Money Matter

Project by PAFA to educate community

PAFA have started a initiative program know as " Money Matter " to educate our community for Money related activities. As money related decision effect not a single person but his family and people around him thus effecting the community.

PAFA support for the resources available. 'Source: ASIC's MoneySmart website,, 14 August 2014'

Simple Steps to help yourself

Whether you want to plan for the future and increase your skills, or you’re in debt and experiencing short-term hardship, PAFA recommend to visit as it provides useful websites and national contacts to help you take the first step.
It is also worth finding out what is available in your state or territory with numerous community organisations and government agencies offering programs and assistance at the state level.
If you’re not sure who to contact, how to complain, or where to get help, you can call the Australian Securities and Investments Commission (ASIC) on 1300 300 630 or visit

Get sorted

ASIC’s MoneySmart website has a range of information and tools to help you with your money. MoneySmart provides calculators and tips to help you make choices about budgeting, saving, borrowing and credit, investing, superannuation and avoiding financial scams. Call ASIC’s info line 1300 300 630 or visit


If you are on a low income, you may be able to access a no interest loan to buy household appliances. The no interest loans scheme (NILS) is delivered by Good Shepherd Microfinance in partnership with National Australia Bank (NAB) and the Federal Government. The NILS is available in more than 600 locations around Australia. To find out more, or to locate a NILS provider in your area, call (03) 9495 9600 or visit

Benefits and payments

Are you getting all the benefits you are entitled to? Check out the Payment Finder on the Centrelink website or call Centrelink’s Financial Information Service on 132 300.

Protect yourself

Understand Insurance is an initiative of the Insurance Council of Australia providing information about general insurance such as home and contents, car, travel and pet insurance.

Lifewise is a website provided by the Financial Services Council providing information about life insurance and related

Avoid scams Protect your identity online

Deal with Debt
Financial counsellors are independent, trained professionals who provide free, confidential information and support if you are experiencing financial difficulties. You can get in touch with a financial counsellor by calling the Debt and Credit Hotline during business hours on 1800 007 007 or visit

Know your rights

The Australian Competition and Consumer Commission (ACCC) is the federal general consumer protection regulator. You can contact the ACCC info centre on 1300 302 502 or visit In each state and territory there are also offices of fair trading or office of consumer affairs that could have useful information.

Make a complaint
The Financial Ombudsman Service (FOS) handles complaints about banks, credit unions, building societies, superannuation providers, financial planners, insurance companies, investment managers and time share operators, among others. For more info call 1300 780 808 or visit

The Credit Ombudsman Service Limited (COSL) is an independent dispute resolution scheme for many members of the non-bank financial services industry including mortgage and finance brokers, lenders and debt collectors, credit licensees
and representatives. For more info call COSL on 1800 138 422.

The Superannuation Complaints Tribunal (SCT) is a statutory body that deals with the decisions and conduct of superannuation providers. You can call the SCT on 1300 884 114 or visit

Plan for the future
Super Guru is a site provided by the Association of Superannuation Funds of Australia (ASFA) to answer your questions about your superannuation. It includes tools to help you plan your retirement savings.

The Australian Stock Exchange (ASX) has a comprehensive range of free information and courses to help you become an informed investor.

The Financial Planning Association (FPA) represents financial planners who provide their services for a fee. The FPA Website offers a ‘find a planner’ tool.

Your Super

If you have a question about your super, such as how it is invested, what choices you have, or what insurance arrangements it offers, call your super fund directly. The Australian Taxation Office (ATO) has information about the superannuation guarantee (SG), lost super accounts, self-managed funds and tax. You can call the ATO on 13 10 20 or visit

Life events

Your life and your money

Here are some money tips to help you when facing big financial or life decisions.

General Money tips

Invest Regularly:

Man is forever tempted by get rich quick schemes or the rush of a gamble. However, the real way to wealth is ironically through steady, slow and diligent investing. Sure, you could get lucky as a gambler and get rich, but the odds are not in your favour. Practically speaking, saving a small amount for the long term every time you get your income check is a great way to automate your savings plan. The benefits are mainly habitual; for someone who may not be very good at saving, it allows them to stick to a simple plan that is much easier then selective investing.

Realize Wealth Is Possible:

Very simply, if you save $500 per month for 30 years and you happen to get the 10% return that stocks have had over the last 100 years, you would have a cool 1.1 million dollars of invested assets. 30 years seems long, but picture yourself in 30 years; now, wouldn't it be great if you had a million dollars, where ever you are picturing yourself? You certainly would not regret what you started 30 years before.

Buy Stocks:

I alluded to the average long term return of stocks earlier. Stocks continue to be the best asset class to invest in over the long term. The alternative is investing in bonds, which historically have yielded a 5% average annual return as opposed to a 10% long term return for stocks. The 4-5% advantage from stocks makes all the difference if you plan to accumulating wealth.

Save on Groceries:

Changing your eating habits from snacks, frozen foods and soda pop, to nuts, whole oats and fruits and veggies, can easily save you a surprising amount of money. Let it be known that man can have a healthier diet whilst spending far less than the average person; it would be wise to practice this, and invest the money you would have otherwise wasted on unhealthy food.

Adopt a Healthy Lifestyle:

By living healthier, you have a better chance of accomplishing your wealth accumulating goals. Firstly, you hopefully will not die young, for obvious reasons. Secondly, you can save a lot of money by eliminating the destructive health practices in your life. A man's vice, such as, but not exclusively, alcohol, drugs and smoking, can easily support a million dollar wealth building plan. Lastly, being healthier can instill in a person new found motivation and increased self-esteem, which can help in embracing the independent thinking necessary to build wealth over the long term.

Avoid Debt:

Any debt, especially high interest credit card debt, is disruptive to a successful financial plan. For example, even if you saved diligently and were good enough to get a decent return in stocks, the 20% annual interest on credit card debt effectively cancels out any returns. The prudent method is to pay off all your debt before you begin saving. Debt should never be used for consuming purposes, and is best applied to promote more industry and wealth accumulation; only then is debt justified. As a beginning investor, debt should be avoided entirely.

Do not call register

Another thing you can do is put your name on the Do not call register. This will remove your name from telemarketer phone lists and should reduce the number of calls you receive. Investment scammers are skilled at convincing people that the investment is real, the returns are high and the risks to your money are low or non-existent. Be suspicious of anyone offering you easy money. There is almost always a catch.


The information in this website and the links provided are for general information only and should not be taken as constituting professional advice from the website owner.