3 ways to kick your gambling habit this footy season

When it comes to footy, Australians love a punt – of both the kicking and betting varieties. The thing is though, one is great fun, the other can cost you thousands of dollars a year. 

With the AFL and NRL footy seasons kicking off in March, we thought now was a great time to address that little problem that can creep up on us this time each year: gambling.

Did you know the average Australian loses $990 each year – no other country in the world gambles away more money per capita – and 75% of Australian adults gamble each year.

That’s a decent lump of money that could go towards a mortgage repayment, overseas flights, or paying off a credit card bill.

So rather than hand over your hard earned cash to sports betting companies on a weekly basis, here are three ways you can still enjoy each match without gambling on the result, first try scorer, whether it’ll rain, etc, etc, etc…

The 100 Day Challenge

Up for a camping trip to explore the great outdoors? Time for a clothing cull? Is the car overdue for a service?

The Victorian Responsible Gambling Foundation recently launched the 100 Day Challenge, which is a list of 100 different yet very manageable activities designed to help you reclaim your life and resist the urge to gamble on footy.

The activities have been categorised into six groups, including: wellness, solitary, practical, physical, creative and social, and are available in web and app based formats.

Since its launch last year, more than 4000 people have signed up for the challenge, many of whom support each other through a strong online community.

Fantasy Footy

Fantasy Football is huge in the US. And in recent years it’s been gaining popularity here in Australia, too.

The general gist of it is that you act as a coach and select players who you think will perform best each week. Each round you can trade a number of players in and out.

The beauty of Fantasy Footy is that usually you will have at least one player from your selected side playing in each match, so there’s always a vested interest.

You can also set up your own comp to battle against your family, friends and colleagues at any of the below sites, which also offer prizes.

AFL: AFL Fantasy (official AFL site), SuperCoach (NewsCorp).

NRL: NRL Fantasy (official NRL site), SuperCoach (NewsCorp).

Tipping comp

Those who are more interested in team performances, rather than individual performances, may be better suited to a tipping comp.

Tipping comps are also more inclusive for groups with more casual fans (diehard fans tend to dominate the Fantasy comps), because if in doubt you can always default to backing the higher team on the ladder!

If you want to set up a comp for your work, keep an eye out in newspapers in the coming weeks for a big foldout tipping table – it’s always great to have an actual leaderboard on hand to point to when bragging.

Otherwise there are the online options below, which also offer prizes.

AFL: AFL Tipping (official AFL site).

NRL: NRL Tipping (official NRL site).

Final word

As you can see, there are plenty of ways to enjoy the weekend footy without having to stake a chunk of money on it.

Also, it’s never fun to brag about how much money you won (or most likely lost) betting on a match. Beating your friends and family in a tipping comp though? You’ll have fun milking that for the entire off-season!

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Technological budget killers to watch out for in 2019

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As technology continues to evolve, so too do the challenges of keeping your family budget in check. This week we’re going to look at a couple of technological trends that could put your family budget under some real strain in 2019.

Sure, having everything there at the click of a button these days is convenient. But convenient isn’t free.

In fact, it can blow out your annual family budget by thousands of dollars each year, which can put strain on more important bills such as your mortgage and utilities.

Below we’ll explore a couple of the technological trends that are really starting to chew up more and more of the average Australian household budget.

1. Uber eats and other food delivery apps

Remember the good old days when you used to ring up your local Thai restaurant and place an order directly with the store?

Sure, you’d have to pick it up, but you paid less and the restaurant got the full cut.

Those days seem long gone since Uber Eats, Deliveroo, Menulog and other food delivery services burst onto the scene.

These days you pay about $5 extra each time you order through Uber Eats, and they claim about a 35% commission.

But it’s not just the extra expense per meal. The thing about these apps is that they make it all too tempting to skip making dinner and order takeaway instead.

More than half of Australians are now struggling to plan and cook meals and turn to these apps instead, according to a survey by Australian Beef, and it’s costing an extra $4000 per year in some cases.

The solution? Spend more time cooking fresh food instead. Rather than thinking of it as a chore, consider it an option to spend more time participating in an activity with your loved ones.

It’s cheaper, healthier and more fun!

2. Entertainment subscriptions

Video and music streaming subscriptions services have exploded in popularity over the last two to three years.

Entertainment giants have realised that the best source of revenue is recurring revenue, so they’re all climbing over one another to win over your hard earned cash.

