AU Migrants: Pls share your weekly/monthly budget...

stolich18

Folks, di nyo po sinasma sa weekly computation nyo ang pambayad sa tax? hehhehe

wolfeyez

@lock_code2004 no downpayment yan..basta mgpakita k lng ng payslip madali n kumuha ng sskyan d2

Nadine

@wolfeyez: Wala pa po ako payslip, pero payag na mga agents na NO downpayment for a new car! Madali nga, sa totoo lang. Lalo ngayon they are clearing 2012 stocks.

@lock_code2004: parang free po ang initial 12 month registration yata on buying a car, pero you have to pay for the Monthy insurance. Sa pagkakaintindi ko ha. Correct me guys if I'm wrong. Anyway, the dealer lets you decide what you want based on your needs. Posible po to drive away with no downpayment or $1000 or kahit ano. Kayo po bahala.

Ang pansin ko lang dito ngayon sa Brisbane, ang mamahal ng rental property at pagkain!!! ~X(

Davidx23

@stolich18
Hindi na kailangan kasi kung maalam ka refund ang mangyayari dyan.

stolich18

@davidx23 haha interesting! pano un nagwwork? hehhe feeling ko ma-detalye yan makabisado hehe

stolich18

@nadine wow ok un, walang downpayment. ehhehe Bkt sa kanila allowed na ganon? heheh

Nadine

@nadine wow ok un, walang downpayment. ehhehe Bkt sa kanila allowed na ganon? heheh

2012 po kasi na stock ang tiningnan ko, not 2013. Paubos na rin, they are clearing out kaya madami na concession. 2013 stocks are available na din kasi. Low monthly rates, no downpayment etc. No payslips din kailangan kasi kakarating ko lang last week. Bank account lang kailangan na wala namang laman . No need money din to open bank account. Pinapadali nila buhay mo hehe!

Davidx23

@stolich18
Mag-download ka ng free tax software ng ATO, naka-lagay dun lahat ng pwde mung i-deduct. Tapos some filipinos here classify their money remittances to their family as 'donation' and use that as claimable deduction. Mautak, pag na-audit, better think of a good excuse

stolich18

^ ehehhe thanks! does this mean na almost 0 na ang babayarang tax??? hahhaha! Pero seriously, pano yun, one time big time kase magbayad ng tax sa au, di ata ako sanay sa ganon kase dito sa pinas deducted na agad sa sweldo hehhehe medyo malaking amount pa rin I suppose? hehhehe

TasBurrfoot

^ ehehhe thanks! does this mean na almost 0 na ang babayarang tax??? hahhaha! Pero seriously, pano yun, one time big time kase magbayad ng tax sa au, di ata ako sanay sa ganon kase dito sa pinas deducted na agad sa sweldo hehhehe medyo malaking amount pa rin I suppose? hehhehe

Similar sa Pinas ang tax sa Australia... You get deducted as you earn!

stolich18

@psychoboy hahha di ko alam to! Akala ko parang magssubmit every June or July ba un? ehehehhe tska dito sa Pinas blessing lang din na may tax shield ako hehhehe
So meaning to say, di ko na kailangan magset aside ng money for taxes? hehe Pag ganon kase parang wala na matitira hahaha

TasBurrfoot

@psychoboy hahha di ko alam to! Akala ko parang magssubmit every June or July ba un? ehehehhe tska dito sa Pinas blessing lang din na may tax shield ako hehhehe
So meaning to say, di ko na kailangan magset aside ng money for taxes? hehe Pag ganon kase parang wala na matitira hahaha

You submit your return every after June of each year... Kumbaga, you report your income; dito malalaman if kulang ba binayad mo or may sobra - hence more often than not, may kaunting adjustment...

stolich18

heheeh thanks @psychoboy!

LokiJr

general question lang po..baka kasi meron na sa inyong nakabili ng bahay sa Australia, how much po normally ang range ng ammortization ngayon?

TasBurrfoot

general question lang po..baka kasi meron na sa inyong nakabili ng bahay sa Australia, how much po normally ang range ng ammortization ngayon?

I don't have a house but I reckon I can answer your question:

This really depends on the ff:

(1) Your loan amount
(2) Your interest
(3) Your tenure of loan

From what I gather, it is generally heavier on the pocket to service your mortgage than to rent a house. BUT, you are building equity naman dito sa bahay unless renting wherein it will all be expense.

Hope this helps!!

LokiJr

@psychoboy ah ok hehe..makes sense
the reason I asked is I'm hearing a lot about mortgage offset accounts in Australia...parang efficient na paraan para paikutin yung pera.

