BMG Financial Planning and Accounting Albury Wodonga

January 2020

New Year’s resolutions | The FHLDS | Legislative changes | Year in search | Cashflow analysis

Welcome to 2020. We hope you had a happy and safe festive season.

In this month’s newsletter, we begin by discussing New Year’s resolutions, and why it can sometimes prove difficult to keep these resolutions (and resolutions in general). Our animation briefly illustrates the state of play for many first home buyers, followed by an in-depth focus on the recently commenced First Home Loan Deposit Scheme. Change is inevitable, as seen by the legislative changes that have occurred over the years; we provide you with a two-part series aimed at bringing you up to speed with numerous recent legislative changes. Lastly, we leave you with an inspirational video by Google, which showcases the searches that shaped 2019.

Also, to start the year off on the right foot, consider revisiting our budgeting calculator; things can change over time in terms of your household expenditure, and finding and leveraging surplus income to achieve your goals

New Year’s resolutions: Habit formation & change

A resolution is a firm decision to do or not to do something. In this article, we discuss New Year’s resolutions, and why it can be challenging to keep these resolutions (and resolutions generally).

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The First Home Loan Deposit Scheme (FHLDS)

Given the current environment, it can be difficult for first home buyers to save an adequate deposit. In this animation, we illustrate the finer details of the First Home Loan Deposit Scheme (FHLDS).

Launch Video

Past, present, future: Legislative changes (Part 1)

Change is inevitable. In this article, we cover legislative changes to the PBS, redundancy payments, salary sacrificing arrangements, and self-managed super funds (NALI and LRBAs).

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Past, present, future: Legislative changes (Part 2)

Change is inevitable. In this article, we cover legislative changes to the Higher Education Loan Program, the Farm Household Allowance, the Paid Parental Leave Scheme, and overseas welfare recipients.

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Google: Year in search 2019

“…a hero is an ordinary individual who finds strength to persevere and endure in spite of overwhelming obstacles.” (Christopher Reeve). In this video, Google showcases searches that shaped 2019.

Launch Video