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Christmas for your budget: MoneySaving tips

 

It’s Christmas planning and budgeting time!

With the Christmas holiday season rapidly approaching its time to start thinking of the big day planning for presents, food, bills and how exactly you’re going to afford them.

After-all a goal without a plan is just a wish. To kick off the season we have put together some great ideas, plans, goals and money saving tips for you, to stretch the season budget and come out the other side with your finances intact.

There’s no need to compromise, when saving and spending with your plan.

Take some time to PLAN your menu and set a money LIMIT for food, drinks AND pressies.

Once you have your spending limit in place, let the inspiration roll!

For the big day ahead. Timeless holiday food pairings for Christmas food and drinks, start with browsing through the recipes for traditional and BBQ appetizer, sides and dessert ideas.

Menu’s get you in the mood for Christmas fun. Restaurants create fun and information with their menu’s, why not take a leaf from them! Your menu may contain yummy combinations to cover gluten-free, vegetarian or lactose intolerant needs along with and the pairings of the essential Christmas drinks to go with the food!

Select a special space for Christmas only storage.

Find a spot amongst the shelves to store your Christmas food bargains. Be sure to say it is reserved for the big day. This helps to discourage swipers!

Why not make up your own 3 day menu? That way you can buy to the menu and budget your money carefully amongst the fresh and stored needs.

 

The holiday season is more than just the big day. It’s all the little things that make it special.

 

 

Create your own Christmas decorations

Create your own decorationsHere at Foresters Community Finance we love it all: creating a Christmas menu, drawing special placards and place mats, selecting the drinks, decorating the house, wrapping pressies.

Gather your gang together. Buying meaningful presents for friends and each-other can be tricky on a budget, so switch to a preparation planning art-in! That way,  everyone makes something special.

 

Get everyone creating something from the menu for the day. OR Candles, Table centerpieces, place-mats, coasters, or maybe aprons!

 

Take advantage of long shelf life goodies. Check the freshness.

Keep the fridge fresh, tidy and clean

Food poisoning. Just the thought puts a dampener on a festive time of the year!

Summer we love it and must be aware of it as well. BBQ’s and salad left to simmer gently in the summer sun. Throwing caution to the wind and filling fridges full of leftovers and ignoring use-by dates in our efforts not to waste food (or money).

Food Poisoning is an uninvited guest. And something to be aware of when leaving food on the dinner table after lunch. Here at Foresters Community Finance we clean-out our fridge weekly because left-overs in the fridge is a health hazard.

 

Be aware of the favourite things that make us ill.

Poultry tops the list of offenders, with fish, dairy, beef and lamb not far behind. However its not just seafood, meat and dairy you need to treat with respect. Vegetables including rice, nuts and seeds have the potential to make us ill, with frozen and fresh berries and bagged salads also containing nasty bugs to cause tummy upsets. So, tempting as it maybe to throw berries that have gone mushy into a smoothie. Better to bin them.

And that bag of slimy rocket? You know what to do.

 

The stores are putting out their long-life Christmas goodies now, so start having a look at the use-buy dates.

Make a christmas listRead and list the use-by labels inside the pantry door.

In the special storage space for long life Christmas goodies, make a list nearby.

Use-by dates are calculated using shelf-life testing. This means the item is stored at the recommended conditions and tested regularly to monitor growth of any potentially harmful bugs.

The Use-by date is the last day that the item can safely be used before it spoils.

Simply write-on the list what the item is and when the use-by date is! Adding to the list as you purchase.

 

Take care and try some simple but effective leftover ideas.
Chesse Platter

Be careful with the cheeseboard.

Surely the riper and runnier the better, no? Well only if it is within the use-by date!

Especially if the item is made with unpasteurised milk. That stinky cheeseboard may harbor bugs. So, can all the cutting boards, so while bringing food to room temperature before serving is fine, no more leaving it on top of the board for days on end!