TasBurrfoot

@psychoboy ah ok hehe..makes sense
the reason I asked is I'm hearing a lot about mortgage offset accounts in Australia...parang efficient na paraan para paikutin yung pera.

You seem to know a lot about all these financial jargons - tax offset, mortgage offset, etc so it just makes me wonder why you were asking about mortgage payment computation...

icebreaker1928

@psychoboy accountant yan si fafa loki e... Australian Accounting pa alam nyan

TasBurrfoot

@icebreaker1928 - eheheeh!! am still struggling to understand the complex australian taxation, superannuation, etc and I don't have a slight idea about mortgage offset account...

Cheers!!

vangievc

@akino
Sir, hindi po advisable na every fortnight kau mag grocery kasi mabilis mapanis ang food dito lalo na summer ngayon. Yung mga tinapay usually 5 day expiry, pero sa init ngaun 3-4days pa lang may molds na. Ok yan kung nasa Canada kayo. Ako araw araw nasa grocery para sariwa yung meat at seafood.

Lagay nyo po sa freezer bread nyo para Hindi masira tapos toast n lng. OT advertisement Lang.

Learning with you guys...kahit matagal nko ditto.he he he..natututo kong mag tipid. I salute you guys on how you handle things here...God Bless

TasBurrfoot

@akino
Sir, hindi po advisable na every fortnight kau mag grocery kasi mabilis mapanis ang food dito lalo na summer ngayon. Yung mga tinapay usually 5 day expiry, pero sa init ngaun 3-4days pa lang may molds na. Ok yan kung nasa Canada kayo. Ako araw araw nasa grocery para sariwa yung meat at seafood.

Lagay nyo po sa freezer bread nyo para Hindi masira tapos toast n lng. OT advertisement Lang.

Learning with you guys...kahit matagal nko ditto.he he he..natututo kong mag tipid. I salute you guys on how you handle things here...God Bless

I have created a separate thread for tipid tips ms @vangievc! Hopefully we can generate lots of tips/responses there...

http://pinoyau.info/discussion/1068/tipid-tips-in-australia

sweet_tooth

anyone from sydney who can share their weekly/monthly expenses? thanks

LokiJr

@psychoboy I don't really compute for the mortgage payment kasi...in my work, we do debt management of some sort, but we're not licensed to provide computations for morgages (so hindi ko na rin inaral hehe)

TasBurrfoot

@psychoboy I don't really compute for the mortgage payment kasi...in my work, we do debt management of some sort, but we're not licensed to provide computations for morgages (so hindi ko na rin inaral hehe)

Ahahaha!! Cool, I will pm you with any debt related query in the future...

Cheers

wolfeyez

@stolich18 di na kelangan mag-allot para s tax, usually yung mga may 2nd job lng ang ngbbyad ng tax..and mas madalas may narerefund k p.. s unang taxation mo dito malaki nkukuha n tax refund basta di ka nakakumpleto ng 1 year n nagwowork.. like what we get last June..lahat ng binayad nmen n tax nakuha nmen..

stolich18

@wolfeyez thanks! Akala ko kase di pa niddeduct yung tax bago makuha ng employee ung sweldo heehe

LokiJr

pero sarili ka magffile ng itr diba? so income excluding employment salary?

@stolich18 mukhang may trabaho nang naghihintay sayo a hehe

stolich18

@LokiJr oo nalilito nga rin ako sa part na yan! hahhaha Wala pa akong work, sana nga magkatotoo yang sinabi mo! hehehe lahat ng recruiters na nakakausap ko, preferred tlga nila na andon na sa Au ung mga ihhire kase raw too many risks come into play pero they understand daw na marami din daw ang playing safe hehe anyway sorry nag-digress na sa topic hehe

Matagal ko na kase iniisip pano ibbudget weekly un especially if tayo ung magffile ng ITR... Eh pag ganon pa naman, gusto ko kase ibawas na agad sa budget ung pambayad ng tax para no surprises come June

LokiJr

@stolich18 pagpunta mo Australia kumuha ka na ng accreditation (tax accounting kung gusto mo, dami kita dun )

Actually you brought up a good way of saving in Australia --which is to be diligent with your ITR....taon taon may nilalabas ang Australian government na pauso tapos pag ginawa mo yun, may corresponding tax breaks / offsets...Last financial year, it had something to do with disability insurances, dental care and green technology hehe

icebreaker1928

@LokiJr puros green energy nga nababasa ko sa humanservices ngayon e... explain mo nga pafs loki... ano ba yun? hehehe