Author name: 2 Ezi

Australia is a land of diverse landscapes, unique wildlife, and a rich cultural tapestry. It’s also known for its stringent import regulations. While Aussies love to explore the world and bring home souvenirs from their travels (which may even be true of people travelling outside Australia for the first time), there are several products that you may not be able to bring back to the land Down Under due to strict biosecurity and customs controls. In this blog, let’s cover the reasons why Australians may face restrictions on what they can import and highlight some general product categories that could raise red flags at customs, excluding banned substances. Import Controls  Australia’s unique environment and biodiversity are vulnerable to threats posed by exotic pests, diseases, and contaminants. To safeguard the country’s natural assets, the Australian Border Force (ABF) and the Department of Agriculture, Fisheries and Forestry (DAFF) enforce stringent import controls. These controls aim to prevent the introduction of harmful organisms and hazardous materials that could jeopardise agriculture, public health, and the environment. In a certain perspective, some people might have a little souvenir awareness through Seven’s Border Security: Australia’s Front Line TV show, where in many episodes, some passenger arrivals in Australia have their baggage searched by ABF officers to varying degrees of success. Restricted Products Let’s dissect the following product categories that might not be allowed to be brought into Australia, which may come to light when listed on your Incoming Passenger Card. In many cases, seized goods will be destroyed under controlled conditions. Fresh Fruits and Vegetables Australia has strict regulations on fresh produce to protect against potential pests and diseases. Bringing fruits, vegetables, or plants from overseas may require permits and inspections; as such, any food items should be declared. Meat and Dairy Products Imported meat and dairy products can carry diseases that can harm Australia’s livestock and dairy industries. Such items are typically subject to tight restrictions, but there are some caveats – dairy products like cheese, butter, and milk must have come from a country listed free of FMD and are still sealed in their commercial packaging, and only for personal consumption. As for stored breastmilk, it must be in cold-storage containers and is meant for infants cared for by the person carrying the shipment – such as a mother travelling with her baby. The FMD protocol also applies for meat products whether or not they are under the BICON (Biosecurity Import Conditions) list. Seeds and Plants Bringing in seeds, plants, or soil can introduce new species that may outcompete native flora or harbour pests. Special permits issued by the DAFF may be required for these items alongside a phytosanitary certificate from the exporting country, assuring the item is free of Trogoderma. Live Animals and Pets Importing live animals, including pets, can be complex and may require quarantine periods mandated by the Australian Quarantine and Inspection Service to ensure they are free from diseases. The DAFF also has a category listing of countries from which an import permit to Australia is required, including those declared rabies-free. However, some specific dog and cat breeds are not allowed to be brought in Australia due to being threats of invasive species. For example, the Japanese Tosa’s stocky build as a dog fighter breed makes for a massive threat on the street and the American pitbull terrier has long been banned due to being a culprit in over 10.3 per cent of tallied dog attacks in NSW alone, per a Sydney Children’s Hospital study from Q1 2022. Any offspring that are mixed-lineage with the banned breeds will not be allowed as well. Recently, Government Services/NDIS Minister Bill Shorten urged for the government to update banned dog breeds list to include Rottweilers in light of a mauling in Perth where a woman was savaged by her own pet Rottweilers – but not all Aussie Rottweiler owners and animal rights advocates are sold on his appeal. Wooden Items Wooden products like furniture and souvenirs can harbour wood-boring insects and will be evident when they show signs of bark or unnatural holes. These items are often subject to strict treatment and inspection requirements under BICON. Leather and Animal Products Products made from animal hides, such as fur or leather, may raise concerns about diseases and ethical sourcing, especially since some leather goods imported into Australia are from countries with allegedly ineffective animal welfare laws. The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) governs the importation of animal by-products into signatory states like Australia. Biological Samples and Research Specimens Scientists and researchers importing biological samples or specimens must adhere to strict protocols to prevent the introduction of pathogens and pests. The importing process will require clearance from DAFF and the Australian Nuclear Science and Technology Organisation. Medications and Pharmaceuticals Even over-the-counter medications can be subject to scrutiny. Australians should ensure they are carrying a personal supply and have the necessary documentation for prescription medications, particularly English-language papers by licensed practitioners in countries where English is a second language. Exercise caution as well if you bought a small stock of OTC medicines in countries that already have high pharmaceutical industry standards. A crosscheck of BICON before flying to Australia may help identify whether your medicines are cleared, including those with plant-based ingredients. Weapons and Firearms Importing weapons, firearms, and related items is tightly regulated for obvious safety and security reasons. There’s also the possibility that the customs authorities at your port of embarkation might flag and confiscate them before you get on the plane. The Department of Home Affairs also prohibits the importation or carriage of non-weapon items but still have sharp edges, including ski poles. Some may ask if the weapons import ban also applies to airsoft weapons. The team at advocacy group Airsoft Australia states that due to their realistic appearance, they are not allowed for sale across the country. NT, however, allows for ownership, provided the owner has the appropriate firearms licence and importing them