Keep your wooden or plastic cutting board clean by occasionally scrubbing it with a paste made from 1 tablespoon each of baking soda, salt and water.

Rinse thoroughly with hot boiled water.

 

 

Reward the Christmas drivers.

Reward the sober driversNo worries be happy.

If your house is a trek from a bus stop or train station. Remember the designated drivers fun! Create a recipe for driver’s punch.

If you are the traveller, be that positive happy public transport traveller.

Every so often you’ll share a brief and knowing smile with someone that sets up the rest of the journey nicely.

 

 

Activities

Keeping children and adults entertained are vastly different but equally difficult pursuits. For the little tykes, make sure your yard or living room is well-stocked with sports equipment, video and board games and places for arts and crafts.

Finally, is it your turn to put your hand up for some more expensive holiday cheer? Tyres and holiday auto servicing, Whitegoods and Electrical, Trampolines, Push Bikes, New Power Tools, Camping gear?

Foresters can help bridge the gap. Our community finance loans can aid your enjoyment of the Christmas season. You could secure a loan of up to $1500 for essential household costs with no stress.

Because you deserve to take a load off. Our equitable loan options are tailored to meet your needs, and with flexible repayments, you can have it entirely paid off by this time next year!

Follow this link and investigate some of our popular loan options for the Christmas period.

Finally, a very warm thank you to our supporters and our corporate partners who give so much.

We are here for you.

Every time you cross our mind with your repayments or applications, to our no interest or our competitive once-off fee community loans, we think how lucky we’ve been to have you as our special supporter. Keep trying, hold on and always, always believe in yourself and keep smiling because there’s so much to smile about.

 

Merry Christmas and happy holidays from all of us, to all of you!

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CREDIT REPORTING from negative to POSITIVE is on its way. What does this mean for you?

Credit reporting in Australia is about to switch to positive credit reporting – but what does that actually mean? Here’s a quick recap.

The Australian Government has proposed a change. Comprehensive Credit Reporting (CCR) from 1 July 2018 is mandated.

What credit reporting means for you

Let’s take a brief look at credit reporting. Assessments of potential borrowing capacity include looking at any negative spots recorded on your credit history. Today your credit history includes:

  • all credit enquiries (applications that you made for consumer credit and credit contracts), and
  • negative information. Negative information is:
    • significantly overdue accounts including defaults and serious credit infringements, and
  • public record information.

How the proposed switch protects your credit history

The proposed change means that additional information. E.g including account opening dates, credit limits and up to 24 months repayment history, will be supplied to our credit reporting bodies for all open consumer credit accounts.

It is important to know that from April 2018. We will record your comprehensive credit information.  This is in order to comply with the changed legislation and report this to the credit reporting bodies from 1 July 2018.

Australia switching to CCR has brought our credit reporting system in line with many other countries. And a positive credit rating gives you great leverage when looking for a loan of any type.

While some may raise concerns over the increased amount of personal financial information being given. The benefits of positive reporting outweigh the negligible potential drawbacks of this information disclosure. And it won’t take as long, to establish a positive credit rating. It will make it easier for you to show that you have managed your finances well.

How this benefits you

We all know that paying out bills on time reflects who we are. Now this great effort is rewarded by appearing favourably on your credit report.

Take the hassle out of remembering to pay bills on time. A missed payment on its own will not significantly affect your score. Also budget planning is worthwhile. E.g. put aside money and set up automatic payments for your bills.

And if your credit history is short. The more information in your file will prove your credit-worthiness.


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Clever Wealth: EXPERIENCE bootcamp – the things I wish I had learned

Experience boot camp. Finance experience, we all have it.

The blending of all our studies, discoveries, assignments and conversations which stemmed from maths, reading, analysing and balancing reality.

Financial experience is the key to success. That key opens a lock, and that lock is –  to make friends with your bills.

