Life Day By Day,  Retirement

Tick-Tock, Tick-Tock to 2018

Tick-Tock, Tick-Tock, all our clocks have ticked over to 2018. At least, for all of us who have a clock that goes Tick-Tock! It only seems yesterday when we were waiting for the clock to tick over into the year 2000.

The Latin statement stat pro tempore nemo adhuc is so true. The words translate as time stands still for no one. Time keeps moving forward, the same number of hours in the day, seven days a week. Greenwich Mean Time (GMT), the local time at Greenwich, London, has been used as the basis for calculating the standard time in various parts of the world since 1884. From 1884 up until 1972 all major countries adopted time zones based on the Greenwich median. GMT is now used by fewer countries after the introduction of UTC – Coordinated Universal Time. This was when leap seconds were introduced to keep UTC lined up with the Earth’s rotation.  In Australia we use three main time zones. Where I live in Queensland we have Australian Eastern Standard Time (AEST) – UTC+10 hours. In Western Australian where my son lives the time zone is Australian Western Standard Time (AWST) – UTC+8 hours. The other time zone is Australian Central Standard Time (ACST) – UTC+9:30 hours. Daylight Saving Time (DST) is used by South Australia, New South Wales, Victoria, Tasmania and the Australian Capital Territory. DST begins at 2am on the first Sunday in October when clocks are moved forward one hour. DST ends at 2am (that is 3am DST) on the first Sunday in April, when the clocks are moved back one hour.

Time moves fast and before I knew it, Christmas was over, and we welcomed in a new year – 2018! I am deciding whether I should set a few goals? Ones I can keep! One goal we don’t have to set this year is working out how to pay off our credit cards. That is, after having such a good time over Christmas and the New Year! Using a credit card is convenient, but then having to pay off debt over time, takes so much time. In the meantime, with too much debt life can become depressing. To reduce credit card debt, it is as simple as “stop pressing that plastic card against the EFTPOS machine”!

Given so many Australians are pressing and waving those plastic cards around, including the government, debt is rising exponentially. In 2018 the total Australian credit is over $6 Trillion and by 2026 the debt will be more than $10 Trillion. Time is ticking, and the debt clock is ticking! Tick-Tock, Tick-Tock!

If you are like me, retired or planning retirement your money matters. Therefore, if you are looking forward to retirement it is a good idea to invest time in planning and preparation. The Australian Securities Commission has a great little brochure “Financial decision at retirement – How to make the most of your money and avoid costly mistakes”. Look here for your copy!

Tick-Tock…planning retirement means you can go places, like Tasmania.

Setting lifestyle and financial goals well before retirement is the way to go. Then it is time to sit back, hitch up the caravan, plan that trip or just chill out at home. While we like taking trips away we also enjoy time at home. This summer we had plenty of time to watch the cricket and now it is time for tennis. In between time we enjoy the “fork to fork” experience. A fresh lettuce, fresh basil for the home-made pizza, straight from the garden, and then the pleasure of fetching those eggs from the nesting box, less than an hour old! More about our “fork to fork” experience at another time! Have a Happy, Successful and Prosperous 2018 and thanks again for reading my blog – scattered straws.

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