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.

Thanks for being part of the Money: Faith & Finance movement.

Next season we're diving into these topics:

Exploring Legacy, Financial Sacrifice, and Community Support
Tax Time Tips and Changes in Australia
Should Adult Children Pay Board While Living at Home??
Exploring Car Costs and Environmental Impact

Got a question for the Money Men? 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.

Overtime. We all do it. Many of us don't get paid extra for it.So, should you do any? What about the RIGHT TO DISCONNECT??

What are reasonable expectations for salary employees, wage workers, and business owners? Pete and Ben consider this prickly aspect of earning as living costs rise.

Got a question for the Money Men? 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:

Cozy Fizz Explained: Or how the rising cost of living impacts luxury items and discretionary spending.

Wants vs Needs: Working out what is essential.

Economic Pressures: Small businesses, particularly in niche markets, must consider the particular sting of inflation and other financial factors.

Strategic Spending: Tips for managing finances by balancing quality purchases with affordability and necessity.

Notable Quotes:

"The more money you spend on vanity, the less money you've got to spend on humanity." - Pete Burrows

"It doesn’t cost that much more to make a fancy handbag. It’s just the name on it." - Pete Burrows

"Everybody wants to get something that’s a bit different, a bit unusual, and that comes out in people’s drinking tastes." - Pete Burrows

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in 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.

Before we get to Season 8, here's an oldie but a goodie from Season 3. In case you missed it...

A lot of us don't like to talk about money and church. But that's not Ben and Pete. They dive headlong into the biblical (yet divisive) universe of giving to your local church. The angle they take is not what you expect. The offerings they bring, though, are right up your alley because Ben and Pete discuss how you can give AND why.

Share this with your church family to help you wrestle with the methods and motivations for financially supporting your church.

Got a question for the Money Team? 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.

About Our Guests:

The Bottle Kids - Colette, along with her children Romario, Valentina, Giovanni, and Isabella, share their inspiring journey of entrepreneurship and philanthropy. The family has gained recognition for their innovative approach to recycling through the Return and Earn scheme, which has been lauded by Keep Australia Beautiful, The Sunday Telegraph, and their local community. See them channel their inner Barefoot Investor as they explain what they did together to be able to save, spend and give!

Key Takeaways:

• Everyone, and we mean EVERYONE, can give back from the portion that they have.
• The pride in a parent’s heart, seeing their children succeed at any stage of life, is good for the soul of the parent (and the kids!).
• Raise your kids to be confident with money.
• Celebrate the small and big things in life.

Notable Quotes:

• "It actually just feels so good to be able to do something with that gratitude." — Colette

• "Because like, we've taken all the bottles." — Giovanni

• "Once we get a lot of money to donate, we all pick a place to donate it to." — Romario

• "You'll never know what you're capable of until you try." — Colette

Join the Money: Faith and Finance Group on Facebook here!

We love your questions. Contact the Money: Faith and Finance team and we will aim to get back to you in 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.