Budgeting

Celebrate your birthday with freebies! In Australia, businesses offer treats to make your day special. Discover how to snag these perks effortlessly. Birthdays are meant to welcome another year of life and build cherished memories with loved ones. While treating others is a wonderful tradition, there’s something equally delightful about being treated on your birthday. In Australia, many businesses offer birthday treats, discounts, or perks to help you make your day even more special. In this guide, we’ll explore the reasons people desire birthday incentives and why merchants offer them. We will also provide ten tips for birthday celebrants in Australia to land those coveted birthday freebies. Craving Birthday Freebies Birthdays are a celebration of life milestones. They mark another year of experiences, lessons, and growth. Receiving special treats on your birthday is a way of acknowledging and celebrating these achievements. Birthday treats and freebies create memorable experiences. Whether it’s a complimentary dessert at your favourite restaurant or a free massage at a spa, these gestures make your day memorable and unique. Birthday perks make individuals feel valued and appreciated. Businesses that offer birthday freebies are telling their customers that they matter and that their loyalty is recognised and rewarded. Birthdays often come with expenses, from parties to gifts. Birthday treats can help alleviate some of this financial stress, allowing individuals to enjoy their day without worrying about breaking the bank. On your birthday, you deserve to be happy. Birthday treats bring joy and happiness, not only to the recipient but also to those celebrating with you. It’s a simple but effective way to spread happiness. Merchants Offering Birthday Freebies Businesses understand the value of loyal customers. Offering birthday treats is a way to strengthen customer loyalty and keep patrons coming back. Happy customers are more likely to share their positive experiences with friends and family. When a business provides a memorable birthday treat, it generates positive word-of-mouth marketing, which can attract new customers. Many businesses require customers to sign up for loyalty programmes or newsletters to receive birthday freebies. This allows them to collect valuable customer data for marketing purposes while following privacy regulations. While offering a freebie, businesses also have the opportunity to upsell other products or services. For example, a spa might offer a free massage and then suggest add-on treatments at a discounted price. Businesses aim to satisfy their customers with a positive experience. Birthday treats enhance the customer experience, making individuals feel appreciated and valued. Now that we understand why people desire birthday treats and why businesses offer them, let’s explore ten tips for landing those delightful birthday freebies. Get the Best Freebies on Your Birthday It’s one thing to have something free for yourself on your birthday, but actually getting those freebies is another. Here are a few ways to possibly land them:  Sign Up for Loyalty Programmes Many businesses require you to join their loyalty programmes or newsletters to receive birthday perks. Register for these programmes well in advance of your birthday to ensure you’re on their list. When signing up for the programmes, make sure your personal information, especially your birthdate, is accurate. Businesses often verify this information before granting birthday freebies. Research Local Offers Do some research to discover which local businesses offer birthday treats or discounts. Check websites, social media pages, and apps like 2Ezi to find the latest offers. In the case of social media pages, business accounts announce their birthday offers on their feeds. Check Your Email Keep an eye on your email inbox as your birthday approaches. Many businesses send birthday coupons or offers directly to your email address. Visit Restaurant Chains Chain restaurants in Australia are known for offering birthday freebies. These can range from free meals to desserts. Check with your local branches for specific offers, which will have special terms and conditions to activate properly. For example, your favourite buffet joint has a birthday treat where the celebrant, upon verification of their identity, can score a free buffet, provided they bring in an entourage of four paying guests. Visit Retail Stores Some retail stores may offer birthday discounts or gift cards to their loyal customers. Visit your favourite stores or their websites to see if they have such offers. Plan Ahead Many businesses require you to redeem your birthday freebies within a certain timeframe, often the month of your birthday. Plan your outings accordingly to make the most of these offers. Spread the Joy Share your birthday treats with friends or family. Some businesses offer group deals or additional discounts when you celebrate with others. Conclusion Everyone deserves to be treated on their birthday, and in Australia, there are numerous opportunities to enjoy special perks, discounts, and freebies. Understanding why birthday treats are so desirable and why businesses offer them can help you navigate the world of birthday freebies more effectively. By following the above tips, you can increase your chances of landing those coveted birthday freebies and making your special day even more memorable. So, don’t hesitate to sign up for loyalty programmes, research local offers, and explore all the possibilities for celebrating your birthday with style and savings. After all, your birthday is a day to cherish, and these treats are a delightful way to celebrate life’s milestones while spreading joy and happiness. DISCLAIMER:  This article is for informational purposes only. 2 Ezi have no relationships with any company mentioned nor endorse any incentives.

