FatCat's Money Confessions

FatCat's MoneyConfessions - helping you save (& make) money, one click at a time

Quote of the day

The way to gain a good reputation is to endeavor to be what you desire to appear
Socrates

Stockmarket


TheBull news

Aust stocks expected to open lower, without lead from US

The Australian share market is expected to open slightly lower on Monday, with no lead from United States markets, before investor attention turns to interest rates

Labor quiet on ciggie price hike but Quit backs proposal

The Rudd government says it's committed to reducing smoking rates but has refused to confirm reports it's set to almost double cigarette taxes

Rates tipped to stay put for third month

The central bank is expected to keep interest rates on hold for a third straight month in July as more signs emerge that the economy is faring better than most.

Fall in internet job ads levels off

A decline in the number of jobs advertised on the internet levelled off in June, according to the latest Olivier Job Index.

No big rise in house prices: Lend lease

Property developer Lend Lease Corporation Ltd expects house prices will recover but does not anticipate big rises despite a housing shortage in Australia.

GM mulls options ahead of court ruling

General Motors executives are awaiting a key court ruling that will determine whether they can establish a new company.

Shanghai plans more bull than Wall St

China's financial capital Shanghai plans to build a bigger version of New York's charging bull statue that sits near Wall Street.

MOUNTAIN OF DEBT: Rising debt may be next crisis

MOUNTAIN OF DEBT: Legacy of debt from Founding Fathers not celebrated on Independence Day

Oil market probes alleged rogue trader

Oil market officials in London have launched a probe into an alleged rogue trader who this week helped push prices to eight-month peaks.

Cape Lambert increases stake in DMC

Cape Lambert Iron Ore Ltd will take a 37 per cent stake in smaller iron ore explorer DMC Mining Ltd without triggering a takeover.
 

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Forum

nikki

debt bankruptcy 12 Replies

I just saw an ad for Debt Cutter on tv encouraging debt agreements and help with debt. They say on ther web site www.debtcutter.com.au quote "The Debt Agreement does go on the public record and you...

Started by nikki in Debt. Last reply by nikki 26 Jun.

Greg

Share Trading offsets 7 Replies

I am carring significant capital losses and since Dec 08 have been actively share trading to recoup, since my business has also been reduced to part-time due to the downturn so I had the time. As a...

Started by Greg in Investing. Last reply by Bandwidth 22 Jun.

nikki

who is responsible? 7 Replies

Can anyone tell me who is resposible for a credit card debt if you die? If you have no estate to speak of and you have a credit card debt, who pays? Can your children be made to pay off your debt i...

Started by nikki in Debt. Last reply by nikki 17 Jun.

Mark N

Transfering Money From UK -> Australia 4 Replies

Hi, I’m new to this forum and am after some advice and thought I'd be the first to post an article in this catagory! I have money invested in Hedge Funds in the UK which is managed by a close frie...

Started by Mark N in Legal issues. Last reply by Mark N 3 Jun.

ff123

prepaid insterst 1 Reply

Someone reckons you can prepay your interest on ALL investment loans now and get a tax deduction as part of your tax return for this year. The person I was talking to seemed to say that if you wer...

Started by ff123 in Tax. Last reply by Bandwidth 23 May.

Brad Kendrick

Post redundancy help!! 7 Replies

Hi all :) I was recently made redundant at work, as I know many people have been lately and I am sure many are yet to be. Being motivated, I'm not sitting around doing nothing and have been to man...

Started by Brad Kendrick in Debt. Last reply by Keith Musgrave 14 May.

Jill Fraser-FatCat journalist

Tips to cut your spending in half 8 Replies

The cornerstone of wealth creation is the ability to save money and the only way to save is to spend less than is earned. There are many ways to cut down on spending on even the tightest budget. ...

Tagged: budgeting, Money

Started by Jill Fraser-FatCat journalist in Tips to save money. Last reply by Georgina 8 May.

Georgina

Recession investing? 6 Replies

Unemployment is up, not too many job ads in the paper, and more job losses predicted. Share market is down (too few shares going anywhere but down mostly). Lots of cars and real estate being offere...

Started by Georgina in Investing. Last reply by Mark N 30 Apr.

Determined

First Home Buyer After Bankruptcy 1 Reply

Hi everyone, I am not sure if anyone here could give us an insight as to when if ever it will be possible for us to become first home buyers but I'd love to hear other people's experiences. My hu...

Tagged: loans, mortgages, home, bankrupt, discharged

Started by Determined in Property. Last reply by nikki 14 Apr.

FatCat

Scams, cons, etc

Hi FatCat members, You'll note from time to time that a post will pop up here from one of the many scammers/con artists around the world. Ah, the beauty of global access via the Internet. While w...

