Financial Cutbacks Harm Household

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A female friend of mine is “cutting back”. In fact, all her friends are also cutting back. With interest rate rises, petrol price increases and supermarket checkout blowouts, most women are looking at what they can live without.

According to a recent study, 57.7 per cent of Australian women say they have to cut down on general spending. Studies show that women cut back on their personal shopping first, and 74.7 per cent say they have stopped buying clothes and shoes. Haircuts, facials, waxing and other beauty treatments are also on the backburner. What is of interest is spending that affects their children is the last area to be cut.

In the study, one mother said she decided to cut back on her son’s $12.50 monthly haircuts. Her friends had been telling her she was throwing money away taking her son to the hairdresser for his little buzz cuts. Buy some clippers for $30 and trim his hair at home, you’ll make your money back in no time, they said.

Following on from the initial cutting back, restaurants and movies were the next to go, replaced with nights in front of the telly. Then the gym, yoga classes and buying health foods. This was the pattern in 41.7 per cent of households, most studies reported. They cut spending on their child’s private school education and activities, many mothers sending their children to public schools in the next term.

If you find yourself cutting back on a lot of life’s necessities, how about looking into a part-time work at home situation?


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