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Feeling Ostomistic
Wednesday, September 12 2018

This post is a collaboration between Feeling Ostomistic and Electricity Monster

You might recall from my post earlier in the year about "18 goals for 2018,"  that I wanted to find ways to reduce my bills/expenses - especially power - and that I wanted to do my bit to save the environment (such as getting solar panels installed and reducing my waste). I had read the Barefoot Investor and was determined to implement changes and see better financial stability this year.

Last year our bills were up around the $1000 a quarter mark, it was definitely a huge expense for us and each time the bill was due it was a stressful time.


Our March 2017 bill

I thought getting solar panels on would reduce my power bills dramatically and had hoped the huge outlay of costs would help us reap the rewards of cheaper power. We'd hoped we would see the value of our investment almost immeditately, but several months on we weren't yet to see a change in our bills or power consumption. 

Our bills were still between $500-$1200 a quarter!


Our March 2018 Bill, had reduced but still large

I was determined to find better deals and had tried to compare all the companies individually, but with my health and not having much attention span due to medications, along with not quite understanding all the charges and components of the bill and how to accurately compare, it was becoming a rather daunting and overwhelming task... so it was put in the "too hard basket".

I wished I had of known then that there were power brokers like Electricity Monster that existed!

It wasn't until this week that Russ was really wanting to get the power sorted, especially as it is heating up in the lead into Summer, when we would be using more air-conditioning and power (due to health reasons I struggle in the heat so need the air conditioning).


Our March 2017 Consumption per quarter


Our March 2018 consumption per quarter, was reduced compared with 2017 but wanted it to be better

I stumbled across an article by Electricity Monster online when I was searching for "ways to save on your energy bill" and some of their savvy tips sounded great and easy enough to try and implement into our household.

As I scrolled down the page I saw a sidebar advert that said "do you want to lower your bills?" and I was very intrigued. I submitted my details and awaited a call back.

I can excitedly say that finding and comparing plans was so easy!

Electricity Monster are brokers for power and can help you find a better deal, even for internet plans too! And the process is so quick and seamless.

 

After paying almost thousands each quarter, the idea of not having a bill or if we do have end up with a bill it would be a very small bill, it is all very appealing.

I checked with Russ to make sure he was happy with the proposed new plan, and he was. So off we went changing providers, and we didn't have to do anything, Electricity Monster did it all for us!

While the existing Simply Energy account offered a 20% pay on time discount, we are only being offered a 12% pay on time discount with Power Shop. Although the discount was lower, the usage rates and supply charge after discount were pretty much the same. The real saving was made in the higher feed-in rate I was receiving for the excess solar I feed into the grid. So although I was already on a competitive rate with Simply Energy, by calling Cyrprus I was able to make my solar system work harder for me and in return look to reducing my electricity bill in the future.

But I am just so happy with how efficient she was at comparing all the deals out there and finding ways to reduce our bill to the point we shouldn't get a bill and if we do it will be minimal, and best of all I didn't have to do anything except send her a copy of our bill via email.

Wanting to try the service yourself?

It is absolutley free to do so, do check with your current provider if you have any locked in contract or any exit fees, thankfully it wasn't costing me anything to change and I am not locked in with Power Shop or have exit fees too, so if I find in 6 months it isn't working out I know I am not obliged to stay, but if the bills remain as small and minimal as we are expecting I shouldn't have a need to change.

I spoke to Cyprus who was a really knowledgable broker who has been in the energy business for a while, so she knows what she is talking about. She also deals in internet brokering too. You can reach Cyprus on her direct line 1300 232 848 or via direct email and feel free to let her know I sent you.

I really hope that you too can save money just like I have and I am excited at the thought of cheaper power bills (aren't you?).

Disclaimer: Whilist this was a collaboration between Feeling Ostomistic and Electricity Monster, all the experiences and opinions are entirely my own and based off my own experience of the company. I would never share something I haven't and don't use myself and this service helped save me hundreds each quarter off my power bill, and I genuinely believe you could save too

Posted by: Talya AT 11:44 pm   |  Permalink   |  Email
Monday, October 05 2015

NB: This is a sponsored post

Sometimes in life, things happen that can be unexpected and often out of our control. But if we are prepared and have a contingency plan in place, it can help us to navigate through those difficult times with a bit more ease.

