Budgeting

Re-evaluating expenses like haircare can help manage budgets effectively without sacrificing style or self-care. In the pursuit of financial security and effective financial management, reevaluating expenses becomes a crucial practice. Among these expenses, non-essential needs like haircare often present opportunities to cut back without compromising on quality. In Australia, where financial stability is a priority for many, exploring ways to manage haircare budgets without sacrificing style or self-care is an essential part of financial planning. Market Overview of Hair Care in Australia Before we go down to the way of budgeting haircare, let’s first examine the scope of Australia’s hair care industry. Consumer Spending Habits In recent years, Australians have increasingly prioritised personal grooming and self-expression, leading to substantial spending within the hair care industry. A Mordor Intelligence report earlier this year estimated the haircare market size in Australia at $1.84 billion as of 2023, with projections to grow to as much as $2.15 billion by 2028.   Salon Services and Treatments Salons and hair care establishments play a pivotal role in the industry. Australians frequent these establishments not only for routine haircuts but also for specialised services like colouring, treatments, and styling. The industry has witnessed a growing demand for diverse hair treatments, including keratin treatments, hair extensions, and customised styling services, indicating a willingness among consumers to invest in their hair’s health and appearance. Shifts in Consumer Preferences Consumer preferences within the hair care industry have witnessed noticeable shifts. The rise of eco-consciousness and the demand for sustainable, cruelty-free, and natural hair care products have influenced purchasing decisions. Australian consumers increasingly favour products that align with their ethical and environmental values, thereby driving the market toward more sustainable offerings. Impact of the Pandemic The COVID-19 pandemic significantly impacted the hair care industry, as it did many others globally. Salon closures, restrictions on non-essential services, and shifts in consumer behaviour towards DIY solutions at home affected the industry’s revenue streams. The team at salon business management software company Kitomba reported that during the third wave of infections in Q3 2021, hair salons in Australia saw their average revenues drop 36 per cent from the previous quarter to just above $80k, the lowest since the estimated $95k recorded in February 2020.  However, as restrictions eased, there was a resurgence in demand for salon services, indicating the resilience of the market. Industry Statistics and Trends Market Size and Growth The haircare industry in Australia continues to exhibit resilience and growth. Market reports indicate a steady increase in the overall market size, with forecasts projecting continued expansion over the coming years. The market’s growth is fueled by factors such as innovation in product formulations, technological advancements, and evolving consumer preferences. Product Segmentation The market encompasses a wide array of products, including shampoos, conditioners, hair styling products, treatments, and accessories. Notably, specialised products catering to specific hair concerns—such as products for curly hair, anti-frizz solutions, and products addressing hair loss—are gaining traction among consumers seeking tailored solutions. Digital Transformation The digital landscape has also played a pivotal role in the industry’s evolution. Online retail platforms, social media, and e-commerce have transformed the way consumers discover, research, and purchase hair care products. Brands leverage digital marketing strategies and influencer collaborations to engage with their target audience and drive sales. Competitive Landscape The Australian hair care market is competitive, with both established brands and newer entrants vying for consumer attention. Brand loyalty, product efficacy, and pricing strategies are crucial factors influencing consumer choices. Understanding Hair Management as an Expense Haircare, while often deemed a vanity expense, is a significant part of self-care routines. From salon treatments to purchasing products, the costs associated with maintaining healthy and stylish hair can add up. However, there are practical strategies that can help trim down these expenses without compromising on your hair’s health and appearance. Money-Saving Tips for Haircare in Australia DIY Hair Treatments Experimenting with DIY hair masks using natural ingredients like coconut oil, avocado, or honey can be an effective and cost-efficient way to nourish your hair at home. Opt for Budget-Friendly Products Explore affordable yet quality haircare products available in Australia. Many brands offer shampoos, conditioners, and styling products that deliver excellent results without breaking the bank. You may have to be cautious with what to choose – in discussions with the team at Fun Cheap for Free, a licensed cosmetologist ruled out using “drugstore-brand” shampoo or conditioners as some of them have pH levels high enough they can be used for perming, and they can contain harsh chemicals that actually dry your hair.    Embrace Minimalism in Salon Visits Rather than frequent salon trips, consider extending the time between haircuts or colouring appointments. Opt for low-maintenance hairstyles that require less frequent professional attention. Wellness coach Kalyn Brooke said a longer interval between appointments may be possible by extending the time between haircuts to six months as opposed to six or eight weeks, even if you really need to reduce split ends.   Look for Student or New Stylist Discounts Many salons offer discounts for students or introductory rates for new stylists. Take advantage of these offers while still getting professional services at a lower cost. Subscription Services Consider subscription services for hair care products. Some companies offer discounted rates for regular deliveries, saving both time and money on purchasing products individually. Invest in Quality Tools Investing in high-quality hair tools, such as a durable hair dryer or a good quality hair straightener, can save money in the long run by reducing the need for frequent replacements. DIY Styling at Home Learn simple styling techniques through online tutorials and practice doing your hair at home for everyday looks, reducing the need for frequent salon styling appointments. Timing Matters for Sales and Promotions Keep an eye out for sales and promotions on haircare products or salon services. Timing your purchases during these periods can help you save significantly on your haircare expenses. Swap Services with Friends Consider swapping skills with friends or family. If you have expertise in another area,