In an increasingly dynamic economy, many individuals find themselves considering the option of taking on a second job or side hustle to supplement their income and achieve greater financial stability. While the decision to pursue a second job should not be taken lightly, it can provide a viable solution for various financial goals. Why Get A Second Job? Let’s explore the rationale for taking on a second job, and provide tips on how people can mentally prepare themselves and balance the demands of multiple jobs while still focusing on their primary work. Financial Security and Stability One of the most common reasons for seeking a second job is to improve financial security. Rising living costs, debts, and unforeseen expenses can place a strain on finances, making additional income essential to meet basic needs and build a safety net. The Labour Account Australia multiple job-holders report for September 2023 recorded 955,600 people taking on at least one job, or 6.6 per cent of employed people in Australia. The number is a slight dip from the 962,900 recorded for June 2023 at 6.7 per cent. The ABS said recent RBA interest hikes and higher mortgage interest have affected the cost-of-living, forcing people to consider applying for side jobs.   Paying Off Debt Taking on a second job can expedite the process of paying off debts, such as student loans, credit card bills, or mortgages. The extra income can be directed towards clearing outstanding balances and reducing interest payments. However, it’s important to consider the tax implications of a second job. The Australian Taxation Office (ATO) has a tax-free threshold of the first $18,200 you earn in every fiscal year, but you must claim it through your primary employer. Building Savings and Investments For those aspiring to create wealth and financial independence, a second job can facilitate regular savings and investments. The additional income can be channelled towards building an emergency fund or contributing to long-term investment portfolios. Pursuing Personal Goals A second job may be taken on to fund personal passions, such as travelling, starting a business, or pursuing further education. This additional income can turn aspirations into reality without straining the individual’s primary finances. Career Development In some cases, individuals take on a second job to gain experience in a different field or to advance their career prospects. The extra job can provide valuable skills and networks that complement their primary profession. Writing for HR Leader, ASPL Group CEO Kris Grant said more casual job opportunities are emerging, with sectors such as hospitality and tourism needing all the casual help they can get. Focus on the Day Job, Prepare for a Second Job While an extra job may be a chance to increase your income flow, there’s much homework to be done before you can take it on Assess Personal Commitments Before committing to a second job, assess your existing responsibilities and commitments. Consider family time, social activities, and personal well-being to ensure you have enough time and energy to manage additional work. Seek a Flexible Second Job Opt for a second job that offers flexibility in terms of working hours and location. This will allow you to better balance both jobs and reduce the risk of burnout. One person interviewed for the Sydney Morning Herald, speech pathologist and The Balance Theory author Natasha Piccolo said she and her husband were forced to take extra work to cover their housing and parental expenses. In addition to her practice, she also runs a gelato-based catering business.   Plan a Realistic Schedule Create a well-structured schedule that accommodates both your primary job and second job. Allocate time for rest, relaxation, and quality time with loved ones to maintain a healthy work-life balance. Time Management Efficient time management is crucial when juggling multiple jobs. Use tools like calendars, to-do lists, and productivity apps to stay organised and focused on tasks. Communicate with Employers If you are considering a second job while employed, ensure you are familiar with your current employer’s policies regarding moonlighting or engaging in a side hustle. You need to discuss your intentions openly and transparently. As an added measure, you must commit to NOT taking any calls from side job clients during your official business hours, to avoid potential disciplinary action from HR, and make sure that the entity you took up a second job for is not a competitor or a company client. Grant said that HR departments may need to watch out for more employees taking on side jobs and closely monitor their performance. Maintain Mental and Physical Health Taking on a second job can be mentally and physically demanding. Prioritise self-care, engage in regular exercise, and get enough sleep to stay energised and focused. Be Realistic About Expectations Set realistic expectations for yourself and the income you expect to earn from the second job. Avoid overextending yourself, as burnout can hinder productivity in both jobs. Build a Support Network Lean on friends and family for support during this period. Having a strong support network can ease the stress of managing multiple job responsibilities. Conclusion Taking on a second job or side hustle can be a practical solution to achieve financial goals, pay off debt, and pursue personal aspirations. However, careful consideration and preparation are necessary to ensure that you maintain a balanced and manageable workload. With a well-planned approach, individuals can navigate the challenges of working multiple jobs and achieve their financial objectives with confidence. DISCLAIMER:  This article is for informational purposes only and does not constitute official career advice. 2 Ezi has no relationships with any company or organisation mentioned. Please consult a career counsellor and your employer’s HR department.

