Ursula Boorman

Blog

March 31, 2016

Early advice made all the difference – a story

Margaret was 21 when she married Graham. She was working as a sales assistant in a large department store when they decided to start a family. As her pregnancy advanced Margaret gave up work and Graham, a warehouse fork-lift driver, took a second job to make up the shortfall in their income. He was a hard worker and fast learner which prompted his boss to promote Graham to Warehouse Manager a few months later. In the years after their first son was born, two more babies arrived – another boy and a girl. Once the children were settled at school, […]
March 31, 2016

What to do with the family home when entering aged care?

This is a crucial question for those people about to enter residential aged care, especially in light of the change to the treatment of the rental income for new aged care residents after 1 January 2016. With the median price of homes in Sydney now around the $1 million mark, many people looking to enter aged care will be faced with a difficult choice on what to do with the family home. Many of these homes were built over 50 years ago, and are in varying states of repair. Often they are still occupied by the original owner/s and based […]
March 10, 2016

How to make friends with your credit card

The Thailand package was only $500, but Simon, having just paid his car rego was broke so he decided to pay for it using his credit card. However, after adding airfares and travel insurance his credit was maxed out before the plane left the ground! Simon’s situation is common. We easily justify using credit for things we know we shouldn’t, but temptation is cruel, often irresistible. According to www.traveller.com.au “Using credit cards allows you to do things and see things and experience things that you really have no right to be able to.” Once in Thailand, Simon had to pay […]