Are you after something that requires a loan or do you simply wish that you had more money? Because either choice relies heavily on your financial experience, here are some of things that can make a big difference to your financial experience.

Boot camp tips

  1. Asking the right person for advice. Think about, is the person you are asking, wealthier than you, or are they really deeper in debt? If you are wealthier than them, find someone who is wealthier than you! They will know the best way of handling wealth.
  2. Lines of credit are like fast cars. A fast car driven by an inexperienced or uneducated driver is dangerous.,. Credit cards or using a line of credit will help you to get what you want, but is the stress of the future repayments worth it? This secret can save you a lot of money.
  3. More organised equals more money! It is a fact if you get more organised with your life your money will follow and you have more of it. Bills get paid on time, you don’t waste money on fines and overdue fees. Money works for you, it keeps your stress levels lower and managing your bills and money will improve your credit score!
  4. You can make compound interest work for you or .. against you. So it pays to understand the maths behind the fees and charges that are presented to you.

Saving to buy something sounds boring, especially with so many interest-free options available.

But is it truly interest-free? The interest has been tacked onto the price. So, the best way to find out is to – ask for the cash price!

What else

  1. Debt consolidation can be your best friend or worst enemy. When you consolidate, yes the repayments become lower. But if you do not use the extra money created by lowering the repayment to pay off a debt, you are burning up money and creating more debt!
  2. Don’t assume a loan is a long-term debt. A loan if handled correctly and paid weekly or fortnightly will be paid over sooner. Small regular extra repayments also shorten the life of the loan.

The flow of small things“Do not save what is left after spending; instead spend what is left after saving.” Warren Buffet


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Clever Wealth: SMALL THINGS make a big difference

Changing SMALL THINGS do add-up to a big impact. Statistically most of us want to improve our financial situation. It is proven that making a few small changes can add-up to a big impact. What about you? Have a serious and realistic look at where you were 5 years ago and where you are today.

  • How much did you owe then, and how much do you owe now?
  • How much did you own then, and how much do you own now?

If there isn’t a great improvement, think about your lifestyle and what you spend your income on, or what about the turnover of things in your home. Like televisions, mobile phones, fridges, washers and dryers?

How have you spent your money and time over the year? Have you had any of these fantastic experiences

  • Took 12 months to do charity work?
  • Went on a great holiday?
  • Stopped work and introduced an amazing person into the world?
  • Did some major improvement to my life – new course, new career etc.

If there have been no major change, and no major events.. it really is time to look at what you need to do differently or in another 5 years you will be in the same situation or worse.

Small things do make a big difference

Obviously the same answer is to do something different to get something different! Doing the same thing and expecting a different result is a definition of insanity.

In a couple of the earlier blogs we covered some small things that can form a big part of doing something different!

  1. De-mystify the hidden small things spend and build your living budget – because you need to work that out, and quick!
  2. Understand and research loan comparison rates to reduce your money leakage – so you need to change this to get momentum.
  3. You’re busy, busy, busy – which is getting you nowhere, nowhere, nowhere.

The most important thing for now – if you are getting nowhere fast – is to be aware and accept that is how it has been till now, however, you have a plan to make the necessary changes to make it happen.

Don’t get overwhelmed. Especially in the decluttering section – step three above. FORESTERS LIVING BUDGET is the easiest way to make a living budget plan and use that plan to set small, realistic and achievable goals.

The problem is we all want stuff and we want it now!

Making unachievable lists/goals of yourself can undermine your success because you constantly feel like you are behind, and then self-esteem then takes a battering.  Let’s stop this now!

The flow of small thingsWinning the small things war

The perfect way to slowly and easily changing your money habits without going into overwhelm and most importantly without giving up. It is to purely set such a small goal, that it would be ridiculous for you not to achieve it each day!

Example – I’m not a fan of structured exercise. I know its good for me, but time!! You know how it is. I get up very early and do not have an hour to go to the gym each morning, or half an hour to go for a walk – so how about I leave it till the weekend.  Walking around the shops counts, right?

