Closed Thread
Page 35 of 99 FirstFirst ... 2533343536374585 ... LastLast
Results 341 to 350 of 981
  1. #341
    Join Date
    Sep 2008
    Posts
    2,537
    Thanks
    478
    Thanked
    610
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Mum2b87 View Post
    Actually the threshold for 2014/15 is $53,345 so it's actually a pretty large backwards step - I will be tipped over that threshold now
    No. The 2014/2015 financial year has not come into effect yet. So the current threshold rate is $51,309, which is a mere $671 p/a difference. If you are currently earning less than $53,345 but more than $51,309, you are already paying your HECS debt back. The only way you could be tipped into it now is if you are right now, this financial year, earning more than $50,638 and less than $51,309. Either way, the planned cut off for next financial year is only a difference of $50~ p/week. I don't think anyone would be applying for jobs at the end of this financial year with the plan of earning $51,308 just so they can avoid paying any HECS.

  2. #342
    Join Date
    Sep 2008
    Posts
    2,537
    Thanks
    478
    Thanked
    610
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Jennaisme View Post
    Okay, so just leading on from my previous post.

    I did the budgetting and at its very simplest, I based it on a four year bachelor. Being as we're going the way of the US, I based it on how much they are per year which is about 50k at the lower end. So 200000 for a bachelor. So to start DD off with a good life where she wont be financially screwed and has the option of uni, in 20 years to send her we will need to save almost $500 per fortnight to pay for it. We have ONE kid. Just one.

    Sent from my GT-I9505 using The Bub Hub mobile app

    Why can't your daughter just use HECS/HELP? The money doesn't need to be paid upfront, even if the degree is $200,000.

  3. #343
    Join Date
    Oct 2007
    Posts
    23,248
    Thanks
    6,367
    Thanked
    17,670
    Reviews
    10
    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
    Awards:
    Bubhub Blogger - Thanks100 Posts in a week
    Quote Originally Posted by Lilahh View Post
    Why can't your daughter just use HECS/HELP? The money doesn't need to be paid upfront, even if the degree is $200,000.
    Bc earning 50-60k, our children are going to be under financial stress paying back the HECS until they die. Not including a mortgage and just trying to live.

  4. The Following 3 Users Say Thank You to delirium For This Useful Post:

    beebs  (14-05-2014),Jennaisme  (14-05-2014),Lauzy  (14-05-2014)

  5. #344
    Join Date
    Aug 2009
    Posts
    3,602
    Thanks
    441
    Thanked
    3,371
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Lilahh View Post
    Why can't your daughter just use HECS/HELP? The money doesn't need to be paid upfront, even if the degree is $200,000.
    I'd rather she not be strapped with a 200,000 dollar debt due to the idiocy of the current Australian population and I'd rather her not choose not to go to uni based on how much it is. < I can't word this bit right so I hope it makes sense. Wouldn't you? She might not go and that's fine but we all want the best for our kids and I can't see how setting them up for a lifetime of debt is a good thing, even if it doesn't need to be paid back straight away.

    Eta: Delerium explained it better. Refer to rhat post!
    Sent from my GT-I9505 using The Bub Hub mobile app

  6. The Following 2 Users Say Thank You to Jennaisme For This Useful Post:

    Lauzy  (14-05-2014),TimeForWine  (14-05-2014)

  7. #345
    Join Date
    Aug 2010
    Posts
    6,879
    Thanks
    5,206
    Thanked
    3,905
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 posts
    I just picked up my uncle from the airport. He is ok with the budget but was unhappy they didn't drop the minimum wage.

    ???

    I tried to point out that his own daughters in uni would be effected and health etc but he was unperturbed. He said he invested enough money years ago to fund their uni now and they could therefore fund their own health after they graduate.

    ???

    He was genuinely pleased. I'm completely baffled.



    wifey of hubby who is always away. mother of two girls who are always amusing.

  8. #346
    Join Date
    Oct 2007
    Location
    Melbourne
    Posts
    14,750
    Thanks
    2,078
    Thanked
    3,540
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Quote Originally Posted by delirium View Post
    Bc earning 50-60k, our children are going to be under financial stress paying back the HECS until they die. Not including a mortgage and just trying to live.
    But they'll inherit our unused superfunds when we now kick the bucket at 75 rather than 85 after working those extra 5 years has taken 10 years off our lives and they'll be debt free!

