+ Reply to Thread
Page 1 of 5 123 ... LastLast
Results 1 to 10 of 44
  1. #1
    AndrewTheEmu is offline Bubhub Ambassador - tongue in cheek
    Join Date
    Jul 2010
    Posts
    2,895
    Thanks
    252
    Thanked
    399
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts

    Default Single parents of 1 child financial advice please.

    How do you afford it?.. Seriously?

    And please be honest as I need that hard facts please.

    How much is single parents pension for 1 child (2yo)?

    Do you still get family tax benefit A&B? and how much is it?

    How much is your rent & how many rooms do you have?

    Can you afford a car?

    Do you work?

    How much can you earn a week before it affects your payment?

    Is your bub in care any days a week? And if yes, what percentage of the full cost do you have to pay?

    Do you get payments from FOB and what percentage of his wage is it and does it affect your payment?

    Do you get rent assistance and what percentage of your rent is it?

    Phew I think that's it's sorry as you can see I need some answers.

  2. #2
    AndrewTheEmu is offline Bubhub Ambassador - tongue in cheek
    Join Date
    Jul 2010
    Posts
    2,895
    Thanks
    252
    Thanked
    399
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Also can you afford luxeries like alcohol, gym memberships, nice food (fresh fruit veg & meat & treats)..

    That's a really important one I know :eyes:

  3. #3
    Join Date
    Feb 2008
    Posts
    22,003
    Thanks
    3
    Thanked
    1,782
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    How much is single parents pension for 1 child (2yo)?

    I think its just over $600 a fortnight

    Do you still get family tax benefit A&B? and how much is it?

    You will get full rate of both which its about $300 I think

    How much is your rent & how many rooms do you have?

    I am in govt housing so my rent is 25% of my income.

    Can you afford a car?

    I don't drive but I wouldn't.of been able to afford a car

    Do you work?

    Yes and better off working as I don't get much PPS now, some fortnights I get nothing.

    How much can you earn a week before it affects your payment?

    You can earn just under $1900 fortnight before you get no PPS for that fortnight. 13fortnights of earning too much in a row and they cut you off your payments so you just need to watch how many fortnights you go over

    Is your bub in care any days a week? And if yes, what percentage of the full cost do you have to pay?

    He would of been but now he goes to school. We used to be 100% CCB when we went.

    Do you get payments from FOB and what percentage of his wage is it and does it affect your payment?

    No CS for us sorry

    Do you get rent assistance and what percentage of your rent is it?

    I don't get any because I am in govt housing.

    Goodluck hun.



    Sent from my HTC One XL using BubHub

  4. #4
    Join Date
    Feb 2008
    Posts
    22,003
    Thanks
    3
    Thanked
    1,782
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 postsRuby Star - 15,000 postsDiamond Star - 20,000 posts
    Quote Originally Posted by TheSudgestionator View Post
    Also can you afford luxeries like alcohol, gym memberships, nice food (fresh fruit veg & meat & treats)..

    That's a really important one I know :eyes:
    Yes and no. We do now because I work but when I wasn't it was rare. I don't drink much so that didn't bother me, fruit and vege was always the usual carrots, potatos and peas and meat was always sausages and mince with a bit of chicken.

    I guess if you did a budget and stuck to it, its doable but very tight.

    Sent from my HTC One XL using BubHub

  5. #5
    Join Date
    Jan 2008
    Posts
    8,245
    Thanks
    1,772
    Thanked
    2,017
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a weekBusiest Member of the Week - Most posts for the week ended 19/6/2014
    I think pps is around $640/fn these days. I can't remember the rates of ftb and rent assistance broken down but i get $580/fn. It's just dropped $40-50ish/fn as my youngest is almost 5.
    I get PES as i study FT. That's another $62.40/fn.
    I work but i'm only a casual so i try not to rely on that income as it's obviously not guaranteed.
    I can earn $199/Fn before my pps is reduced.

    I pay $260/week in rent. I have a car that obviously costs heaps in fuel,servicing and insurance.

    I find it difficult as this is the lowest income i've been on in years but at the end of the day we make do with what we've got. It still sh!ts all over being in a unhappy relationship.

    Sent from my GT-I9100 using BubHub

  6. #6
    Join Date
    Jan 2008
    Posts
    8,245
    Thanks
    1,772
    Thanked
    2,017
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    Awards:
    100 Posts in a weekBusiest Member of the Week - Most posts for the week ended 19/6/2014
    Have you sussed out the estimators on the centrelink site? It will give you a more accurate idea of what you will get for your circumstance.

    Sent from my GT-I9100 using BubHub

  7. #7
    Join Date
    Dec 2010
    Posts
    8,794
    Thanks
    3,395
    Thanked
    3,081
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    I think the full rate of pps is $625/fn.

    Family Tax Benefit for a child under 5 is around $290/fn (drops at 5)

    Child support depends on both incomes and care arrangements, but used to be 18% of income over the self support amount. Not sure what the self support amount is, 15k maybe?