A blended family brings unique dynamics and challenges, including the need to manage finances effectively to provide for all family members. In Australia, where blended families are increasingly common, it is crucial to develop strategies that promote financial security and ensure the well-being of everyone involved. This article explores the importance of learning how to manage finances in a blended family, including budgeting, creating financial goals, and planning for the long-term financial well-being of children from different relationships. The Open Situation Blended families are those with at least two children, with more than one being a natural or adopted child of both partners. These are all but a common fixture in Australian family life. Data from the ABS’ 2021 Census revealed that amongst the 2.94 million families in Australia, 103,215 of them are actually blended families – against 100,926 recorded in 2016. Stepfamilies, meanwhile, numbered 250,609 as of 2021 up from 173,155 in 2016. The higher number for both categories, observers claim, is attributed to various family dynamics and economic issues. According to Raising Children Australia, children from a previous relationship or marriage may take up to two years to get accustomed to their stepsiblings. Open Communication Open communication and financial transparency are key foundations for successfully managing finances in a blended family. All adults involved should be honest about their financial situations, including income, debts, and financial commitments. Establishing regular family meetings to discuss financial matters, including budgeting and savings goals, can foster trust and ensure that everyone has a clear understanding of the family’s financial situation. Create a Family Budget Developing a comprehensive budget that reflects the needs of the entire blended family is crucial. Start by listing all income sources and expenses, including shared expenses such as housing, utilities, and groceries. Allocate a portion of the budget for individual expenses and child support obligations. By creating a realistic budget and involving all family members in the process, you can ensure that financial resources are properly allocated and that everyone’s needs are met. Planning for Children’s Future Blended families often consist of children from previous relationships, and it is essential to plan for their financial well-being. Consider the following strategies. Education and Savings Funds Set up education savings plans, such as a Registered Education Savings Plan (RESP) or a scholarship fund, to support children’s future educational needs. Regular contributions and strategic investments can help accumulate wealth over time. Estate Planning Work with an estate planner or solicitor to update your will and ensure that your assets are distributed according to your wishes. Consider trusts or other legal mechanisms to protect assets and provide for children from previous relationships. Review and update beneficiary designations on insurance policies and retirement accounts to reflect your current family structure. Reviewing any wills when a new partnership/marriage is active is critical to prevent future strife: in discussions with the Australian Financial Review’s Duncan Hughes, Financial Clarity senior wealth adviser Wayne Lear said remarrying couples could have wills that do not account for the spouse and children in the new union, possibly causing a partner’s original family to have their estate.  Financial Education Teach children about money management, saving, and investing. Encourage open discussions about financial responsibilities and help them develop healthy financial habits that will benefit them throughout their lives. Consolidate Finances and Joint Accounts Blended families often involve merging finances from different relationships. Consolidating accounts and establishing joint accounts for shared expenses can simplify financial management and promote transparency. However, it is essential to approach this step cautiously and consider consulting a financial advisor or counsellor to ensure that all parties involved feel comfortable with the arrangement. Seek Professional Financial Advice Managing finances in a blended family can be complex, especially when navigating the unique challenges that arise from combining different financial histories and obligations. Securing expert financial counsel can offer invaluable guidance customised to your individual circumstances. A financial advisor can help you develop a comprehensive financial plan, address estate planning needs, and offer strategies to maximise wealth accumulation and preservation. Review and Adjust Plans Financial plans need periodic review and adjustment to align with changing circumstances. Set aside time at least once a year to reassess financial goals, review the budget, and make any necessary modification. Additionally, open communication within the blended family should be ongoing to address any changes in income, expenses, or financial obligations. Conclusion It can be a rocky start when two people from previous relationships or marriages decide to come together and expect their children to accept each other. Successfully navigating the financial landscape of a blended family demands open communication, transparency, and meticulous planning. With a solid financial foundation, blended families can thrive and ensure a stable and prosperous future for all family members. DISCLAIMER:  This article is for informational purposes only and does not constitute official financial advice. 2 Ezi has no working relationships with any company or organisation mentioned. Please consult a family counsellor and financial advisor immediately.

“Keeping up with the Joneses” can lead to extravagant and wanton spending, ultimately causing financial strain and stress. In today’s consumer-driven society, it is easy to fall into the trap of comparing our lifestyles with those of others and feeling the need to match or exceed them. In this blog, we will discuss the importance of breaking free from the cycle of one-upping others and embracing a more humble lifestyle. Additionally, we will provide practical tips for scaling back on unnecessary spending and achieving better financial management. Keeping Up With the Joneses The term “keeping up with the Joneses” has its origins in a comic strip of the same name that ran from 1913 to 1940, detailing the life of a family constantly envious of their neighbours – the Joneses, who have all the most avant-garde things money can buy. Australia’s position as a major economic power and its high standard of living, though, may have amped up that notion to a new level. A June 2022 study by RBA lead analyst/economist Kim Nguyen revealed that based on the latest HILDA survey, Australian households often took on more debt to at least match their lifestyle with others – even when there’s much income inequality in their general region. The loans taken were found to have been invested in “non-residential assets” such as new vehicles or stocks. To underline that problem of wanton spending, the Australia Institute’s Wasteful Consumption in Australia study noted that Aussies spend as much as $10.5 billion every year on goods or services with little or no beneficial value, but may tend to regret it later. The ABS‘ Australian National Accounts: Finance and Wealth study from September 2023 identified Aussie households as having amassed $75.5 billion in financial assets but still have $18.4 billion in liabilities, $14 billion of which were through loans. It is possible that some of the money from the loans were used for extravagant purchases. The Downside of Keeping Up With the Joneses Some people may find spending on one-upmanship stimulating, but it only benefits the sellers making money off you. In terms of financial strain, one-upping others in terms of possessions, vacations, or experiences can lead to excessive spending beyond one’s means. This reckless behaviour can quickly result in credit card debt, loans, and financial instability. They will also generate a big deal of stress and anxiety, in terms of pressure to match or exceed others’ lifestyles. The pressure to maintain appearances and live up to societal expectations can be emotionally draining, you may have seen it in other people who have been known to appear in classy parties when onlookers have discovered behind the scenes they have financial problems. Focusing