Commerce by Bronte Ryan-Webster https://padlet.com/bronte_ryanwebster/wofjjkgss15q Term 4 - Shannon, Bronte, Emily en-us 2018-10-24 00:37:43 UTC 2024-12-11 09:08:40 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Rafaelo.png Driving Question - How Do I Manage The Cost Of University? bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296240530 2018-10-24 00:44:28 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296240530 What Is The Cost Of Uni? bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296241074 All up, if you were to do a nursing degree it would cost you  $54 463. This includes HEC's Fees, cost of supplies, bus fees and housing fees.]]> 2018-10-24 00:47:31 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296241074 Average Income of Teenagers ShannonDaley https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296241558 The average 15 year old earns $14 an hour. 
This means if you were to work 3 hours 3 times a week you would earn $126. 
If you were to save ALL of this money (which is very unrealistic) you would have saved about $19 656 in the 3 years before uni.
Saving $90 out of the weekly $126 is much more realistic and means you would save $14 040 in the 3 years before uni, which is just enough to pay for the costs of uni.]]> 2018-10-24 00:49:45 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296241558 HEC's Fees ShannonDaley https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296241774 The cost of a degree is currently capped by the government. This means universities can charge students whatever they like however the fees average at around $20 000-$50 000.
The government will now charge real interest rates on your debt. This means you will be charged interest of up to 6% every year 

If your HEC's cost $50 000
(including deregulation + interest)
it should take 21 years to pay off

Here is the link to see what degree fee should cost http://www.whatwillmydegreecost.com.au/
]]> 2018-10-24 00:50:41 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/296241774 How do I save the money? ShannonDaley https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/297205785 - Make saving goals
- Spend Smart (do I need it or want it)
- Separate spending's from savings
- Start saving early
- Start a savings account
- Keep an eye on your spending's
- Get a job to have an income
- Do jobs around the house like cooking twice a week to earn pocket money from your parents
- If you earn money, get your parents to put some of it into your bank account (about 1/3 of what you earn)
- Pay back any debt before you start buying things again
- Keep every $2 coin you get, it adds up quickly!]]> 2018-10-25 22:27:54 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/297205785 Supplies bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299236976 The cost of uni supplies is around $400.
Books- around $250 of three books per year
Pens, pencils, scientific calculator- $100]]> 2018-11-01 03:35:11 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299236976 Degree ShannonDaley https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299237004 The cost of the nursing degree at Newcastle University is $3015 per year.]]> 2018-11-01 03:35:29 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299237004 Transport bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299237444 Parking costs are around $158.40 per year
If you are traveling on a bus the fee for the trip with an opal card will be:
0-3 km - $2.20
3-8 km - $3.66
8 km+ - $4.71 ]]> 2018-11-01 03:38:55 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299237444 How do I get that much money by the time I need to go to uni? ShannonDaley https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299240421 2018-11-01 04:02:03 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/299240421 Good Bank Accounts ShannonDaley https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301285669 A good bank account is one with high interest or a high interest savings account.
A high interest savings account is an account that offers a competitive interest rate. It is similar to a bank account, but it is designed to help you save money, rather than spend money.]]> 2018-11-07 00:32:49 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301285669 How Do I Pay My HEC's Fees? bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301285869 When you'll have to pay your HEC's debt. You'll need to start repaying your HEC's debt as soon as your employment income reaches the compulsory repayment threshold.
You must tell your employer you have a HEC's debt so they can deduct it from your pay. You do this by completing a new tax file decoration number. You will also need to complete this form each time you start a new job.
When you have finished repaying your HEC's debt, you'll need to complete another tax file declaration form to let your employer know to stop deducting HEC's repayments from your pay.
]]> 2018-11-07 00:33:53 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301285869 Average income of Uni Students bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301286282 Universities in Australia surveyed close to 12,000 full-time undergraduate and postgraduate students. Twenty-one per cent of respondents had an annual income of less than $10,000, and a further 40.3 earned between $10,000 and $19,000. The mean annual income was $18,634 for undergraduate students.]]> 2018-11-07 00:36:05 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301286282 Good Savings Accounts bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301296396
  • HSBC Serious Saver Account - 3.10% interest
  • Rabo Direct high Interest Savings Account - 3.05% interest 
  • Citibank Online Saver - 3.05% interest
  • Bank of Queensland Web Savings Account - 2.80% interest
  • U Bank U Saver Account - 2.87% interest
  • ME Online Savings account - 2.85% interest
  • ING Savings Maximiser - 2.80% interest
  • Greater Bank Life Saver Account - 3.00% interest

    • ]]>     2018-11-07 01:27:23 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301296396     bronte_ryanwebster https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301298719 2018-11-07 01:38:37 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/301298719 SSAF Fees ShannonDaley https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/311187718  The student services and amenities fees (SSAF) fees for 2019 are as follows:
    •  Full-time students on campus - $303 per year
    •  Part-time students on campus - $227 per year
    •  Full-time and part-time students off campus - $91-$227 per year 
    The SSAF fees are compulsory and pay for the cost to fund the uni and make it a nice place to be. This includes one capital work which involves upgrading one area of the campus. It also pays for multiple minor works throughout the campus. The majority of the cost goes into student services like providing food and drink. There are a few payment options for the SSAF fees such as paying the entire thing upfront, paying small amounts at regular intervals (similar to afterpay) or applying for a SA-HELP loan. 
    ]]>     2018-12-05 00:40:56 UTC https://padlet.com/bronte_ryanwebster/wofjjkgss15q/wish/311187718