Tagged: cons, scam

Started by FatCat in Scams 14 Apr.

Karen

What's going to happen to the property market? 98 Replies

With WA & QLD surging and other States (ex-NSW) posting good gains, where to from here with the property market Australia-wide? With strong immigration and the economy still trucking along, sur...

Tagged: rates, prices, interest, property

Started by Karen in Property. Last reply by ff123 26 Mar.

Melinda

Kids and the Value of Money 21 Replies

It's never too early to educate your children in the fine art of budgeting, money management & reaping what you sow. I have a 10 year old daughter who was asking about the pension last night a...

Started by Melinda in Comic relief. Last reply by Kate Pettiford 25 Mar.

Marie

Supermarkets 5 Replies

Please check your dockets! Supermarkets can put two items on your dockets sometimes, when you've only bought one item. I check my dockets at home, but really should check at the end of the checkout...

Started by Marie in Tips to save money. Last reply by JeffK 25 Mar.

evenmada

All these online money making ideas 57 Replies

I'm in need of ways to make some money and currently looking at so many online ideas. from ebay to google money pro. Even looking at a site that said 'HOW I EARN £14,576.92 PER MONTH" selling for 3...

Started by evenmada in Money making ideas. Last reply by damian 7 Mar.

Natalie Bochenski

Nine hundred big ones 13 Replies

My goodness it's been ages since I've posted on Money Confessions! Many apologies for my tardiness. I must admit to being very excited about receiving an upcoming $900 payment as part of the feder...

Tagged: bonus, stimulus

Started by Natalie Bochenski in Tax. Last reply by Marie 4 Mar.

Fudge

ASX200 under 3000?

any thoughts? seems like we have tested 3100 today? I read the Dow will hit below 5000 before this mess gets any better?

Started by Fudge in Investing 2 Mar.

Shastapatch

Joint business venture, simplicity the key 4 Replies

Two friends of mine are planning a joint business venture, which they will operate together in the evenings while continuing to earn income from their usual daytime jobs, outlined as follows: • On...

Started by Shastapatch in Business questions. Last reply by Fudge 2 Mar.

Miffy

Building your own home 5 Replies

Hi all, Prickly Pete wrote this to me about building his own home, and I thought it was too good a story to keep to myself. Does anyone else have any tales about building their own home, or at the...

Tagged: builder, owner, building, home

Started by Miffy in Property. Last reply by shannon 23 Feb.

Marie

Withdrawing your money from ATM's 3 Replies

If we're getting charged more for withdrawing our money or using our cards through EFTPOS in supermarkets etc. and having to use our bank's ATM's will there be more thieves robbing us of our money?...

Started by Marie in Credit Cards. Last reply by jacquesk 18 Feb.

ff123

How do the RBA Control Interest Rates

How do the RBA Control Interest Rates: Quick Question how do the RBA control interest rates physically. If I borrow money from a bank they charge 10% The bank must borrow money from someone say t...

Tagged: Control, Rates, Interest, RBA

Started by ff123 in Credit Cards 17 Feb.

Blog Posts

Christopher Chambers

Being out of debt

Posted by Christopher Chambers on 2 June 2009 at 7:02pm

Brad Kendrick

Post redundancy help!

Posted by Brad Kendrick on 2 May 2009 at 4:31am — 1 Comment

rosamond

Baby Ain’t Cheap: Entertaining the Kids on a Budget

Posted by rosamond on 22 March 2009 at 10:46pm

rosamond

Emotions can burn a hole in your wallet, too

Posted by rosamond on 3 March 2009 at 9:30pm — 1 Comment

Mrs. C. Jarvie

Paper trading for beginners

Posted by Mrs. C. Jarvie on 3 December 2008 at 4:02am — 5 Comments

Georgina

Investing

Posted by Georgina on 24 September 2008 at 5:36am — 9 Comments

bvbfan

Dumb management

Posted by bvbfan on 5 September 2008 at 9:13am — 7 Comments

colleen curran

Back on the air waves

Posted by colleen curran on 12 August 2008 at 1:36am — 4 Comments

Bandwidth

Cost of living

Posted by Bandwidth on 10 August 2008 at 4:15pm

Bandwidth

Lessons Learnt in Share Trading

Posted by Bandwidth on 4 August 2008 at 3:38am — 22 Comments

Scott Keefer

Sound Investing Podcast - Well worth a listen

Posted by Scott Keefer on 1 August 2008 at 6:15pm — 3 Comments

Spoiltgirl

A cautionary tale for parents of princesses

Posted by Spoiltgirl on 28 July 2008 at 10:33pm — 8 Comments

Spoiltgirl

Spoiltgirl does a budget today

Posted by Spoiltgirl on 27 July 2008 at 7:00pm — 3 Comments

Bandwidth

Setting Financial Goals

Posted by Bandwidth on 24 July 2008 at 10:37pm — 5 Comments

Spoiltgirl

Some things I did to save money today..