on material possessions and external appearances can erode the quality of personal relationships. Genuine connections with others should be based on shared values and interests rather than material possessions. The pursuit of always having more can lead to a lack of contentment with one’s own life. Emphasising material gains over personal growth and happiness can leave individuals feeling unfulfilled. How to Avoid Keeping Up With the Joneses Scaling Back on Spending First, a well-structured budget is essential for effective financial management. List your income and expenses, including discretionary spending, and allocate specific amounts for different categories. Analyse your expenses to identify areas where you can cut back. Focus on non-essential items and services that don’t align with your values or contribute significantly to your well-being. Some bits of financial advice may include a so-called “One-In, One-Out” rule – for every new item you wish to purchase, get rid of another existing item you have. Whether you have to donate that item or sell it, this approach can help prevent unnecessary accumulation and lead to a more mindful lifestyle.  You can consider adopting a minimalist lifestyle, focusing on quality over quantity. Owning fewer possessions can lead to greater appreciation for the things you do have and a more clutter-free living space. Delayed gratification is also a chance to at least hold off on spending. Give yourself a set period, such as 30 days, to reconsider the purchase. Often, the initial desire fades, leading to wiser spending decisions. Financial Literacy With the need to gradually scale back from one-upping, you can face what to do next. Start by investing time learning about personal finance and money management. Understand how to save, invest, and make informed financial decisions that align with your goals. If you feel overwhelmed by your financial situation, consider seeking advice from a financial advisor. They can provide personalised guidance and help you develop a realistic plan.  If your family is just as burdened as you are with extravagance, they must be included in any serious financial discussions and decisions. Creating a collective understanding of financial goals and responsible spending habits can foster a more supportive environment. Embracing a Humble Lifestyle Take some time to reflect on your personal values and priorities. Understanding what truly matters to you can help shift the focus away from material possessions and societal pressures. You can also start expressing gratitude for what you already have, and accept that others may have been more fortunate to afford what they got .  A humble lifestyle is usually centred on drafting yourself some clear and achievable financial goals, with the end goal of supporting yourself, not on comparing yourself to others. Part of achieving those goals may include avoiding impulse purchases.   If part of your one-upmanship includes social media showcases, consider reducing your exposure to social media platforms that trigger feelings of inadequacy or envy. The social media comparisons are even true of certain people who openly show off what they have and the praise comments range from “you deserve it” to “how to be you?” Conclusion Breaking free from the cycle of one-upping and extravagant spending is crucial for achieving financial stability and personal contentment. Embracing a humble lifestyle based on personal values and priorities can lead to healthier relationships, reduced stress, and a greater sense of

Australia, like many other countries, experiences regular fluctuations in petrol prices. These fluctuations are known as petrol price cycles, and understanding them can help consumers save money on fuel expenses. In this comprehensive guide, we’ll delve into the mechanics of petrol price cycles in Australia and provide you with ten valuable tips to help you save on fuel costs. What is a Petrol Price Cycle? Petrol price cycles are periodic fluctuations in fuel prices that occur in most Australian cities. These cycles are influenced by a range of factors, including changes in crude oil prices, refining costs, and market competition.  Take note of the varying cycle periods in urban centres. According to the Australian Competition and Consumer Commission (ACCC), petrol cycles in Sydney, Melbourne, and Brisbane averaged five weeks to change, while Adelaide’s takes two weeks. If you’re in Perth, you might expect rapid cycling every week. In its new price monitor evaluation for January 2024, the ACCC took note of varying jumps in average prices per litre from any time during the last four months of 2023 to as late as Australia Day weekend 2024. In Sydney, the price peaked to past $2.05 a litre on 20 December 2023 to gradually slip down to $1.76 on 20 January 2024 but has picked up close to $1.95 after the Australia Day weekend. Melbourne bowsers registered an average of $2.10 on Christmas Day 2023 and gradually went down to $1.76 by 22 January then climbed to $1.92 in late January. For Brisbane, the average price stood at $1.80 a litre ten days from Christmas, but mostly went south of that over the holidays, going as low as $1.72 the day after New Year’s Day. The next three weeks saw it climb to as high as $2.10 on 22 January then mellowing to close to $2.05 after the celebrations. In Adelaide, the peak average price originally stood at $2.06 a litre on 17 December but it had a smooth drop to as low as $1.66 on 4 January then had a major spike over the next four days to $2.05, followed by a slightly fast dip to $1.67 by January 18 – but spiked again at close to $2 by 23 January. If you’re in Perth, you might expect rapid cycling every week – current data shows a consistent pattern of rapid price increases (from $1.65 to close to two dollars a litre) then a sudden drop and trickle. This rise and dip occurred at least six times from before Christmas to the Australia Day weekend. The Phases of a Petrol Price Cycle Petrol price cycles typically consist of three phases: Understanding these phases is crucial for consumers looking to save on fuel expenses in Australia. Now, let’s explore some tips that can help you make the most of these cycles. Petrol-Saving Tips Monitor Fuel Price Trends Stay informed about the current phase of the petrol price cycle in your area. There are various apps and websites that provide real-time information on petrol prices, allowing you to plan your refuelling strategically. Fill Up During the Low Point When prices are at their lowest, make sure to fill up your tank, to ensure possible fuel savings over time. It may be possible to invest in jerry cans that enable you to stock up on more petrol plus stabilisers to ensure they do not grow contaminated while being secured in cool locations. Use Loyalty Programmes Many petrol stations offer loyalty programmes that provide discounts or rewards for frequent customers. Take advantage of these programmes to maximise your savings. Consider Alternative Fuels Explore alternative fuel options like ethanol, LPG, or electric vehicles if they are suitable for your needs. These options can be more cost-effective in the long run. Maintain Your Vehicle Regular vehicle maintenance, including proper tire inflation, clean air filters, and regular servicing, can improve fuel efficiency and save you money on petrol. Carpool and Share Rides Consider carpooling or ride-sharing with friends, family, or colleagues to split fuel costs and reduce your individual expenses. Plan Your Routes Efficient route planning can help you avoid unnecessary detours and reduce your fuel consumption. Consider using GPS apps that provide real-time traffic updates to choose the quickest routes. Drive Smoothly Avoid aggressive driving behaviour like rapid acceleration and hard braking, as they can significantly decrease your fuel efficiency. Practise defensive driving strategies and use the vehicle’s cruise control capability if it has one to maintain constant speed, especially on the highway – even if the road has very few vehicles, do not get tempted with flooring the pedal due to the presence of speed cameras.   