With planning and effort, you can garden on a budget while adding beauty and value to your home. Gardening is a great hobby for many Australians, and a well-maintained garden can add beauty and value to a home. However, keeping a garden in top condition requires a significant amount of time and money. The good news is that with a little planning and effort, it is possible to maintain a garden on a budget. In this article, we will provide tips for managing the budget for garden maintenance and help you make the most of your gardening dollars. Assessment The first step in budgeting for garden maintenance is to assess the size and type of garden you have. Consider factors such as the number of plants, trees, and flowers, as well as the type of soil and climate. This will help you determine the resources you will need, such as water, fertilisers, and tools, to keep your garden healthy and beautiful.  Set a Budget Once you have assessed your garden, set a budget for maintaining it. This should take into account all of the costs associated with garden maintenance, including soil, seeds, plants, tools, water, fertiliser, and labour. Consider setting aside a portion of your budget for unexpected expenses, such as repairs or replacement tools. Spending priority When it comes to garden maintenance, it is important to prioritise your spending. Focus on the most important aspects of your garden first, such as watering, fertilising, and pruning. These tasks will keep your plants healthy and will ensure that they continue to grow and produce flowers. Save on Tools and Supplies Tools and supplies are among the biggest garden maintenance expenses you can incur. To save money, consider purchasing used or refurbished tools and supplies, or look for deals and discounts at local gardening stores. Additionally, consider investing in durable, high-quality tools that will last for many years instead of cheaper tools that might break after short use. Going DIY Performing the garden maintenance yourself can save you a significant amount of money. Simple tasks such as watering, pruning, and applying fertiliser can be done easily and quickly, without the need for a professional gardening service. With a little effort and practice, you can become an expert at budget gardening.  Think of this scenario: your garden needs a lot of mowing and you have ample time to get it done. According to our friends at HiPages, the national average for lawn mowing fees per-hour range from $60 to at least $120 for a professional lawnmower using the larger, ride-on units. Considering that a lawn mowing job lasts between two to six hours depending on the size of the garden property and the amount of grass growing, the money spent on hiring a specialist can be redirected for other matters. What about the grass clippings? They can be repurposed as mulch or sent to your council’s green-bin waste removal service.    Friends and Loved Ones Another way to save money on garden maintenance is to get help from friends and family. Enlist the help of family members and friends who enjoy gardening or who have a green thumb. This can be a fun and social way to maintain your garden and reduce your costs. If you have neighbours who also tend their own gardens, the team at Jim’s Mowing suggest asking them for cuttings from their own plants so you can plant them in your own pots. Some plant specialists agree that planting existing cuttings reduces the growing time than seeing a plant grow from a seed.   Reuse and Recycle Reusing and recycling is a great way to save money on your garden budget. For example, you can reuse old containers for seedlings, or use compost to fertilise your garden. Additionally, consider planting drought-tolerant plants that require less water and maintenance. Get Creative  Finally, get creative with your garden design. Consider using low-maintenance plants and hardscape elements, such as rocks and stones, to add interest to your garden without the need for costly maintenance. Additionally, consider planting native plants that are well-suited to the Australian climate and require less care and resources. Conclusion Maintaining a garden can be expensive, but with a little effort and planning, it is possible to do it on a budget. Consider assessing your garden, setting a budget, prioritising your spending, and doing as much of the maintenance yourself as possible. Get creative with your garden design and consider using low-maintenance plants and hardscape elements, and don’t be afraid to get help from friends and family. By following these tips, you can enjoy a beautiful garden that looks wonderful whether viewed from inside the house from the curb. DISCLAIMER: 2 Ezi has no working relationships with any service providers mentioned in this article.

Investment opportunities abound for those with disposable income. Loved ones may suggest ventures for future growth, but key lessons in wealth-building remain vital. People with any amount of disposable income may have some ideas of where to spend it. Some loved ones could suggest investing it in a venture of sorts to let that money grow for the future. While it may be notable to build more wealth through various legitimate avenues, there are still cardinal lessons to take to heart.  Long-term mapping Investment is often seen as a long-term plan, especially when you have some financial goals you want to achieve after a set period of time, such as capital for a future business but want to grow the money first. Before taking the leap, try listing your net wealth and identify if you have any spare cash that can be used for your prospective investment.  Cyclicals  Investment markets are known to work in cycles. There will be some good points and bad times depending on how a business progresses and the industry changes around  them. Some cycles may even go into term periods, from three years to as long as 20 years. Intelligence collection A strong amount of background research is critical to learning whether the investment would be beneficial to you or become a money pit. In line with this, you have to find out elements such as how the business operates, the source of its funding, the nature of the cash flow and the level of dividends. Any investment agreements should have properly defined fact sheets, product disclosure statements, and target market determinations; if they are unclear to you, have a friend skilled in investment businesses, an ASIC-accredited finance advisor or a corporate solicitor explain them to you. Take any sales talk at face value and dig deeper. Stay the course with the superannuation Every Aussie knows that part of their paycheck goes to the superannuation account. Your chosen super provider will have a set of investment options and associated fees to learn. However, do not attempt to withdraw anything from the super account just to invest in other areas, as it might derail your retirement plans down the road. The ATO also has a set of conditions where early withdrawal may be possible subject to tax.  Ignoring doom and gloom The events of the past three years often lend to some wild and maybe insane predictions of the future leading to certain investments being touted. You must calmly approach these offers of new investments and dismiss any pessimistic stories attached to them. The same thing is also true in apparently superlative statements with “great” as an adjective, which gives you more reason to doubt.  Dealing with the taxman  Even the tax authorities can get a slice from your investments. Your tax return should always include variables such as rent, interest, dividends and capital gains from assets including property and shares. They will show how much you paid for an asset and how much you sold it for whether at a loss or a profit. All records of tax returns must be preserved for five years.  