A contingency plan, is a plan that is designed to be implemented during a future event or circumstance. A contingency plan is also sometimes referred to as a back up plan or a risk management plan.

In my life, I have several of these risk management plans that I have shared with those that it most affects, and in each of these plans it explains in detail the steps that need to be taken.

Some contingency plans you might have (or need) in your life may include:

1. A will
This is probably (in my honest opinion) one of THE.MOST.IMPORTANT  risk management plans you can have in place. A will not only explains your wishes for your belongings and assets, but also can be important if you have young children to detail whom you wish to care for them in your absence.

If you have a blog or an online business (digital assests), there is also now an added clause that allows you to explain what is to happen to these when you die. You may wish to have your social media accounts closed, or request to have these left open as a memorial; or in my case I have specific instructions regarding my blog such as the hosting is to be continued to be paid and my site is to be continued to remain active for a resource that my younger sisters or anyone needing a safe place to turn to, can still do so. I even have a blog post (unpublished) and content that is to be updated to my site when I do pass away, so that others know that there won't necessarily be someone to answer any queries directly.

But your will should be updated every 2-5 years, as life happens and circumstances change, it is important that these are reflected in your will.

2. A funeral plan
You might have specific instructions in your will on where you want to be buried or cremated, or how you wish to pay for your funeral, or you might have been super prepared and met with a funeral home and have your funeral already pre-paid and planned out so that when you did pass away your family were able to grieve and be there for each other as opposed to making funeral arrangements.

I know that talking about your funeral wishes can be rather morbid, personal, upsetting and confronting to our family and friends, but it might help you feel at ease when times are tough and you are battling some serious health obstacles that you know your wishes are known.

For me, I know this is something I have done, and it was really hard being only 24, but the reality that I am faced with is one that is uncertain and I know when the going gets tough that this is a plan that might need to be actioned.

I have told my husband (and have it in writing and in my will) that I am to donate my body to science due to my rare disease and progression of said disease so that they can use my body and tumours to study and hopefully I can be part of a cure moving forward. I wish for my remains that aren't needed to be cremated, and for a joyful ceremony to be conducted at the botanical gardens where everyone is to wear bright and happy colours, and where it will be a celebration (a memorial service as you will) rather than a saddened atmosphere.... after all, I am a happy and bubbly person!

Up until I got sick, I had always wanted to be an organ donor. But knowing now that my organs and body parts wouldn't be able to be used by another I decided instead to donate my body to the organisations studying my disease and making a cure.

3. How you will pay your mortgage and bills if you were to lose your job?
When you take out a loan, credit card or mortgage you will be asked if you wish to take up loan protection. A lot of people are reluctant as they see it as an additional expense, and in truth we think that our jobs are secure and we are safe.

The reality is that you can never be too safe or secure in a job, and from my own personal experience it is something I realised was important to have in place.

My husband and I had always had protection on our loans in case we got sick or lost our jobs and was arranged through our loan provider. We had this for one of our car loan. Then in early 2012, I found ourselves applying for a quick fix finance loan for $15k to consolidate a couple of credit cards and a loan I had to take out to pay for my colonoscopy (which was $5k). 

My husband and I thought we were safe in our jobs, he had been working for a national company for 5 years and I working for a bank for the past 18 months. We were on really good incomes and planned to only have this loan for a couple of months so we could pay it in one loan and have a bit more breathing room. Because we only planned on having it temporarily we declined the loan protection.. our interest rate was 40% so we knew it needed to be paid quick smart.

Three days later, I was told my contracted hours were being reduced from 24 to 4 a week due to the bank doing a massive job cull and reshuffle and there wasn't the hours there.... it was okay, I knew we would be fine as we still had my husband's job...

The next day we got a phone call saying his employer had gone into administration and that they were closing in a month.

HOLY CRAP!  We now had $15k of debt that wasn't covered and we had no idea how we could make the repayments at 40% interest... we regretted the decision 4 days earlier to decline that loan protection.

Lesson learnt, never be unprepared again! I have since made sure that our loans, credit cards are covered and that my husband has income protection through his life insurance, which our friends over at Life Insurance Comparison can also help with!