Reduce Idling If you are parked or waiting for an extended period of time, do not keep the engine on idle. Idling consumes fuel unnecessarily and contributes to higher expenses. Combine Errands Minimise the number of trips you make by combining multiple errands into one outing. This reduces the distance you need to travel and, consequently, your fuel consumption. Petrol Supplies in Australia Apart from understanding petrol price cycles and employing fuel-saving strategies, it’s essential to have an overview of fuel supplies in Australia. Australia relies primarily on imported fuel, making it susceptible to international market fluctuations. As a result, fuel prices are directly influenced by global events such as changes in oil production, geopolitical tensions, and weather-related disruptions. To ensure a stable fuel supply, the Australian government is moving to build a strategic reserve of petroleum products under the Fuel Security Act 2021, and is pushing ahead with the Boosting Australia’s Diesel Storage Program to stockpile more diesel. Additionally, Australia is improving its already stringent fuel quality standards to reduce environmental impact and maintain engine performance. The Refinery Upgrades Program aims to increase refinery efficiency for limiting sulphur content to ten parts per million (PPM) of sulphur across all fuel classes – current standards have it at 150 PPM in regular unleaded petrol, and 50 PPM in premium unleaded petrol. These standards help ensure that the fuel you purchase

Elopement, once associated with spontaneous and secretive ceremonies, has evolved into a popular choice for couples seeking an intimate and cost-effective way to tie the knot. It is even more prominent in the post-pandemic climate when the danger of infection underlines the need for more private rites. In this article, we’ll explore the financial benefits of eloping, the rationale for proper budgeting when preparing to settle down, and provide insights into planning a memorable elopement ceremony. Financial Planning for a Debt-Free Wedding As you embark on the journey to settle down with your partner, financial planning becomes a critical aspect of the process. Weddings, while joyous occasions, can be expensive endeavours that impact your financial stability. Proper budgeting for your wedding is an essential step in ensuring that your transition to married life is smooth and debt-free. Starting Your Marriage on Solid Ground By budgeting wisely, you’re setting the foundation for a strong financial partnership. Open communication about money matters and aligning your financial goals can reduce stress and contribute to a harmonious marriage. Avoiding Debt Overspending on a wedding can lead to unnecessary debt, which can strain your finances and hinder your ability to achieve other goals, such as buying a home or starting a family. Data from federal finance portal MoneySmart notes that weddings in Australia can cost at least $36,000 on average, wildly varying by state/territory (according to ABIA data), and 82 per cent of couples even spent part of their savings for the entire undertaking. The 2024 Australian Wedding Industry Report by Easy Weddings also noted that 79 per cent of respondent couples had to fix their wedding budgets due to cost of living issues.  Investing in Your Future Money saved on wedding expenses can be redirected towards important life milestones, such as purchasing a home, building an emergency fund, or investing in retirement accounts. Focusing on What Truly Matters An elopement allows you to focus on the essence of your commitment rather than getting lost in the complexities of a large-scale wedding. Financial Benefits of Elopement Eloping, once thought of as an unconventional choice, offers a range of financial benefits that can resonate with couples looking to prioritise their long-term financial well-being. Savings The most evident benefit of eloping is the significant cost savings. Traditional weddings often come with hefty expenses related to venues, catering, decor, and entertainment. Eloping slashes these costs dramatically, allowing you to reallocate funds to other financial goals. A sample expense list drawn up by Wedlockers detailed that among others, the venue and accommodation might cost $1,500, $450 for a celebrant, $400 for the rings, and even $500 for the attire, plus transportation expenses especially for exotic locales.      Intimate Setting Elopements offer an intimate and personal setting, allowing you to focus on your partner and the commitment you’re making, rather than managing a large guest list. Reduced Stress Planning a big wedding can be stressful and time-consuming. Eloping simplifies the process, minimising the need for intricate planning, vendor coordination, and potential family tensions.  Flexibility in Location Elopements provide the freedom to choose any location that holds meaning for you as a couple, whether it’s a beach, a mountaintop, a city rooftop, or a quiet forest. Minimalism and Authenticity With fewer details to manage, elopements encourage a focus on authenticity. You can prioritise the exchange of vows and meaningful moments without the distractions of a grand event.  Planning Your Memorable Elopement Ceremony While elopements offer financial benefits, they are by no means a compromise on romance or significance. Here are some cardinal elements to help you plan a memorable elopement ceremony: Location Select a location that holds personal significance for both of you. Whether it’s where you first met, a place you love to visit, or a destination you’ve always dreamed of, your choice will add sentiment to your ceremony. Papers Under Australian law, eloping couples must present signed documents to an authorised civil celebrant, such as Notice of Intended Marriage (NOIM) and statutory declaration, and formal papers attesting the couple are single, over-18 people not biologically related who have consented to get married. NOIMs can only be issued at least one month away from the elopement date.  Witnesses In Australia, you need two witnesses to make your marriage legal. Choose close friends or family members who can share in your special moment. Their presence can make the occasion even more meaningful. One case of how an elopement ceremony can be a powerful sign for your new relationship is the elopement of Townsville couple Molly Jackson and William Hampton, as noted by ABC North Queensland in February 2023. With licensed celebrant Abbey Chivers as officiant, the couple made their vows with Jackson’s two daughters as the only witnesses.  