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Spending

This Month

People-pleasing can come at a significant financial cost.

People pleasing cost me $32,000. Here are four ways to stop it

Since people pleasing is a personality trait, dialling back your spending requires more than learning the nuts and bolts of money management.

  • Juli Fraga and Connie Chang
Yao-Chung Chang and Jason Coates with their pug Valentino who cost $20,000 to bring to Australia when they moved here from Japan.

The ‘insane’ amount this couple spent on their pet pug, Valentino

If there’s a pet under your tree this Christmas, buckle up for a lifetime of expense (along with the love, of course).

  • Michelle Bowes
Victoria is now the fourth most indebted advanced economy state government outside the US. It may soon find there’s a fine line between nation-building and overbuilding.

How Victoria became one of the rich world’s most indebted states

Victoria is the fourth-most indebted advanced economy state government outside the US. It may soon find there’s a fine line between nation-building and overbuilding.

  • Michael Read
Personalised pricing is becoming more common.

Why price discrimination can be a good thing

The online age may make it easier for companies to predict what we’re willing to pay. But it also makes it easier for us to share stories of nasty corporate behaviour.

  • Richard Holden

November

Netflix and UberEats are a last bastion of fun for families and young people squeezed by interest rates and rental payments.

The small luxury Australians just won’t give up

Australians are hanging onto their subscriptions, reflecting a world in which the little luxuries may be all they have left.

  • Lucy Dean
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October

A Coles Finest ham. The company says it is selling far more of its premium home brand products than every before.

Home brands have had a makeover - and customers love it

As families faces stubbornly high mortgage and utilities bills, they are increasingly turning to Woolworths and Coles’ own brands. It is a lucrative sale.

  • Gus McCubbing
Melbourne CBD from Albert Park Lake in August.

Fears for Victoria as economy ‘diverges from other states’

Victoria has fallen behind the rest of the country across a range of economic indicators including for house prices, spending and business conditions as economists warn of a “clear divergence” from other states.

  • Patrick Durkin and Gus McCubbing
Hospitality bankruptcies have jumped in Victoria in the last 12 months but state premier Jacinta Allan says business confidence remains strong.

‘A tax on jobs’: Cafes, bars, restaurants going belly up in Victoria

Independent economist Saul Eslake warns that a rise in hospitality insolvencies indicates the health of the Victorian economy is ‘deteriorating’.

  • Gus McCubbing and Larry Schlesinger
Bourke Street was virtually empty during lockdown in Melbourne in 2020.

Victoria slumps for business, as execs warn: ‘It’s really struggling’

CSL chairman Brian McNamee and former NAB CEO Ross McEwan warn that the state is in financial peril, as new business starts fell behind the rest of the country.

  • Gus McCubbing and Patrick Durkin

September

Bunnings managing director Mike Schneider says low prices underpin the hardware giant’s operating model.

Bunnings CEO: Price gouging claims ignore lowest-price promise

The chief executive of hardware giant Bunnings, Mike Schneider, says the chain takes its promise to beat any competitor’s price seriously, and critics will not find evidence that it has engaged in price gouging.

  • James Thomson and Tom McIlroy
‘Pretty dire’: Kate McCready took on an office job after a series of circumstances slowed down her coaching business.

It’s getting harder to find extra work to make ends meet

The number of people with multiple jobs is falling as the jobs market tightens.

  • Euan Black
Jim Chalmers, Michele Bullock and the inflation dragon.

Treasurer v the RBA: Why Chalmers and Bullock are both right

Jim Chalmers says the economy is getting smashed by high rates, but it’s still running too hot for the RBA. The answer is simple: productivity.

  • Michael Stutchbury

August

Chelsea McIntosh is shutting down the second-last of her gift shops, in a prime Melbourne CBD location, after it was losing her $10,000 a month.

‘Heartbreaking’: Melbourne stores bite the dust as workers stay home

Small-business owner Chelsea McIntosh has been forced to close down six out of seven gift shops she ran in Melbourne’s CBD as the retail sector has been rattled.

  • Gus McCubbing
Transurban CEO Michelle Jablko is telling investors and governments what they want to hear. Can she deliver for both?

Qantas case a timely warning for money-spinner Transurban

The flying kangaroo’s drama is relevant for Australia’s dominant toll operator, which is returning more cash than ever to investors despite political pressure.

  • Anthony Macdonald
Guests at the Magic Kingdom at Walt Disney World brave wind and rain in Bay Lake, Florida.

New signs of weakness in US economy, as consumers halt spending

Disney theme parks, Airbnb home rentals and Hilton hotels are among the latest companies seeing weaker consumer demand.

  • Gregory Meyer, Anna Nicolaou and Christopher Grimes
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July

ACCC chairwoman Gina Cass-Gottlieb is hunting another trophy: JB Hi-Fi.

The Good Guys debacle reveals inflation’s unexpected consequence

When inflation peaked at 7.8 per cent 18 months ago, no one could’ve predicted how it would affect some of our big brands.

  • Anthony Macdonald
To cut the cost of your “wants”, you’ll need to come up with some sacrifices.

How the 50/30/20 budgeting hack can unlock your finances

This straightforward strategy suggests dividing your income into three buckets: needs, wants and financial goals.

  • Holly Thomas

Which states are in ‘the slow lane’ for retail spending?

Retail sales in Victoria and Queensland are lagging the rest of Australia on a per-person basis, while Western Australia tops the spending charts.

  • Updated
  • Ronald Mizen

June

A sharper-than-expected deterioration in the jobs market could force shoppers to cut back on spending even further.

Saving less and spending less: why Australian households are unique

Australians are saving much less than their global peers as mortgage repayments and tax bracket creep eat into disposable incomes.

  • Michael Read
Winners and losers

Winners and losers in the NSW budget

Prospective homeowners, essential workers and developers are the biggest winners, while middle-income households facing cost of living pressures lost out

  • Campbell Kwan

Original URL: https://www.afr.com/topic/spending-hp0