Complacency kills Even when your investment portfolio is doing ok, that’s not a reason to rest on laurels, as anything can still happen. If you want to make some changes to your portfolio, find a basis in what’s going on in the market then act accordingly. Some investment specialists say that short-term goals can be a tricky fish to catch. Diversifying Ask any prominent venture capital investor about how their success story came to be and they may have a common thread – they diversified their investments. Simply put, diversifying is spreading out your investment portfolio across various products and industries you are interested in. Each of those investments will have their own risk factors. That way, if one asset has some losses, not all of your money will be lost. Learning compound interest Some investment professionals may underline going for ventures that offer compound interest, which means any small investment may have the potential to build up value over time. Residential property may be a classic example of investments building up in value long-term; Australian Bureau of Statistics (ABS) and Real Estate Institute of Australia (REIA) for example, notes an 11 per cent per annum increase in value starting from the early 20th century.  Not just cash only Do not just focus on cash-based investments such as savings accounts and term deposits. Some experts say that while they are notably secure investments, they offer very low annual interest rates and are vulnerable to inflation, the worst case of which is the hyperinflation in Germany during the Weimar Republic. Risk and return  Every investment can be gambling – they carry a certain level of risk and potential returns. Some investment experts peg that in terms of risk versus return, cash and bank deposits carry the lowest risk and meager return. On the other side of the spectrum, private capital assets and equities carry the most risk but bigger returns if things turn out well or the investor knows the best way to manage them. One example of risk and return is the digital payment sector. Although such methods were not given much attention for most of the previous decade, the pandemic increased the impetus as people sought more convenient ways to pay for their needs without compromising other people. This in turn led to reduced dependence on hard cash for certain societies. The World Bank’s Global Findex 2021 report, in particular, identified 57 per cent of people in developing economies using digital payments, compared to 35 per cent in 2014.      It is worth it to save money for the future and build up on that wealth. You will also lose much stress that usually comes with wondering where to get the money for all your needs. DISCLAIMER: This article is for informational purposes only and not meant to be official financial advice.

For new graduates, finishing college or university is a thrilling milestone, signifying the start of a new chapter in their life. As you step into the professional world, it’s important to arm yourself with essential financial knowledge. This blog post offers valuable finance tips specifically tailored for new graduates. Create a Budget One of the first steps towards financial stability is creating a budget. Start by identifying your monthly income, including your salary and any additional income sources. Then, list all your necessary expenses such as rent, utilities, groceries, and transportation. If you have a job waiting for you after graduation and can draw an income early on, you can allocate part of the net pay to savings and a discretionary fund. By tracking your expenses and sticking to a budget, you can effectively manage your finances and avoid unnecessary debt. Manage Student Loans Many fresh graduates carry the burden of student loans – and in Australia, that mostly falls under the federal government’s HECS-HELP assistance programme. The government estimated that at the end of 2023 financial year, Australian university graduates owed as much as $78 billion – but a recent clerical error in the records resulted in the debts of 13,748 students from 104 higher education institutions being fully written off, equivalent to $5.4m.   If you still have student loans to settle, understand the terms and conditions of your loans, including interest rates, repayment plans, and grace periods. Develop a repayment strategy by making consistent payments to avoid defaulting on your loans. Explore options such as income-driven repayment plans or refinancing to ease the financial strain. Build an Emergency Fund Creating an emergency fund is essential for unexpected expenses or job loss. Some financial experts claim that a general rule of this is to save up money to cover six months’ worth of living expenses, with any money left over from settling all important matters automatically set for the kitty. Consider opening a separate savings account to keep your emergency fund separate from your regular spending. Understand Taxes Familiarise yourself with the basics of taxation, including income tax brackets, deductions, and credits. Ensure you comply with Australian Taxation Office (ATO) regulations by accurately reporting your income and claiming eligible deductions. A licensed tax agent can get you started with the mechanics of declaring the returns.  Start Investing Early Take advantage of the power of compound interest by starting to invest early. Consider opening a retirement account such as a superannuation fund. Contribute regularly and explore different investment options based on your risk tolerance.  A financial advisor may be critical if you are looking to make informed investment decisions early in adulthood; Findex investment relations chief Matthew Swieconeck said an alum’s parents can also be good investment advisers if they have had ample experience in the field and have built a nest egg for themselves. Under current super rules, regardless of how much your monthly pay is, your employer must still contribute part of your pay to your superannuation account, as the ATO is ramping up efforts to recover unpaid supers.  Live Within Your Means Avoid the temptation of overspending to keep up with others or indulging in unnecessary luxuries. Prioritise needs over wants and focus on building financial stability. Distinguish between essential and discretionary expenses, and make conscious choices about where to allocate your money. Remember that long-term financial security is more important than short-term gratification. Build Credit Responsibly Establishing a good credit history is crucial for future financial endeavours. One way to build good credit is to apply for a credit card with a small credit limit and learn to use it responsibly – some young adults, though might advise against applying for one as it may be akin to “financial suicide” if the swipes were not under control. Pay your bills on time and in full each month to avoid interest charges. Monitor your credit report regularly to ensure its accuracy and dispute any errors promptly. Responsible credit card usage can help you qualify for loans, mortgages, and lower interest rates in the future. Remember though that if you are still paying off any student loans, they may reflect in your credit card application. Continuously