The mini goal I have set myself is to do one minute of exercise bike riding every morning. Seriously, one minute. And as long as I do that one minute I have achieved my goal for the day.

Guess what happens? I get on the bike for one minute, and often, in fact most times, I figure I might as well do 2 minutes, then I think – I have time I will do 4 minutes etc etc.

Now this does not happen every time. Sometimes I do the minute and get off, happy that I have ticked off the goal. Talk about win-win.. I can always find one minute. If I had made 15 minutes my goal, I would not have lasted a week.

The same mini-goals can be started for your finances as well. Here are a few:

MINI GOALS

I am going to:

  • change my shopping day to Sunday and only shop on that day
  • check the fridge before I go shopping and only buy what I really need
  • do a meal plan for the week and do a shopping list for that and only buy what is on the list
  • make 3 meals instead of one on Sunday night because I know I am always home late on Tuesday and Wednesday because of kid’s sport/social meetings/etc.
  • store my vegetables properly to save wastage
  • plant some seasonal vegetables to create tasty meals

This list and its theme is endless, from paper towels to detergent.

Correct food purchasing and storage saves most people between $50 and $100 per week.

Are you ready to take action?

The flow of small things

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Clever Wealth: Pruning your LIVING BUDGET expenses -Tip 1 Housing

One of the first steps to wealth, is showing your skill and originality. Pruning your LIVING BUDGET expenses helps in many ways. By looking at all your expenses in your living budget, you can re-shape your spend and cleverly save money.

Every so often, sit down with yourself and your budget and have a good chat. Your living budget does not say much and you will do most of the talking!

But the end result usually ends up with both of you remarkably pleased with result!

Foresters Living Budget flowForesters Community Finance uses its Foresters LIVING BUDGET inside the COMMUNITY LOAN application form.

The Foresters living budget tags your living expenses into useful groups. Making it easy and simple to identify where reducing or managing some expenses can save you money!

This is the first of a series of blogs to provide some handy thought starters. Let’s get pruning!

Living Budget – Pruning Housing Expenses

No matter how long you stay in your house, it pays to look after it.

Bond

Did you know that a bond is a separate payment to the rent. It is money that acts for the landlord or owner in case you fail to meet the terms of your renting agreement. At the end of the lease, the property may require extra cleaning or repairs or some items may need to be replaced. In this case the landlord or owner may claim some, or all, of the bond. Also, because the bond is a separate payment to the rent. You cannot ask the landlord or owner to keep your bond as a final rent payment!

Some great things you can do to save your bond are:

  • Take photos of the property when you move in, put the date on them and give them to the agent or landlord. Keep a copy yourself to. This is your record of the properties original condition when you moved in.
  • Keep the property in a clean and tidy condition. This way it is a lot less work to clean it up when inspections are due and you will notice small repairs to fix before they turn into a big issue.
    • Think about hair going down the shower or sink, or something going down the toilet that should not. It all clogs the plumbing and someone needs to fix it. Easily managed by using the sink filter plugs or picking up and disposing of the hair rather than flushing down the pipes.
  • Keep the grounds of the property in a clean and tidy condition. When you rent a house you also are renting the yard around it.  By ensuring the property remains undamaged in any way (e.g. your dog digs a big hole and you fail to fill it) you show to all, that you are a nice responsible person and a good tenant.

Sharing

  • Watch out for joint listing of accounts. If you’re “financially linked” to someone on any financial product (lease, utility bill etc.) it can have an impact on your credit score if something goes wrong.
  • Keep an eye on the number of people (especially the overnight casual visitors) living on the property. The tenancy agreement will specify how many can reside at the property and the water bill (which comes along later) will be higher, resulting in a higher cost to you.