One or two subscription services obviously won’t have too big of an impact on your bottom line (in fact it may even save you money), however problems start arising if you subscribe to a number of them.

For example, there’s Netflix ($18/month), Stan ($17), Foxtel ($50), Kayo ($25), Spotify ($12) and 10 All Access ($10), to name but a few.

Taking out just Netflix and Spotify would cost you $360 a year – about a dollar a day.

Subscribe to the whole lot however and you’re looking at an extra $1200, not to mention any other services family members may subscribe to such as Xbox Live, Podcasts, Youtube Premium, Twitch and Amazon’s Audible.

Long story short: they can add up very quickly!

The solution? Stick to your favourite one or two.

There’s plenty of free entertainment options out there, such as ABC iview and SBS on Demand.

And sure, it might be a bit old fashioned, but your local library is free and offers an endless stream of entertainment.

Final word

Don’t get us wrong: we’re definitely not saying you should shun technology altogether. After all, it makes everything much more convenient.

Rather, instead of the the technology harnessing you, harness it instead.

If you use it wisely and in small doses you can get the best of both worlds: an enjoyable today and a well-funded future.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Interested in a cool $150? Update your Medicare account details

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Medicare customers are being urged to update their bank account details to see if they’re entitled to a share of more than $110 million in unclaimed rebates. Here’s how to do so online in a few minutes.

And no, this is not one of those pesky scams doing the rounds! But we’ll touch upon that later.

The government released an interesting stat this week: almost 670,000 people have not provided Medicare with their bank details, which has resulted in more than $110 million in unclaimed rebates.

As such, the average amount owed to each individual is about $150 – a decent injection that could help you pay off your mortgage, an upcoming bill, or a nice Valentine’s Day dinner!

Some people are missing out on far more – and often they’re the people who need it most – if they are regular visitors to their doctor or have had treatment for a serious medical condition. So make sure you let your friends and loved ones know too.

Minister for Health Greg Hunt put out a statement this week encouraging residents to update their bank account details so they could start receiving their cash rebates.

“It only takes a couple of minutes, and the easiest way to update your details is by using one of the Australian Government’s digital channels, such as the Medicare Express Plus app, or through your myGov account,” he says.

Is that it?

Yup, that’s it.

Once you’ve logged into your account and updated your details Mr Hunt says Medicare will take care of the rest.

“The money you’re owed will be deposited in your account in a matter of days,” he explains.

“My advice is to set aside a couple of minutes, to do what is a really simple task that will ensure you receive what you are entitled to quickly and easily.”

Be wary of scammers!

It’s not lost on us that this sounds like a scam. And guess what? There are actually scammers out there trying to take advantage of this rebate payment by getting in touch with people directly over the phone, via SMS, or email.

The scammers are posing as Medicare representatives and contacting people asking for their bank account details, so you need to remain vigilant.

To avoid falling victim: don’t click on any links in emails or texts as they may take you to a fake website. Instead, go directly to www.my.gov.au to update your account.

“As recently as late last year, scammers were actively targeting people through SMS messages, that urged them to click on a hyperlink to claim their outstanding Medicare rebates,” says Minister for Human Services and Digital Transformation Michael Keenan.

“While the department does call, SMS, or email people, it never includes hyperlinks in emails or text messages.”

For more information on how to set up a Medicare online account, visit www.humanservices.gov.au/medicareonline

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Four Simple Ways To Increase Your Property’s Resale Value

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Everyone dreams of investing in a home or business that will fetch them more money than they originally bought it for. Here’s how to roll-up your sleeves and get started.

Making the appearance of your property desirable is critical because yours will be among a long list of properties that a potential buyer will see.

So how do you make your property stand out from the pack?

Well, by implementing a few of the below affordable steps you may not only raise the appraisal value of your property – but maybe a few eyebrows too.

1. Kitchen and bathroom upgrade
The kitchen and the bathroom attract the most scrutiny from potential home buyers and can make or break a deal.

Therefore, you should consider allocating the larger chunk of your remodelling budget to these spaces.

If your budget allows for it, consider installing new modern sinks, updating the countertops and replacing old cabinets.

2. Improve energy efficiency
Buyers will generally be willing to dig a little deeper into their pockets for a home that will help them save on energy costs in the long run.

So hire a Level 2 electrician to inspect the property and try to follow their recommendations to the letter.

You can install appliances that have positive energy conservation ratings and also replace old windows with ones that have a durable sealing. New modern doors and increased insulation can also boost energy efficiency in your home.