Capture the Moment Just because your elopement is intimate does not mean you cannot capture beautiful memories. Hire a photographer or videographer with experience in elopement coverage to document your ceremony and create lasting keepsakes. Personalised Vows Write personal vows that reflect your journey and commitment. Sharing your promises with each other adds a heartfelt touch to the ceremony. Celebrate Later If you want to involve your loved ones in your celebration, consider hosting a casual gathering or dinner after your elopement. This way, you can share your joy with family and friends without the pressure of a large-scale event. Embrace Minimalist Decor Since elopements are often characterised by their simplicity, embrace minimalist decor that complements the natural beauty of your chosen location. Stay True to Yourselves The beauty of elopements lies in their authenticity. Create a ceremony that resonates with your personality and the love you share. Conclusion Eloping offers a refreshing alternative to traditional weddings, with financial benefits that align with prudent financial planning for your future. By embracing the simplicity and intimacy of an elopement, you can prioritise your commitment, create lasting memories, and make a leap towards a financially secure life together. As you embark on this journey, remember that love and connection are at the heart of any meaningful

Navigating finances during maternity leave is crucial for Australian moms. Discover tips to manage this transformative time effectively. Welcoming a new addition to the family is an exhilarating journey, but it comes with its own set of challenges, particularly in terms of finances. For new mothers in Australia, managing finances during maternity leave is a critical aspect of preparing for parenthood. In this article, we will delve into the financial realities that arise during maternity leave and provide practical tips on how to effectively manage your finances during this transformative period. Maternity Leave in Australia: Financial Realities Maternity leave in Australia typically extends for up to 12 months, during which new mothers are eligible for various government benefits and employer-provided leave. Services Australia, in particular, mandates that starting for births or adoptions after 1 July 2023, the Parental Leave Pay (PLP) gross payout stands at $176.55 a day, or $882.75 a work week. A parent in a couple can receive it for up to 90 days. However, benefits like PLP might not fully replace your regular income, leading to a potential financial strain. This abrupt reduction in earnings can create a challenge, especially when coupled with the additional costs associated with caring for a newborn. Managing the Costs of Parenthood The journey into parenthood introduces an array of new expenses that need to be incorporated into your budget. Medical Expenses From prenatal checkups to postnatal care, medical costs can accumulate rapidly. Make sure you are aware of any out-of-pocket expenses and factor them into your budget. Baby Essentials Diapers, clothing, baby gear, and nursery items are essential expenditures. Consider budget-friendly alternatives, such as buying second-hand items, to alleviate costs. When it comes to nappies, Raising Children AU recommends using cloth nappies over disposables to prevent rubbish buildup and make cleaning easier.  Childcare If your plan involves returning to work after maternity leave, childcare costs will become a significant factor. Research and budget for various childcare options to determine the most feasible solution for your family. Income Reduction The decrease in income during maternity leave can be daunting, especially if the mother has a partner who might be the sole income-earner for their household. Preparing for this drop in earnings is crucial for maintaining financial stability. Strategies for Effective Budgeting During Maternity Leave Maternity leave can be a tedious time for a new mum, in many aspects, but they can be managed to alleviate stress and the purse. Anticipate and Prepare Ideally, initiate financial planning for maternity leave well in advance of your due date. Evaluate your current financial situation, calculate your expected maternity leave benefits, and ascertain the extent of the potential financial gap. Develop a Comprehensive Budget Establish a thorough budget that encompasses all your expenditures, including essential bills, groceries, transportation, and existing debts. This will provide you with a clear overview of your financial commitments. Emergency Fund Maintaining an emergency fund is imperative, particularly during maternity leave. This fund acts as a safety net for unexpected expenses or emergencies that might arise. Review Your Insurance Confirm that you have adequate health and life insurance coverage to safeguard both you and your growing family against unforeseen medical costs or circumstances. The federal government’s MoneySmart portal states that if you decide to have all pregnancy and natal costs covered under private insurance, be aware that the waiting list might go as long as 12 months.    Prioritise Spending Distinguish between needs and wants. Focus on covering essential expenses and consider reducing discretionary spending to manage your finances more effectively. Leverage Government Benefits Review all of the government-mandated benefits available to Australian mothers, such as Parental Leave Pay, the Pharmaceutical Benefits Scheme, and the Family Tax Benefit. These benefits can offer supplementary financial support during this period. You must consult Services Australia and the Department of Health and Aged Care to determine which assistance benefits apply to you. Open Dialogue with Creditors If you have existing debts, like credit card balances or loans, consider engaging in discussions with creditors to establish more manageable repayment terms during your maternity leave. Save During Pregnancy If possible, allocate a portion of your income during your pregnancy to create a financial cushion for the months of reduced income. In that aspect, that saving can be angled into some investment for the child: writing for Money Magazine, Michelle Ives said if there’s some disposable cash, you can build an investment portfolio with your child as the trustee, then turn it over to them when they turn 18.  Stay Informed Keep yourself informed about your workplace rights, including entitlements to maternity leave, flexible work arrangements, and options for gradually resuming work. Explore Flexible Work Options If your skillset permits, explore opportunities for freelance work or remote employment during your maternity leave. This could supplement your income while allowing you to spend quality time with your baby. According to current rules in Australia, employed mothers can even arrange work-from-home for up to 52 weeks’ unpaid leave or 20 weeks’ PLP. Conclusion Maternity leave is a precious time to bond with your newborn, but it also presents financial challenges. By understanding your benefits, devising a budget, and planning for the financial adjustments that parenthood brings, you can ensure a smoother transition into this new phase of life. Remember, maintaining open communication with your partner and seeking financial advice if necessary can provide additional support and guidance throughout this journey. With thoughtful planning and adept financial management, you can navigate maternity leave while providing the best for your growing family. DISCLAIMER:  This article is for informational purposes only. 2 Ezi has no relationships with any government agency or individual mentioned.

