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Science finally proves "Money doesn't buy happiness"

<p>A new study has proven that the old adage "money can't buy you happiness" is true. </p> <p>Historically, economic wealth and higher income households are often seen to have an increased level of wellbeing and happiness, with the extra money making way for less stress and more general comfortability. </p> <p>However, researchers from Canada and Spain have concluded this may not be true, with such surveys often including responses from people in industrialised areas only. </p> <p>People in small-scale societies where money does not play a central role in every day life are often excluded from these studies, as the livelihood of residents in these small communities usually depend more on nature. </p> <p>Now, 2,966 people from Indigenous and local communities in 19 locations across the globe have been included in a study, with researchers now finding that societies of Indigenous people and those in small, local communities report living very satisfying lives despite not having a lot of money. </p> <p>The researchers wrote, "The striking aspect of our findings... is that reported life satisfaction in very low-income communities can meet and even exceed that reported at the highest average levels of material wealth provided by industrial ways of life."</p> <p>Researchers concluded the findings are strong evidence that economic growth is not needed to be happy, with only 64 percent of households included in the survey reported having any cash income.</p> <p>Eric Galbraith, lead author of the study, said, "Surprisingly, many populations with very low monetary incomes report very high average levels of life satisfaction, with scores similar to those in wealthy countries."</p> <p>Researchers added that high life satisfaction is shown in these communities "despite many of these societies having suffered histories of marginalisation and oppression."</p> <p>Galbraith added, "I would hope that, by learning more about what makes life satisfying in these diverse communities, it might help many others to lead more satisfying lives while addressing the sustainability crisis."</p> <p><em>Image credits: Shutterstock</em></p>

Money & Banking

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Mum slammed for being "stingy" after refusing to buy $2 snack for daughter's playdate

<p>A mum has come under fire for being "selfish" and "stingy" after refusing to buy a $2 snack for her 11-year-old daughter’s best friend.</p> <p>The woman, believed to be from the US, and her daughter Ellie were invited for a playdate at an indoor playground with 12-year-old Sophie and her mum.</p> <p>Sophie's mum offered to put them on her membership card so that Ellie and her mum could go to the indoor playground for free. </p> <p>“Sophie’s mum called me... and Sophie wanted to know if Ellie could come and play," she began in a Reddit thread called <em>Am I the a****** .</em></p> <p>"She offered to put me on her membership card so it would be free for me so I got Ellie in the car and we met them at the playground.” </p> <p>Trouble started when the girls got hungry after an hour of playing, and Ellie's mum only packed a snack for her daughter. </p> <p>“Sophie’s mum didn’t have any snacks on her,” she said.</p> <p>“I told her they sell snacks in the front but she claimed that she didn’t have any money on her and asked me to buy Sophie some Goldfish."</p> <p>Ellie's mum agreed to grab the crackers on one condition - Sophie's mum had to transfer the money to her. </p> <p>“She says she paid for my kid to get in so I could cover the $2 for the Goldfish. I said no, I took care of my kid and it’s not my job to take care of hers too.</p> <p>“I told her if she wanted me to bring snacks she should’ve told me when she invited me but I won’t be wasting $2 for a 50 cent bag of Goldfish because she was unprepared.”</p> <p>She added that Sophie's mum eventually managed to get snacks for her own daughter, and wondered "if she lied about not having money".</p> <p>She then accused Sophie's mum of being "petty" for asking her to pay back for “all the times” she's used her membership to get a guest pass at the indoor playground, adding that "they regularly pay for us to join them on outings.”</p> <p>Her post was met with over 2500 comments slamming her for being “selfish”, “stingy” and “ungrateful”.</p> <p>“You were invited to a place for free that you would otherwise have had to pay for. You only packed snacks for your child? Why didn’t you also take snacks for the other child?" one wrote. </p> <p>“Yes, you did not have to do so, and that child is not your responsibility, but if I was meeting someone for a playdate for my child, not paying to get in, knowing, at some point both girls were going to be hungry, I would have packed snacks for both, as a thank you for the invitation and just because," the commenter continued. </p> <p>“If someone asked me to transfer them $2, I’m rolling my eyes big time. It’s petty, especially when someone gave you something likely far more valuable," another added. </p> <p>“Seriously. I don’t even think I could tell a stranger no when it comes to feeding their hungry child, much less a person I know and spend time with," a third commented. </p> <p>Others called the mum a "fool", for potentially causing Ellie to lose her best friend.</p> <p>“Don’t be an idiot. Apologise. You might care about 50 cents. But your daughter will lose her best friend. And that is worth a lot more. Your daughter might never get a friend like that... And the fact that universe gift wrapped a friend for your daughter. And you choose to throw it in the trash. Wow, you are truly a fool," they said. </p> <p><em>Image: Getty</em></p>

Family & Pets

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How to buy the best eggs

<p><strong>Brown eggs vs. white eggs</strong></p> <p>There are a lot of misconceptions about eggs, and chief among them is that there’s a difference in the health benefits of brown and white eggs. Unlike bread, brown and white eggs are equally nutritious. An eggshell’s hue is simply determined by the breed of hen laying it.</p> <p><strong>Free-run vs. free-range eggs</strong></p> <div> <p>Free run eggs are laid by hens housed in barns equipped with nests and perches. More space to scratch, peck and stretch their wings means less stress for the birds.</p> <p>In the case of free range eggs, the hens can roam inside barns as well as outdoors, weather permitting. Outside, they can sunbathe, dust bathe, and eat bugs, worms and grass.</p> <p><strong>Are organic eggs the best eggs?</strong></p> <p>When a carton of eggs is labelled as “organic,” it means the hens’ feed is free of herbicides, pesticides, fungicides and preservatives. A study by researchers at Pennsylvania State University found that organic eggs tend to have more vitamin A, D and E. </p> <p>What’s more, many pro chefs claim they taste richer. Certified organic farms adhere to specific standards and are inspected regularly, making their products the surest choice.</p> <p><strong>What does it mean when eggs are Omega-3-enriched?</strong></p> <p>The label “Omega-3-enriched” indicates the hens laying the eggs were fed high levels of polyunsaturated omega-3 fatty acids – essential dietary nutrients for human growth, development and general health. </p> <p>In most cases, flaxseed or fish oil has been added to the feed, occasionally lending the eggs a mild fishy flavour and aroma.</p> <p><strong>The best eggs for baking</strong></p> <p>From peewee to jumbo, eggs are graded by weight. Unless otherwise specified, choose large eggs (approximately 60 grams) when following recipes – especially when baking, where precision matters.</p> <p><strong>Health matters</strong></p> <p>Pregnant women, young children, the elderly and people with compromised immune systems should stay away from raw or partially cooked eggs to avoid the risk, however slight, of salmonella poisoning.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://www.readersdigest.co.nz/food-home-garden/how-to-buy-the-best-eggs" target="_blank" rel="noopener">Reader's Digest</a>. </em></p> </div>

Food & Wine

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15 things chefs always buy frozen