4. What were to happen if you were no longer able to care for yourself and you needed to move into a residential facility or home?
I know we often don't like to think of what will happen when we get older, or what were to happen if we were to become permantly incapacitated, but this is a plan we should certainly talk to our family about and express our wishes while we still can.

While we might want to always stay living our life out in the home we love surrounded by family, this might not always be as easy as we wish. If there is round-the-clock medical care we need this can become rather expensive to organise to happen in your home and it might be easier on ourselves, our family and our carers if we were to live in a residential facility where we had the help and support we need.

It is also important to consider the safety aspect, will this be safer for me as a long term plan? And the finance side of things needs to be discussed to, whether you can afford it or how you plan on paying it. This could be something you incorporate into your retirement plan to accomodate for additional later-in-life medical costs.

5. How will you or your family survive if you became sick and unable to work or if you unexpectedly passed away?
I decided it was best to leave the most important contingency plan for last, which is of course, talking about our life insurance.

We protect our homes in the event of flood/theft or fire, and we protect our cars in the event of a crash, but surprisingly we often don't think about insuring number #1 (ourselves).  I know I thought of insuring my husband before I decided to insure myself, which by the point I enquired I was 19, recently diagnosed with FAP and was told that if I "got to 40 without cancer and had a total colectomy, I could then be insured".

I always assumed that life insurance was only of benefit when we died to help pay for things like our mortgage or help support our families.

But DID YOU KNOW that you can access insurance if you were to become sick or disabled? Well it can! Our friends over at Life Insurance Comparison, helped to explain in a guest post for us how Life insurance can help you while you're alive and when you become ill or disabled. I really reccommend having a read, as I know I (and a lot of my readers) found it rather valuable and learnt something new about the importance of insurance and how it can help them!

This post was sponsored by:

 

Posted by: Talya AT 12:53 am   |  Permalink   |  0 Comments  |  Email
Tuesday, June 30 2015

NB: THIS IS A SPONSORED GUEST POST

In life, we all have our regrets and in hindsight wished we could go back in time and with the knowledge that we know now and not repeat the same mistakes again. I have many of these moments where I wished I did things differently or better and one of them was going to see a financial planner when I was 18 or 19 and something that was in place before I was married.

You see, not long after my wedding my dad broke the news that he was terminal with bowel cancer and that his type was caused by a rare disease called Familial Adenamatous Polyposis (FAP), which was caused from a mutation of the APC gene (a tumour supressor gene) and that it was also genetic. I underwent tests and was confirmed that I too had this disease, and as I was a newlywed I decided to apply for life insurance and was rejected on the grounds of the condition and as it is something that I have seen numerous insurers about and none can find an insurer willing to insure me as I am at high risk of cancer and more than likely will die earlier than healthy/normal peers my age.

Then I got sick in 2012 with severe endometriosis and required surgery to remove a 15cm round mass off of my ovary along with the lining of said ovary and removing/excising hundreds of sites of endometriosis. My surgeon said it was one of the most severe cases he had seen and especially in someone who was only 21. Because of the extent of the damage I was placed in a medically induced menopause which was truly horible. It made me so sick I was unable to work as I had these insufferable migrains and the nausea and hot flashes were cruel.

The week I stopped working was the week I was told that my bowel was turning cancerous and needed to have my bowel removed. So either way I would have been forced to stop working as I was told I needed 12 months off of work to recover, and then I was diagnosed with pancreatitis in 2013 which meant every other week I was in hospital for 7-10 days undergoing treatment for that, and then the desmoid tumours were diagnosed along with the thyroid cancer this year has meant that I haven't been able to return to the workforce as I am just not well enough to be considered reliable for work.

I can tell you the last 3 years have been hard financially, emotionally and physically and one thing I wished I had in place was life insurance to help me financially while I can't work, and money has been so tight and often stressful. I am just thankful my husband can work so hard to provide for us and support me while I am unable to work.

I really wished I had some sort of security in place, and it is something I hope through my mistake you will consider.

So I asked our friends over at Life Insurance Comparison to help explain how life insurance can be used while you're alive and become ill or disabled, and Sally has written a great guest post for us on this topic.