Educate Yourself Financial literacy is an ongoing process. Stay updated on financial news, trends, and investment strategies. Read books, attend workshops, or take online courses to enhance your financial knowledge and make informed decisions. Being well-informed will empower you to navigate the ever-changing financial landscape confidently. Track Your Expenses Keeping track of your expenses is crucial for understanding where your money is going, which can be possible with special budgeting apps or spreadsheet programs. Categorise your expenses and identify areas where you can cut back – the extra money you save may be reprogrammed for other vital matters such as paying off debts or utilities at home. By analysing your spending patterns, you can make necessary adjustments to align your expenses with your financial goals. Minimise Debt Avoid accumulating unnecessary debt and work towards paying off existing debts as soon as possible. Prioritise high-interest debts, such as credit card balances, and develop a repayment strategy, including possible debt consolidations or negotiating with creditors. Minimising debt early on will provide you with more financial flexibility in the future. Save for Retirement Some of your peers or older relatives may advise you to start preparing for retirement while still young – that wisdom may actually be correct. Take advantage of employer-sponsored superannuation funds, and research on potential options to transfer super providers in case you change employers. The power of compounding over several decades can significantly grow your retirement savings. Insurance Coverage Take out an insurance policy for yourself and your assets. Consider health insurance, car insurance, renter’s or homeowner’s insurance, and disability insurance. Research different providers to find the most suitable coverage options for your needs. Insurance will help you financially prepare for unexpected events and can provide a safety net during difficult times. Networking Building a strong professional network can open doors

Managing the inheritance is one of the most critical aspects of managing your wealth and finances. Inheritance is a substantial amount of money or assets that you receive from a loved one who has passed away. It is a testament to their love and care for you and their hope that the money or assets will be put to good use. Inheritance is an emotional issue that can often cause conflicts within families, but it is crucial to deal with it in a manner that is both fair and respectful to all parties involved. This article will discuss the importance of managing your inheritance and the various tax implications that you need to consider in Australia. Why Manage Inheritance? The first step in managing your inheritance is to ensure that the process is carried out smoothly. If you are the executor of the estate, it is essential to understand your legal responsibilities and obligations. This includes ensuring that all debts and taxes are paid, and that the assets are distributed to the correct beneficiaries. Managing an inheritance can also help you to maintain your financial stability and independence. By properly investing the money or assets, you can secure your financial future and ensure that you are able to live the life that you want, and also ensure that the inheritance lasts for generations to come. Inheritance Tax In Australia, the government abolished federal estate duties in 1979, and eliminated estate duty at the state/territorial level by 1982. However, there are still some tax implications that you need to consider when managing your inheritance. One of the most important tax considerations is capital gains tax (CGT). Capital gains tax is a tax on the increase in value of an asset that you have held for more than 12 months. This tax applies to assets such as real estate, shares, and other investments. Inherited assets are exempt from CGT if the deceased held the asset for more than 12 months before their death. However, if the asset was held for less than 12 months, CGT will be calculated based on the market value of the asset at the time of death. Income tax is another important consideration when managing your inheritance. If you receive income from the inheritance, such as rent from a property or dividends from shares, you will need to pay the associated tax. It is important to note that the ATO has tax implications for different types of assets, especially for deceased estates, so it is essential that you have a registered tax agent with the ATO helping you assess the amount of tax to be paid. Using the inheritance Financial advisors are sometimes the first to be approached by inheritance beneficiaries, as loved ones could invite some unwanted scrutiny. Depending on the level of discussions, many advisors counsel using the inheritance in a number of ways. Settling arrears It goes without saying that when people receive a large inheritance, they may use it to pay off all their outstanding debts. This is especially beneficial for settling high-interest debts and credit card balances (and possibly avoiding their use in the foreseeable future). Do you want to have some of your inheritance to aid in refinancing your mortgage and pay off your house many years ahead? It’s very tempting, but anything is possible! Superannuation You can programme part of the inheritance to your superannuation account. However, while there are no taxation issues with adding to the super aside from marginal CGT rates, the ATO mandates the maximum limit you can put in every fiscal year to avoid contribution cap charges. Trust fund A part of your inheritance can be put into a trust fund, with a purpose you must properly define. Some advisors can recommend using that trust fund for an investment portfolio, which may bring up dividends depending on market conditions. If you intend to set up a trust fund for your children’s future, a good tip is to mandate that the children cannot access the account until they reach adulthood and have demonstrated competence with handling money. Philanthropy What if the advice you got leaned on putting some inheritance for a charity? If you take out some cash and donate it to a charity organisation, you must research whether that organisation is on the ABN’s list of deductible gift recipients (DGR). The ATO allows charity cash donations as tax-deductible provided the DGR meets certain conditions listed here. A finance app such as 2 Ezi may be a valuable ally to aid your inheritance management. The app’s budget manager allows you to keep track of all your bank balances and assets while giving you the space to plan your financial goals, especially when you are angling your inheritance for a future endeavour. Conclusion Learning to fully manage your inheritance is an essential aspect of managing your wealth and finances. It is a way to ensure that your financial future is secure and that you are able to live the life that you want. Inheritance can generate various issues among a deceased’s surviving family, a fair resolution can ease the path going forward.  DISCLAIMER: This article is for informational purposes only and is not meant as official probate/estate planning advice. 2 Ezi has no relations with any estate planning service or tax agent. Please consult your estate solicitor and tax agent.