In today’s competitive academic scene, parents opt for private tutoring for kids to secure their academic success. Discover why it’s gaining popularity. When it comes to today’s competitive academic landscape, parents constantly seek ways to provide the best possible opportunities for their children’s classroom success. As a result, the private tutoring industry in Australia has witnessed remarkable growth over the years. Many parents are choosing to invest in private tutoring to ensure their children’s academic advancement and overall learning experience. In this article, we will explore the reasons why parents are turning to private tutors, the benefits they offer, as well as the potential drawbacks of hiring a private tutor for your child. Private Tutoring Private tutoring is a booming industry in Australia, driven by the desire to excel academically and secure a brighter future for children. The modern education system often comes with its challenges – from larger class sizes to a diverse range of learning abilities within a single classroom. These challenges can hinder a student’s progress, making it difficult for teachers to provide personalised attention to each student. As a hint of the size of the Aussie tutoring industry, figures compiled by GitNux noted that as of 2020, the industry was worth $1.2 billion a year – some observers peg that size at $1.3 billion. Australian Tutoring Association CEO Mohan Dhall said to the Australian Financial Review’s Theo Friedman that there’s an estimated 4,000 tutoring companies in the country, with over 70,000 full-time and part-time tutors on the rolls.  However, some of that market might be utilised abroad in some form or fashion. British-Aussie Jerome Barty-Taylor, for example, has used his ANU and Oxford education to run a tutoring business in Hong Kong, catering to upper-class families whose children are aiming to study at top universities in America. A May 2023 story on SBS Online covered how China’s crackdown on after-school tutoring providers forced them to pivot to mentoring students abroad to remain in business, with one company offering online mathematics classes to Aussie Year 1-8 students. Hiring a Private Tutor Below are several reasons why parents opt for private tutors in Australia. Personalised Learning Private tutors offer individualised attention to students, tailoring their teaching methods to match the student’s learning style, strengths, and weaknesses. This personalised approach can lead to more effective learning and faster progress. Addressing Knowledge Gaps Private tutors can identify and address specific knowledge gaps that students may have missed in their regular classroom setting. This targeted approach can help students build a solid foundation in their subjects. Exam Preparation Private tutors offer tailored instruction and preparation specifically designed to support students aiming for crucial exams, such as the Higher School Certificate (HSC) and the Australian Tertiary Admission Rank (ATAR). This can significantly enhance a student’s chances of performing well in these critical assessments. Some tutor firms in Australia are even geared towards offering HSC and ATAR sessions. Boosting Confidence Individualised attention and focused support from a private tutor can boost a student’s confidence and self-esteem. As they see improvement in their academic performance, they become more motivated to learn and excel. Some tutors may even go as far as impart valuable study skills and strategies that can benefit them throughout their academic journey. Flexible Learning Private tutoring offers flexibility in terms of scheduling. Tutors can adapt to a student’s timetable, making it easier to balance academics with extracurricular activities. Targeted Learning Goals Private tutors can work with students to set specific learning goals and track their progress over time. This goal-oriented approach ensures that students stay on track and experience a sense of achievement. Drawbacks? Enlisting a private tutor for your child may offer a panoply of advantages in preparing them for higher schooling, but you might ask, are there factors against hiring one? Cost Private tutoring can be expensive, adding to the already significant expenses associated with education in Australia. Dhall notes that on average, part-time tutors can earn up to $30 an hour and certain tutors catering to wealthy families might even command $200 an hour. Demographics can even apply to the cost: the team at TutorNova estimated that the rates of medium-level tutors with modest qualifications working in urban centres may be premium rates in regional Australia. For example, a tutor of that calibre working in Kalgoorlie, WA may charge $65 an hour when at best, they could only fetch $50 for clients in the Sydney CBD. Dependency Students might become overly reliant on their tutors, hindering their ability to develop independent study skills. Pressure Intense focus on academic improvement can sometimes lead to excessive stress and pressure on students to perform exceptionally well. Lack of Compatibility Not all tutors may be a good match for a student’s learning style or personality, leading to potential conflicts and ineffective lessons. At the same time, if a parent in Australia opts to enlist a tutoring service abroad, questions about the quality of the lessons may arise; commenting on the above SBS story, UTS Assoc Prof Christina Ho said international tutors might have lesson plans that are all but incompatible with the Australian Curriculum. Time Management Balancing school, extracurricular activities, and tutoring sessions can lead to a packed schedule, potentially affecting the student’s overall well-being. Conclusion Investing in private tutoring is a significant decision that requires careful consideration. Parents should assess their child’s specific needs, learning style, and goals before opting for private tutelage. It’s essential to research potential tutors thoroughly, considering their qualifications, teaching approach, and compatibility with the student. While private tutoring can provide numerous benefits, it’s equally important to strike a balance and avoid overwhelming the student. Encouraging them to take ownership of their learning journey while leveraging the support of a tutor can lead to a more well-rounded educational experience. In conclusion, the private tutoring industry in Australia offers a valuable solution for parents seeking to provide their children with personalised support and academic advancement. While there are both advantages and disadvantages to hiring a private tutor, a

Property ownership is a significant investment; what if it becomes necessary to renovate or rebuild? Some property experts say that to consider a knockdown and rebuild (KDR) requires a bit of due diligence. For starters, you must consult your local council’s construction planning laws to verify the status of your property. If the place has any historic significance and is properly listed on a register, it cannot be torn down and only a renovation may be carried out. A sewer/drainage plan listed in the original purchase contract for the property, plus council records, may also determine its age.  A council evaluation of your property’s block will also add more information. For instance, knockdowns and rebuilds of houses on flat blocks are easier to accomplish than those on sloped blocks. If there’s vegetation or trees that must be displaced for the project, that will require a separate permit, in addition to contractor fees for tree removal. Account for the property’s boundaries and other factors such as orientation when planning your chosen project with a contractor.    Your due diligence for either a renovation or rebuilding must account for the market conditions in your area to determine the average property value; associated information for this can be gleaned through a property agent who is licensed to operate in the area. If for example, your existing suburb has lower property values, a renovation of modest value may be an attractive option. If you are planning to renovate or rebuild, the following are some points to consider. Renovation Pros A home renovation can increase the property value, especially in the case of the kitchen and bathroom, which several property appraisers attest as reaping the most value for the place. Renovating the property gives you a chance to style it according to your preferences, given much thought in the interior design. The property can also deserve an upgrade in aesthetics. A renovation may work when you’re looking for lifestyle changes, such as downsizing or your family is growing in size. If the budget is properly managed and the project is completed on schedule, the final cost may be cheaper than buying a new property. Some studies estimate the average cost of a property renovation in Australia to range between $2,500 per square metre to as high as $4,000.  