How Life Insurance Can Help If You Become Ill or Disabled

Wondering how you'll pay the bills if the main earner in the household gets ill, has an accident or dies can be a hugely stressful experience that can be avoided through life insurance. At Life Insurance Comparison, we're here to help you to navigate the often confusing world of life insurance so that you can get the right protection for your needs. We'll work with you to buy the right amount of cover and the most appropriate type of product to support your family if the worst happens. 

When you first think about life insurance, what comes to mind? If your initial thought was to with death, you may be unaware of the full benefits of life insurance. Many people mistakenly believe that life insurance only comes into its own if the policyholder dies but it can actually be an invaluable form of financial support if you become seriously ill or disabled and cannot work as a result. None of us want to think about the idea that we might be unlucky enough to experience this but it pays to be prepared.

In this post, we look at the ways in which life insurance can offer peace of mind if illness or disability occurs during the lifetime of the policy.

Life Insurance and Illness

If you become ill and are unable to work because of this, the subsequent stress could make your situation worse. Even if your lack of income is only a short term proposition, you could be under severe pressure to make ends meet if you don’t have savings to fall back on to tide you over. Fortunately, life insurance can provide an income to ease financial stress.

The exact nature of this income depends on the type of life insurance product that you buy. Income Protection Insurance will provide regular monthly payments that can be anything up to 75 per cent of your usual salary, which can be used for day-to-day living expenses while you are not working due to illness or an accident, while Trauma Insurance offers a lump sum payment if you are diagnosed with one of the medical conditions that are covered by the policy.

You’ll therefore need to think carefully about the kind of life insurance protection that you would want to have in place if you were to become seriously ill or disabled. Would you prefer to have a regular income stream coming in each month that can be used regardless of the situation? Or would you rather receive a lump sum payment if you diagnosed with a serious and traumatic condition such as cancer, a heart attack or stroke?

Life Insurance and Disability

Life insurance can also help if you become disabled and cannot work. In particular, Total and Permanent Disability (TPD) cover provides a lump sum payment if you become permanently disabled and this stops you being able to work. This type of life insurance cover is usually needed if a professional has confirmed that you will never be able to work again due to a new (and not pre-existing) disability. 

How Much Life Insurance to Buy?

Underinsurance is a huge problem in Australia in general, and this is definitely true for life insurance. This is because many of the Australians who do have life insurance don’t have enough cover to provide full peace of mind if the worst were to happen. You may already have some degree of life insurance through your superannuation fund but this is usually extremely basic and does not offer much protection at all. To be safe, you’ll need to have additional life insurance cover in place to fully meet your needs so that you are not caught out financially if you need to rely on the income.

With Income Protection Insurance, you’ll want to safeguard as much of your salary as you can afford (up to 75 per cent of it) so that you can still experience a good standard of living while you cannot work.

With Trauma or TPD cover, you’ll need to make sure that your lump sum payment is substantial enough to cover everything that you would want. You’ll therefore need to think about how much you would realistically need for regular outgoings and also factor in medical and rehabilitation expenses (if you don’t have health insurance that would cover some or all of these latter costs). Trauma insurance is generally the most expensive type of life insurance but it can turn out to be the most cost effective if you need to call on it.

Ideally, you should look to buy as much life insurance as you can realistically afford so that you are less likely to be underinsured. If you want the lump sum payment to be able to act as a long term source of income, this will obviously be more expensive to buy but would be very useful if you are unable work for over a year due to serious illness, an accident or temporary disability.

Thank you Sally and Life Insurance Comparison for explaining how beneficial it can be to have Life Insurance while you're alive! If you found this post helpful (or any on my blog) please feel free to leave a comment below.

 
Posted by: Talya AT 04:20 am   |  Permalink   |  1 Comment  |  Email
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~  Living with Familial Adenomatous Polyposis - Effects of FAP  ~

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Talya Goding - Feeling Ostomistic   talya@feelingostomistic.com.au  |  0447 426 860

Thank you for stopping by Feeling Ostomistic. It has taken a lot of courage to share my story and I ask that you show me and my site/blog respect and courtesy. Views expressed in this blog are my own and I am not a nurse or a doctor. If you need medical advice please seek your medical practitioner.

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