Terms of Agreement

  • If the agreement says no pets, honour it. Meter readers, the postie, parcel delivery workers and persons authorised to enter the property in emergency times (sewer mains repairers, electricians etc.) are not expecting a pet and you could incur a extra cost for them to come back!
  • Double check the terms of the tenancy agreement before signing it so you know what your obligations are.
    • Does it say the carpets need to be “deep-cleaned”, or that all picture hooks need to be removed, filled in and the wall re-painted? If so, make sure these items are sorted.
  • Patch-up any damage. Fix it properly when it happens. Covering up a hole in the wall with a picture may seem like a good idea at the time, but leaving it like this when you move out is practically asking for your deposit/bond to be docked.
    • Consider using alternative methods to hang pictures and posters. Some wall adhesives leave marks that are difficult and can be costly for you to fix. Some other ideas you could use instead that save you money are:
        • Try displaying your pictures by hanging them from a ladder (picked up from the recyclers) and leaning against a wall with felt pads, or
        • Making and positioning a special poster board for the bedroom, or
        • Hanging pictures at different heights, using picture hang rails/strips if installed on the wall already before you move in!

It takes hands to build a house, and a heart to build a home


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Using FORESTERS LIVING BUDGET in your WEALTH journey

Foresters living budget is located within their loan application form.

This information enables Foresters to help provide loans to all Australians including the financially excluded. Everyone wants a comfortable life with enough money for lifestyle choices and be able to help their kids.

Sound familiar? A lot of people think a loan is out of reach and they feel that they cannot lend a hand to others who need it. When you borrow from Foresters, (which is a not-for-profit, ethical lender) you not only receive a loan but your repayments in-turn provide the money for someone else who needs a hand, get a loan!

By being not-for-profit, Foresters is able to keep costs as low as possible and that helps everyone.

It is amazing the difference that doing your banking properly can make to your bottom line. When you complete the Foresters living budget, you will see how to find leakage and wastage in those daily money habits. And how easy it is to create a easy plan with the Foresters Living Budget, to achieve your goals of obtaining a loan and repaying it.

Obtaining a loan and repaying it can happen much sooner and with a lot less stress than you can imagine. Let me explain….

Foresters Community Loans calculate interest (loans under twelve months are interest-free) on the loan balance. That means when you make extra repayments, you reduce the interest that you pay! This is much better than paying a fixed rate for the life of your loan!

Doing your banking differently

Early on at school, we were taught how to bank into savings accounts, accumulate interest and go without to save for the future. A diet for our money!

Before we know it, unexpected bills arrive, work becomes random, prices go up and we have less to spend and save.

What you can do about it

Before you jump to the word “budget”, let’s look at a better word “clever”!

Clever - quick to understand, learn, and devise or apply ideas; intelligent.

When you look at your spending and input the numbers into the Foresters Living Budget you will also see your areas of waste (let’s face it, we all have them!!)

  • Subscriptions. How many do you have? Are some of them not really looked at anymore and you are too busy or have forgotten to cancel?
  • Clutter. How much is stuff that you don’t need. Garage sale anyone?
  • Online shopping. Are lots of bargains sitting in drawers and cupboards?
  • Clothing. We all look at our bulging wardrobes and ‘don’t have a thing to wear!’. How many things are in there that were bargains that you bought this year, but rarely wear?
  • Fast Food. Comfort eating, lack of time and disorganisation. We all get busy and tired; a little bit of planning can mean that their are meals and snacks in the fridge/freezer for those days.
  • Buying lunch and coffees. Again, a little bit of willpower can mean you can save thousands of dollars a year.
  • Wasting food. A biggie! Buying groceries and then throwing them out. It happens. How heavy is your wheelie bin whey you push it to the footpath?

Foresters living budget

Once you have everything sorted, you will be putting money into your bank account instead of worrying about overdraft fees.

By finding and improving your spending. Your everyday expenses go down. Meaning you have more money to spend on the important things.