In today’s competitive job market in Australia, landing your dream job requires more than just a well-crafted resume and cover letter. To stand out among the sea of applicants, jobseekers must continuously work on improving their skillset and staying up-to-date with industry trends. This blog will delve into the essential tasks and skills needed for jobseekers to be more considered for their dream job. Identify Your Dream Job and Industry Trends Being able to prepare well for landing an ideal job is critical given the current employment situation in Australia. According to the ABS, the jobless rate in Australia reached 3.9 per cent in the last two months of 2023, resulting in the loss of at least 65,000 jobs by year-end. The first step towards landing your dream job is to clearly identify what it is you aspire to do. Conduct thorough research on your desired industry, job roles, and the skills in demand. Stay updated with industry trends, emerging technologies, and market needs. Having a deep understanding of your chosen field will not only help you tailor your skillset but also demonstrate your genuine interest and commitment during job interviews. The need to understand and roll with industry trends has taken on added importance in recent years. The University of Melbourne’s “Work Futures Hallmark Research Initiative” revealed in its State of the Future of Work report that one in five Australian workers treaded carefully in adopting new technology and work processes even if they believe that it will improve their output. One-third of workers between 25 to 55 years old even considered resigning because of sheer exhaustion, especially during the pandemic. Upskill and Acquire Marketable Skills Once you have identified your dream job, assess your current skill set and identify areas that need improvement. Upskilling is a critical step in staying relevant and marketable. Take advantage of online courses, workshops, and certifications that align with your career goals. Develop expertise in areas that are in demand within your industry. For instance, if you are in the tech industry, consider learning programming languages or data analysis tools. Continuous learning showcases your dedication and adaptability, making you a desirable candidate for your dream job. Seek Career Counseling and Guidance Career counselling and guidance can be immensely valuable in helping you navigate your career path. Professional career counsellors can provide insights into the job market, suggest suitable career tracks, and offer personalised advice based on your strengths and interests. They can also assist you in setting achievable career goals and creating a well-structured plan to reach them. Craft an Impressive Resume and Cover Letter Potential employers can have first impressions on an applicant who furnishes a resume and cover letter. Tailor these documents to showcase your skills, experiences, and accomplishments relevant to the job you are applying for. Emphasise your achievements and how they align with the requirements of the dream job. Network and Build Professional Relationships Networking is a powerful tool for jobseekers. Attend industry events, conferences, and job fairs to connect with professionals in your field. Use online platforms such as LinkedIn to build and expand your professional network. Engaging in meaningful conversations and showcasing your expertise can open doors to job opportunities and referrals. Mastering Job Interview Techniques Job interviews can be nerve-wracking, but with adequate preparation, you can excel in them. Research commonly asked interview questions and practise your responses. Showcase your skills and experiences with confidence, and emphasise how you can add value to the organisation. Demonstrate your enthusiasm for the industry and the company, as employers value candidates who are genuinely passionate about their work. As a courtesy, Kris Grant of Money Magazine said you can follow up by sending the interviewer or recruitment professional a thank-you note, showing your appreciation for the interview opportunity and asking if they have further questions.   Display Soft Skills In addition to technical skills, employers also place great importance on soft skills. Communication, teamwork, problem-solving, adaptability, and leadership are all essential attributes in the workplace. Showcase these skills through real-life examples during the interview process and in your interactions with potential employers. Improved communication skills, in particular, may spell the difference between being accepted as an equal partner in the workplace or ending up all but a pariah. The team at Skills Australia stressed that working on your communication skills, from spoken or verbal business language, hand gestures, movement, to eye contact, can work a long way to building rapport and teamwork with your prospective colleagues.   Internships and Volunteer Opportunities If you are transitioning into a new industry or lacking experience in your desired field, consider internships or volunteer opportunities. These experiences not only provide valuable exposure but also allow you to demonstrate your dedication and willingness to learn. Many organisations appreciate candidates who have taken the initiative to gain hands-on experience. Personal Branding and Online Presence Maintain a strong personal brand and online presence. Craft a polished LinkedIn profile and consistently enhance it with your accomplishments, expertise, and career milestones. Delve into creating insightful blog posts or contributing to reputable industry platforms to solidify your reputation as a thought leader in your respective domain. A positive and consistent online presence can leave a lasting impression on potential employers. Persistence and Resilience Landing your ideal job often takes time and effort. Job searching is a demanding journey that requires patience and perseverance. Maintain resilience and persistence, especially amidst setbacks. Embrace each interview as an opportunity for growth and refinement. With unwavering determination, the perfect opportunity will eventually present itself. Conclusion Securing your dream job in the Australian job market requires dedication, continuous improvement, and a strategic approach. Identifying your aspirations, upskilling, seeking career counselling, and building a strong online presence are all vital steps in standing out among other applicants.  Remember that career success is a journey, and persistence, coupled with an evolving skillset, will eventually lead you to your dream job. So, keep improving, stay positive, and never stop pursuing your goals. DISCLAIMER:  This article is for informational purposes

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