Coaching Centre
Chapter 4: Managing Money Notes
Discounts, unit pricing and GST, buying overseas, credit cards, buy now pay later and buying on terms, buying and running a car, household bills and personal budgets.
Sections
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4A Best buys, discounts and GST Mastered
Unit pricing to find the best buy, percentage discounts and mark-ups, successive discounts, working back to an original price, and adding or removing the 10% GST.
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4B Buying overseas Mastered
Converting between Australian dollars and other currencies, overseas card fees, GST on imported goods, VAT abroad, and deciding whether buying overseas is really cheaper.
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4C Credit cards, BNPL and buying on terms Mastered
How credit card interest-free periods and daily interest work, buy now pay later and its fees, buying on terms with a deposit and instalments, flat interest rates, and comparing ways to pay.
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4D Buying a car Mastered
The full cost of buying a car in NSW: price, stamp duty, registration, CTP green slip, third-party property and comprehensive insurance, and car loans with flat interest.
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4E Running a car Mastered
Fuel consumption in litres per 100 km, fuel costs for trips and for a year, electric car charging costs, yearly running costs, and cost per week and per kilometre.
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4F Household bills Mastered
Reading electricity, gas and water bills: meter readings, usage charges, daily supply charges, solar feed-in credits, GST, and the running cost of appliances in kWh.
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4G Budgets and emergency funds Mastered
Building a personal budget from income and fixed and discretionary expenses, converting costs to the same time period, saving targets, and an emergency fund of 3 to 6 months of living costs.