Joni asked Pete and Ben to get stuck into the family affair of working out if your kids with jobs need to stump up. So they did, diving deeper than their kneejerk response of "YES". Growing up with the expectation of paying board, Pete and Ben acknowledge the changed landscape of home ownership and accessibility. But the life lesson of paying board remains, as well as the opportunity to live out biblical principles of respect.

Key Takeaways:

• Financial Responsibility: Charging board teaches young adults to manage finances and prepares them for independent living.
• Family Dynamics: Open communication about finances and responsibilities can reduce tension and foster understanding among family members.
• Economic Landscape: Rising costs of living and rental rates contribute to adult children staying home longer.
• Adapting Traditions: Modern families may need to adjust traditional approaches to rent and board, weighing financial necessity against educational opportunity.
• Value-Based Discussions: Families can leverage biblical principles, such as honouring parents, to guide discussions about board.

Notable Quotes:

• "Shouldn't they, in a sense, contribute to the cost of the house? And I think the answer is yes." – Pete Burrows
• "In adulthood, spoiler alert, you're going to cop 100% of the cost of living." – Pete Burrows
• "We're trying to prepare you for adulthood. And in adulthood…you need to pay a percentage of those costs." – Pete Burrows
• "Is it more about while you're here, we're trying to teach you a lesson?" – Ben McEachen

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Key Takeaways:

• Micro-giving Explained: The concept involves making small, yet frequent, charitable donations that collectively make a significant impact.
• Balance Giving Priorities: We are encouraged to assess whether to direct funds to our churches or to immediate relief efforts, reflecting broader spiritual and community priorities.
• Create a Giving Portfolio: Similar to investment diversification, this strategy helps allocate donations across numerous causes to maximize impact.
• Practicality Over Size: Intention behind any contribution is more important than the donation amount, as small, consistent gifts can culminate in substantial aid.
• Spiritual and Social Impact: Micro-giving is a method to engage more deeply with faith-driven generosity while addressing pressing societal challenges.

Notable Quotes:

• "You know, we allocate costs for our living. Why can't we allocate costs for our giving?" – Pete Burrows.
• "Micro-giving could be a way of thinking; if a lot of people gave a little bit, that's better than less people giving a lot." – Pete Burrows.
• "There are charities, people less fortunate than us, that need our help and they need our money." – Pete Burrows.

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Season 8! And you thought Season 7 was the top of the mountain. Get ready to level-up with your favourite account Pete Burrows and his sidekick Ben, as they continue to help our finances from a faith-filled perspective.

Just in time for Tax Returns 2025, Pete gets stuck into what we need to know this year, how to work out what to claim, and why no-one should be "lax with tax".

Key Takeaways:

• Avoid filing taxes too early before receiving finalised financial documents.

• Understand what is tax-deductible and what isn’t; use resources or consult an accountant to clarify doubts.

• Be aware of proposed changes to superannuation tax policies and how they might affect balances over $3 million.

• Consider the implications of potential HECS reductions and plan accordingly.

• Engage thoughtfully with your financial decisions, whether it be tax, savings, or tithing, ensuring they align with your broader spiritual and personal goals.

Notable Quotes:

1. "Don't be lax with your tax." – Pete Burrows

2. "Tax happens every year; it's refreshingly familiar, like Christmas." – Pete Burrows

3. "If the information is incorrect, you might need to lodge an amendment later." – Pete Burrows

4. "Most people can always find something they've spent for their job." – Pete Burrows

5. "Think of tax as the price we pay for the society that we want." – Pete Burrows

Resources:

https://www.ato.gov.au/individuals-and-families/income-deductions-offsets-and-records/deductions-you-can-claim/occupation-and-industry-specific-guides

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.