<p><strong>The best frozen foods you'll want on hand </strong></p> <p>The best frozen foods are just as much a godsend for professional chefs as they are for home cooks. Trust me – I’ve been cooking professionally since 2002, I’ve written multiple cookbooks and my freezer is perpetually packed to the gills with more than just ice cream. (Though there is a lot of ice cream.)</p> <p>And here’s a food fact you may not realise: just because a food is frozen doesn’t mean it’s not as good as one that’s fresh. The method for freezing food industrially is far different from how you freeze food at home, so you don’t have to worry about things like freezer burn. Special flash-freezing technology allows fruits and vegetables to be ‘suspended in time’ at peak freshness in mere minutes, or even seconds. This not only preserves flavour and texture but nutrients as well, making some frozen foods healthier than fresh.</p> <p>There are many reasons for chefs to turn to the best frozen foods, both at home and on the job, from saving time and kitchen space to simply sourcing a better product. (No one wants to use inferior ingredients when making their best recipes!) Here are some chef picks for the best frozen foods you’ll want to stock up on.</p> <p><strong>Berries</strong></p> <p>The season for fresh berries is short, which is why frozen berries are such a good buy. Not only are they preserved at the peak of freshness, but they also can be easier to cook with in their frozen state. “I bake with frozen berries because they are so easy to add to batters without getting mushy,” says chef, Megan Moore. “You do need to fold in the berries directly from the freezer or they get wet, but the flavour and sweetness are peak season. They are also consistently sized, so they are really perfect for things like muffins, quick breads or pancakes.”</p> <p>Just be aware that while freezing preserves the flavour of strawberries, raspberries, blackberries and blueberries, it deteriorates their structural integrity. When water freezes into jagged ice crystals, it shreds their delicate cellular structures like tissue paper. So if you’re buying berries to use whole, like for decorating cakes or tarts, it’s best to spring for fresh.</p> <p><strong>Prawns</strong></p> <p>When it comes to buying prawns, frozen almost always beats fresh. Unless you live in a coastal prawning community where you’re able to buy your crustaceans directly from the docks, nearly all the prawns you’ve ever encountered have been individually quick-frozen (IQF) directly on the boat shortly after being caught. Fresh raw prawns quickly degrade in quality as they sit, so by running them through a blast chiller almost immediately, their flavour, texture and freshness are preserved.</p> <p>As for the ‘fresh’ prawns you see on ice at fish counter? They’re more than likely previously frozen prawns that have been fully thawed. In some cases, thawed prawns may be treated with chemicals like sodium tripolyphosphate, which causes them to absorb water so they look plumper and fresher – and so they will weigh more when put on the pricing scale. One word of caution: according to chef, Cynthia Valles, you should always check the ingredients list when buying frozen prawns. The only thing that should be listed there is (of course) ‘prawns’.</p> <p><strong>Fish</strong></p> <p>Just like prawns, much of the fish you’ll find at the seafood counter isn’t as ‘fresh’ as you think. “Many popular seafood picks like scallops, Chilean sea bass, tuna and swordfish are all flash-frozen on the boat, so I always buy them frozen instead of thawed out at the fish counter,” says Moore. “Also, you never want to double-freeze fish, because the texture changes and it becomes gluey. Buying frozen fish means you don’t need to cook it immediately. If you’re not planning to prepare your fish the same day you bring it home from the market, you’re better off buying it frozen.”</p> <p>Another major plus: buying frozen is a good way to support sustainable-fishing practices. Many frozen fish products come from fisheries that follow strict sustainability guidelines to maintain the fish population and reduce the impact on marine ecosystems. Look for frozen fish with certification labels, such as the Marine Stewardship Council (MSC), so you can be sure they were sourced from sustainable fisheries or responsible aquaculture operations.</p> <p><strong>French fries</strong></p> <p>We all know fast-food chains use frozen French fries, but if you peek into most restaurant kitchens, you’ll find many chefs do too! Making French fries from scratch is a lengthy process. First, potatoes need to be cut and soaked in water to remove excess starch. Next, they’re fried (or blanched) for a few minutes in 177-degree oil, which cooks the potatoes through and leaves them pillowy soft. </p> <p>After that, they’re fried once more in oil that’s 177 degrees, which gives them their crispy, golden-brown exterior. Frozen French fries have already been pre-cooked, so when it’s time to eat, all that needs to be done is that quick final fry.</p> <p><strong>Large cuts of beef, pork and lamb</strong></p> <p>Just like bulk buyers, chefs like purchasing large quantities of meat to save money. When it comes to steaks and chops, they call the butcher, but for cheaper, braise-able cuts of meat like pork shoulder or beef brisket, it’s fine to go frozen. In fact, it can even have some benefits beyond longer storage. As the water in meat freezes, it expands, solidifying into ice crystals with jagged edges that break down muscle and connective tissues. This can help tenderise tough cuts of meat that require low and slow cooking if they’re going to stand a chance of being chewable.</p> <p>Plus, of course, you’ll have these ingredients on hand when you need them. “I prefer to buy certain meats frozen versus fresh because I don’t know if I’ll use it before it expires,” says chef, Ciro Coppola. “I’m also not sure how long food has been sitting in the food company warehouse.”</p> <p><strong>Corn</strong></p> <p>Believe it or not, corn is a food that’s quite often better frozen than fresh. That’s because corn loses flavour and nutrients as it sits at room temperature. So depending on whether it’s in season, by the time it’s gone from the farm to the market to your kitchen, fresh corn might pale in comparison to the frozen kind.</p> <p>“I love frozen corn because it’s always sweet and already cleaned,” says Moore. “It’s frozen so quickly, it isn’t starchy. I make pantry dinners like a canned black bean and frozen corn salad with a fresh lime pimentón vinaigrette. Add some fresh elements like a little red onion and chopped red bell pepper, and it tastes like you spent all day cooking! I always make a big batch – it tastes even better the next day, so it’s great for meal prep and make-ahead lunches.”</p> <p><strong>Dumplings</strong></p> <p>Making dumplings from scratch is something many chefs would rather do at work than at home. Not only that, but air-frying a bag of frozen dumplings is a lot faster than takeout! “I use frozen dumplings to make a chicken soup with bok choy, frozen broccoli and ginger,” says Moore. </p> <p>“Dress the bowls with Sriracha, soy sauce and sesame oil. Everyone loves them! It’s faster than takeout and really delicious if you have a cold.” Having these items on hand will also help you when meal planning – and when you forget to figure out your menu for the week.</p> <p><strong>Peas</strong></p> <p>You’ll rarely, if ever, find fresh peas at the supermarket, nor would you want to. These delicate pulses have a short shelf life once picked, so by flash-freezing peas shortly after harvesting, they can make it to market without losing any quality.</p> <p>“Frozen peas are one of the rare things that generally taste better than fresh,” says Moore. “They are so sweet and plump. I love adding them to pastas, stir fries and pot pies. They are also amazing as a simple salad when thawed, tossed with lemon zest, parmesan and olive oil, and served cold.”</p> <p><strong>Filo pastry</strong></p> <p>It’s rare that you’ll find a chef or baker who makes their own paper-thin filo pastry from scratch. “I love filo, and it’s super easy to use,” says Moore. “Thaw it slowly in the refrigerator or on the counter – the thin sheets will crumble if it’s not thawed correctly and will dry out if you don’t keep the pastry covered while not actively working with it."</p> <p>"But as long as your ingredients and tools are ready to go, building a spanakopita from scratch can be done in about 30 minutes. You can use frozen filo to make all sorts of sweet and savoury dishes, and the thin layers of crispy pastry are always impressive.”</p> <p><strong>Puff pastry</strong></p> <p>Any chef can tell you that making puff pastry by hand is a long, laborious process, which is why many of them prefer buying it frozen. But there is an important caveat: it must be made with real butter, not oils or shortenings. Without butter, frozen puff pastry is nearly flavourless, which can lead to disappointing results when using it in recipes. All-butter puff pastry, however, is often better than homemade, since industrial rolling machines ensure every layer of butter is equal and even.</p> <p>“I love it to make hand pies, like barbecue pulled chicken and cheddar with sautéed onions, or a chicken pot pie,” says Moore. “Use a sharp knife or pizza cutter and cut straight down so it rises high and even.”</p> <p><strong>Stock</strong></p> <p>When considering which frozen foods to buy, think of the foods chefs like to freeze themselves. “We keep our stocks and sauces like birria consommé frozen, because they’re time-consuming to make,” says Valles. Making a large amount of stock from scratch can use up every burner in a small restaurant kitchen, so leaning on freezers is key to having excellent stock to cook with later on instead of relying on canned or powdered stocks and broths. </p> <p>And yes, you can buy frozen stock or condensed frozen stock bases that you can constitute. They’re total game-changers.</p> <p><strong>Chicken breasts</strong></p> <p>Chicken is by far the most popular meat in Australia – and one of the most popular frozen foods too. Frozen chicken breasts thaw quickly and cook quickly, so by keeping them stockpiled in your freezer, you’ll always have an answer when someone in your house asks, “What’s for dinner?” And you won’t have to worry about using them up before they go bad in the fridge.</p> <p>“Frozen chicken is the main thing I buy because so many people love it,” says Moore, who says that frozen chicken cooks and tastes just as good as fresh. With no drop in quality, this is one of the best frozen foods to always keep on hand for quick and easy dinners. “For meal prep, thaw chicken breasts, marinate and grill for fast meals that taste good. With basic pantry or freezer items, you can do tacos, salads or even dice it and add to risotto. There are so many different ways to make a meal.”</p> <p><strong>Chicken nuggets</strong></p> <p>As a culinary professional who’s also the mother of two teenage boys, allow me to share a universal truth: all children prefer frozen chicken nuggets to homemade, which is why most restaurants buy them as such. It doesn’t matter how much work you put into making them from scratch or if you use any secret ingredients. This is not what kids (or most adults) want – which is finely ground chicken moulded into nugget shapes, dipped in batter and deep-fried till golden. </p> <p>And even if you do make outstanding chicken nuggets at home, your kids most certainly will not appreciate them … and they’ll probably complain that they’re “not the same” as their favourite. So just do what the chefs do: buy them frozen, save yourself the headache and have a peaceful meal.</p> <p><strong>Spinach</strong></p> <p>If you’ve ever cooked fresh spinach before, you know just how much it shrinks. To end up with one cup of cooked spinach, you’ll need about 10 cups of fresh leaves! So unless you absolutely need to use it raw, like in a salad, it makes a lot more sense to buy spinach that’s already been cooked down so you can use it immediately.</p> <p>Frozen cooked spinach tastes as good as if you’d done it yourself, which is why chefs reach for it over and over again. Plus, even with their restaurants’ big walk-in refrigerators, they still have only so much space for spinach storage.</p> <p><strong>Bread</strong></p> <p>Everyone loves being greeted at a restaurant with warm, freshly baked bread. But here’s an insider secret: most restaurants – even the ones that claim they bake their bread in-house every day – aren’t actually making their bread from scratch. </p> <p>Instead, they get loaves, rolls and breadsticks that have been partially cooked and rapidly frozen for long-term storage. When it’s time to make ‘fresh’ bread, they put it into a hot oven to bake the rest of the way. By going with frozen over fresh, you’ll never end up with a stale slice of bread.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://www.readersdigest.co.nz/food-home-garden/15-things-chefs-always-buy-frozen?pages=1" target="_blank" rel="noopener">Reader's Digest</a>. </em></p>

Food & Wine

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Pizza chain's delightfully devilish scheme lets you pay when you die

<p>A delightfully devilish pizza chain is taking the 'buy now, pay later' scheme to the next level, giving customers the chance to pay for their pizza when they die. </p> <p>HELL Pizza is inviting pizza fans to apply for the trial scheme, which involves amending their wills to have their total cost included. </p> <p>The chain has one store in Brisbane, with the rest of its stores located around New Zealand, with customers from both countries able to apply for the scheme, which involves no late fees or penalties.</p> <p>The restaurant will select 666 applicants from each country, who will be invited to sign a real amendment to their wills allowing the cost of their pizza to be collected upon death.</p> <p>According to HELL Pizza CEO Ben Cumming, pizza is one of the simple joys of life, and AfterLife Pay means diners can get their fix without having to dip into the bank account immediately.</p> <p>The scheme emerged after the business was approached by popular 'buy now, pay later' providers who wanted HELL Pizza to offer the service to its customers. </p> <p>The pizza chain's unique AfterLife Pay came as a direct response to this proposal, as a statement against “schemes trapping a growing number of Aussies in spirals of debt”, Cumming said.</p> <p>“We’re seeing a growing number of people using the schemes to buy essential items like food, and we think it’s taking it a step too far when you’ve got quick service restaurants like ours being asked to offer BNPL for what is considered a treat,” he said.</p> <p>“Especially when you consider people are falling behind in their payments and 10.5 percent of loans are in arrears."</p> <p>“AfterLife Pay is a light-hearted campaign that reinforces HELL’s stance on BNPL schemes - you can have your pizza and eat it too without any pesky late fees or penalties.”</p> <p>Applicants can apply for the scheme <a href="https://hellpizza.nz/wickedpedia/2023/05/25/buy-now-pay-much-later/" target="_blank" rel="noopener">online</a>, with the chain's restaurant assuring that you will you won't pay anything for your order until "you're resting six feet under". </p> <p><em>Image credits: HELL Pizza</em></p>

Food & Wine

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“Most reviewed bucket in bucket history”: Bizarre Bunnings buy achieves legendary status