3. Give it a fresh coat of paint
Painting can make a property look and feel new. Who wouldn’t want to buy a home or business that’s ready for them to move in immediately?

However, go for neutral creams and whites that will suit most people’s preferences and avoid bold colours.

Remember that lighter shades like beige and white give the impression of spacious rooms.

4. Enhance curb appeal
The appeal of your property, when viewed from a distance, is important.

If it looks abandoned and gloomy, then it needs work to make sure it ready to greet its new owner.

You can make cosmetic improvements like trimming overgrown bushes, mowing the lawns, planting grass on bare areas and growing flowers.

Final tips
Property improvement should not cost you too much if you focus on the critical areas that appeal the most to buyers. It also helps to think of the above ideas as adding to your investment – not an expense.

If you’re unsure where to start, or would like some extra tips, don’t hesitate to get in touch.

We understand precisely what residential and commercial buyers look for in a home and investment property respectively, and would be more than happy to help out.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

Are you on the NBN? You could be entitled to a big refund

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Ahh, the NBN. Depending on where you live it’s either lightening fast, or so agonizingly slow that you want to pull your hair out. Well, the good news is you could be entitled to a refund worth hundreds of dollars.

Over the last 15 months the ACCC has been negotiating with internet service providers to offer their customers a refund if warranted.

Telstra, Optus, TPG, iiNet, Internode, Dodo, iPrimus and Commander have each admitted that they likely made false or misleading representations about their connection speeds.

So now the ACCC is “urging” you to contact your retail service provider (RSP) to see if you’re eligible for a refund which, in many cases, is worth a few hundred dollars.

That’s a decent injection to help you pay off your mortgage, bills that have accumulated over Christmas, or even some spending money over the upcoming Easter holidays.

Why you might be entitled to a refund

Ok, so when you signed up to the NBN, the RSP that sold you the plan most likely advertised it with maximum theoretical speeds.

This might have looked something like: “100 megabits per second (Mbps) download and 40 Mbps upload” speeds – aka 100/40.

However, if you’re on a FTTN (fibre-to-the-node) or FTTB (fibre-to-the-building) plan, you probably aren’t getting anywhere near those speeds because there are existing copper lines connecting your building to the NBN network.

Put simply: copper = unreliable connections and slower internet speeds.

It’s mainly FTTP (fibre-to-the-premises) that can really reach the advertised theoretical speeds, as it doesn’t rely on any copper for the internet connection.

You have (unopened) mail

Since November 2017, the RSPs were meant to contact more than 142,000 affected consumers to offer them a range of remedies, such as moving to a lower speed plan of their choice, or exiting their contract and receiving a refund.

However, two in three affected consumers – roughly 100,000 households – have not responded to the letter or email from their RSP.

“They may be eligible for refunds, some in the hundreds of dollars,” says ACCC Acting Chair Mick Keogh.

“The ACCC is urging NBN customers to contact their NBN retailer if they have received a letter or email offer of a remedy, or think they might be entitled to a remedy.”

You might even be entitled to a refund if you’re a new customer, too.

Within four weeks of signing up, RSPs must check their speeds and if the speeds are below those advertised for the plan the consumer chose, the RSP must offer remedy options.

How much you could be refunded

Ok, let’s say back in December 2016 Anne purchased a 100/40 NBN plan from a Telco at a cost of $100 a month.

In December 2017, Anne would have received an email from her Telco advising that her connection was only capable of maximum speeds of 37 Mbps download and 13 Mbps upload.

This means she was unable to receive the full benefit of the 100/40 plan.

In the email that was originally sent, but that Anne missed or overlooked, the Telco offered her the following options:

Option 1 – Move to a lower plan of her choice, such as a 50/20 or 25/5 plan, and receive a refund of $360.

Option 2 – Exit the plan without cost and receive a refund of $360 for the difference in plan prices.

Option 3 – Remain on her current plan with no refund.

In this example, with a maximum speed of 37 Mbps download, Anne could receive the maximum speed of the 25/5 plan but not the 50/20 plan.

Therefore, Anne is entitled to a refund of $360, which is the difference between a 100/40 Plan and 25/5 Plan ($30 a month) over 12 months.

All she has to do is let her Telco know.

Your next step

This is the simple part. Simply get in contact with your RSP and see if you’re entitled to a refund.

The ACCC is on their case about it so it should be fairly straightforward and the customer service representative will know what you’re referring to.

Good luck!

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.