Cons The biggest setback to a renovation is the danger of overcapitalising. In this sense, you may spend a lot more money on the project, but a subsequent assessment reveals that the property value may not change – at worst, it may even go down. If you spent too much money on a renovation, some experts contend that it may help render the property unattractive to buyers. For example, a house with a one-of-a-kind renovated bathroom or kitchen made for a high cost might clash with the other areas of the property, let alone other houses in your neighbourhood.  For health and safety purposes, you may be forced to live elsewhere for the duration of the project, whether to move in with relatives or settle in a rental property. If you know some friends who also had their entire properties renovated, they may suggest the same thing, as sawdust or paint fumes are health hazards. Depending on the project timetable, you need to properly manage the assignment of tradespeople. Rebuild Pros A knockdown and rebuild project is often seen as a chance to start over on the property, especially if the existing house has been evaluated and determined that it is structurally unsound, due to factors such as age and condition. Given the possibly decrepit shape of the property, a full rebuild may save you time and money that would have been otherwise spent on a potentially unsuccessful renovation. It may also give you the opportunity to have the resultant house designed according to your specifications, even more if you closely consult with a noted architect and contractor on the project. In an age of environmental sustainability, a KDR property built with modern, “green” materials may be attractive to property investors looking for more comfortable living.  Building a new house on the lot can help bring up the property resale value. It may also ease up your maintenance expenses; some homeowners who now live in rebuilt properties claim they had a smoother time with maintenance as opposed to tedious work in their original properties.  For certain people, knocking down a property can be seen as a way to remove unpleasant memories, with the demolition of Jenny Curran’s old house depicted in the classic movie Forrest Gump as a sad example. On a bright side, some families consider KDRs as a way to reaffirm their ties to the local community, even more if they have lived in the area for years and have no plans to resettle elsewhere.  Cons A knockdown and rebuild can only be successful if the architect and homebuilder overseeing the project is of impeccable reputation and strong workmanship. A verified Master Builders licence in your state or territory is also critical; the absence of which may reflect in the final output of the project.  Any knockdown/build-up project should have the final approval of your local council. However, building up the documentation and submitting it to the council for clearance may take some time. A reputable homebuilder may help you navigate the process.  If you have committed to a knockdown and rebuild, one consequence of it is you have to resettle elsewhere, such as renting another property or to ask friends or family to take you in for the meantime. You must also plan to keep revisiting the property to check on the progress. Knockdown and rebuilds are usually known to be carried out between eight months to a year, so map out your timetable accordingly. Conclusion Whether you want to pursue a renovation or to start something new, the end result will be worth it. All you need is thorough funding and preparation.

Graduation may be the ultimate achievement of a desire to learn, and many students face the exciting yet daunting task of entering the job market. Choosing the right tertiary education or university course can significantly impact your career prospects in Australia. To increase the likelihood of finding a rewarding job after graduation, it’s crucial to consider courses that align with the country’s in-demand industries and sectors. In this blog post, we will explore ten notable college/university courses in Australia that offer optimal job employment prospects and their relevance to the economy. Nursing and Healthcare Australia’s ageing population and rising healthcare requirements have led to a continuous increase in demand for qualified healthcare professionals, particularly nurses. According to a 2021 dissertation by Dr. Ylona Chun Tie of James Cook University, there are currently over 400,000 nurses practising in Australia. Pursuing a degree in nursing or healthcare-related fields not only provides excellent job prospects but also plays a crucial role in supporting the country’s healthcare system. Similarly, Australian-educated nurses who choose to work domestically can compete effectively with immigrant nurses from countries such as the Philippines, the UK, and, surprisingly, New Zealand. RNZ reported instances where foreign-born nurses utilised their New Zealand licences as a pathway to employment in Australia. Information Technology (IT) The digital revolution has led to a surge in the demand for information technology (IT) professionals across various industries. IT graduates with skills in areas like software development, cybersecurity, data analysis, and artificial intelligence are highly sought after by employers in Australia. These professionals drive innovation and technological advancements, making them vital to the country’s economy. A report collated by The Australian warned that Australia will need up to one million workers with new digital skills over the next three years, as some current IT courses might be obsolete by then. At the same time, a joint report by the Tech Council of Australia, LinkedIn and Microsoft postulated that Aussie IT graduates may have a chance to further build up their skills and possibly arrest brain drain if they were able to work at American tech companies operating in Australia.  Engineering Australia’s infrastructure development and the need for sustainable solutions create a strong demand for engineers. Specialisations in civil, mechanical, electrical, and environmental engineering are particularly relevant as they contribute to the growth and progress of the nation’s infrastructure and industries. However, a significant challenge lies in training an adequate number of engineering graduates to address skill shortages. Dr. Maryam Raji from the University of Melbourne emphasised the importance of fostering stronger connections between students and the engineering profession. She cited a report by Engineers Australia which highlighted dwindling numbers of engineers across various disciplines. Data Science and Analytics The abundance of data generated in today’s world has led to a rising need for data scientists and analysts. These professionals are instrumental in deriving insights from data, enabling informed decision-making and improving business efficiency in a data-driven economy like Australia. One such example of data science graduates landing secure employment is CBA, which took in 75 data scientists who joined the bank’s technology graduate programme, and is now developing some of them to be “Grandmasters,” the most elite data science professionals using the Kaggle data science platform.  Education The education sector continues to provide consistent employment opportunities in Australia. Pursuing a career in education, whether as a teacher, lecturer, or education administrator, contributes to shaping future generations and supporting the country’s academic growth. That may be true as a Department of Education report from September 2023 recorded at least 3,000 of 9,000 various university teaching roles were filled as part of post-pandemic recovery efforts for the academe. Environmental Science and Sustainability As Australia places increasing emphasis on environmental conservation and sustainability, professionals in this field are highly valued. Graduates with expertise in environmental science, conservation biology, and sustainable development are crucial for preserving the country’s unique ecosystems and lowering its ecological footprint. Accounting and Finance The financial sector is a cornerstone of Australia’s economy. Graduates with qualifications in accounting, finance, or economics are in high demand in various industries, including banking, investment, and corporate finance. However, recent data suggests that the accounting profession is facing challenges in the economy. The Federal Treasury’s Working Future white paper from September 2023 lamented that 80 per cent of accountants who migrate to Australia ended up working in other industries instead due to skills alignment issues. Jobs and Skills Australia published a skills shortage list in October 2023 that identified tax accountants as one of 66 occupations that had a shortage in 2023 when they were plentiful in 2022.  