Starting a new job is a significant milestone in anyone’s life. Whether you’re fresh out of college, switching careers, or stepping into a new role within the same industry, the first week at a new job can be both exciting and daunting. The key to surviving and thriving in your first week is preparation, adaptability, and a positive attitude. Here’s a comprehensive guide to help you navigate this crucial period with confidence. Preparation is Key Before you even step into your new workplace, preparation begins. Here are some essential steps to take: Research the Company Understanding the company’s culture, values, and mission is crucial. Review the company’s website, social media profiles, and any recent news articles. This will give you a sense of the company’s direction and priorities, helping you align your goals and actions accordingly. Understand Your Role Revisit the job description and any notes from your interviews. Clarify your responsibilities and expectations. If possible, reach out to your new manager or HR for any additional resources or reading materials that could help you understand your role better. Plan Your Commute Whether you’re driving, taking public transport, or walking, plan your route to ensure you arrive on time. Consider doing a test run if you’re unfamiliar with the area. Being late on your first day can start things off on the wrong foot. First Impressions Matter The first impression you make on your colleagues and superiors can set the tone for your tenure at the company. Here’s how to make a positive impact: Dress Appropriately Dressing appropriately for your new workplace shows respect and professionalism. If you’re unsure about the dress code, it’s better to be slightly overdressed on your first day. You can always adjust your attire once you get a feel for the office environment. Arrive Early Aim to arrive at least 15 minutes early. This shows punctuality and enthusiasm. It also gives you some buffer time in case of unforeseen delays. Be Polite and Friendly Introduce yourself to your new colleagues with a smile. A positive attitude can go a long way in building rapport. Remember to be respectful and courteous to everyone, regardless of their position. Navigating the Office Culture Understanding and adapting to the office culture is crucial for your success. Here are some tips to help you blend in smoothly: Observe and Learn Spend the first few days observing how things work. Notice the office dynamics, communication styles, and work habits of your colleagues. This will help you understand the unspoken rules and norms of the workplace. Ask Questions Don’t be afraid to ask questions. It’s better to seek clarification than to make mistakes. Most colleagues will appreciate your eagerness to learn and contribute effectively. Find a Mentor If possible, identify a colleague who can act as a mentor. This person can provide valuable insights into the company culture, offer advice, and help you navigate challenges. Building Relationships Building strong relationships with your colleagues is essential for a positive work experience. Here’s how to foster good connections: Be Approachable Make an effort to be approachable and open. Small gestures like greeting your colleagues, participating in team activities, and being available for casual conversations can help build camaraderie. Network Take advantage of networking opportunities within the company. Attend meetings, join workgroups, and participate in social events. Building a professional network can provide support and open doors for future opportunities. Show Appreciation Express gratitude for any help or support you receive. A simple thank-you note or verbal acknowledgment can go a long way in building goodwill. Managing Your Workload The first week can be overwhelming with a lot of new information and tasks. Here’s how to manage your workload effectively: Prioritise Tasks Work with your manager to prioritise your tasks. Understand which tasks are urgent and which can wait. This will help you manage your time effectively and avoid unnecessary stress. Set Realistic Goals Set achievable goals for your first week. Focus on completing smaller tasks and learning as much as possible. This will help you build confidence and momentum. Take Breaks Don’t forget to take breaks. Short breaks can help you stay focused and productive. Use this time to relax, recharge, and socialise with your colleagues. Embrace Continuous Learning The first week is just the beginning of your journey at the new job. Embrace a mindset of continuous learning and improvement: Seek Feedback Regularly seek feedback from your manager and colleagues. Constructive feedback can help you identify areas for improvement and grow in your role. Reflect and Adapt Take time to reflect on your experiences and adapt accordingly. Learn from your mistakes and celebrate your successes. This will help you continuously improve and excel in your role. Invest in Professional Development Take advantage of any training and development opportunities offered by the company. This could include workshops, online courses, or mentorship programs. Continuous learning will help you stay relevant and advance in your career. Maintaining a Work-Life Balance Starting a new job can be demanding, but it’s important to maintain a healthy work-life balance: Set Boundaries Establish clear boundaries between work and personal life. Communicate your availability to your manager and colleagues to avoid burnout. Practice Self-Care Take care of your physical and mental well-being. Make time for exercise, hobbies, and relaxation. A healthy mind and body will help you perform better at work. Seek Support Don’t hesitate to seek support from family, friends, or a professional if you’re feeling overwhelmed. Having a strong support system can help you navigate the challenges of a new job. Conclusion Surviving the first week of work is all about preparation, adaptability, and a positive mindset. By understanding your role, making a good first impression, adapting to the office culture, building relationships, managing your workload, embracing continuous learning, and maintaining a work-life balance, you can set yourself up for success in your new job. Remember, the first week is just the beginning. With the right approach, you can thrive and achieve great things in your new role. DISCLAIMER:

Travelling is an enriching experience, and what if you could not only explore Australia but also earn an income while doing so? In this article, we will delve into the various methods you can use to make money while travelling in Australia. Remote Work and Freelancing The labour situation generated by the pandemic opened up possibilities of engaging in remote working solutions and taking up other work opportunities to supplement the income. Digital Nomad Lifestyle Embrace the digital nomad lifestyle by working remotely while travelling. Many companies now offer flexible work options, allowing you to work from anywhere with an internet connection. Explore job opportunities in fields such as writing, graphic design, programming, virtual assistance, marketing, and consulting. Freelancing Platforms Join freelancing platforms such as Upwork, Freelancer, or Fiverr to offer your skills and services to a global client base. Build an engaging profile, highlight your portfolio, and actively seek out projects that match your skills and experience. Online Teaching and Tutoring If you have a knack for teaching, consider becoming an online tutor or English language instructor. Platforms like VIPKid, Teachable, and iTalki connect you with students worldwide, allowing you to teach and earn income while travelling. Blogging and Content Creation Blogs and various classes of audiovisual content have been made possible with strong internet connections, allowing online users to access volumes of material in a few clicks.  