Posted by Spoiltgirl on 23 July 2008 at 10:55pm — 1 Comment

Bandwidth

We get what we want out of life

Posted by Bandwidth on 22 July 2008 at 10:00pm — 1 Comment

 
 

Latest Activity

There are 185 forum topics on FatCat's Money Confessionson Friday
Karen Green, arti sham, marcus clayton and 7 more joined FatCat's Money Confessionson Wednesday
nikki replied to nikki's discussion 'debt bankruptcy'June 26
You were honest and disclosed your information. Did it say anywhere on the application that Bankruptcy excluded you from applying? I don't know if it would preclude you from acceptance but you never can tell. I sympathise with you and am curious t...
arti sham replied to nikki's discussion 'debt bankruptcy'June 25
I have done a debt 9 agreement , I am about to accept a job offer with comminsure which is CBA,they about to do a probity check have disclosed to them that i have done the debt 9 agreement.I am worried whether they will declined the offer to me i ...
BTW any cost incurred in trading are written off against the income although I think brokerage is wrapped up in the capital costs
As far as I can see there is only one entity YOU so the losses and gains are ALL aplieed to you. Unless I am wrong you are filling in personal tax returns for the business income and losses so as far as the ATO is concerned it is all You I am not...
Greg replied to Greg's discussion 'Share Trading offsets'June 22
Thanks Bandwidth, The business is a micro-business and unregistered, so income defaults to me personally. The share trading likewise so I am personally carrying a small business income and ongoing capital losses personally to add the share tradin...
Hello Greg Sorry to hear of your bad run and I hopre you can find a way to settle your affairs in a way that allows you to carry your losses in a way the allows you to write them off. It is a complex matter nad depends on how any income was pres...
Hello Greg There are some good examples on the ATO. I don't know if there are any that meet your needs but worth a look. The structure of your business will change the way losses can be carried
Greg replied to Greg's discussion 'Share Trading offsets'June 21
Thanks Bandwidth, I have been through some tough times so have done all my tax myself - I've had the time and a good understanding is all I've needed. It has been simple so far but just need advice as to which boxes to fill. Could not justify a t...
I am not an accountant and I suggest you talk to a good one, here is my view All the income and loss from share trading is in the name of the entity doing the trading If the business income is a wage you are paying yourself then the losses can b...
Greg added a discussionJune 20
I am carring significant capital losses and since Dec 08 have been actively share trading to recoup, since my business has also been reduced to part-time due to the downturn so I had the time. As a active share trader I have made some trades that ...
nikki added 2 videosJune 17
nikki replied to nikki's discussion 'who is responsible?'June 17
Thanks a bunch for that, I will pass it on to my elderly client. He has been very worried about it. I love this forum :)
JeffK replied to nikki's discussion 'who is responsible?'June 17
OK, so I may have been wrong - not for the first time ;) After reading the link jacquesk supplied and talking to a financial planner I'm ready to admit that I was wrong. It appears that if there's no estate then the lender can't chase rellies. S...
nikki replied to nikki's discussion 'who is responsible?'June 16
I was asked this question by an elderly client on an aged pension where I work. He is in a rental house, has no assets and the bank sent him free credit increases. You know " sign here for a credit limit increase" etc. So he did and now has a larg...

FatCat news

Cash is king but card use growing: RBA

Australian remains a cash-based society but the use of plastic and debit cards is growing as consumers seek more convenient payment methods, the RBA says.

Bank customers vent anger online

Social networking sites are booming with people publicly expressing their displeasure at the big four.

Instutions join pledge to assist struggling homebuyers

The banking industry says all home lenders should sign up to the federal government's initiative to support borrowers who have lost their job and are struggling with mortgage repayments.

Tax & retirement strategies

There are a number of tried and tested tips and strategies that may work for you

SMSF strategies for low income earners

How can we lessen the tax burden on our SMSF to enable us to build wealth and retire eventually?

Property with positive cash flow

When interest rates are low and rental yields are high, some property owners can set up a structure commonly known as positive gearing

18 Share Tips - 16 June

Red Fork Energy - we first recommended this company a few months ago when the share price was well below 30 cents

Receiving a refund from the tax man

Tax is levied on your taxable income on a progressive basis referred to as marginal tax rates, which can vary from between 0 per cent and 45 per cent

Home grants risk more defaults: Steve Keen

The extension of time for the enhanced first home grants puts more borrowers at risk of default, as the spectre of double-digit unemployment looms, an academic says.

Watch your forecasters closely

Precise economist forecasts need to be treated with a grain of salt
 

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