Category: Money

If you have a part time job and have been taxed you will need to fill in a tax return. If you have never lodged a tax return before, The Australian Taxation Office (ATO) has information here. The ATO also has an online calculator that will let you know if you need to lodge a tax return. If you don't, you need to complete a non-lodgement advice instead.

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MyGov

30/7/2020

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The video below shows you how to set up a myGov account. Your tax and medicare information are managed through myGov.

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Life Hack: Save

3/8/2019

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5 Hacks to organize your life: How to adult

2/2/2019

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True Cost of Owning a Car

16/10/2018

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If you are hanging out to get a car, you might want to watch the video above and check out the Moneysmart and RACQ websites.

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Tax for Teens

17/7/2018

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It's tax time and if you have a part-time job you may need to lodge a tax return. To check if you do, complete this quick and easy online form at the Australian Tax Office website. Instructions on how to lodge your first tax return can be found here. The MoneySmart website also has information on completing your tax return. Tax returns must be lodged by 31st October to avoid a fine.

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Wally

15/3/2018

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Image courtesy of http://wally.me

Wally is a free budget app that allows you to track your spending and provides graphs so that you can track what you're spending your money on. There are no ads, all information is private and you can save photos of receipts. Whether you have a part time job or just get pocket money, budgeting is a useful life skill. It is a good habit to develop before you get a 'real' job and start earning big bucks.

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Philanthropy

5/9/2017

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Image courtesy of www.impact100wa.org.au.

According to the Merriam-Webster dictionary, philanthropy is an act or gift done or made for humanitarian purposes. Just because you are a teenager who does not have thousands of dollars to give away does not mean you can't be a philanthropist. West Australian based organisation Impact100 gives people the opportunity to put their money together with other people and choose which charities to give it to. They have a YoungImpact100 program for 12-18 year olds where the teens collect or save $100 to donate then attend a fun grant event where they pool their money with other teens and together choose a charity to donate the money to.

In 2016 TADWA (Technology Assisting Disability WA) were granted $3400 to use in their Freedom Wheels program modifies standard pushbikes to enable those with disabilities to ride a bike.
In 2015 CanTeen Australia were the happy recipients of the $3402.85 raised on the day which will go towards supporting youth suffering from or dealing with Cancer.
In 2014 Choice Youth Homelessness Matters (YHM) received a $3225 grant which went directly to The Foyer on Oxford Street towards team activities for homeless youth.

Find out more here.
Generosity magazine has an article on other organisations in Australia with a similar purpose. You can find it here.

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Journal Prompt - Finances

Book Review: F.L.Y

It's Tax Time

MyGov

Life Hack: Save

5 Hacks to organize your life: How to adult

True Cost of Owning a Car

Tax for Teens

Wally

Philanthropy

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