Travel Blogging Start a travel blog and document your adventures, experiences, and travel tips. Monetise your blog through affiliate marketing, sponsored content, advertising, and partnerships with travel brands. Build a loyal audience and create engaging content to attract advertisers and sponsors. YouTube and Vlogging YouTube’s video-sharing functions have invited opportunities to make video journals of any experiences. Through a dedicated channel, your videos can share stunning visuals, provide travel advice, and showcase local culture. As your channel grows, monetise your content through advertising, brand collaborations, and sponsored videos; YouTube allows for such via its Partner Programme, with certain ads placed at specific timestamps in the video. Social Media Influencing Leverage your social media presence to collaborate with brands and promote products or services related to travel. Develop a strong personal brand and engage with your audience; part of that engagement may include a chance for paid partnerships with tourism boards, hotels, and travel companies. One starting idea will be to book a stay with the accommodations provider like a regular customer and discuss the services and amenities. The management may be approached to collaborate as long as you demonstrate the financial capacity to pay for your stay (and prevent a repeat of the controversy that hounded a British beauty influencer’s attempt to book a stay with a certain Irish inn and pay for it with “shoutouts.”). In another aspect, if you were invited to a paid vacation with the accommodation provider, you must state in a disclaimer that you came in as a guest of the company. Hospitality and Tourism The chance to travel lends itself the space for cultural immersion and here are some notable ideas to make it happen: Work in Hospitality Seek employment opportunities in the hospitality industry, such as hotels, hostels, resorts, and restaurants. Positions like front desk staff, bartenders, servers, or tour guides are often available, especially in popular tourist destinations. House Sitting Offer your services as a house sitter, taking care of someone’s property and pets while they are away. House-sitting platforms like TrustedHousesitters connect homeowners with reliable sitters, allowing you to stay in unique locations for free while earning some income. Tour Guiding If you have in-depth knowledge of specific locations or attractions, consider becoming a tour guide. Join local tour companies or create your own guided tours, providing unique and personalised experiences for travellers. Creative Ventures Travelling can offer ways to be creative about the places you’ve gone to.  Photography and Stock Images If you have a passion for photography, sell your travel images through stock photography websites like Shutterstock or Adobe Stock. Alternatively, offer your photography services to individuals or businesses for events or marketing purposes; these may require some serious investment in gear, such as a good DSLR camera and premium photo editing software. Arts and Crafts If you have artistic skills, create and sell handmade crafts or artwork. Set up an online store on platforms like Etsy or participate in local markets and fairs to showcase and sell your creations. Performances and Busking If you have a talent for music, street performances, or entertaining, consider busking in popular tourist areas. Check local regulations and obtain necessary permits to perform legally while earning income through tips or CD sales. Work Exchanges and Volunteering Some travellers may want to contribute to their host destination. Work Exchanges Join work exchange programmes like Workaway or HelpX, where you can work a few hours a day in exchange for accommodation and meals. Engage in a variety of tasks, such as farming, gardening, hostel management, or eco-projects, while immersing yourself in the local culture and reducing your travel expenses. Volunteering Contribute your time and skills to meaningful projects or organisations as a volunteer. Help with conservation efforts, community development, or social initiatives. Volunteering not only allows you to give back but also provides opportunities to connect with local communities and gain unique experiences. World Wide Opportunities on Organic Farms The title refers to the World Wide Opportunities on Organic Farms community or WWOOF, where you can work on organic farms in exchange for accommodation, meals, and learning about sustainable farming practices. The Australian chapter, in particular, offers free meals and lodging in return for working four to six hours a day (maximum 38 hours a week). Monetised Travel Skills Travelling may be a side profession if done correctly, with some notable skills below: Travel Writing and Photography Submit your travel stories and photographs to travel magazines, websites, or blogs that pay for quality content. Develop your writing and photography skills to create compelling narratives and captivating visuals. Travel Consultancy Share your expertise and experiences by offering

With the rise of technology comes the rise of cybertheft. Australia’s banking industry faces significant risks. Learn how to secure your accounts. With the rise of technology, comes the rise of cybercrime. The banking industry in Australia is no exception to this, and it’s essential to be aware of the risks associated with online banking and how to better secure your accounts from hacking. The country has already had its ugly share of cyberattacks and data breaches in the past few years, with the most prevalent in recent times being hacks on The Guardian Australia, Optus, Woolies’ MyDeal, and ports operator DP World. Let’s explore the ways to defeat cybercriminals and protect your funds from cybertheft. What is Cybertheft? Cybertheft refers to the unauthorised access to and theft of sensitive information, such as bank account details, by individuals or groups through the use of the internet. Cybercriminals use various methods to gain access to sensitive information, such as phishing scams, malware, and hacking. Cybertheft can have devastating consequences, including the following. Loss of funds The most significant consequence of cybertheft is the loss of funds. Cybercriminals can drain your bank account, leaving you with nothing. In a case reported by 7News, a 56-year-old nurse in Melbourne was saddened to lose $200k in life savings after criminals wired $210 into her CommBank account and then called her up posing as a banker, asking her to wire it back. The criminals acquired enough details to get into the account and syphon the funds. Although the nurse was able to have the bank refund her money, it gave her a nasty experience and asked the public to closely monitor their accounts.  Identity crime Cybertheft can also result in identity crime, where the criminal uses your sensitive information to open new accounts, apply for loans, or make fraudulent purchases. The Australian Institute of Criminology looked at this problem further in its July 2023 evaluation of the Australian Cybercrime Survey 2022, which had 13,887 respondents. The data revealed that in the 12 months prior, 20 per cent of respondents confirmed instances of identity crime targeting them, with suspicious transactions detected in their bank accounts; a closer review of the origins pinned down the usage of names and credit/debit information, plus hacked devices, as the threat vector. Damaged reputation A data breach can harm your reputation and make it difficult for you to obtain loans, open new bank accounts, or even get a job. Make Your Bank Account Hack-Proof To better secure your bank account from hacking, it’s important to take a proactive approach. The following are some steps you can take. Multi-factor authentication Multi-factor authentication (MFA) adds an extra layer of security to your bank account, making it more difficult for cybercriminals to access it. According to the Australian CyberSecurity Centre, your bank’s MFA methods will include code generators within your app, biometric scans, and a one-time password sent to you via automated text upon request. As much as possible, prevent being caught in nasty situations such as holdups, where criminals could steal your devices with the account access.   