The government provides several different financial payments and incentives to help young families with the costly process of raising children in Australia. Our other blog explores some of the support families can access through the Family Tax Benefit system. Here we cover some of the more specific means of financial support that are available to families who need it.
It’s human nature to resolve to get fit at least once a year – usually at the beginning of summer or the new year. The fitness industry is booming with new fads, diets, and fashion introduced daily – a trend showing no sign of stopping. According to Fitness Australia, the fitness industry is estimated at over 1 billion dollars a year, with over 3000 gyms and fitness centres in Australia. These figures don’t include the market for personal trainers or online fitness spending. If you wanted to get fit a decade ago, your options consisted of going to the gym (during ‘normal’ hours), playing sport or pursuing a free pastime such as jogging. Fast forward to today and the options are endless – our advice is to pick what works best for your lifestyle and your budget to ensure you commit.
We tend to ignore this fact if public transport does not properly service your suburb, we’re not comfortable walking or riding a bike, we’re regularly in a hurry, or we need to travel to multiple destinations throughout the day. Over 76% of Australians who live in a main centre drive to work each day, with less than 5% walking and the balance on public transport.
Getting married is a very special time in your life. If you’ve been married before you’ll remember the excitement leading up to the big day.
Raising kids can be expensive. As far back as 2012, the University of Canberra estimated that the typical Australian family spends over $800,000 to raise two children. Even if we omit families on higher incomes (who may opt for private schooling and more expensive hobbies), the University predicted that even low-income families would be spending over $200,000 per child during their years of dependence. It is almost certain that the cost has increased since then.
Securing finance for your first property is an exciting and nerve racking time. The thrill of owning your first home can be offset by the stress of committing to a mortgage. Much of this stress can come from not understanding the mortgage market, an area that is often cloaked in mystery for those without a financial background.
The reality is that we live in a consumerist society, where children are exposed to messages that encourage them to want things by the time they can walk. According to US industry watchdog Adweek, children in the U.S. aged 2-11 are exposed to over 25000 advertising messages per year.
When was your last pay rise? If it’s been a while, do you feel confident enough to request one? If you’re happy where you are, then you’re going to have to be proactive and negotiate. It’s rare anyone will volunteer to pay more for something unless they need to, and that includes your employer.
No one likes to think about their mortality, especially while in good health and in the prime of our lives. Unfortunately, nothing lasts forever and, as reluctant as we are to think about it, we must be prepared to accept our imminent demise.