The funny thing is, getting a community loan and repaying it so that Foresters can recycle the money to someone else, all of this starts with learning where your money is spent and the clever things that you can do to stop any leakage or wastage from your life.

Its so easy to get on the mouse wheel of life and find that you are spinning it so fast but getting nowhere.

Remember Einstein’s famous words: the definition of insanity – “keep doing the same thing and expect a different outcome”

 

 


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What is DEBT SERVICING AND what are debt RATIOS?

Many things are classified as debt servicing obligations, for example:

  • rent for where you live, or
  • education for your future workforce plans, or
  • someone giving you spread of payment terms so you can enjoy a new phone, or
  • paying off a car to get around.

These financial commitments are put into calculations that are used to determine your capacity to make repayments on a debt. But a great debt ratio is only one part of the decision to loan money. Your abilities and stability are character drivers that we review as part of what we term  “the willingness to repay” a loan.

Responsible lending is all about helping you to

  • understand your current debt obligations, and
  • prove your creditworthiness.

First part – How you can do your own debt to income ratio calculation

The debt to income ratio shows how much of your monthly income goes towards debt payments.

To get this ratio:

Firstly add together all your monthly debt (who you have borrowed off already and need to repay) payments and total them. Then divide that total by your income.

Example: Power Bill $140 + Tuition $110 + Car $150 + Mobile $50 = $450

assume you earn $2,500 per month and all your debts add to $450. $450 is divided by $2,500 which is a ratio of 0.18. Converting that to a percentage is 18% of debt to income.

This calculation is your ready reckoning. It is important to remember that this is only a rule of thumb.

Second part – Combine your ability, stability and willingness to repay.

As you repay, your successful repayment history, shows a lender that you can cope, if something happens to your income or in an emergency.

So even when everything else seems right, a loan maybe declined because a repayment doubt exists. Sources of doubt are many. But typical reasons why a borrower can repay, but chooses not to are:

  • Prioritising debt accounts. The borrower has limited funds, and pays some debtors first, before the others. Some lenders will lose out if this decision is made.
  • Unwilling to continue to pay joint/partner/support accounts. Over time due to deterioration in the relationship, enthusiasm wanes about continuing to repay a joint debt.
  • Lack of ongoing perceived value. A good example is a car which is no longer working. The debt is still obliged to be repaid.

Your responsible attitude toward paying bills and meeting obligations on time, along with a good debt to income ratio helps prove your creditworthiness.

Foresters Community Finance provides Community Loans, for any worthwhile purpose.

debt servicing and ratio

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Affordable fun interesting used cars for under $4000?

Affordable, fun and interesting used cars for under $4,000 are available to deliver on a range of fronts to help you get from A to B and C with a minimum of fuss this summer!

Affordable fun carsThere’s much to consider when choosing a fun but still great safe reliable used car for under $4000.

One of the most memorable events comes as the order form is signed and the keys are handed over! Before that happens thou, it is a good idea to have your community loan approved before you go shopping. When shopping lets look at some important things.

The car has to be cool. That’s a subjective thing certainly, but just as beauty is in the eye of the beholder, so is coolness. Beneath the cool factor it still should be at a good solid car.

Having a good solid car means keeping up easily with modern traffic and able to spurn the advances of large trucks and overly inquisitive SUVs.

The Foresters loan team loves approving car loans!

Affordable loans from Foresters Community Finance

To give you an idea, here are some of the popular models bought with a Foresters Community Loan:

Mazda 3

Power steering, sedan and 5 door hatchback with a thrify 2.0 litre engine and dual airbags and anti-lock brakes.

Subaru Foresters

Tall and narrow bundled with all-wheel drive. A roomy cabin, power windows and air conditioning!

Toyota Camry Altise

The medium sized car. This one sneaks right under the noses of the Falcons and Commodores. It has a massive boot and great internal size to fit everyone.

