Banter TRTT Part 13: 2021 Goodbye (To 2022)

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This came up on my recommendeds earlier. pre cool, channel has some great Aus movies remastered.

Maybe watch Picnic at Hanging Rock or Walkabout instead of pulling yourself off with no football this weekend. dirty campaigners

 
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This came up on my recommendeds earlier. pre cool, channel has some great Aus movies remastered.

Maybe watch Picnic at Hanging Rock or Walkabout instead of pulling yourself off with no football this weekend. dirty campaigners


Or there's pulling yourself off to Walkabout.

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This fees just like the start of it getting worse yet too.

Tough 2 years looming all around.
Pretty sure the extra 20 cent tax gets added after the 6 months are up in October. 250 plus by Christmas, I reckon. Time to get out the push bike........
 
Money people and grown ups of the world!

My home loan is currently an offset variable rate one. With a rate rise coming, I was looking at splitting a portion in to a fixed rate account. However, there's every chance that by the end of the year I will have enough in my savings and other accounts to cover the loan completely, if my understanding is correct, which I am never confident about, this should mean I'm paying no interest at all, and therefore there would be no value in splitting the loan?

Does any of that sound correct?
Might be a bit late to the party here as I haven't read the pages after this one yet, but my understanding of offset loans is that the interest rate they charge on your debt is higher than the one they offer on your offset savings, so even if the two figures match, you'll still pay interest.

Might be way off here though, check with your lender :thumbsu:
 

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Pretty sure the extra 20 cent tax gets added after the 6 months are up in October. 250 plus by Christmas, I reckon. Time to get out the push bike........


Makes you really think hard about electric future, cars, and how governments have let everyone down compared to what’s going on in Europe, a good decade behind…
 
I know people lose their shit at petrol prices and the cumulative effect is big, but a 30 cent rise on your average 50 litre tank is $15. Now if you live in the sticks and have a 50km round trip to work everyday I guess it does hurt, but if you fill up once a fortnight its not that big a deal.
 
WA isn't part of the 'national energy grid' so in Perth at least we don't have a choice of electricity provider (and only minimal choice for gas), but I'm sure they'll jump on the bandwagon of exorbitant increases in the near future, which will no doubt justify all the councils to hike their rates too.

Had to laugh when I got this email this morning - as I say, we have no choice of provider and my bills are auto debited to my account, so my 'relationship' amounts to flicking a switch on and off:

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I know people lose their shit at petrol prices and the cumulative effect is big, but a 30 cent rise on your average 50 litre tank is $15. Now if you live in the sticks and have a 50km round trip to work everyday I guess it does hurt, but if you fill up once a fortnight its not that big a deal.
Groceries, petrol, power yea just get over it you plebs on a budget eh
 
Groceries, petrol, power yea just get over it you plebs on a budget eh

I admit I'm guilty of it myself James. Ill hold off filling up for 20 cents a litre cheaper yet ill have no problem dropping $100 on overpriced Peronis at the pub on Thursday night. Petrol prices just seem imbedded in our psyche but if you step back and look at it, the price increases/savings are less than the lunch they bought that day
 
I admit I'm guilty of it myself James. Ill hold off filling up for 20 cents a litre cheaper yet ill have no problem dropping $100 on overpriced Peronis at the pub on Thursday night. Petrol prices just seem imbedded in our psyche but if you step back and look at it, the price increases/savings are less than the lunch they bought that day
I'd rather drink the petrol than the Peronis.
 
I admit I'm guilty of it myself James. Ill hold off filling up for 20 cents a litre cheaper yet ill have no problem dropping $100 on overpriced Peronis at the pub on Thursday night. Petrol prices just seem imbedded in our psyche but if you step back and look at it, the price increases/savings are less than the lunch they bought that day
Sure I mean we all have indulgences that don't make sense financially but work as a social human, I gotta say though throw in gas & electricity about to soar maybe the average joes start to question the espressos, lunches, peronis & football club memberships.
 
Come on Paps, you know very well that petrol prices are an indicator. It’s not just about the fuel in the tank, it’s about the knock on effect on everything else. It impacts everyone but more-so those at the lower end of the economy because they don’t have the options to shuffle their budget.
 
Pretty sure the extra 20 cent tax gets added after the 6 months are up in October. 250 plus by Christmas, I reckon. Time to get out the push bike........

Don't worry, they'll extend the excise cut if prices are still through the roof in October, it's just not something you want to promise politically in case prices normalise in the meantime.
 
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Which Bank finally passed on higher interest rates to depositors - last month instead of an insulting tiny amount of interest I received a mere pittance. Another RBA board meeting on Tuesday, I wonder how long it will take to pass that increase on - probably after they've charged lenders the higher rate for a few weeks.
 
I know people lose their shit at petrol prices and the cumulative effect is big, but a 30 cent rise on your average 50 litre tank is $15. Now if you live in the sticks and have a 50km round trip to work everyday I guess it does hurt, but if you fill up once a fortnight its not that big a deal.
You make it sound easy. But for those of us who do a lot of driving, it ain't that simple.
 
Take the bus to work, don't have kids. Problem solved. I fill up probably less than once a month.

As bomber said though, the major problem is that petrol being expensive makes all other products which rely on petrol at some point in the supply chain (i.e. f***in everything) more expensive too.
 
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