    Child support reduces FTB, but I think the first $100/month doesn't affect it, then it's 50c in the dollar. Rent Assistance also drops with FTB.

    No chocolate or alcohol if not working, but I do have a car and house.

    Please note, I have not received full pps so not entirely sure if the rate is correct, also I do not receive child support, so unsure if it is still correct, and my child is older so I do not receive the higher ftb rate. That amount is also just a rough figure.

  8. #8
    Join Date
    Jun 2007
    Posts
    1,687
    Thanks
    259
    Thanked
    182
    Reviews
    2
    Achievements:Topaz Star - 500 posts
    Pretty much all that was said above except i moved back home whilst studying as my ex left me with a nice debt that i had to pay $300/fortnight.
    Now uni and my debt is finished i am in a much better position. I own my own car and have savings all because i moved back home for 4 years. At the moment because dd is in childcare i need to stay on the pension to get 100% ccb as she goes to childcare 4 days per week which still costs me $400/fortnight. So it works out about half and im covered for 50hours but you have to work/study/look for work for 15hrs/fortnight to get this. So I dont get any money from the pension as such just the benefits like healthcare card, free rego etc and a safety net if im sick or have time off work because I am a casual teacher every 10 -12 weeks we have holidays that i am not paid so my cycle of the 12 weeks starts again (you can earn $1600/fortnight for 6 consecutive fortnights before your pension is totally cut and you have to start again)!
    I get $90/week childsupport which is not a lot out of his wage but if you dont claim it yes your centerlink payments are affected unless you have a reason.

    Also, luxuries i couldnt afford without working but this year i have gone crazy i have so many new clothes as we went to melbourne for a holiday and october we are off on another holiday to queensland. I dont have health insurance, gym memberships and our groceries are very minimal. However my daughter will be going to a private school next year something i wouldnt be able to afford without working.
    I wont lie life is hard and i hate it but you do what you have to and i wouldnt have it any other way! Hope i have answered some of your questions.


    Sent from my LG-P920 using BubHub
    Last edited by mummyrissa; 29-07-2012 at 09:23.

  9. #9
    AndrewTheEmu is offline Bubhub Ambassador - tongue in cheek
    Join Date
    Jul 2010
    Posts
    2,895
    Thanks
    252
    Thanked
    399
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Thank you Mz#1Fan

    The $300 for Family tax benefit, is that $300 weekly or f/n?

    Any idea how much my payment would be reduced if I was earning $600 f/n (not that I know how I'll be able to work without care for DD)
    Maybe $480 a f/n might be a more realistic amount.

    How much is 100% CCB? Does that mean 100% of the childcare cost? And how many hours were you covered for a week? Was that because you were working or is that standard for everyone on parents pension?

  10. #10
    Join Date
    Jun 2008
    Posts
    856
    Thanks
    51
    Thanked
    236
    Reviews
    0
    Achievements:Topaz Star - 500 posts
    [QUOTE=TheSudgestionator;6719662]How do you afford it?.. Seriously?

    I work and find it easy with just 2 people to support. I'm better off than a lot of couples with more children and only one income.


 

Similar Threads

  1. Social group for single parents to meet other single parents
    By singledad2768 in forum Single Parents
    Replies: 2
    Last Post: 18-09-2012, 08:39
  2. Single parents... Advice needed!
    By MissWinter in forum General Parenting Tips, Advice & Chat
    Replies: 3
    Last Post: 17-07-2012, 20:18
  3. Financial assistance for single parents on centrelink benefits...?
    By Ellewood in forum Setting up & succeeding
    Replies: 2
    Last Post: 30-01-2012, 19:16

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
free weekly newsletters | sign up now!
who are these people who write great posts? meet our hubbub authors!
Learn how you can contribute to the hubbub!

reviews
learn how you can become a reviewer!

competitions

forum - chatting now
christmas gift guidesee all Red Stocking
Riverton Leisureplex
An Extreme Family Pass at Riverton Leisureplex is the ultimate way to cool off during the summer school holidays. The $30 Pass allows pool and waterslide access for 2 adults and 2 children, as well as a drink, popcorn and an icy pole for each person.
sales & new stuffsee all
Wendys Music School Melbourne
Wondering about Music Lessons? FREE 30 minute ASSESSMENT. Find out if your child is ready! Piano from age 3 years & Guitar, Singing, Drums, Violin from age 5. Lessons available for all ages. 35+ years experience. Structured program.
Use referral 'bubhub' when booking
featured supporter
Softmats
Softmats specialises in safe, non-toxic, and durable play mats. The international Premium Dwinguler™ Play Mats and Premium Bubba Mat™ range of floor spaces are the best quality in the world.
gotcha
X

Pregnant for the first-time?

Not sure where to start? We can help!

Our Insider Programs for pregnancy first-timers will lead you step-by-step through the 14 Pregnancy Must Dos!