Government statistics say that it costs Australian parents $384,543 to raise the average child from baby to adulthood. (I’m not sure if that statistic takes into account that an increasing number of children are staying at home well-beyond the age of 18.) Other assessments put the average figure at closer to $1 million after factoring in private schooling costs, tutoring, sports and activities, technology and toys...
The idea of eating conventionally-grown foods laden with pesticides and artificial fertilisers is not appetising, but neither is paying an average of 30 per cent more for organic produce.
So, is the extra cost for organic food worth it? Are there some tricks to eating organic while keeping costs down?
The growth in outbound travel and tourism spending in the decade from 2004 cannot be attributed to general population growth alone. While the general population grew at a rate of 15 percent over the same period (from 20.01 million to 23.5 million), resident departures grew by 100 percent, from 4.5 million in 2004 to nine million in 2014 (source: Australian Bureau of Statistics). Annual travel expenditure rose even more steeply, from $13.5 billion in 2004 to $33.5 billion in 2014, making us one of the top nations for per capita tourism spending (source: World Bank).
Australians tendency to travel is attributed to a number of factors, among them Australia’s multicultural population, which explains why the purpose of nearly a quarter (23%) of resident departures are to visit family and friends. Our top reason for travelling, however, is to holiday and our favourite international destination is just a short jump across the pond, New Zealand.
Remember, the cost of the airfare is just the beginning. Don’t forget to factor in airport transfers, hotels, car hire, tours, spending money, meals, travel insurance and car hire.
Struggling to save for a holiday? Get there sooner with a customised budget plan to fast track your savings.
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