<p dir="ltr">Everyone knows that a good review can make or break a product, but for Bunnings, some particularly enthusiastic reviewers have done more than just get their bucket’s name out there - they’ve established a new legend.</p> <p dir="ltr">The Bunnings-branded 20L Pail Bucket, which sells for $8, is now even considered to be the “most reviewed bucket in bucket history”. And if the feedback from its top fans is anything to go by, it’s all for good reason.</p> <p dir="ltr">“Wow. The legends are true,” one declared. “This bucket does far more than just bucket. Paired together with a set of drumsticks, these make fantastic drums … Do yourself a favour and buy a whole set so you can have drumming parties with a group of friends out the back with a few beers and some snags on the barbie.”</p> <p dir="ltr">And as another wrote, “attention, fellow bucket enthusiasts! Feast your eyes upon the legendary Bunnings 20L Bucket, a miraculous marvel that puts all other buckets to shame … Prepare for bucket greatness, my friends. The Bunnings 20L Bucket is here to show you what a real bucket is capable of. Bow down to the bucket supremacy and embrace the bucket revolution! Your world will never be the same again. Bucket on, my comrades!”</p> <p dir="ltr">One wrote up their success using the bucket in a practical manner, titling their take as “the bucket to end all buckets”. </p> <p dir="ltr">One proud bucket owner took a slightly different approach, sharing the tale of their noble pail when they wrote that “once upon a time, there was a humble bucket named Bertie. Bertie the Bunnings Bucket, lived in a small shed in the backyard of a cosy cottage. Every day, Bertie eagerly awaited his owner, a retired landscaper named Gus, to fill him with water. Bertie took pride in nourishing the vibrant flowers and lush plants in the garden. </p> <p dir="ltr">“Over time, Bertie became more than just a vessel; he became a symbol of growth and the beauty that can bloom with a little care.”</p> <p dir="ltr">Another wrote a poem that went a little something like “oh Bunnings buckets, sturdy and strong. So useful for tasks all day long. For gardening, cleaning, and DIY too. There's nothing these buckets can't do … Oh Bunnings buckets, you're the best. Easy to use and always impressed. With you by my side, I can't go wrong. My go-to tool, all day long!”</p> <p dir="ltr">“I purchased this because it was on my bucket list,” shared one fan of puns and buckets alike. “I was so excited I couldn’t keep a lid on it.”</p> <p dir="ltr">And even for those who couldn’t yet fork out the $8 to take the life-changing item home, respect was in the air, with one writing that they would keep saving because “this is THE Bunnings bucket. The bucket. All my mates have one, even my flash neighbours have one. It's a statement bucket.”</p> <p dir="ltr">A labrador, who goes by Tim Tam, even had their humans leave a positive message on their behalf, declaring that “my hoo mans took me to Bunnings and brought me 2 of these buckets, they are my favourite … every day I am excited to see the bucket!”</p> <p dir="ltr">And as one shopper put it quite simply, “it’s a bucket that buckets”. </p> <p dir="ltr"><em>Images: Bunnings</em></p>

Home & Garden

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5 essential tips for buying clothes online

<p>It all seems so easy – a few clicks and you can have a pretty pile of clothes (or shoes, bags, jewellery – anything you like really) delivered to your door.</p> <p>But if you’ve ever gotten a bit click-happy with your online shop and then had buyer’s remorse, read on. We’ve got some advice that will ensure you’re left with nothing but five-star reviews for the items you purchased.</p> <p><strong>1. Buy from stores you trust</strong></p> <p>Often we are left dissatisfied when we buy clothes from a brand we don’t know. The fit isn’t quite right, or the quality might be off. Try to point your credit card at labels that you know and love. You’ll know your true size, you’ll know how well the clothes stay in shape after ten washes, and you’ll know you can return it with no hassles.</p> <p><strong>2. Check your wardrobe</strong></p> <p>Often we are attracted to clothes that we think we love, but it turns out we already own something pretty similar. This could explain why you might have five blue and white striped tops (and so perhaps you don’t need another?). Think about whether the items you want to buy fit into your current collection. If you’re buying shorts, do you have some shirts to go with them? If you have your eye on a dress, do your sandals go with it?</p> <p><strong>3. Check the returns policy</strong></p> <p>Many online shopping hubs offer free returns – but it always pays to check the details. Some will only offer store credit, while others offer your money back (no question asked). You’ll also want to be sure that you can either return the items in the post (without paying for postage), or that you can pop in-store to get a refund in person. Don’t get stuck with a bag full of ill-fitting clothes that you can’t easily give back.</p> <p><strong>4. Look for discounts first</strong></p> <p>Many sites offer discounts online, but you have to know where to look to find them. Simply search online for the store name and the word ‘discount coupon’ and you should find a few options to try. Or if you want to save time, download the Honey app, which automatically applies any working coupon available on the web. Then just enjoy the savings.</p> <p><strong>5. Sign up to be notified about sales</strong></p> <p>If there is a brand or site you use often, sign up to the newsletter so that you’re in the loop about big discount sales. Often there are change of season sales, pre- and post-Christmas offers, and more. Stay in the know and plan your splurges accordingly, rather than buying now and then seeing everything half price the following week.</p> <p><em>Image credits: Getty Images</em></p>

Beauty & Style

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Woman buys three homes in Italy for $5

<p>In 2019, a US woman saw houses in Italy going for dirt-cheap prices, and within days she jetted over to Europe to see for herself.</p> <p>Originally from Brazil but living in California, Rubia Daniels now owns three of the abandoned homes, which she bought for just $US3.30 (around $AUD5) combined, according to the <em>New York Post</em>.</p> <p>However, snapping up these homes comes with a catch: the buyers must renovate the properties within a certain time frame, something that the 49-year-old is well underway with.</p> <p>When Ms Daniels, who works in the solar industry, first heard of the dirt-cheap homes being offered to help repopulate abandoned towns in Italy, she realised she had found her calling.</p> <p>“I was so amazed. It was one of those things where you have to see it to make sure it’s true,” the San Francisco resident told the outlet.</p> <p>“I did my research, and within three days I had my plane ticket, a rental car, the hotel, and I left.”</p> <p>The place she was headed for was Mussomeli, a town with a population of around 10,000 in the centre of Sicily.</p> <p>Mussomeli is just one of the many towns and villages in Italy offering up properties for remarkably low prices in an attempt to help combat dwindling populations.</p> <p>It’s a trend that predates the COVID pandemic.</p> <p>Back in 2019, the Sicilian town of Sambuca di Sicilia gained substantial traction for selling its abandoned homes for €1 (around $A1.60 at the time).</p> <p>In 2021, another string of homes were up for sale there, bringing the price up to €2.<br />The southern Italian town of Laurenzana jumped on the trend in 2021 and offered up its own abounded homes for €1 each.</p> <p>Although prices remained astoundingly low, the properties required anywhere between $A35,000 to $A135,000 to restore, with owners having three years to complete the job.</p> <p>In Mussomeli, Ms Daniels has different plans for each structure she purchased.</p> <p>One property will be dedicated to when she stays in town. Meanwhile, in an effort to give back to the community, she has plans to convert the second into an art gallery and the third into a wellness centre. The wellness centre will be her most significant renovation.</p> <p>After her initial purchase in July 2019, Ms Daniels began her restoration process later that year.<br />Currently, the exteriors of two properties are completed, with the last one yet to begin, but 2020 slowed down the initial progress.</p> <p>“Covid-19 happened and we weren’t allowed to go back, so I just started renovations again last year,” she said.</p> <p>Mussomeli is special for Ms Daniels as it reminded her of her hometown near the Brazilian capital of Brasilia.</p> <p>Aside from hitting the jackpot with her properties, she’s received a warm welcome from the community.</p> <p>“People were super welcoming and everyone wanted to have a coffee with me,” she told <em>Insider</em>.</p> <p>“The realtors embraced me like a sister – they were with me every single day through the time I was there.”</p> <p><em>Image credit: Instagram</em></p>

International Travel

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Picking up a King Charles III coronation commemorative plate? You’re buying into a centuries-old tradition

<p>Mugs and plates celebrating the coronations, marriages and deaths of British royalty are not unusual sights in the Australian home. With the forthcoming coronation of King Charles III on May 6, such memorabilia cluttering our cupboards are only likely to increase. </p> <p>Guides to “<a href="https://www.houseandgarden.co.uk/article/king-charles-coronation-memorabilia-2023">the best King Charles III memorabilia</a>” are already advising what souvenirs to buy, including commemorative coins, biscuit tins, tea towels, plates and, of course, mugs. </p> <p>Yet the royal souvenir is not a recent invention.</p> <h2>History of the royal mug</h2> <p>The tradition of celebrating royal events with a mug or drinking vessel dates to at least the 17th century when the current king’s ancestor and namesake, Charles II, was restored to the English throne in 1660-1. </p> <p>Several mugs and cups produced at the time have survived and depict the “<a href="https://www.historyextra.com/period/stuart/charles-ii-guide-restoration-why-merry-monarch-how-many-children-rule/">merry monarch</a>”.</p> <p>The restoration of Charles II (after his father Charles I had been executed by order of parliament in 1649) was greeted with rejoicing throughout England, Scotland and Ireland. </p> <p>The famous social climber and diarist Samuel Pepys embodied the general feeling of this time when he wrote that on the day of Charles II’s coronation he watched the royal procession with wine and cake and all were “<a href="https://www.pepysdiary.com/diary/1661/04/22/">very merry</a>” and pleased at what they saw.</p> <p>Drinking and eating in celebration may account for why mugs and plates were, and remain, such popular forms of royal memorabilia; they were used to <a href="https://stuarts.exeter.ac.uk/education/objects/delftware-cup-c-1661/">drink loyal toasts</a> of good health to the monarch on special days of celebration. </p> <p>While a strong ale was the preferred liquid for 17th-century toasts, as the British Empire expanded tea drinking became a common pastime. Teacups became popular royal souvenirs during the reign of Queen Victoria in the 19th century.</p> <h2>Fostering support</h2> <p>The earthenware mugs made for Charles II’s coronation were relatively inexpensive, but not produced on a mass scale. </p> <p>With the industrial revolution of the 19th century and the rise of souvenir culture, royal memorabilia in all forms became more <a href="https://theconversation.com/royal-family-why-even-a-charles-and-diana-divorce-mug-is-important-for-the-monarchy-176588">popular and widespread</a>. </p> <p>Since 1900, royal births, deaths, marriages and coronations have been big money for manufacturers of royal memorabilia.</p> <p>The pitfalls of mass production were realised in 1936 when Edward VIII abdicated from the throne just months before his planned coronation in May 1937. Manufacturers were stuck with <a href="https://trove.nla.gov.au/newspaper/article/178313173?searchTerm=%22coronation%20mug%22">thousands of mugs</a>, plates and other items celebrating the coronation of a king that would not happen. </p> <p>Many of these mugs still made their way out to the market, while other manufacturers such as Royal Doulton <a href="https://www.britishmuseum.org/collection/object/H_2012-8022-5-a-c">adapted existing designs</a> and used them for the coronation of his brother, George VI.</p> <p>English monarchs were not the only royals to encourage the use of their image on objects collected, worn or used by their subjects. </p> <p>Renaissance Italian princes popularised the <a href="https://www.metmuseum.org/exhibitions/listings/2016/renaissance-portrait-medals/exhibition-themes">portrait medal</a> and the Holy Roman Emperor and King of Spain, Charles V, fostered support in his vast territories using mass-produced medallions <a href="https://www.metmuseum.org/art/collection/search/197126">bearing his image</a>.</p> <p>Objects with images of royalty served similar functions in the 20th century. Australian school children were often <a href="https://trove.nla.gov.au/newspaper/article/141777602?searchTerm=%22coronation%20mug%22">given medals</a>to commemorate coronations, while children in England were gifted pottery mugs to drink to the sovereign’s health. </p> <p>When Elizabeth II was crowned in 1953, <a href="https://www.liverpoolmuseums.org.uk/artifact/coronation-of-hm-queen-elizabeth-ii">English children</a>received mugs, tins of chocolate and a spoon or coin.</p> <h2>Measuring popularity</h2> <p>Royal memorabilia don’t just foster support but act as a barometer of the popularity of the royal family around the globe. </p> <p>Coronation mugs became popular in the reign of Charles II in 1661 because these objects captured the joyous feeling of a nation that had endured 20 years of warfare and political chaos.</p> <p>Support for the royal family has often been shown through royal weddings and marriages: plates depicting Charles II and his Portuguese bride, Catherine of Braganza, were made to celebrate their union in 1662.</p> <p>Recently a <a href="https://www.smithsonianmag.com/smart-news/metal-detectorist-discovers-rare-gold-pendant-celebrating-henry-viiis-first-marriage-180981557/">gold pendant</a> inscribed with the initials of Henry VIII and his first wife, Catherine of Aragon, likely worn by a supporter, was also discovered.</p> <p>For Prince William and Kate Middleton’s highly anticipated wedding in 2011, thousands of types of mundane and wacky <a href="https://www.latimes.com/entertainment/gossip/la-et-royal-wedding-souvenirs-pictures-photogallery.html">souvenirs</a> were produced, such as plates, mugs, magnets, graphic novels, toilet seat covers and PEZ dispensers.</p> <p>Over 1,600 lines of official merchandise were produced for the marriage of Princes Charles to Lady Diana Spencer in 1981. <a href="https://issuu.com/accpublishinggroup/docs/june_july_2022_mag/s/15960301">Less than 25 lines</a> were produced for Charles’ unpopular second marriage to Camilla Parker Bowles in 2005.</p> <p>While Charles may not be <a href="https://www.forbes.com/sites/danidiplacido/2023/03/01/celebrities-dont-care-to-perform-for-king-charles-iii/?sh=56487b7a20f8">as popular</a> as his mother, coronation fever has most definitely taken hold in the United Kingdom. Royal fans are set to spend £1.4 billion (A$2.6 billion) on <a href="https://www.thesun.co.uk/money/21911733/shoppers-spend-billion-king-coronation-may/">coronation parties and souvenirs</a>. </p> <p>The availability of coronation souvenirs and party supplies in Australia is somewhat more limited – perhaps an indicator of Australia’s diminishing appetite for the royal family amid increased calls for another <a href="https://www.abc.net.au/news/2022-12-24/king-charles-australias-head-of-state-alternative-republic/101470156">vote on a republic</a>.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://theconversation.com/picking-up-a-king-charles-iii-coronation-commemorative-plate-youre-buying-into-a-centuries-old-tradition-200646" target="_blank" rel="noopener">The Conversation</a>. </em></p>

