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More time at home means many Australians now have the opportunity to re-assess their lifestyle and spending habits and set some serious saving goals. So how can you actually go about it?

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In this episode of The nestegg Podcast, host Grace Ormsby is joined by Melbourne-based Reventon’s Billie Christofi to talk all things finance and the impact of isolation on our hip pockets.

In stage 4 lockdown, Billie shares the importance of going back to basics when it comes to budgeting, methods to re-assess spending habits, and some of the less conventional ways people can boost their wealth at this time.

Thanks Billie, for sharing your insights with the nestegg podcast team!

Have an investment story to share? Get in touch at [email protected] and you might get featured on an upcoming episode!

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Tasmania offers cash to self-isolators

By Grace Ormsby

March 18 2020
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Invest

Tasmania offers cash to self-isolators

By Grace Ormsby
March 18 2020

One-off emergency payments will be provided to Tasmanians who are forced to self-isolate as a result of coronavirus.

Tasmania offers cash to self-isolators

By Grace Ormsby

March 18 2020
Share

One-off emergency payments will be provided to Tasmanians who are forced to self-isolate as a result of coronavirus.

State Premier Peter Gutwein has announced that individuals who self-isolate will be provided with $250, while families will be given $1,000.

In addition, the government has announced that it will be establishing an emergency accommodation support fund of $1 million for individuals and families placed on home quarantine but who are unable to return to their regular place of residence due to self-isolation measures being in place.

It’s part of a $420 million stimulus package proposed by the government that will see $2 million in primary health support provided to GPs and pharmacies, and a $1 million injection into frontline worker support for the provision of accommodation.

A further $1 million in grants will be provided to mental health organisations.

The package also aims to provide relief to small- and medium-sized businesses.

The package will comprise of $20 million in interest-free loans that will be available to small businesses in the hospitality, tourism, seafood and exports sectors and a waiving of payroll tax for the remainder of the financial year for those same businesses.

Other measures include $50 million in local government interest-free loans, and bringing forward of $50 million of public building maintenance work.

It comes after Western Australia and NSW announced their own stimulus packages yesterday, while Queensland said it was creating a loan facility for the support of businesses “most directly affected” by the pandemic.

The federal government last week unveiled its own $20 billion stimulus package.

At a press conference this morning, the Prime Minister indicated a second federal package is in the works – to be announced once all aspects have been “properly designed”.

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About the author

Grace Ormsby

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace Ormsby

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