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In Australia, we’re lucky enough to have one of the best lifestyles in the world. Plenty of sunshine, beautiful parks and beaches, and an abundance of good and healthy food. There’s no reason for Australians to be out of shape.

Unfortunately, despite our blessings, and a pretty good awareness of health and wellbeing, the general state of the Australian population does not seem to be improving.

It doesn’t matter how much money you have or make, sometimes it just doesn’t feel like it is enough. When you create and stick to a budget, at least you know how much you actually have and what you can do to make the best of it.  

Budgeting shows you where you are financially and helps you map out a path to where you want to be. By creating a budget and setting aside a few minutes a week to keep track of your money, you will be able to:

The costs associated with aged care facilities such as nursing homes and hostels are very complex and can vary significantly depending on a person’s level of income and assets. Although there are many rules and regulations surrounding the costs, there may be the opportunity to reduce aged care fees and maximise Centrelink or Department of Veteran Affairs (DVA) benefits with the use of an annuity.

The main fees payable by residents can be summarised as follows: