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Taree local business rebuild after floods

Taree local business rebuild after floods

As flood clean up begins on the NSW coast, three local businesses in Taree rely on the community to help them recover.

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‘Living off scraps': 21-year-old wants pay norm banned
‘Living off scraps': 21-year-old wants pay norm banned

News.com.au

timean hour ago

  • News.com.au

‘Living off scraps': 21-year-old wants pay norm banned

A fired-up Gen Zer has declared being paid fortnightly in Australia should be straight-up 'banned' because she finds it difficult to manage her salary. Ren Adelina, 21, has amassed over 700,000 views on TikTok by declaring she's unhappy with a fortnightly pay cycle. 'Getting paid fortnightly needs to be genuinely banned,' she said. 'One week I am so rich, I am so rich! The next week … I am living off genuine scraps.' According to the Australian Bureau of Statistics, fortnightly is the most common pay cycle for Aussie workers, followed by weekly and then monthly. Speaking to Ms Adelina reiterated her position and said she'd much prefer to be paid more frequently. 'I think it should be banned because for us Gen Zers we were never taught how to manage money properly,' she said. 'Getting a huge influx of money at once, of course, we are going to get excited and are going to blow it all on food, shopping, outings, etc.' Ms Adelina said the problem with that is that once it is gone, it is gone, and then she's got to hang out for another gruelling seven days. 'Then, after we spend it all, there is none left for the next week. Maybe I just have a shopping addiction,' she said. The 21-year-old doesn't just want to ban fortnightly pay with no other solution. She's got plans. 'I believe we should get paid weekly instead as it provides more frequent income, making it easier to manage all expenses. I think it also simplifies budgeting,' she said. Ms Adelina's suggestion of banning fortnightly pay quickly took a turn when people on the internet broke the news to her that some people get paid … monthly. One warned, 'Wait until you get paid monthly.' The 21-year-old replied, 'Stop, that is so scary!' Someone else chimed in and said getting paid monthly is 'criminal' and another demanded to know what professions get paid monthly so they can avoid them. The commentator quickly discovered that monthly pay isn't specific to one industry. Everyone, from childcare workers to tradies, get paid monthly. It is just up to the employer's discretion. The comment section quickly became populated by workers getting paid monthly who argued that fortnightly wasn't so bad in comparison. 'Babe, I'm counting my coins on monthly pay,' one said. 'Monthly is horrendous,' another shared. 'I get paid monthly. You got lucky,' someone claimed. 'Every adult I know gets paid monthly. Budgeting is hard,' another worker shared. 'Fortnightly isn't bad. Wait until you see monthly,' one warned. 'I applaud those who can wait a whole month. I can't even do two weeks,' someone else shared. Quite a few people also suggested to the 21-year-old that it wasn't how frequently she was getting paid but rather how she managed her money. 'Just budget. It really is not that difficult. I love getting paid fortnightly,' one shared. 'Not knowing how to budget should be banned,' another joked. 'I get paid fortnightly, and when you get paid, literally just split it in half and put it aside in another account until the following week,' someone else said.

Housing market conditions expected to be ‘more supportive' this winter season
Housing market conditions expected to be ‘more supportive' this winter season

News.com.au

time6 hours ago

  • News.com.au

Housing market conditions expected to be ‘more supportive' this winter season

REA Group Senior Economist Angus Moore examines the 'different environment' of the property market entering the mid-year when compared to winter last year. 'Now that we are starting to see rates falling, prices are growing in Sydney and Melbourne – which they weren't last year – we are probably looking at a more positive environment,' Mr Moore told Sky News Business Reporter Edward Boyd. 'If we get further rate cuts, which we are certainly expecting to see, that's going to bolster consumer confidence; it should be a tailwind for home prices. 'All of that is going to give vendors a little bit more confidence and we should see some more supportive housing market conditions this winter than perhaps we did last year.'

Cybersecurity risks continue to mount amid threats from nation-state hacker groups
Cybersecurity risks continue to mount amid threats from nation-state hacker groups

News.com.au

time6 hours ago

  • News.com.au

Cybersecurity risks continue to mount amid threats from nation-state hacker groups

Fortinet Australia Chief Security Officer Glenn Maiden says the risks around cybersecurity are 'very high' and are continuing to increase. Cybersecurity risks have escalated rapidly, thanks to countries like China and Russia weaponising advanced hacking groups and creating sophisticated deepfakes. Mr Maiden discusses the 'sophisticated nation-state campaigns' which have hit some of the largest companies in the world, including US telecommunication giants. In partnership with Fortinet

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