Home & Garden

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Parents leave baby at airport counter after refusing to buy extra ticket

<p>A couple were checking in for a flight from Ben Gurion International Airport to Brussels, Belgium on Tuesday when they made the decision to leave their baby behind. </p> <p>Upon their arrival at the airport check-in desk in Tel Aviv, Israel, it was revealed that the baby did not have a ticket. Rather than address the situation and ensure their child’s safe travel, the pair opted to proceed to security without their stroller and its young occupant. </p> <p>The airline they were flying with, Ryanair, state on their website that "infants can be included in a flight reservation during the online booking process." </p> <p>Following their process for booking with an infant, a message will pop-up to let travellers know there is a €25 charge (approximately $39) for each one-way flight the baby participates in from an adult’s lap. If the adults want the baby to travel in a seat of its own with the proper equipment, a seat must be paid for. </p> <p>The parents, apparently, had not made such arrangements for their baby. The matter was referred to officials, as confirmed by a Ryanair spokeswoman.</p> <p>"These passengers travelling from Tel Aviv to Brussels presented at check-in without a booking for their infant,” she told <em>CNN</em>, “they then proceeded to security leaving the infant behind at check-in.</p> <p>"The check-in agent at Ben Gurion Airport contacted Airport Security, who retrieved these passengers, and this is now a matter for local police."</p> <p>Reports of the situation were confirmed by the Israeli Airport Authority, who provided a statement to <em>CNN </em>and offered some more information into what went on. </p> <p>"A couple and an infant with Belgian passports arrived for a flight at Terminal 1 without a ticket for the baby,” it read. </p> <p>“The couple also arrived late for the flight, once the check-in for the flight was closed. The couple left the infant seat with the baby and ran toward the security checks at Terminal 1 in an attempt to reach the boarding gate for the flight."</p> <p>A video allegedly from the airport at the time, staff can be heard expressing their sadness for the child. Another woman exclaims, “she left him there, I swear!”</p> <p>Ryanair staff also voiced their shock over the incident, telling <em>N12</em>, “we’re never seen anything like it.” </p> <p>Despite reports that the parents were detained, an Israel Police spokesman told <em>CNN </em>that the matter appeared to have been resolved by the time law enforcement arrived on the scene, stating that "the baby was with the parents and there's no further investigation."</p> <p><em>Images: Getty </em></p>

Travel Trouble

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Why you should beware spending rewards and BNPL programs

<p>Malware is software designed to disrupt and destroy, and there are plenty of ‘wolf in sheep’s clothing’ financial programs doing just that to people’s financial futures. Some that come to mind are programs (yes, they’re called ‘programs’) that make it easier to spend and / or reward and incentivise spending, and harder to make good financial decisions. When you get tricked into spending, or spending more than you otherwise would, you transfer your wealth to someone else. The more wealth you consume, the less you have for later on. Let’s consider two marketing malware culprits to avoid wherever possible.</p> <p><strong>Rewards Programs</strong></p> <p>Beware programs that trick you into thinking that spending is good.</p> <p>Consider Flybuys for example. It is a rewards program where you generally receive one Flybuys point for every dollar spend. Therefore, to earn 1 000 000 Flybuys points, you need to spend $1 000 000. What if I told you that the cash value of one Flybuys point is 0.5 cents? That would mean to earn 1 000 000 Flybuys points you’d have to spend $1 000 000, yet that $1 000 000 is really only ‘worth’ $5000. They’ve actually created a system where you think you’re being rewarded on a one-for-one basis (i.e. one dollar spent equals one point) when really you’re being rewarded at the rate of half of one cent for every dollar spent.</p> <p>Additionally, when it comes time to redeem your points, the products you can ‘purchase’ are valued at top dollar, rather than at any discounted price you might be able to find if you shopped around.</p> <p><strong>Buy Now Pay Later (BNPL)</strong></p> <p>Back in the day, department stores offered something called lay-by. This was where you could grab a product off the shelf, take it to the store’s lay-by counter and enter an arrangement with them to pay it off over two or three instalments. Once you’d made the final payment, the product was yours to own and take home. Lay-by was a great option for people who couldn’t access or didn’t want to use credit cards. There were no upfront fees associated with lay-by, and there was certainly no interest charged. </p> <p>Lay-by has been reborn and rebadged as BNPL; you pay by instalments, and you can take the product with you immediately. You won’t pay any fees provided you make the required instalments in full and on time. If you don’t, then you’ll be slugged with establishment fees, late fees, account-keeping fees and payment processing fees.</p> <p>The danger is that BNPL is easier to access than traditional debt options such as credit cards because BNPL is not technically credit since providers don’t charge interest. But BNPL is consumer debt with instant gratification, and that makes it credit in my book.</p> <p>Afterpay is one of the biggest BNPL providers on the planet. It advertises that it is a ‘free service’, provided you pay on time. If you don’t,  their late fee is $10 per missed payment, plus an additional $7 if the payment is still outstanding after a week. It doesn’t sound like a lot, but if you had bought something that only cost $20 and forgot to make a $5 instalment, then the $10 fee is 200 per cent of the missed payment. Ouch! Don’t forget that the fee is per missed payment. If there were other purchases made, then the fee would compound.</p> <p>Late fees, however small, can quickly cascade into a significant sum of money, potentially many times more than the instalment due or even the price of the item purchased. Plus, there are other consequences of missed payments—black marks on credit records, difficulties borrowing for other debt such as a home loan, and the possibility of additional fees as debts are passed over to debt collectors.</p> <p>BNPL organisations profit from users who fail to meet their repayment obligations, and so part and parcel of running a successful business and growing profits would involve them doing well when their customers do poorly. You can’t expect corporate behemoths to do the right thing by you if it’s the wrong thing by them. The best you can do is gain the skills and awareness you need to know when you’re being played. Marketing malware disrupts your ability to accumulate wealth by tricking you into believing you are getting a better deal than is the case. Ideally, you’d avoid using it at all, but if it’s too late for that, then you need to clean up your code as soon as you can.</p> <p>Being rewarded for spending money you haven’t yet earned is a toxic combination that will poison your efforts to attract and keep a fortune that counts.  Make sure you are a good shepherd of your financial flock by being vigilant in keeping an eye out for marketing malware wolves, and not falling for their enticing yet financially disempowering charms. </p> <p><strong>Edited extract from Steve McKnight’s <em>Money Magnet: How to Attract and Keep a Fortune that Counts</em> (Wiley $32.95), now available at all leading retailers. Visit www.moneymagnet.au</strong></p> <p><em>Image: Getty Images</em></p>

Money & Banking

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We know sweatshop clothing is bad – and buy it anyway. Here’s how your brain makes excuses

<p>You face a dilemma. You’ve found the perfect shirt, and it’s an absolute bargain, but you notice it’s “Made in Bangladesh”. You’re conscious it was probably made using cheap labour. Do you buy it, or walk away? </p> <p>Recently, Oxfam released its annual <a href="https://www.oxfam.org.au/what-she-makes/naughty-or-nice-2022/">Naughty or Nice</a> list. This list highlights retail brands committed to transparent sourcing, separating labour costs in price negations, and conducting a wage gap analysis to work towards paying workers a living wage.</p> <p>This list is one of several resources trying to encourage ethical consumption. Yet despite concerns of sweatshop labour, and consumers claiming they’re <a href="https://link.springer.com/chapter/10.1007/978-981-10-2976-9_5">willing to pay more</a> for ethically-sourced clothes, there remains high demand for ultra-low-price mass-produced clothing.</p> <p>The explanation lies in a psychological phenomenon called <a href="https://www.sciencedirect.com/topics/psychology/motivated-reasoning">motivated reasoning</a>. It explains how people convince themselves sweatshop labour is actually okay, as long as the product is desirable.</p> <h2>The many costs of low-priced apparel</h2> <p>Consumption is an individualistic act. It allows us to distinguish ourselves through our clothing, culture, and even the entertainment we consume. <a href="https://www.cairn.info/revue-rimhe-2016-5-page-45.htm">Ethical consumption</a> is when consumers consider the wider environmental and societal impacts of what they consume, including <a href="https://www.tandfonline.com/doi/abs/10.1080/0267257X.2012.659280">when they purchase clothing</a>.</p> <p>Revenue from the global apparel market is expected to reach <a href="https://www.statista.com/topics/5091/apparel-market-worldwide/#topicHeader__wrapper">US$2 trillion</a> (about A$3 trillion) by 2026. Asia remains the garment factory of the world. It accounts for 55% of global textiles and clothing exports, and employs some <a href="https://www.ilo.org/asia/media-centre/news/WCMS_848238/lang--en/index.htm">60 million workers</a>. </p> <p>And the International Labour Organisation has estimated <a href="https://www.ilo.org/wcmsp5/groups/public/---ed_norm/---ipec/documents/publication/wcms_797515.pdf">160 million children</a>aged 5 to 17 were engaged in child labour at the beginning of 2020 – many of which would have worked in the fashion supply chain.</p> <h2>Isn’t any job better than no job?</h2> <p>A common defence by manufacturers that use exploitative labour arrangements is that such work is often <a href="https://scholar.uwindsor.ca/cgi/viewcontent.cgi?article=1008&amp;context=csspe">the best option available</a> for those workers. Workers voluntarily accept the conditions, and their employment helps with <a href="https://link.springer.com/article/10.1007/s12122-006-1006-z">long-term economic development</a>. </p> <p>At the same time, emerging research argues sweatshops are the <a href="https://journals.sagepub.com/doi/full/10.1177/0950017020926372">result of consumer choice</a>, wherein retailers are simply responding to a demand for ultra-low-price fashion. This infers that if there was no demand, there would be no sweatshops.</p> <p>But one problem with holding consumers responsible is that the vast majority aren’t aware of how their clothes are made. Despite “supply chain transparency” being credited for increasing <a href="https://onlinelibrary.wiley.com/doi/abs/10.1002/cb.1852">brand legitimacy and trust</a>, true transparency is <a href="https://www.tandfonline.com/doi/full/10.1080/10304312.2021.1993575?scroll=top&amp;needAccess=true">difficult to attain</a>, even for retailers, due to the disjointed and <a href="https://www.forbes.com/sites/forbestechcouncil/2022/03/18/why-fashion-supply-chain-traceability-is-a-tech-challenge-that-begins-with-ai/?sh=362e093d5f6d">distant elements</a> of how products move through the supply chain (which includes suppliers, producers, manufacturers, distributors and retailers).</p> <p>Our own <a href="https://www.emerald.com/insight/content/doi/10.1108/JFMM-06-2021-0158/full/html">research</a> into consumers’ perception of worker welfare found people struggle to connect the $5 shirt they bought with the person who made it, or how it was made.</p> <h2>Motivated reasoning</h2> <p>Oxfam’s Naughty or Nice list aims to name (and essentially shame) retail brands that fail to disclose which factories they source product from, and how they manage sourcing integrity. The logic is that if consumers are aware of which brands disclose their ethical sourcing strategies, then they’ll make more informed purchase decisions. </p> <p>Unfortunately, it’s not that simple. Our brains are wired to arrive at conclusions we prefer, as long as we maintain an <a href="https://psycnet.apa.org/fulltext/1991-06436-001.pdf?auth_token=dfa958470d287abcbf517c0362958f295e8fff44">illusion of objectivity</a>. And we do this even when the evidence is contrary to our beliefs.</p> <p>A person can consider themselves an ethical consumer (which forms part of their “<a href="https://positivepsychology.com/self-concept/">self-concept</a>”) and still buy a $5 shirt, though they suspect it may have been made in a sweatshop. They may tell themselves “any job is better than no job” for workers, or “money saved today is money to spend on the children tomorrow”. In doing so they convince themselves they have objectively considered the purchase.</p> <p>The <a href="https://journals.sagepub.com/doi/full/10.1509/jmkr.45.6.633">theory of self-concept</a> explains how consumers can justify the “ethical burden” away. It also suggests people use higher-order thinking to rationalise and <a href="https://journals.sagepub.com/doi/10.1207/s15327957pspr0303_3">justify personal transgressions</a>.</p> <p>Most of us are so distant from supply chain exploitation, and so hooked on scoring a bargain, that seeing a list of “naughty” retail brands won’t change our behaviour. </p> <h2>Evidence of motivated reasoning</h2> <p>Researchers have studied how we use motivated reasoning to arrive at <a href="https://www.sciencedirect.com/science/article/abs/pii/S0749597813000149">more preferable outcomes</a> that help protect our self-concept.</p> <p>In one experiment they examined whether participants would use economic justifications (such as “any job is better than no job”) to book a Caribbean holiday at a resort associated with questionable labour practices. They found participants were likely to rationalise their choice and take the holiday despite claims of exploitative working conditions. </p> <p>In a second study they explored the link between justifications for sweatshop labour and product desirability. As predicted, economic justifications were higher for highly desirable sweatshop-made shoes. Other studies have found motivated reasoning being employed to justify <a href="https://journals.sagepub.com/doi/abs/10.1177/0146167299025001003">keeping overpayments</a> and <a href="https://link.springer.com/article/10.1007/s10551-017-3698-9">self-allocating annual bonuses</a>, among <a href="https://www.tandfonline.com/doi/abs/10.1080/17524032.2014.932817">other examples</a>. </p> <h2>How can you shop more ethically?</h2> <p>The bottom line is ethical consumption must be internally motivated. The good news is once you have this motivation, there are a number of resources to help you. </p> <p><strong>Knowledge is power</strong></p> <p>Oxfam’s Naughty or Nice report, Clean Clothes’ <a href="https://cleanclothes.org/campaigns/the-accord/brand-tracker">Brand Tracker</a>, <a href="https://www.fairwear.org/">Fair Wear</a>, <a href="https://goodonyou.eco/about/">Good On You</a>, and Fashion Revolution’s <a href="https://www.fashionrevolution.org/about/transparency/">Fashion Transparency Index</a> are all great resources to identify which brands disclose their social policies, practices, and impacts in their operations and supply chain. </p> <p><strong>Brand accreditations</strong></p> <p>Most brands will disclose if they have their ethical credentials certified by organisations such as <a href="https://ethicalclothingaustralia.org.au/about/">Ethical Clothing Australia</a>, <a href="https://www.wrapcompliance.org/">WRAP</a> or <a href="https://www.fairtrade.net/about/certification">Fairtrade International</a>. These <a href="https://ethicalclothingaustralia.org.au/steps-to-accreditation/">accreditations</a> generally involve a rigorous process of independent eligibility tests, compliance with guidelines and external annual audits.</p> <p><strong>Self-reporting</strong></p> <p>Many leading brands provide their policies on ethical sourcing and slave labour online (see <a href="https://www.kmart.com.au/modernslavery/">Kmart and Target</a> and <a href="https://www.wesfarmers.com.au/docs/default-source/sustainability/sustainability-documents/2108261641-wesfarmers-approach-to-human-rights.pdf?sfvrsn=237912bb_20#xd_co_f=ODY2ZWYyMGYtMDY4My00ZmQ1LTg4NmEtNjBjOTM0YmFhM2Nm%7E">Wesfamers</a>). Make sure the claims are made in accordance with reporting requirements from <a href="https://www.homeaffairs.gov.au/criminal-justice/Pages/modern-slavery.aspx">Australia’s Modern Slavery Act 2018</a>.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://theconversation.com/we-know-sweatshop-clothing-is-bad-and-buy-it-anyway-heres-how-your-brain-makes-excuses-192944" target="_blank" rel="noopener">The Conversation</a>. </em></p>

Beauty & Style

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You’re wasting your money if you’re buying these 13 things in brand-new condition

<p><strong>Exercise equipment</strong></p> <p>There’s a good chance exercise equipment like treadmills, ellipticals, and dumbbells, are still in good condition.</p> <p>“Many people buy these items with the intentions of starting a regimen but fall off quickly and then try to unload these bulky goods that take up too much room,” says consumer and money-saving expert Andrea Woroch.</p> <p>Just make sure to research the brand and test the equipment before you buy, she says. In addition to the usual spots like garage sales, a local gym that’s getting renovated might be selling old equipment at killer prices, says Woroch.</p> <p><strong>Hand tools</strong></p> <p>There are so many used hand tools like hammers and wrenches on the market that there’s no reason to buy new, says Shelton.</p> <p>If you’re on the market, he recommends checking out a surprising spot.</p> <p>“Pawnshops are a great place for used tools,” says Shelton.</p> <p>“A lot of times they’re coming from trade because people change jobs.”</p> <p><strong>Gift cards</strong></p> <p>“Buying gift cards used may seem like an unusual idea, but it’s actually becoming more mainstream as a unique way to save money,” says Woroch. </p> <p>You can save 10 to 30 percent on store credit at your go-to shops, or gift cards to give as presents, she says.</p> <p><strong>Tech gadgets</strong></p> <p>At the rate new technology comes out, a used phone or laptop from five years ago probably isn’t worth the buy.</p> <p>But last year’s model could be a great value without making you feel like a dinosaur.</p> <p>For instance, Apple sells certified refurbished laptops and computers with limited warranties.</p> <p>Head to a big-box store or phone carrier for a refurbished smartphone, which are usually good quality, says Shelton.</p> <p>Beware of buying used tech from companies you don’t know though.</p> <p>“It’s already an off-brand, cheaply made product,” he says.</p> <p>“If it’s been refurbished, it’s already had an issue, so there’s a pretty good chance it won’t last very long.”</p> <p><strong>Sports gear</strong></p> <p>Equipment for specific sports, like skis or golf clubs, are also a good idea to pick up used, says Shelton.</p> <p>Beginners often buy the items but don’t stick with the sport, meaning the gear is still in great condition.</p> <p>And if you don’t want to be that person shelling out hundreds on a sport you or your kid doesn’t love, you won’t lose much on a used version.</p> <p>“If you find out you don’t like it, you could sell it to someone else and save money in the process,” says Shelton.</p> <p><strong>Vehicles</strong></p> <p>“New cars lose considerable value as soon as they leave the dealership’s lot, so it’s always best to buy used,” says Woroch.</p> <p>Find a model that’s a year old and doesn’t have many miles for a like-new ride that costs way less.</p> <p>You can even find cars on sites like Gumtree or eBay, but don’t take the price at face value.</p> <p>Always negotiate with the seller.</p> <p><strong>Furniture</strong></p> <p>You can save tons of cash on furniture by buying preowned instead of new, especially if you shop at the right time.</p> <p>Tax season, spring-cleaning time, and the holidays usually have the best prices and most options because people are often trying to downsize or sell those big-ticket items, says Shelton.</p> <p><strong>Clothing</strong></p> <p>Thrifting your clothes can save you up to 90 percent on everything from jeans to tuxedos, says Woroch. Baby clothes are especially good to buy used.</p> <p>“They’re going to outgrow it so fast,” says Shelton.</p> <p>There’s a good chance the original buyers over-bought or received the outfits as gifts, so items are often like-new or even unworn.</p> <p>Low price tags make consignment shops a good way to test-run trends that you’re not sure you’ll stick with, says Shelton.</p> <p>Even if you get sick of that pair of jeans by next year, you won’t waste much money.</p> <p>Footwear is the one exception.</p> <p>Shoes tend to wear around a person’s specific foot shape, so a used pair probably won’t be too comfy, says Shelton.</p> <p>Cleaning antique clothing is an exercise in avoiding modern con­veniences, which are generally too harsh for fragile fabrics.</p> <p><strong>Musical instruments</strong></p> <p>Older models of musical instruments might actually be better quality than the ones you’ll find new on the shelf.</p> <p>“Corporations find ways to cut corners and use plastic vs. metal,” says Shelton.</p> <p>“Newer technology doesn’t have the same kind of tonal quality and build.”</p> <p>Do a bit of research before you buy, and test the instrument if you can.</p> <p><strong>Large appliances</strong></p> <p>Ask the sellers how long they’ve been using it, and test it to make sure it works before you put any money down.</p> <p>You could also head to an appliance repair shop to see if they’re selling refurbished items.</p> <p>“That’s a good buy if it’s a good price, because it’s been looked over by a technician who knows what they’re doing and can make sure it will work for you,” says Shelton.</p> <p>As a bonus, those shops will probably take your old one off your hands when they deliver the new-to-you one, so you don’t have a bulky appliance lying around.</p> <p><strong>Textbooks</strong></p> <p>“The unwritten rule is never buy textbooks new,” says Shelton.</p> <p>“Sometimes you find nice little gems in there, like people highlighted things on your test or let good notes.”</p> <p>Buying used textbooks used to be a wild race, but with eBooks surging, it’s easier to find what you want, he says.</p> <p><strong>Bikes</strong></p> <p>A new bicycle can cost hundreds of dollars, but a used one will cost a fraction of the price.</p> <p>You can even buy just the frame, and beef it up with more expensive parts from another seller, she says.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://www.readersdigest.co.nz/money/youre-wasting-your-money-if-youre-buying-these-13-things-brand-new-condition?pages=1" target="_blank" rel="noopener">Reader's Digest</a>. </em></p>

Home & Garden

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You’re wasting your money if you’re buying these 13 things in brand-new condition

<p>Used items can be the same great quality at a fraction of the price. Let someone else do all the hard work breaking these things in.</p> <p><strong>Exercise equipment</strong></p> <p>There’s a good chance exercise equipment like treadmills, ellipticals, and dumbbells, are still in good condition.</p> <p>“Many people buy these items with the intentions of starting a regimen but fall off quickly and then try to unload these bulky goods that take up too much room,” says consumer and money-saving expert Andrea Woroch.</p> <p>Just make sure to research the brand and test the equipment before you buy, she says. In addition to the usual spots like garage sales, a local gym that’s getting renovated might be selling old equipment at killer prices, says Woroch.</p> <p><strong>Hand tools</strong></p> <p>There are so many used hand tools like hammers and wrenches on the market that there’s no reason to buy new, says Shelton.</p> <p>If you’re on the market, he recommends checking out a surprising spot.</p> <p>“Pawnshops are a great place for used tools,” says Shelton.</p> <p>“A lot of times they’re coming from trade because people change jobs.”</p> <p><strong>Gift cards</strong></p> <p>“Buying gift cards used may seem like an unusual idea, but it’s actually becoming more mainstream as a unique way to save money,” says Woroch. You can save 10 to 30 percent on store credit at your go-to shops, or gift cards to give as presents, she says.</p> <p><strong>Tech gadgets</strong></p> <p>At the rate new technology comes out, a used phone or laptop from five years ago probably isn’t worth the buy.</p> <p>But last year’s model could be a great value without making you feel like a dinosaur.</p> <p>For instance, Apple sells certified refurbished laptops and computers with limited warranties.</p> <p>Head to a big-box store or phone carrier for a refurbished smartphone, which are usually good quality, says Shelton.</p> <p>Beware of buying used tech from companies you don’t know though.</p> <p>“It’s already an off-brand, cheaply made product,” he says.</p> <p>“If it’s been refurbished, it’s already had an issue, so there’s a pretty good chance it won’t last very long.”</p> <p><strong>Sports gear</strong></p> <p>Equipment for specific sports, like skis or golf clubs, are also a good idea to pick up used, says Shelton.</p> <p>Beginners often buy the items but don’t stick with the sport, meaning the gear is still in great condition.</p> <p>And if you don’t want to be that person shelling out hundreds on a sport you or your kid doesn’t love, you won’t lose much on a used version.</p> <p>“If you find out you don’t like it, you could sell it to someone else and save money in the process,” says Shelton.</p> <p><strong>Vehicles</strong></p> <p>“New cars lose considerable value as soon as they leave the dealership’s lot, so it’s always best to buy used,” says Woroch.</p> <p>Find a model that’s a year old and doesn’t have many miles for a like-new ride that costs way less.</p> <p>You can even find cars on sites like Gumtree or eBay, but don’t take the price at face value.</p> <p>Always negotiate with the seller.</p> <p><strong>Furniture</strong></p> <p>You can save tons of cash on furniture by buying preowned instead of new, especially if you shop at the right time.</p> <p>Tax season, spring-cleaning time, and the holidays usually have the best prices and most options because people are often trying to downsize or sell those big-ticket items, says Shelton.</p> <p>Even if your buy doesn’t look the right colour at first, you can easily treat and stain it.</p> <p><strong>Clothing</strong></p> <p>Thrifting your clothes can save you up to 90 percent on everything from jeans to tuxedos, says Woroch. Baby clothes are especially good to buy used.</p> <p>“They’re going to outgrow it so fast,” says Shelton.</p> <p>There’s a good chance the original buyers over-bought or received the outfits as gifts, so items are often like-new or even unworn.</p> <p>Low price tags make consignment shops a good way to test-run trends that you’re not sure you’ll stick with, says Shelton.</p> <p>Even if you get sick of that pair of jeans by next year, you won’t waste much money.</p> <p>Footwear is the one exception.</p> <p>Shoes tend to wear around a person’s specific foot shape, so a used pair probably won’t be too comfy, says Shelton.</p> <p>Cleaning antique clothing is an exercise in avoiding modern con­veniences, which are generally too harsh for fragile fabrics.</p> <p><strong>Musical instruments</strong></p> <p>Older models of musical instruments might actually be better quality than the ones you’ll find new on the shelf.</p> <p>“Corporations find ways to cut corners and use plastic vs. metal,” says Shelton.</p> <p>“Newer technology doesn’t have the same kind of tonal quality and build.”</p> <p>Do a bit of research before you buy, and test the instrument if you can.</p> <p><strong>Large appliances</strong></p> <p>Ask the sellers how long they’ve been using it, and test it to make sure it works before you put any money down.</p> <p>You could also head to an appliance repair shop to see if they’re selling refurbished items.</p> <p>“That’s a good buy if it’s a good price, because it’s been looked over by a technician who knows what they’re doing and can make sure it will work for you,” says Shelton.</p> <p>As a bonus, those shops will probably take your old one off your hands when they deliver the new-to-you one, so you don’t have a bulky appliance lying around.</p> <p><strong>Textbooks</strong></p> <p>“The unwritten rule is never buy textbooks new,” says Shelton.</p> <p>“Sometimes you find nice little gems in there, like people highlighted things on your test or let good notes.”</p> <p>Buying used textbooks used to be a wild race, but with eBooks surging, it’s easier to find what you want, he says.</p> <p><strong>Bikes</strong></p> <p>A new bicycle can cost hundreds of dollars, but a used one will cost a fraction of the price.</p> <p>You can even buy just the frame, and beef it up with more expensive parts from another seller, she says.</p> <p><em><span id="docs-internal-guid-e5703e99-7fff-6440-d47d-6cf00dc79d0b">Written by Marissa Laliberte. This article first appeared in <a href="https://www.readersdigest.co.nz/money/youre-wasting-your-money-if-youre-buying-these-13-things-brand-new-condition" target="_blank" rel="noopener">Reader’s Digest</a>. For more of what you love from the world’s best-loved magazine, <a href="http://readersdigest.innovations.co.nz/c/readersdigestemailsubscribe?utm_source=over60&amp;utm_medium=articles&amp;utm_campaign=RDSUB&amp;keycode=WRA87V" target="_blank" rel="noopener">here’s our best subscription offer.</a></span></em></p> <p><em>Image: Getty Images</em></p>

Money & Banking

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Outspoken transgender activist buys Miss Universe pageant for $31 million

<p dir="ltr">A Thai business tycoon, celebrity, and transgender activist has purchased the Miss Universe Organisation for a hefty $31 million ($NZD 34 million,) according to an announcement made by her company.</p> <p dir="ltr">Chakrapong ‘Anne’ Chakrajutathib, who has starred in reality shows and spoken out about being a transgender woman, controls JKN Global Group Public Co Ltd, which acquired the rights to the beauty pageant - which is broadcast to 165 countries - from IMG Worldwide LLC, a sports, talent and events marketing company.</p> <p dir="ltr">IMG has held the rights to the Miss Universe pageant since 2015, with former President Donald Trump partially owning it for 19 years until IMG’s purchase.</p> <p dir="ltr">To own the Miss Universe Organisation, JKN said it established a US subsidiary called JKN Metaverse Inc.</p> <p dir="ltr">In a statement, Ms Chakrapong said the purchase was a “strong, strategic addition to our portfolio”, which includes content distribution, beverages, food supplements, beauty and consumer products.</p> <p dir="ltr">JKN said the addition of the Miss Universe Organisation would see them use the name to promote its consumer products.</p> <p dir="ltr">A profile in the <em>Bangkok Post</em> on Ms Chakrapong, who founded the non-profit group Life Inspired for Transsexual Foundation to promote trans rights, said she was harassed for identifying as female while studying at an all-male school.</p> <p dir="ltr">When she saw financial success, Ms Chakrapong spent $1.5 million on sex reassignment surgery and other procedures, according to the outlet.</p> <p dir="ltr">While Thailand has a positive reputation when it comes to the rights and lifestyles of LGBTQ+ communities, a report from the Human Rights Watch found that transgender people in Thailand had limited access to services and are exposed to daily indignities.</p> <p dir="ltr">The report came to this conclusion due to the an absence of procedure for transgender people to legally change their gender, as well as insufficient legal protections and social stigma that trans people experience.</p> <p dir="ltr"><em>Image: Getty Images</em></p>

Beauty & Style

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Tips for buying a second hand car

<p>If you’re not a car expert, buying a used car can be tricky. Here’s a few simple tips to make the process easier.  </p> <p>Second hand or used cars are an affordable option when you’re looking to purchase a vehicle that will get you from A to B. However, if you’re not a car expert, it can be difficult to determine if the pre-loved vehicle you’re buying is reliable and trusty, or will need extensive repair work to make it roadworthy. Having said that, you can buy a used car without having studied exactly what makes a car run.</p> <p>Your insurance company won’t cover the costs of damage that was already on the vehicle when you purchased it. These costs will need to be covered by you. It’s for this reason that it’s important to do a thorough check of the vehicle, both internally and externally, before buying it. Follow these basic guidelines to help ensure you buy a gem and not a lemon.</p> <p><strong>Take a sniff</strong><br />“The first thing to do is check the interior of the car really closely,” says David Skapinker from over 50s insurer, Apia. “If there has ever been water damage to a car it might only show under the carpeting, but ultimately it could lead to rust issues. What we suggest is to take a bit of a sniff around the car. It sounds funny but the water damage may actually show itself as a musty smell.</p> <p>“We would also suggest people check for things like scuffing, loose trimming and upholstery tears. Basically, anything that is considered pre-existing damage to when you take out an insurance policy won’t be covered by that policy, so the costs to repair that really will be up to you.”</p> <p><strong>Don’t forget the boot</strong><br />Another key area to check is the car’s boot. Take a look inside the boot to check if the vehicle has any internal damage, which could be the result of a previous incident.</p> <p>“If the car you’re buying has had a rear-end accident the external damage may have been fixed, but it’s very hard to fix the internal damage easily,” Mr Skapinker explains. “Take a good look at the exterior very closely too. If panels are slightly different colours, this might mean that damage from an accident has been repaired. There may be nothing wrong with that, but it’s worth getting an independent check of the quality of past repairs before you commit to buying the vehicle.”</p> <p>Check for rusting, small scratches and dents, and if you’re happy to live with these, then go ahead with your purchase. However, if you’re hoping to get these fixed, keep in mind a new insurance policy wouldn’t cover it as pre-existing damage is not included. .</p> <p><strong>Getting mechanical</strong><br />From the boot to the bonnet, it’s important to check the mechanics of the car as well. “If you are someone who is comfortable taking a look under the bonnet, common things to look out for are blocks or wear and tear around the carburettor, fuel injector, timing belts and spark plugs,” Mr Skapinker says. “For those who wouldn’t know where the carburettor is located, there are companies you can get in touch with who send out independent inspectors to thoroughly check the vehicle for you.”</p> <p>After giving your potential purchase an inspection, take it for a test drive as this is one of the most important steps in purchasing a second hand car. When you’re taking the car for a spin around the block, check the wheel alignment is not pulling the vehicle to the left or right, ensure the tyres and brakes work properly and that there are no odd sounds coming from under the bonnet. “Listen out for sounds like knocks and rattles,” Mr Skapinker says.“This can be a good indicator that something may be wrong.”</p> <p>Remember, this is a large purchase so take your time before making a decision. Be prepared in knowing what you want, what to look out for and what your limits are.</p>

Money & Banking

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To make our wardrobes sustainable, we must cut how many new clothes we buy by 75%

<p>If things don’t change fast, the fashion industry <a href="https://www.stockholmresilience.org/download/18.66e0efc517643c2b8103605/1617805679501/Sustainable%20Textiles%20Synthesis%20Report.pdf">could</a> use a quarter of the world’s remaining global carbon budget to keep warming under 2℃ by 2050, and use 35% more land to produce fibres by 2030. </p> <p>While this seems incredible, it’s not. Over the past 15 years, clothing production <a href="https://archive.ellenmacarthurfoundation.org/explore/fashion-and-the-circular-economy">has doubled</a> while the length of time we actually wear these clothes has fallen by nearly 40%. In the EU, falling prices have seen people buying <a href="https://www.eea.europa.eu/publications/textiles-in-europes-circular-economy">more clothing</a> than ever before while spending less money in the process.</p> <p>This is not sustainable. Something has to give. In our <a href="https://eeb.org/library/wellbeing-wardrobe-a-wellbeing-economy-for-the-fashion-and-textile-sector-summary">recent report</a>, we propose the idea of a wellbeing wardrobe, a new way forward for fashion in which we favour human and environmental wellbeing over ever-growing consumption of throwaway fast-fashion. </p> <p>What would that look like? It would mean each of us cutting how many new clothes we buy by as much as <a href="https://katefletcher.com/wp-content/uploads/2019/10/Earth-Logic-plan-FINAL.pdf">75%</a>, buying clothes designed to last, and recycling clothes at the end of their lifetime. </p> <p>For the sector, it would mean tackling low incomes for the people who make the clothes, as well as support measures for workers who could lose jobs during a transition to a more sustainable industry.</p> <h2>Sustainability efforts by industry are simply not enough</h2> <p>Fashion is accelerating. Fast fashion is being replaced by <a href="https://amp.theguardian.com/fashion/2021/dec/21/how-shein-beat-amazon-at-its-own-game-and-reinvented-fast-fashion">ultra-fast fashion</a>, releasing unprecedented volumes of new clothes into the market. </p> <p>Since the start of the year, fast fashion giants H&amp;M and Zara have launched <a href="https://www.businessoffashion.com/articles/retail/why-shein-might-be-worth-100-billion-in-four-charts">around 11,000 new styles</a> combined. </p> <p>Over the same time, ultra-fast fashion brand Shein has released a staggering 314,877 styles. Shein is currently the <a href="https://www.abc.net.au/news/2022-04-05/shein-is-the-new-darling-of-china-s-fast-fashion-industry-but-at/100964524">most popular shopping app in Australia</a>. As you’d expect, this acceleration is producing a tremendous amount of waste.</p> <p>In response, the fashion industry has devised a raft of plans to tackle the issue. The problem is many sustainability initiatives still place economic opportunity and growth before environmental concerns. </p> <p>Efforts such as switching to more sustainable fibres and textiles and offering ethically-conscious options are commendable. Unfortunately, they do very little to actually confront the sector’s rapidly increasing consumption of resources and waste generation.</p> <p>On top of this, <a href="https://cleanclothes.org/news">labour rights abuses</a> of workers in the supply chain are rife. </p> <p>Over the past five years, the industry’s issues of child labour, discrimination and forced labour have worsened globally. Major garment manufacturing countries including Myanmar, Cambodia, Bangladesh and Vietnam are considered an <a href="https://www.maplecroft.com/insights/analysis/worldwide-decline-in-labour-rights-strikes-at-heart-of-global-supply-chains/">“extreme risk”</a> for modern slavery. </p> <p>Here’s what we can do to tackle the situation. </p> <h2>1. Limit resource use and consumption</h2> <p>We need to have serious conversations between industry, consumers and governments about limiting resource use in the fashion industry. As a society, we need to talk about how much clothing <a href="https://www.sciencedirect.com/science/article/pii/S2214629620304564?via%3Dihub">is enough</a> to live well. </p> <p>On an individual level, it means buying fewer new clothes, as well as reconsidering where we get our clothes from. Buying secondhand clothes or using rental services are ways of changing your wardrobe with lower impact. </p> <h2>2. Expand the slow fashion movement</h2> <p>The growing <a href="https://slowfashion.global/">slow fashion movement</a> focuses on the quality of garments over quantity, and favours classic styles over fleeting trends.</p> <p>We must give renewed attention to repairing and caring for clothes we already own to extend their lifespan, such as by reviving sewing, mending and other long-lost skills.</p> <h2>3. New systems of exchange</h2> <p>The wellbeing wardrobe would mean shifting away from existing fashion business models and embracing new systems of exchange, such as collaborative consumption models, co-operatives, not-for-profit social enterprises and <a href="https://www.bcorporation.net/en-us/certification">B-corps</a>. </p> <p>What are these? Collaborative consumption models involve sharing or renting clothing, while social enterprises and B-corps are businesses with purposes beyond making a profit, such as ensuring living wages for workers and minimising or eliminating environmental impacts.</p> <p>There are also methods that don’t rely on money, such as swapping or borrowing clothes with friends and altering or redesigning clothes in repair cafes and sewing circles. </p> <h2>4. Diversity in clothing cultures</h2> <p>Finally, as consumers we must nurture a diversity of clothing cultures, including incorporating the knowledge of <a href="https://www.russh.com/creator-of-australian-indigenous-fashion-yatu-widders-hunt-on-telling-stories-and-the-future-of-fashion/">Indigenous fashion design</a>, which has respect for the environment at its core. </p> <p>Communities of exchange should be encouraged to recognise the cultural value of clothing, and to rebuild emotional connections with garments and support long-term use and care.</p> <h2>What now?</h2> <p>Shifting fashion from a perpetual growth model to a sustainable approach will not be easy. Moving to a post-growth fashion industry would require policymakers and the industry to bring in a wide range of reforms, and re-imagine roles and responsibilities in society. </p> <p>You might think this is too hard. But the status quo of constant growth cannot last. </p> <p>It’s better we act to shape the future of fashion and work towards a wardrobe good for people and planet – rather than let a tidal wave of wasted clothing soak up resources, energy and our very limited carbon budget.</p> <p><em>Image credits: Getty Images</em></p> <p><em>This article originally appeared on <a href="https://theconversation.com/to-make-our-wardrobes-sustainable-we-must-cut-how-many-new-clothes-we-buy-by-75-179569" target="_blank" rel="noopener">The Conversation</a>. </em></p>

Beauty & Style

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Woman buys ad in newspaper to call out cheating partner