Complicated passwords Create strong, unique passwords that are hard to guess. Avoid using easily accessible information like your name or birthdate. Fun ideas for a secure password include switching certain letters for numbers, favourite phrases that people don’t know of you, or codewords. Consider testing your email addresses through the Have I Been Pwned? website. Designed by Aussie cybersecurity expert Troy Hunt, the website will gauge your email addresses to see whether they have been compromised by a data breach; change your passwords immediately.   Regular account monitoring Regularly check your bank accounts for any signs of suspicious activity. This will allow you to quickly detect any unauthorised access and take action; you must talk to your bank’s customer support and alert them of any illegal transactions.  Treading carefully on public WiFi Public WiFi is vulnerable to hacking, so be careful when accessing your bank account or sensitive information when using public Wi-Fi terminals. In many cases, cybercriminals have also found ways to hack into a phone linked into a public WiFi grid. You can work this around by using premium VPN services which will allow you to access without the danger of penetration.   Vigilance Stay vigilant and be aware of the latest cybercrime trends and methods used by cybercriminals. Defeating Cybercriminals Defeating cybercriminals requires a combination of preventative measures and proactive behaviour. Below are some ways you can defeat cybercriminals. Updated software Regularly update your software and security systems, as this will help protect against known vulnerabilities. If you are accessing your accounts on a desktop, an updated version of any premium antivirus program can suppress any cyber threats. Self-Education Educate yourself on the latest cybercrime trends and methods used by cybercriminals. This will help you stay vigilant and better protect yourself. Report suspicious activity Report any suspicious activity, such as emails from unknown sources, to your bank and the relevant authorities. Keep a listing of the official contact details of your bank and reporting agencies such as the ACSC, AFP, and the ACCC Scamwatch.  Safeguard personal information Be cautious with the personal information you share online, as this can be used by cybercriminals to gain access to your bank account. To one end, you should not click on URLs included with text messages and avoid answering spam emails, even including those with attachments that are most likely malware. A spam filter in your email service will set them aside.  Bank Coordination Work with your bank to better secure your account. Your bank will have the latest security systems in place and can provide you with advice on how to better protect yourself. You must also heed periodic cybersecurity notices sent by your bank’s official channels. Conclusion Protecting your funds from cybertheft is crucial in today’s digital age. By being proactive and taking the steps outlined in this guide, you can better secure your bank account and defeat cybercriminals at their own game. DISCLAIMER: This article

What is a Pescatarian Diet? The pescatarian diet, or pescatarianism, primarily consists of vegetarian foods with the inclusion of fish and other seafood. This dietary approach can offer several potential health benefits. A diet centred on plant-based foods provides numerous health advantages, which can be further enhanced by the addition of fish and seafood. Budgeting for a Pescatarian Diet The Pescatarian diet is becoming increasingly popular in Australia as people look for healthier and more sustainable ways to eat. However, eating a pescatarian diet can also be expensive if you’re not careful. Here are some tips for managing your budget for a pescatarian diet. Meal planning Planning your meals in advance is an essential part of managing your Pescatarian budget. By knowing what you’re going to eat ahead of time, you can make sure you’re only buying the ingredients you need and avoid wastage. This will also help you stick to your budget as you’ll only be buying what you need. Seafood options While Pescatarian diets are basically vegetarian diets, they are touted to address nutrient deficiencies in vegetarian or even in vegan diets with more fish or seafood. For a Pescatarian menu, any seafood is fair game, including shellfish, salmon, tilapia, and cod. The team at the Healthy Fish, in particular, recommends going to the frozen food section at your supermarket for your seafood options. Tinned fish is still okay but the Healthy Journal recommends draining the broth to avoid excessive sodium intake.     Buy in-season produce Eating seasonally is not only better for the environment, but it’s also cheaper because of the seasonal harvest creating an abundance of produce, resulting in lower prices. So, make sure to buy fruits and vegetables that are in-season to save money and get the best quality produce around. Shop at farmers’ markets Farmers’ markets are a great place to buy fresh, local, and in-season produce. You can often find great deals on fruits and vegetables at these markets. You’ll also be supporting local farmers and producers, which is better for the environment and the local economy. Some food planners postulate that if you have frequently bought from a local farmer who always sets up at the market, they will remember you and might even offer some deals. Buy in bulk Buying in bulk is an excellent way to save money on your grocery bill. You can often find bulk bins of grains, beans, and nuts – all important components in a Pescatarian diet – at health food stores or supermarkets. Buying in bulk also reduces packaging waste, which is better for the environment, but has reusable storage containers ready to divide the bulk items and put them away in cool, dry places.  Use frozen fruit and vegetables Frozen fruit and vegetables are often cheaper than fresh produce, and they’re just as nutritious, especially when included in a Pescatarian diet. They’re also convenient as you can keep them in your freezer for longer periods of time. Use frozen produce in smoothies, soups, stews, and casseroles. For a Pescatarian smoothie, Everyday Health states that fruit (including a frozen fruit item) can be mixed up with kefir or yoghurt. Plant-based protein Plant-based proteins such as beans, lentils, and tofu are cheaper than meat and fish. They’re also a great source of protein, fibre, and other nutrients, as those three food classes work well in a Pescatarian diet according to Oceanbox.  Choose sustainable seafood When choosing seafood, it’s important to choose sustainably-caught or -farmed options. This not only helps to protect our oceans and marine life but also ensures that you’re getting the best quality seafood. You can often find sustainable seafood options at your local fishmonger or at specialty seafood stores. Some may ask why go for sustainable seafood products as part of your pescatarian diet. Writing for UniSydney’s CPC RPA Health for Life Program in July 2023, Dr Rosilene Ribeiro said there is still a danger of mercury contamination in seafood products acquired in many markets. Custom meals and snacks Making your own meals and snacks is often cheaper than buying pre-packaged options. This also allows you to control the ingredients and portion sizes. Try making your own granola bars, crackers, and hummus. You can also prepare large batches of meals and freeze them for later use. Leftovers A Pescatarian diet may have some leftovers but it’s tempting to just throw them away. Instead of throwing out leftover rice or vegetables, use them to make a stir-fry or soup. You can also use leftover fish or seafood in tacos or salads. Conclusion Managing your budget for a pescatarian diet is possible with a little planning and effort. If the above tips are taken into account, you stand a better chance to improve your health while keeping your finances in the black  So, go ahead and embrace the Pescatarian lifestyle. Money management apps like 2 Ezi are in an ideal position to help you with investing in a Pescatarian diet. The app allows you to accurately set a limit for your food budget against your other important expenses – from there you can work out your shopping list. DISCLAIMER: This article is for informational purposes only. 2 Ezi has no business relationships with any company mentioned in the article. Please consult your general practitioner or nutritionist for further medical advice on pursuing a Pescatarian diet.

