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Spending

Yesterday

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

This Month

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
James Hwang says Japan promised great food and a fantastic culture in addition to cheaper prices than Europe.

The Aussies fuelling a travel boom that’s defying the cost crunch

Interest rates and inflation are up, but hundreds of thousands of Australians are still managing to holiday abroad this year – sometimes helped by mum and dad.

  • Euan Black
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May

The Carringbush Hotel is closing down because of rising costs.

Pub would have to charge $20 a beer to survive. It’s closing instead

Popular watering hole The Carringbush Hotel in Melbourne’s inner city is closing down under the weight of rising costs.

  • Gus McCubbing
Labor’s plan for Australia involves a much bigger role for government.

Albanese’s crucial test: will people buy his big vision?

The prime minister has unambiguously embraced a bigger role for government in Australia. The Coalition, in turn, sees an opportunity.

  • Ronald Mizen
Treasurer Jim Chalmers and Finance Minister Katy Gallagher ahead of next week’s federal budget.

Chalmers’ budget to fight inflation first, spend up big second

Treasurer Jim Chalmers says his budget next week will avoid a “scorched earth” approach to fight inflation, but spending will come in the out years.

  • Ronald Mizen

April

Treasurer Jim Chalmers.

Economists dispute Chalmers’ downbeat growth tone

Leading economists have dismissed Treasurer Jim Chalmers’ pessimistic assessment of the global economy, and say it should not be used to justify inflation-boosting spending.

  • Ronald Mizen
Respected economist Craig Emerson has recommended big fines for supermarkets that break a new mandatory code of conduct.

Emerson rejects ‘populist’ supermarket break-up call

An independent review has rejected the forced break-up of Coles and Woolworths, finding the ideas backed by the Coalition and Greens lacked “credibility”.

  • Ronald Mizen

Bunnings may be caught by tougher grocery code

The hardware giant controls 70 per cent of the retail horticulture market, more than Woolworths’ and Coles’ 65 per cent share of supermarkets, prompting suppliers to raise concerns about its buyer power.

  • Ronald Mizen
The major banks have been lifting interest rates and reducing interest free days on popular credit cards.

CBA joins banks quietly cutting interest-free days on credit cards

The big banks have all been slowly lifting their rates, while Commonwealth and Westpac have also increased annual fees.

  • James Eyers

March

Taylor Swift fans each spent an average of $37 on apparel ahead of her Sydney and Melbourne shows.

Swift Lift: Domestic travellers splashed $170m during Taylor’s tour

The average interstate and regional concert-goer spent $500 including $37 on clothing and accessories and another $120 on attractions.

  • Samantha Hutchinson
Treasurer Jim Chalmers and Finance Minister Katy Gallagher.

Government tax take and spending nears record high

Economists are urging Jim Chalmers to focus on paying down debt instead of increasing spending, as new analysis shows the tax take has hit 30 per cent of GDP.

  • Michael Read
Private health insurance premiums will rise by an average of 3.03 per cent on April 1.

Health insurance premiums are rising. See how your fund compares

Almost 15 million private health insurance customers will see their premiums rise by an average of 3.03 per cent on April 1.

  • Updated
  • Michael Read
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February

Fernhill House at the historic Fernhill Estate, which received $65 million from the WestInvest program to pave the way for its conversion into a 423 hectare public park.

NSW Libs used $5b fund for ‘pork-barrelling at public’s expense’: Auditor-General

The state’s audit office found the signature WestInvest program was poorly designed and put the state’s AAA credit rating at risk.

  • Samantha Hutchinson

Wage growth drives inflation, average pay tops $100k

Treasury analysis shows that decade high wages growth that has pushed the average fulltime pay above $100,000 is now the biggest driver of consumer price inflation.

  • Ronald Mizen
Melbourne florist Kellee Pham is hoping for a boost in sales on Valentine’s Day.

Why you won’t be getting a fancy St Valentine’s bouquet this year

Australians are expected to spend $20 million less on flowers on the day of romance this year, but florist Kellee Pham hopes consumer confidence bounces back.

  • Gus McCubbing
Treasurer Jim Chalmers says higher interest rates mean government debt is more expensive to service.

Australia avoids ‘iceberg’ but debt on track to hit $1.4 trillion

Total government debt could be worth as much as 58 per cent of GDP by 2027 according to a new paper from the Centre for Independent Studies.

  • Samantha Hutchinson

January

VB is in and sushi is out despite prices easing

The boss of Australia’s largest independent retailer says that while easing inflation will allay rate hike fears, premium products still aren’t selling.

  • Gus McCubbing

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