<p dir="ltr">A furious woman who was cheated on by her partner has taken out a whole page of the local newspaper to call him out. </p> <p dir="ltr">Jenny from Queensland purchased one page from the Mackay and Whitsunday Life paper with her cheating partner’s credit card page. </p> <p dir="ltr">“Dear Steve, I hope you’re happy with her,” the message on page 4 read. </p> <p dir="ltr">“Now the whole town will know what a filthy cheater you are. From Jenny.</p> <p dir="ltr">“PS. I bought this ad using your credit card.”</p> <p dir="ltr">The newspaper said they have received several messages from locals asking who Steve and Jenny are but they have kept quiet about it.</p> <p dir="ltr">“We do NOT know who Steve is, but apparently he’s been very very bad,” the newspaper said.</p> <p dir="ltr">“We won’t be revealing any details about Jenny.”</p> <p dir="ltr">Despite writing that she used Steve’s credit card for the ad, the newspaper confirmed they have not yet charged the card. </p> <p dir="ltr">“We have not charged the credit card in question.”</p> <p dir="ltr">The ad made its way to social media with many commending Jenny for calling out her cheating partner. </p> <p dir="ltr">“Jenny sounds like someone I want to be friends with,” someone wrote. </p> <p dir="ltr">“Not all heroines wear capes. Jenny is my new favourite person,” another commented.</p> <p dir="ltr">“Sucks to be Steve,” another wrote. </p> <p dir="ltr"><em>Image: Facebook</em></p>

Relationships

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Buy now, pay later: Apple will now lend you money to keep you spending and expand its empire

<p>Apple has joined the thriving “buy now, pay later” industry, with a customised service called <a href="https://www.cnbc.com/video/2022/06/06/apple-announces-buy-now-pay-later-program-called-apple-pay-later.html" target="_blank" rel="noopener">Apple Pay Later</a>. The service was announced earlier this week at the 2022 Worldwide Developers Conference, and will initially be launched in the United States later <a href="https://www.macrumors.com/2022/06/07/apple-pay-later-purchases-installment-plan/" target="_blank" rel="noopener">this year</a>.</p> <p>Pay Later will be built into the Apple Wallet and eligible for use on any purchase made through Apple Pay. Customers will be able to split the cost of a purchase into four equal payments, with zero interest and fees, spread over a period of <a href="https://www.theguardian.com/technology/2022/jun/06/apple-redesigns-the-iphone-lock-screen-in-ios-16-at-wwdc" target="_blank" rel="noopener">four months</a>.</p> <p>To qualify, however, Apple will first do a <a href="https://www.zdnet.com/finance/banking/wwdc-2022-buy-now-pay-later-with-apples-new-wallet-feature/" target="_blank" rel="noopener">soft credit check</a> on users wanting to use the service. The technology behemoth <a href="https://www.apple.com/newsroom/2022/06/apple-unveils-new-ways-to-share-and-communicate-in-ios-16/" target="_blank" rel="noopener">claims</a> it has designed the feature with “users’ financial health in mind”.</p> <p>It’s likely Apple is trying to consolidate its foothold in the world of consumer finance, and increase its profitability. And consumers should be aware of the risks of using such a service.</p> <p><strong>Apple: the consumer darling</strong></p> <p>With the launch of Pay Later, Apple will be competing with many other similar fin-tech companies including PayPal, Block, Klarna and AfterPay – some of which saw their share prices <a href="https://www.bloomberg.com/news/articles/2021-07-13/apple-goldman-plan-buy-now-pay-later-service-to-rival-paypal" target="_blank" rel="noopener">fall</a> following Apple’s announcement.</p> <p>Apple will benefit from its huge market and brand power, with the capability to attract millions to its products and services. And with an acute focus on customer experience, Apple has managed to foster a community of evangelists. There’s no doubt the company is a <a href="https://www.forbes.com/sites/christinemoorman/2018/01/12/why-apple-is-still-a-great-marketer-and-what-you-can-learn/?sh=55e3c32c15bd" target="_blank" rel="noopener">consumer darling</a>.</p> <p>Moreover, Apple has established an ever-growing ecosystem in which users are encouraged to tap into Apple products and services as much, and as often, as possible – such as by making payments through their iPhone instead of a bank card.</p> <p>The tech giant provides ways to integrate once-separate computing capabilities into a phone or wristwatch – while keeping the <a href="https://www.forbes.com/sites/christinemoorman/2018/01/12/why-apple-is-still-a-great-marketer-and-what-you-can-learn/?sh=7c61018615bd" target="_blank" rel="noopener">consumer’s experience</a> in focus. Pay Later enhances this customer-centric experience further. It’s one more way users can integrate the tools they need within a single ecosystem.</p> <p><strong>What’s in it for Apple?</strong></p> <p>Apple stands to make financial gains through Pay Later, thereby adding to its bottom line. Currently its reach in the retail world is evident, with iPhone-based payment services <a href="https://www.bloomberg.com/news/articles/2021-07-13/apple-goldman-plan-buy-now-pay-later-service-to-rival-paypal" target="_blank" rel="noopener">accepted by 85% of US retailers</a>.</p> <p>One 2021 survey found that about 26% of <a href="https://www.statista.com/statistics/1275393/australia-share-of-consumers-using-bnpl-by-purchase-category/" target="_blank" rel="noopener">regular online shoppers</a> in Australia used buy now, pay later services.</p> <p>As Apple’s customers increasingly start to use the Pay Later service, it will gain from merchant fees. These are fees which retailers pay Apple in exchange for being able to offer customers Apple Pay. In addition, Apple will also gain valuable insight into consumers’ purchase behaviours, which will allow the company to predict future consumption and spending behaviour.</p> <p>To deliver the buy now, pay later service, Apple has <a href="https://www.bloomberg.com/news/articles/2021-07-13/apple-goldman-plan-buy-now-pay-later-service-to-rival-paypal" target="_blank" rel="noopener">joined forces with Goldman Sachs</a>, who will finance the loans.</p> <p>This relationship has been in place since 2019, with Goldman Sachs also acting as a partner for the Apple credit card (although Pay Later is not tied to the Apple credit card). This strategic partnership has helped Apple gain strong footing in the world of consumer finance.</p> <p><strong>Challenges for consumers</strong></p> <p>The reality is that the world of <a href="https://www.holmanwebb.com.au/blog/655/buy-now-pay-later-bnpl-update-how-to-seek-and-keep-code-compliance-accreditation" target="_blank" rel="noopener">unregulated finance</a>, which includes buy now, pay later, does not bode well <a href="https://ndh.org.au/debt-problems/buy-now-pay-later/risks-of-using-buy-now-pay-later/" target="_blank" rel="noopener">for all customers</a>.</p> <p>Younger <a href="https://www.emarketer.com/content/almost-75-of-bnpl-users-us-gen-z-millennials" target="_blank" rel="noopener">demographics</a> (such as Gen Z and Millenials) and low-income <a href="https://thefintechtimes.com/one-in-four-bnpl-users-are-financially-vulnerable/" target="_blank" rel="noopener">households</a> can be <a href="https://www.cnbc.com/2021/08/07/why-millennials-and-gen-zs-are-jumping-on-the-buy-now-pay-later-trend.html" target="_blank" rel="noopener">more vulnerable</a> to the risks associated with using these services – and can rack up debt as a result.</p> <p>Purchases through buy now, pay later schemes may also be driven by a desire to own the latest <a href="https://www.cnbc.com/2021/12/16/chinas-buy-now-pay-later-market-to-grow-challenges-ahead-experts.html" target="_blank" rel="noopener">gadgets and luxury goods</a> – a message pushed onto consumers through slick marketing. They can condition consumers to make purchases without feeling the pain of parting with cold, hard cash.</p> <figure class="align-center zoomable"><a href="https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" sizes="(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px" srcset="https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=600&amp;h=400&amp;fit=crop&amp;dpr=1 600w, https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=600&amp;h=400&amp;fit=crop&amp;dpr=2 1200w, https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=600&amp;h=400&amp;fit=crop&amp;dpr=3 1800w, https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;h=503&amp;fit=crop&amp;dpr=1 754w, https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=30&amp;auto=format&amp;w=754&amp;h=503&amp;fit=crop&amp;dpr=2 1508w, https://images.theconversation.com/files/467674/original/file-20220608-24-ict1mh.jpeg?ixlib=rb-1.1.0&amp;q=15&amp;auto=format&amp;w=754&amp;h=503&amp;fit=crop&amp;dpr=3 2262w" alt="An indoor shopping arcade is lined with luxury stores on either side" /></a><figcaption><em><span class="caption">Buy now, pay later schemes can give consumers the satisfaction of buying expensive products – without feeling like they’re splitting from cold, hard cash.</span> <span class="attribution"><span class="source">Shutterstock</span></span></em></figcaption></figure> <p>From a consumer psychology perspective, these services encourages immediate gratification and put younger people on the consumption treadmill. In other words, they may continually spend more money on purchases than they can actually afford.</p> <p>Missing payments on Pay Later would negatively impact an individual’s <a href="https://www.zdnet.com/finance/banking/wwdc-2022-buy-now-pay-later-with-apples-new-wallet-feature/" target="_blank" rel="noopener">credit rating</a>, which can then have adverse outcomes such as <a href="https://www.cnbc.com/select/side-effects-of-bad-credit/" target="_blank" rel="noopener">not qualifying</a> for traditional loans or credit cards.</p> <p>A focus on consumerist behaviour can also trigger an “<a href="https://www.psychologytoday.com/au/blog/the-psychology-deciding/202201/if-i-own-it-it-must-be-good-what-is-the-ownership-effect" target="_blank" rel="noopener">ownership effect</a>”. This is when people become attached to their purchases and are unlikely to return them, even if they can’t afford them.</p> <p>Apple’s technology-driven and consumer-centric marketing gives it an edge over other buy now, pay later schemes. It claims the service is designed with consumers’ financial health in mind. But as is the case with any of these services, consumers ought to be aware of the risks and manage them carefully. <img style="border: none !important; box-shadow: none !important; margin: 0 !important; max-height: 1px !important; max-width: 1px !important; min-height: 1px !important; min-width: 1px !important; opacity: 0 !important; outline: none !important; padding: 0 !important;" src="https://counter.theconversation.com/content/184550/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1" /></p> <p><em><a href="https://theconversation.com/profiles/rajat-roy-1227884" target="_blank" rel="noopener">Rajat Roy</a>, Associate Professor, Bond Business School, <a href="https://theconversation.com/institutions/bond-university-863" target="_blank" rel="noopener">Bond University</a></em></p> <p><em>This article is republished from <a href="https://theconversation.com" target="_blank" rel="noopener">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/buy-now-pay-later-apple-will-now-lend-you-money-to-keep-you-spending-and-expand-its-empire-184550" target="_blank" rel="noopener">original article</a>.</em></p> <p><em>Image: Getty Images</em></p>

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