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1 week ago | 
moneymag.com.au | Nicola Field
TACO trade - coming to a sharemarket near youThe flip-flopping of sharemarkets in response to US President Trump's on/off approach to tariffs has been given a name - the TACO trade. And it has nothing to do with Mexican cuisine. TACO stands for 'Trump Always Chickens Out' - a reference to the pattern of Donald Trump announcing high tariffs that send markets into a tailspin, followed by tariff pauses or reductions that see markets rebound, particularly in the US.
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2 weeks ago | 
moneymag.com.au | Nicola Field
'Time to shop around' as Telstra hikes chargesFrom July 1, 2025, Telstra customers can expect to pay more for postpaid mobile, and home and small business internet plans. Most plans will see a price hike of $3 to $5 a month. Telstra claims the price hikes will "improve our mobile network performance and experience". But the telco's customers aren't convinced. One Reddit user noted, "The value just isn't there, nor do they reward any customers for staying on."Another declared "time to shop around".
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3 weeks ago | 
moneymag.com.au | Nicola Field
Woolworths latest discount campaign misses the mark, first home buyer myth busted, and Tax Office slams fake news on super. Here are five things you may have missed this week. This week saw supermarket giant Woolworths lower the shelf price of almost 400 products across its home brand range as well as branded products. Woolies claims the shelf price of these products will fall by an average of 10%.
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1 month ago | 
moneymag.com.au | Nicola Field
Australia's dodgiest tax claims, the simple grocery hack saving shoppers over $1100 annually, and the company that's generated 5 million per cent returns farewells its founder. Here are five things you may have missed this week. As tax time approaches, accounting body CA ANZ has revealed some of the dodgiest expenses Aussies try to claim on tax. One worker tried to claim monthly salon haircuts on the basis that their hair grows during business hours.
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1 month ago | 
moneymag.com.au | Paul Clitheroe |Nicola Field |Mark Chapman
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1 month ago | 
moneymag.com.au | Nicola Field
Subscribers to Woolworths rewards program are about to get less bang for their buck. Despite paying $7 each month, or 70 bucks annually, to enjoy extra savings through Everyday Extra, Woolies is scrapping the scheme's monthly 10% discount at BIG W. The reason? Woolworths says Big W prices are already so low there's no need for the discount. Everyday Extra subscribers aren't buying it, with a number of Reddit users claiming they will cancel their subscriptions.
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1 month ago | 
moneymag.com.au | Nicola Field
Australia's most affordable electorate for housing, Westpac cuts 1.4% off its package home loan rate, and the recycling scheme set to cost Tassie consumers. Here are five things you may have missed this week. Mastercard has unveiled its five-year plan to transform payments in Australia. Manually entering card details and passwords are out, while biometrics are in.
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1 month ago | 
moneymag.com.au | Mark Chapman |Nicola Field |Ryan Johnson
As the 2025 federal election approaches, both the Labor Government and the Coalition have unveiled tax policies aimed at addressing cost-of-living pressures. Here is how they measure up. Labor's proposed tax changes for 2025As well as the existing stage three income tax cuts, which came into force on July 1, 2024, Labor's policy manifesto contains a number of proposals which aim to build on that tax cut by providing relief to low and middle-income earners.
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1 month ago | 
moneymag.com.au | Graham Cooke |Tom Watson |Jeremy Lack |Nicola Field
In our modern, digitalised world, logins and passwords make it convenient to manage your affairs online from anywhere in the world. But it's a different story when something goes wrong. And for one Australian family, a tragedy demonstrated just how complicated our digital world can be.
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1 month ago | 
moneymag.com.au | Nicola Field |Ryan Johnson
How to make money from the federal election, Aussie investors keep their cool through market turbulence, and time is running out to use Catch gift cards. Here are five things you may have missed this week. In case you missed it, a federal election is just around the corner. Polling day is officially May 3 - a chance to grab a democracy snag and have a say in who runs the country for the next three years.