Hyundai Getz

Compact, cheerful and you can get an powerful 1.6 litre engine with auto. Air conditioning, dual airbags and antil-lock brakes what is not to love about this affordable runabout.

Falcon BA Wagon

Roomy, fold down back seats and strong 4.0 litre engine. Loads of room for the holiday luggage and school sports gear.

Nissan Pathfinder

A 4wd as well fits the criteria!  The petrol engined 3.3 litre offers automatic transmission and some models have lots of other goodies as well.

Toyota Hilux

Travelling over muddy and rutted unsealed roads? Need a affordable ute? Some have alloy trays and for the canny shopper even  a dual-cab can be available.

Chat to the loan team at Foresters Community Finance for a car loan. Makes sense.


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Education goals are achievable

Setting education cost goals helps you to make smart money decisions. Formulating a goal orientated plan for school costs will help you to achieve all your budgeting goals.

Your education cost goal plan will include:

  • Which electronic device?
  • What musical instrument?
  • How many sports?
  • What happens with the textbooks? And
  • What is the stationery list?

The choices are endless and your hard earned money is very stretched at times. Whilst many schools have a textbook and musical instrument hiring schemes. Others require you to provide your child with standard equipment, exercise, art and drawing books, pens, pencils, paints and crayons.

Wise owls

With your list and the right amount of time and patience. Buying each item on sale from bookstores and larger variety chains while on sale helps enormously. If you get together with your friends, you may also get a discount online for buying in bulk.

With the Foresters Community Loan approval in hand. Savvy parents negotiate strong pricing. Shopping around for electronic, musical and sporting equipment is needed for the upcoming school year.  All the quotes are combined into the loan. Removing the need for multiple loan applications or juggling in-store repayment programs.

Whichever education path you decide to start your child on, the cost of teaching them the alphabet through to algebra can be expensive.

Dropping out of school because of the costs can be risky. But persevering with help from community organisations and low interest loan schemes can make the difference between an actively engaged or a disengaged young Australian.

With the Foresters Community Loan you could borrow from $500 up to $4,000, to help pay school fees and expenses. With a variable rate loan you also have the flexibility to make extra repayments whenever you can so you can pay off your loan early and save on interest. For example, if you have a little extra from your end-of-year savings account you could make an extra loan repayment.

To suit your lifestyle and budget you can also choose a loan term between 6 months and 2 years with weekly or fortnightly repayments.

Apply for an Foresters Community Finance Personal Loan today.

Visit www.foresters.org.au now, to get started.


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Should you move or stay?

Move or stay

Move or stay. It is a tough question when you may need more space. Joy is a key thing in music, or any activity for that matter, and creating the right environment may require a little more space or move.

Clutter and space

The end of the year is rapidly approaching and is the thought, should I keep my child enrolled in music lessons, sports or another activity?

Juggling the family budget as kids get older is a constant challenge and there is no set age as the magic age to start or stop lessons.

If your child is constantly gravitating toward instruments at a friends house or at home and their interest level has not waned. You may need to assess their commitment level. One of the best ways to understand your child’s commitment level is to have an honest conversation with them. Explain that rehearsing something over and over can sometimes get tiresome, but that is how musicians learn their craft.

Is your child beginning to have friends over to practice with them?

Deciding on whether to move, stay or create more space can be resolved by looking at the clutter levels. We all have them!

De cluttering your spare room or lightly used garage can create a great music and activity room. Unwanted items should leave our homes in mindful and intentional ways. If they don’t you may miss valuable opportunities to teach your child about budgeting and selling.

When you are de-cluttering a great tip is to make sure you have bins for the things you want to give away, keep or sell. Moving can be expensive especially raising funds for a rental bond which may be more than your current bond.

Repainting and re-organising an existing room or garage not only keeps the joy in use of the room, it may be cheaper than moving.

Foresters Community Loans provide a great way to spread the costs of renovating, moving or buying the next level of products to continue creating joy in your home.


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