This article explores strategies single mums can use to secure their children’s education in private schools. Being a single mother is no easy task, especially when it comes to providing the best education for your children. As a solo parent in Australia, you may have concerns about funding private schooling for your kids. However, you can make it possible to have a good private education for your children. Issues with meeting educational finances have been a big question amongst Aussie parents, especially in recent times. An early 2024 study from Finder hinted that back-to-school expenses were expected to break $12.9 billion total – and buying school supplies alone accounted for $3.5 billion. In some angles, Finder’s Parenting Report 2023 also pointed at how many Aussie parents are grappling with a decision to send their children out of private schools and deal with burgeoning costs or enter into the public schooling system to save on expenses. Understand Your Financial Situation The first step towards funding private schooling is gaining a clear understanding of your financial situation, by evaluating your income flow and savings against expense levels. Create a budget to identify areas where you can cut back on unnecessary expenses and allocate more funds towards your child’s education. Research Private School Options Before making any financial commitments, thoroughly research private schools in your area. Compare their academic programmes, extracurricular activities, and reputation. Look for schools that align with your educational values and offer scholarships or financial aid opportunities. Some mothers might even aim for a school that can offer the full breadth of basic education levels. Ms. Jenni, a 39-year-old single mother, said she wanted a school that can build up her five-year-old daughter from “reception to Year 12”, to prevent reliving bad memories of her childhood where she herself was transferred to so many schools. According to Jenni, her daughter’s school said her child might not need to wear a blazer until a compulsory dress code is in effect upon reaching Year 4. Scholarships and Financial Aid Many private schools offer scholarships or financial aid programmes for students in need. Research and inquire about these opportunities. Prepare a compelling application highlighting your child’s achievements, interests, and goals. Some scholarships may be specifically targeted towards single mothers or children from disadvantaged backgrounds. Education Savings Plan Consider setting up an education savings plan specifically designed to fund your child’s private schooling. These plans offer tax advantages and can help you save for educational expenses over time. Seek Support from Family and Friends Don’t hesitate to reach out to your family and friends for support. Explain your goals and financial constraints to them, and they may be willing to contribute towards your child’s education. You can also suggest educational contributions instead of traditional gifts during birthdays or holidays. Part-Time Work or Side Hustles Consider taking on a part-time job or starting a side hustle to generate additional income. Look for flexible opportunities that won’t interfere with your parenting responsibilities. The extra funds can be directed towards your child’s education fund. Government Assistance Programmes Investigate government assistance programmes that may be available to single mothers in your area. These programs could provide financial aid, grants, or subsidies to help cover educational expenses. Contact local authorities or visit government websites to learn more about the eligibility criteria and application process. Crowdfunding Crowdfunding platforms can be a valuable resource for single mothers looking to fund their child’s private education. Create a compelling campaign explaining your situation, goals, and why private schooling is important for your child’s future. Share the campaign with your network and on social media platforms to reach a wider audience. School Tuition Payment Plans Some private schools offer flexible tuition payment plans. Speak with the admissions office to discuss the available options. These plans may allow you to spread out the cost of tuition over several months or years, making it more manageable for single mothers. Local Community Support Explore local community organisations, nonprofits, or foundations that support education initiatives. They may offer grants or scholarships specifically for children from single-parent households. Attend community events and connect with other parents to learn about available resources. One example of community support is the School Savvy shops run by Catholic Care Central Queensland. The pop-up stores offer school supplies at discounted prices, from water bottles to bags. A single mother from Mt Morgan who was interviewed by the ABC said the stores’ low prices have been wonderful in helping her prepare her two children’s school needs. Conclusion Funding private schooling for your children as a single mother in Australia may require careful planning and resourcefulness. By understanding your financial situation, exploring scholarships and financial aid options, and tapping support networks, you can make a secure investment in your child’s education. With determination and the right strategies, you can provide your children with a quality private education that sets them up for a bright future. DISCLAIMER:  This article is for informational purposes only and does not constitute financial advice. 2 Ezi has no working relationships with any organisation or company mentioned in this article. For further financial counselling assistance please contact National Debt Helpline (1800 007 007), Mob Strong Debt Help (1800 808 488), Lifeline (13 11 14), and Beyond Blue (1300 224 636).