Missing Meals to pay off BUY NOW PAY LATER debts

Buy Now Pay Later users are missing meals and essentials to pay their debts, more government data has confirmed. Services like Afterpay, ZipCo, Humm, LayBuy and others are leading young people (in particular) into financial hardship, despite not being classified as credit providers. There are reportedly 9.1 million active BNPL accounts in Australia. 21% of BNPL users rack up late fees, ASIC has reported while 20%

Cash – Don’t leave home without it

When I have cash in my pocket, I’m in charge. Don’t leave home without it.

Bank outages prove Cashless society just a myth

Banks, card companies and financial institutions like to encourage cashless payment systems. Cashless payment systems generate surcharges, fees, transaction revenue, merchant service charges and consumer information that can be bought and sold. But they still can’t provide reliability of access and ensure their payment and bank systems are UP and running all the times when they are needed, which is

Aristocrat ‘aggressively’ moving gambling behind closed doors.

COVID ‘leveraged’ to promote home gaming Aristocrat Leisure Limited (ASX:ALL) is successfully transitioning gamblers to online and digital apps and games and away from ‘physical’ gaming venues such as community based pubs and clubs. This is removing problem gambling from public sight, away from the oversight of regulators, containing the issue to homes. Monitoring, welfare checks and harm minimisation efforts

Cash is still Australia’s Favourite way to pay

Actual real wallets are still more popular than mobile wallets Today Commonwealth Bank has issued media information suggesting that mobile wallets will  soon overtake contactless cards as a favoured way to pay for goods and services.  Commonwealth Bank says the dollar value of their total digital wallet transactions rose from $1.0 billion per month to $2.1 billion between March 2020

Single parent’s 5 minute guide to the budget

Josh Frydenberg’s budget 2021 is a document designed to curry favour with women and single parents with plenty of new funding and cash for people in difficult circumstances. But the government has neglected to raise JobSeeker or the Single Parent Payment. Get on top of everything single parents need to know about the 2021 federal government budget in five minutes.

Cashless Welfare Card hardly reduces alcohol spending at all

The Indue Cashless Debit Card reduced spending on grog by …… $88 per year, per person in one of the trial sites. Data released by the government shows that the Indue Cashless Debit Card scheme hardly reduces alcohol spending at all. Over 5 years to April 2021, the Cashless Debit Card issued by Centrelink in five ‘trial’ communities has reduced

Single Parent Family Home Guarantee ignores the real housing problem

On Tuesday the 11th of May, the treasurer Josh Frydenberg will announce the budget and a new program to help separated and divorced parents buy a home called the Single Parent Family Home Guarantee. Singlemum.com.au got the details of the package early. The Single Parent Family Home Guarantee will support up to 10,000 divorced / separated parents (who have care of dependent

Cold water swimming in Melbourne

Cold water immersion and cold water open water swimming are the new buzz words for healthy activity, especially for middle aged adults. This is an amazing experience that revitalises your mind, body and mood. From Saturday 1 May 2021, and through winter 2021, there is just one supported swim group at Williamstown Beach each week – the 9am Saturday Cool Water

Payment system ‘outages’ kill cashless economy myth

Osko, CBA failures just the latest to leave customers stranded. Today, reported problems with ‘Osko’ payments between banks facilitated by the New Payments Platform are leaving bank customers stranded and angry. Customers of all banks have reported the failure of the “Osko” real time transfer system to their banks overnight on the 27 April and the morning of 28 April