A shocking 40% of renters across Australia are struggling to pay for essentials including bills, food, clothing and transport, new research from the Australian Housing and Urban Research Institute has found.
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As COVID-19 continues to dominate the social and economic landscape of 2020, virtual experiences and transactions are becoming more popular and often essential.Financial institutions have seen a sharp rise in online banking, while growth in online shopping platforms and digital payment methods shows no sign of slowing. But with this rise in digitised spending, scams and other fraudulent activities have also increased.
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When it comes to saving and spending habits, 2020 has been a rollercoaster year of change for many. Australians have had to rethink budgets to manage income loss caused by the pandemic, turn to online shopping during lockdowns and even abandon cash to help stop the spread of COVID-19. In light of this, you might be looking for new ways to make your banking more efficient and help you save for rainy days to come. As more Aussies head online for their banking needs, we’ve laid out some of the innovative banking features to help you make more out of your cash in 2020.
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Do you regularly resort to sneaky Google searches to translate financial terms in the news? Then let this alphabetised glossary of July’s money jargon guide you through the financial section of any morning bulletin or weekend trivia night.
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As the world grapples with the economic fallout of Covid-19, young adults are having to reconfigure their expectations of the future. Whether it’s putting travel plans on the back-burner, studying remotely, or entirely rethinking a career path or source of income, Australian teenagers will have to make some tough choices in the years to come.
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Today, Prime Minister Scott Morrison and Treasurer Josh Frydenberg announced the JobKeeper wage subsidy and JobSeeker Coronavirus supplement will continue beyond the planned September end date.
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Four years after debuting in Australia, Apple Pay is now available to customers of both ME and Heritage Bank following separate announcements last week.
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The Australian Competition and Consumer Commission (ACCC) has warned online shoppers to look out for unexpected international transaction fees, when purchasing from major brands.
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As restrictions are slowly being lifted around the country, Australians can begin taking stock of their crisis spending habits, and how these might evolve post-lockdown.
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If you’re one of the many Aussies increasingly concerned about the impact of their money on the planet, then you might want to add the B Corp certification to your checklist when looking into a finance provider.
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