Budget friendly tips for wedding planning

I recently came across our wedding budget spreadsheet on my computer (we got married in March) and as I browsed over the expenses, it occurred to me that I learned a lot of cost-related lessons throughout the wedding planning process. Although I don’t intend to be getting married again anytime soon, I thought I’d publish some tips for other cost conscious brides in waiting. (more…)

Modelling the impact of our financial decisions (with very little effort)

Numbers don’t come to me as naturally as words do and this partly explains why I jumped on the personal finance bandwagon a bit later into my twenties. Luckily, many of the basic and sound personal finance concepts can be powerfully communicated using various online calculators.

Here are a few examples using the calculators from the MoneySmart website. (more…)

Adelaide based law firm to charge new lawyers $22,000.00 for legal supervision

phdfindajobA few months ago, I wrote this post speculating on the proposal by a new Adelaide based law firm, Adlawgroup to charge newly admitted Lawyers $22,000.00 for a job. At that stage, I was speculating on the remuneration structure, but it has been confirmed that the Lawyers would not receive a base salary, but rather a commission.

In this article which was posted a few days ago, The Australian has confirmed that the Fair Work Ombudsman has inquired into the business model but is taking no action. Further, Law Society of South Australia president Rocco Perrotta is quoted saying that he expected a review into the business model to be completed within weeks and that the Law Society had no regulatory powers and could not prevent the firm from proceeding. Apparently 25 applicants are lined up and ready to begin. (more…)

Lessons learned in my first 3.5 months as a Lawyer


Hello to my new legally inclined followers, thank you so much for signing up. My previous article on this topic took off on Facebook after it was shared by the awesome site, Survive Law. I thought I would continue the theme and follow up with 5 more lessons learned as I make my way up the ‘new lawyer learning curve‘. (more…)

Lessons learned in my first 3 months as a Lawyer


Today marks the end of my first three months in private practise so I thought I’d mark the occasion by reflecting on some lessons I’ve picked up during this time. Despite probably having been taught some of these concepts during my practical legal training, it wasn’t until I had experienced working in a law firm myself that these lessons revealed themselves to be so critical.


A Break Down of the Insurance Coverage in my Twenties


I was looking at my budget and realised that after the mortgage payments and utility bills, insurance premiums were my next largest expense. I thought it would be a useful exercise to consolidate the various policies and tally up the premiums to put things into perspective and to show what my breakdown of insurance coverage looks like in my twenties. (more…)

Claiming MBA fees as a self education expense on your tax return


My tax return has never been anything special. I vary between owing $500 to the Australian Tax Office (ATO) or having $500 credited to me, meaning that generally my employer has withheld the right amount of tax and I haven’t had any major deductions.

I had always used HECS-HELP (a loan scheme to help eligible Commonwealth supported students to pay their student contribution amounts through a loan or upfront discounts) to pay my university fees, which is not deductible for tax purposes regardless of whether you pay upfront or not. Therefore, I foolishly assumed that my MBA fees were also not tax deductible. Luckily, a friend of mine set me straight over dinner recently.

Because my MBA fees are covered by FEE-HELP rather than HECS-HELP (I have blogged about the difference here), they are eligible to be claimed as self-education expenses provided that the following criteria is met: (more…)