binder blog. This section features a personal finance blogger each week to help with networking of finance bloggers. I know that I have found a number of interesting and informative new blogs from the MAD feature on CBB and hope you do too. If you found me from MAD say hi in the comments below, if not, why not have a read over on the CBB site! I have also put the text below: Who are you? My name is Tom. I live in Australia and...

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7 Tips For Good Financial Parenting

As a child I was very fortunate. I had two parents who both wanted me to have at least some financial knowledge and understanding. They helped me in a number of ways, many of which I did not realise until I saw how other people treated money. Below are my seven tips for good financial parenting that I hope will help give the next generation a leg up. Financial Parenting – Why Talk About Money? Money and managing finance is something that everyone has to do. It is one of the few fundamental areas that has the potential to completely change...

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Australian Decimal Currency 50th Anniversary – Happy Valentines Day

Happy Valentines Day! I thought I would do a valentines day post about something that is having its 50th anniversary on the 14th of February 2016. That’s right, on valentines day just fifty short years ago Australia made the switch to decimal currency. For everyone who helped make, or was part of the change I offer up a very big THANK YOU! I may not have been alive back then, but being a coin collector in a previous life, I have always been aware of the change. My father used to sing the song to me every time the topic...

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Fancy Car Or Expensive Holiday

After my last post on ways to waste your money, one of my friends came to me and asked about why I had not included fancy cars on the list. You could argue that a ride in a fancy car could come under activities, or that learning covers off car mechanics, but neither are really a justification for owning a fancy (read: expensive) car. There is a reason for that, I am not a fan of fancy cars. Or more specifically, I am not a fan of the cost implications of fancy cars. What’s Wrong With A Fancy Car? There...