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Spending

This Month

David Basheer, managing director of the family-owned Strathmore Hotel in the Adelaide CBD, says an Albanese government payment surcharge ban will be inflationary as food prices will have to rise.

Small business says Labor’s card surcharge ban will be inflationary

Hotel and cafe lobby groups will meet the RBA’s head of payments to raise concerns about plans for the surcharge ban this week.

April

Mastercard says it will push CBA and Westpac to issue numberless cards to reduce fraud.

CBA and Westpac mull removing numbers from their credit cards

Australia is expected to be the first major market to embrace numberless credit cards in the next two years, according to Mastercard.

March

Dutton promises modelling on power price cuts ‘shortly’

The Coalition’s gas policy dominated his first campaign press conference at the XXXX Brewery in Brisbane, which was crashed by a climate protester.

Households haven't seen the end of higher power bills.

Households to get $150 power bill rebate as Albanese extends relief

The one-year $300 rebate announced in last year’s budget was set to expire on June 30, but will be extended to the end of this year.

After two years of cutting back, Australians are finally loosening their purse strings as confidence rises.

The six charts that show the consumer comeback is here

After two years of cutting back, Australians are finally loosening their purse strings as confidence rises. But a full-blown boom seems unlikely.

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February

Health Minister Mark Butler and Prime Minister Anthony Albanese are set to unveil the biggest investment in Medicare in 40 years.

Albanese makes $8.5b Medicare overhaul his signature election policy

The prime minister will make Medicare the centrepiece of his re-election campaign, promising to spend big to eliminate patient costs for visits to the doctor.

Elizabeth McArthur would rather pay the ‘singles tax’ than end up with the wrong guy.

The ‘singles tax’ stings, but can you put a price on happiness?

Studies suggest the price of choosing to live alone could be anywhere between 3 per cent and 15 per cent.

January

Health Minister Mark Butler wants private health insurers to do better on this year’s premium increases.

Butler rejects health insurers’ second bid to lift prices

Health Minister Mark Butler has rejected a second round of requests from private health insurers to increase customer premiums, saying they need to help more during the cost-of-living crisis.

Rising education costs are increasingly being picked up by grandparents.

Private or not, Sydney most expensive for schools

The annual Cost of Education Index found the total cost of educating a child in a private school in Sydney rose by 9 per cent in the past year.

Treasurer Jim Chalmers.

Nine red flags for budget watchers

Labor has a choice: deliver a pre-election budget that builds Australia’s future or keep sailing blindly towards another decade of debts and deficits.

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

It cost $20k to bring a dog to Australia, but that was just the start

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

December 2024

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.

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.

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.

November 2024

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.

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October 2024

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.

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.

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’.

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.

September 2024

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.

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