What will you do with your $950?

[beez]

With over half the population eligible to receive the $950 bonus at least once, I am curious as to what people will do with it. Will it go towards the mortgage? a holiday? savings? or will you just go blow it?

I'm pretty sure my bonus will just be treated as disposable income and be used as beer and smoke money.

 

[timetochange08]

Who is getting the $950.00??? is it low income people or middle income do you have to be a single parent or a pensioner??? Forgive me for being cynical but last time i looked if you had ten kids you got $1000.00 for each one at xmas and so did the pensioners. is this 950.00 going to people who work hard and who are on low income?????? people who are really struggling right now and finding it tough.

 

[beez]

http://www.ato.gov.au/corporate/content.asp?doc=/content/00178930.htm&page=3&H3

 

[The Dice Man]

WTF!!!!

Why?? Im not complaining but sheesh. Im also no econimist, but wouldnt this just devalue the dollar?


Oh and when do I get my money bitches??? (yes I qualify going by that link)

 

[timetochange08]

I better get it.I'v ebeen struggling for some time.Its about time low income earners got something.Am I right in saying you get it based on your 07-8 tax return and thats how they will know who to send the cheques to.So if you're got no kids do you still get it??? LOL coz serioulsy people even without kids need it!!!!!

 

[The Dice Man]

Hope it comes by next week cause I have a little fishing holiday planned in Northern NSW for the week (barefoot too)

Oh shit, apparently first payments begin in April.

 

[ptrg]

SO, am I correct in saying that IF someone earns less than $80,000, then the ONLY way for them to NOT GET the $950 is if they are:

-completely un-employed (im presuming "employed" includes part time and casual -on the books jobs)

OR

uni students who do not qualify for Youth Allowance or Aus Study etc?

..Seems pretty unfair to uni students who don't have Youth Allowance, and surely no one files a tax return of zero dollars (ie completely un-employed)?

So its ONLY uni students missing out??

 

[Harry Bosch]

extra money for my u.s trip , so its basically helping the u.s economy..

 

[ben_cats_fan]

extra money for my u.s trip , so its basically helping the u.s economy..

NZ for me

 

[iDon]

SO, am I correct in saying that IF someone earns less than $80,000, then the ONLY way for them to NOT GET the $950 is if they are:

-completely un-employed (im presuming "employed" includes part time and casual -on the books jobs)

OR

uni students who do not qualify for Youth Allowance or Aus Study etc?

..Seems pretty unfair to uni students who don't have Youth Allowance, and surely no one files a tax return of zero dollars (ie completely un-employed)?

So its ONLY uni students missing out??

If you are at uni and don't have a part time job then you are mad. Most of the ones that don't have Youth Allowance have part time jobs, and even some of us are greddy and still work part tim efor some extra pocket money.

Mine will probably going into savings.

 

[Deej]

I didn't get the last handouts and wont be getting these, and while i'm at it we get next to no reimbursement for having 2 kids in with ABC. Basically this is poorer people getting given handouts from wealthier people, these poorer ones who have made all the stupid decisions to go into sh-tloads of debt and now need bailing out. I hope the media remember this when the govt give their tax cuts, it wouldn't be right for them to just go all out highlighting how the rich have got more out of whatever cuts than the poorer and more needy.

 

[Brad Goodman]

I'm moving out around May so my money will probably go towards the bond.

 

[sirlothie]

Pay off debts...

Want to position myself to cash in once these troubles go away and be debt free then look at locking in very low interest rate to buy a house!

 

[Frodo]

Nothing for me.

But I'd say that Rudd's fear mongering will create the opposite effect of what he wants. Surely most will tuck it away for a rainy day!


As for free insulation. I'd be cracking the champagne if i was an insulation installer.

Fixed rebate is much better, and add double glazing too.

 

[krisholio14]

Who knows? Apparently it's still a couple of months away.

 

[Rowie09]

Dunno. Pay off some debts maybe. Uni books, new laptop or something. We'll see.

 

[Frodo]

Oh, BTW, the opposition is going to block it in the senate!

 

[Frodo]

Dunno. Pay off some debts maybe. Uni books, new laptop or something. We'll see.

a) pay off debts........no stimulus
B) Uni Books......maybe some
c) Laptop......import......minor retailer stimulus

Rudd hasn't got a clue.

We need capital spending. People tend to do that by borrowing, which flows through the economy.
Borrowing is determined by your ability to make the repayments.
One offs don't work. A tax reduction could.

 

[Ghostwriter]

Buy more memberships for the NMFC.

 

[beez]

**** you Malcolm Turnbull! It's quite interesting that it's very much a 50/50 split as to the support for the Opposition's move to block the stimulus.

 

[Dazman]

With over half the population eligible to receive the $950 bonus at least once

Just a clarification. If we do qualify for it twice, we only get one payment yeh?

I'm on youth allowance and I earn less than 80k. Surely they wouldn't give a 20 y.o. kid $1900.

 

[Artie Bucco]

Just a clarification. If we do qualify for it twice, we only get one payment yeh?

I'm on youth allowance and I earn less than 80k. Surely they wouldn't give a 20 y.o. kid $1900.

Not 100% sure, but I'd say it's twice. The tax return payment is independent from the youth allowance

The Training and Learning Bonus consists of two categories:
Category 1

• A one-off $950 bonus for recipients of: Youth Allowance (students and apprentices); Austudy; ABSTUDY and related payments

source - ATO website

 

[dmc333]

As I said elsewhere, I'll hand it straight back. I've nearly the same amount of tax due in late March.

 

[Stig O'Hara]

Magic beans, an ounce of speed, a large pizza and a crate of beer.

Seriously wouldn't you rather the government kept their hands in their pockets,
and people still had some sort of chance in 6 months time?

You know, when it really gets bad.

 

[r dub 19]

Uni books hmmm na straight into the stock market! best thing possible (according to my economics books)