  9. The Following 4 Users Say Thank You to WorkingClassMum For This Useful Post:

    *Cj*  (16-05-2014),beebs  (14-05-2014),KaraB  (14-05-2014),snowqu33n  (14-05-2014)

  10. #347
    Join Date
    Apr 2012
    Posts
    13,067
    Thanks
    9,846
    Thanked
    12,964
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Awards:
    Busiest Member of the Week - week ended 9/1/15Busiest Member of the Week - week ended 7/11/14Busiest Member of the Week - week ended 3/10/14100 Posts in a week
    Quote Originally Posted by ourbradybunch View Post
    The only way I will be getting an 80k job is by turning tricks. Which is looking like a viable job option. Pretty sure im not even joking anymore

    Sent from my SM-G900I using The Bub Hub mobile app
    I hope things work out for you

    I wonder how many women will turn to tricks as a result of the budget changes?

  11. The Following User Says Thank You to VicPark For This Useful Post:

    KaraB  (14-05-2014)

  12. #348
    Join Date
    Sep 2008
    Posts
    2,537
    Thanks
    478
    Thanked
    610
    Reviews
    2
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by Jennaisme View Post
    I'd rather she not be strapped with a 200,000 dollar debt due to the idiocy of the current Australian population and I'd rather her not choose not to go to uni based on how much it is. < I can't word this bit right so I hope it makes sense. Wouldn't you? She might not go and that's fine but we all want the best for our kids and I can't see how setting them up for a lifetime of debt is a good thing, even if it doesn't need to be paid back straight away.

    Eta: Delerium explained it better. Refer to rhat post!
    Sent from my GT-I9505 using The Bub Hub mobile app
    If my sons wanted to go the most prestigious university to get a highly prestigious degree which would cost them six figures, instead of an average university to get a regular degree, which will be charging less than university courses are now, then I would make sure they had really thought through the cost benefit of obtaining such a degree, and whether their future earning potential was worth it. A $200,000 university debt is worth it if you are making $150,000+ your first year out.

    In my position now, my HECS debt would almost certainly be less if the universities were able to be more competitive.

  13. #349
    Join Date
    Sep 2013
    Posts
    2,051
    Thanks
    8,078
    Thanked
    1,258
    Reviews
    0
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 posts
    Quote Originally Posted by delirium View Post
    People will have less money, so they will spend less, which will hurt business, which will hurt employment.

    This whole govt are a bunch of buffoons. They don't seem to understand the basics of economics. Paying off debt by having homeless, starving uneducated people just isn't going to work and defies all of the complex economic mechanisms at work.

    I truly fear for this country. And I don't say that flippantly. I mean I *really* fear for our futures.
    Well said! Couldn't agree more^^

  14. #350
    Join Date
    Jun 2005
    Location
    At the beach
    Posts
    10,495
    Thanks
    1,430
    Thanked
    9,006
    Reviews
    3
    Achievements:Topaz Star - 500 postsAmber Star - 2,000 postsAmethyst Star - 5,000 postsEmerald Star - 10,000 posts
    Awards:
    Busiest Member of the Week - week ended 17/10/14100 Posts in a week
    Quote Originally Posted by Lilahh View Post
    If my sons wanted to go the most prestigious university to get a highly prestigious degree which would cost them six figures, instead of an average university to get a regular degree, which will be charging less than university courses are now, then I would make sure they had really thought through the cost benefit of obtaining such a degree, and whether their future earning potential was worth it. A $200,000 university debt is worth it if you are making $150,000+ your first year out.

    In my position now, my HECS debt would almost certainly be less if the universities were able to be more competitive.
    Seriously who earns $150k in their first year out of uni? My DH and I are both lawyers and the starting salary is around $30k from memory.

    Where are these magical jobs you speak of?

  15. The Following 7 Users Say Thank You to Sonja For This Useful Post:

    *Cj*  (16-05-2014),dancingchipmunk  (14-05-2014),delirium  (14-05-2014),mummytomy2boysxxx  (14-05-2014),Pusheen The Cat  (14-05-2014),snowqu33n  (14-05-2014),WorkingClassMum  (14-05-2014)


 

Similar Threads

  1. What does the budget mean for you
    By loislane2010 in forum General Chat
    Replies: 50
    Last Post: 24-05-2014, 13:49
  2. The Budget?
    By Ellewood in forum News & Current Affairs
    Replies: 17
    Last Post: 18-05-2014, 18:44
  3. How do you budget?
    By IvyRain in forum Family Finances
    Replies: 20
    Last Post: 29-04-2014, 18:20

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
FEATURED SUPPORTER
Prams and StrollersLooking to buy a pram or stroller? :: Viewer reviews of prams :: Pram Buyers ...
REVIEWS
"Made bed time less anxious"
by Meld85
My Little Heart Whisbear - the Humming Bear reviews ›
"Wonderful natural Aussie made product!"
by Mrstwr
Baby U Goat Milk Moisturiser reviews ›
"Replaced good quality with cheap tight nappies"
by Kris
Coles Comfy Bots Nappies reviews ›