How this budget will affect your hip pocket

There was not much in the way of cash-splashing in this budget, but the Treasurer did unveil a $7.5 billion “5-point plan” for “responsible” cost of living relief.

So, what’s in it and who will it help?

In this week’s episode of the It All Adds Up podcast, Jess and Dom delve into the finer details of the plan, which includes bigger childcare subsidies, a more generous paid parental leave scheme, cheaper drugs, more affordable housing and greater investment in skills to boost wages.

Money editor Dominic Powell and senior economics writer Jessica Irvine are hosting the new podcast It All Adds Up.Credit:Dominic Lorrimer

Our listener question this week is about micro-investing apps and Jess shares her budget tip of the week on how to use “cash-back” apps such as ShopBack and Cashrewards.

Have a listen on all major podcast players, including Apple Podcasts and Spotify, and don’t forget to send in questions of your own to [email protected].

• Information given in this podcast is general in nature and is not intended to influence listeners’ decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.

For more money saving tips and advice, sign up to receive the free weekly ‘Money with Jess’ email here.

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