Construction Management Australia’s robust construction industry needs skilled professionals to manage projects efficiently and sustainably. Graduates in construction management play a vital role in ensuring the successful execution of infrastructure and property development projects. A Study International report pegged construction manager openings to go up eight percent by 2031, with top Australian universities like UNSW and UniMelbourne offering Masters in Construction Management courses. Digital Marketing and Communications With the growth of online platforms and e-commerce, digital marketing and communications professionals are essential for businesses to thrive in the digital era. Graduates in this field help companies reach their target audiences and increase brand visibility in the highly competitive market. Renewable Energy and Engineering As Australia transitions towards renewable energy sources, professionals in renewable energy engineering and technology are in high demand. Graduates in this field contribute to reducing the country’s carbon footprint and achieving sustainability goals. Conclusion Selecting a tertiary education or university course with optimal job employment prospects is crucial for starting a successful career in Australia. Courses in nursing and healthcare, information technology, engineering, data science and analytics, education, environmental science, accounting and finance, construction management, digital marketing and communications, and renewable energy and engineering are notably in demand. These courses align with Australia’s evolving economic landscape, providing graduates with excellent career opportunities while making meaningful contributions to the nation’s development and progress.  By choosing wisely, graduates can embark on a rewarding

Property auctions are a common and often fast-paced way to purchase real estate in Australia. For both experienced investors and first-time homebuyers, successfully bidding on a property at auction can be a challenging yet rewarding endeavour. In this article, we will explore valuable tips to help you increase your chances of winning the bid at your next Australian property auction. How to Win at Property Auctions Here are some cardinal steps to ensure you have a fighting chance to win your dream property. Do Your Homework Before you even think about raising your paddle at an auction, it’s essential to research the property thoroughly. Understand the local market conditions, the property’s history, and its estimated value. This knowledge will help you set a realistic budget and avoid overbidding. Before you ever register to attend, check your state or territory laws on auction registrations.    Set a Budget and Stick to It Auctions can be emotionally-charged events, and it’s easy to get caught up in the excitement of the bidding process. To prevent overstretching your finances, set a firm budget before attending the auction and stick to it; you may have to limit how many times to place a realistic bid in any auction – and stop if somebody trumps your last bid. This will help you avoid financial stress in the long run plus the spectre of a bidding war.  In this regard, overbidding is a nightmare scenario no Aussie property bidder wants to get caught in. Mozo’s Evlin DuBose stated that you will breach the sale contract if you won but could not pay the deposit then and there. They can even keep your deposit if you paid in full on the spot but did not have financing ready. Worse, your ties with the agent and a lender may be soured, and lead to you being possibly red flagged from bidding in future auctions.    Get Pre-Approval for Financing To demonstrate your seriousness as a buyer, obtain pre-approval for your mortgage or financing. Pre-approval not only provides you with a clear budget but also makes you a more attractive candidate to sellers. Attend Other Auctions as Practice If you’re new to property auctions, consider attending a few as a spectator to get a feel for the process. Observing how auctions unfold and understanding bidding dynamics can boost your confidence when it’s time to bid on your desired property. Even if you see some familiar faces on the ground, Seb James of the Hunter James agency recommends not approaching anybody to feel out their game plan; you may need a vantage point to monitor everybody for possible tells. Apollo Auctions director Justin Nickerson added that an attendee might not bid anymore if they simply stopped raising paddles. Arrive Early and Inspect Thoroughly Arriving early allows you to inspect the property one last time and ensure you’re still interested in it. Pay attention to any last-minute changes or disclosures made by the auctioneer, as this information can be crucial. Engage an Experienced Buyer’s Agent Consider hiring a buyer’s agent, especially if you’re new to the property market or auctions. A skilled agent can provide invaluable advice, handle negotiations on your behalf, and increase your chances of success. In discussions with the Australian Financial Review’s Lucy Dean, Sydney buyer’s agent Kellie Landrey said a buyer attending an auction should talk with the presiding agent and discuss how many people are coming there and which of them have ever downloaded building reports and strata materials. Such queries and analyses may hint to the agent you are serious about bidding.  Bid with Confidence When it’s time to bid, do so confidently. Don’t be timid or hesitate, as this can make you appear less competitive. However, avoid getting caught in a rapid-fire bidding war; stick to your budget and bid strategically. In a number of cases, your attire may carry that confidence – property agent Greg Brydon of Ray White Cheltenham said to the Herald Sun’s Nathan Mawby that a power suit or a classy shirt may tip to other bidders that you have funds to consider making a substantial offer.  Use Odd Numbers for Bidding In many cultures, even numbers save number 8 are associated with bad luck. Using odd numbers for your bids can make you appear more determined and can sometimes catch your competitors off guard.  Understand the Vendor’s Terms Familiarise yourself with the vendor’s terms and conditions for the auction. This includes any specific payment requirements, settlement dates, and any potential contingencies. Being well-prepared will help you make informed decisions during the bidding process. Stay Calm and Avoid Emotional Bidding Perhaps the most crucial tip of all is to stay calm and composed. Emotions can lead to irrational decisions and overbidding. If the bidding surpasses your budget, have the discipline to walk away. There will always be other opportunities in the property market. Why Buy Property at Auction? Investing in Australian properties through auctions offers several advantages. Auctions are transparent processes where you can see competing bids in real-time. The presiding agent may also keep their distance from the bidders to ensure everybody is heard and nobody will make sly offers. This transparency ensures fairness and allows you to make informed decisions. Auctions typically have a fixed timeframe, which means you can secure a property quickly without the prolonged negotiation process often associated with private sales. In many cases,  Aussie house hunters might be spared the long drives around a neighbourhood probing for properties with “FOR SALE” signs by simply getting wind of auctions to register. Bidding at auction can sometimes lead to acquiring a property at a more competitive price compared to a negotiated sale. When you win at auction, the sale is generally unconditional, reducing the likelihood of a seller pulling out of the deal. It is still important that you have enough money to make the deposit on the spot with the pre-approval finance in place. Auctions feature a diverse range of properties, from residential homes to commercial real estate,