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CNBC
7 hours ago
- Business
- CNBC
Gen Alpha are spending big — here's 2 tips to raise money savvy kids in a world of instant gratification
In the age of instant gratification where Gen Alpha has easy access to instant delivery services like Amazon Prime and Uber Eats, some parents are wondering how to teach the young money-saving skills. Born between 2010 and 2024, Gen Alpha are not like other generations. They grew up with smartphones in their hands and the ability to make purchases at the click of a button. In fact, their spending prowess is huge. Gen Alpha spent £92 million ( $126.2 million) between 2023 and 2024, according to research from financial technology company GoHenry, which provides debit cards for kids in the U.K., U.S., France, and Spain. GoHenry published its Youth Economy Report in September 2024, which provided data from 311,832 GoHenry kids. Much of this money is going to online services, with GoHenry kids spending over £3 million on food delivery services, up 113% from the year before. Additionally, almost half like to make purchases on social media platforms like TikTok Shop, Facebook Marketplace and Instagram. Their economic footprint is expected to reach $5.46 trillion by 2029, according to research firm McCrindle. "Convenience and speed have become the norm," Louise Hill, GoHenry founder, told CNBC Make It in an interview. "One of the things we need to remember when we're thinking about Gen Alpha in particular, is that they are totally used to everything being available at the flick of a switch, at the click of a button, and this drives different behaviors with money." Hill explained that despite the influx of financial education resources online, there has also been a surge in money products and apps that are easy to use, such as credit cards, buy-now-pay-later options, and contactless payments. This makes it more complex for parents to navigate teaching money skills to kids. She emphasized the importance of kids understanding "that money has to be earned before it can be spent," and then spending it with thought and consideration. Hill said it's crucial for children to see the "tangible aspects of money" like physical cash, to understand its value. Giving "regular pocket money" is one solution, from giving 50 pence a week to £5 pounds. "If you give a child 50 pence and pick a day of the week that works for you as a family for pocket money, that might be Saturday, then you can literally give them 50 pence every Saturday. It is incredible how quickly they will start to realize 'Oh, look, it's every Saturday. If I save up four Saturdays, I've got two pounds. And now I can buy X, Y, Z, if I save up 10 Saturdays." Handling physical cash allows kids to know how much their favorite items cost. "You can give a child some coins, and then they can have the concept of how many of those coins get exchanged for a bag of sweets, versus a bigger toy," the GoHenry founder said. For teenagers, Hill proposed the method of "pizza budgeting," which allows children to visually understand how much money goes into running a household and paying bills. "The pizza is your pot of money, or your wages, or your pocket money and then taking the child through, 'Would you like to guess how big a slice of pizza we need to cut out if this is the household wages? How big a slice we need to cut out of that to pay the rent or to pay the mortgage?" As the pizza gets smaller and smaller, it creates an understanding of how much money is left over for leisure spending. Kids are like sponges and tend to absorb attitudes around money from their parents, so Hill believes it's good to keep them in the loop about household finances. She offered the example of the cost of living crisis in the U.K. after the Covid-19 pandemic, which was cited widely in the media. GoHenry started hearing from customers that their kids were concerned about the cost-of-living crisis. "Kids do soak up everything in that sort of situation where perhaps as a family, you're stressed about money," she said. Parents can talk about money struggles without raising the exact issue, such as if they're unable to pay the rent. For example, Hill said that if you can no longer afford to have a takeaway every Friday night, then get children involved in making a "fakeaway," which means making a takeaway at home. "What about getting the kids involved in making a pizza and choosing their toppings? Maybe even going to the supermarket with you and picking up those toppings instead of paying the money for a takeaway and then showing them how much money is being saved," Hill added. This can help children feel more in control of their money spending habits, and learn to tighten their belts when they need to as they get older.
Yahoo
a day ago
- Automotive
- Yahoo
Would You Boogie With This Chevy Van?
Read the full story on Backfire News Far from your average Chevy G10, this van has been customized to look like a shag-carpeted ride from back in the day. But the crazy interior touches were recently done, as was the innovative idea of putting the sliding door on struts so it lifts up dramatically, even if that's not practical for parking lot though we wouldn't stop to consider this thing, we also know some people will think they've died and gone to heaven. The blue shag carpet is… something. That's paired with red leather or vinyl that's tufted with buttons for even more of a throwback appearance. But wait, there's more, plenty more. For some reason, the rear cargo area has a sink and cabinet, then a partition with a single step that allows you to climb into what we assume is supposed to be a sleeping quarters of some sort. Yes, technically you could live in this thing with its natural exterior patina. Just expect as you drive through neighborhoods people will watch you suspiciously. Apparently, under the elevated section are storage drawers. There are plenty of LED lights throughout the interior, perfect for lighting things up as you're parked down by the river for the night. This boogie van will get moving with a 350ci V8 nestled between the front seats. The owner says it has a new Edelbrock Performer chrome intake manifold, plus new spark plugs. Power is channeled through a TH350 transmission. Plus, there are cool ankle-burning side pipes to give this van that extra pop, which will impress all your house guests for sure. Imagine yourself living out of this van, or maybe just using it for epic road trips. Maybe this is your dream ride? Check out this Chevy's listing here. Images via Jeff Ferguson/Facebook Marketplace
Time Business News
2 days ago
- Automotive
- Time Business News
How To Buy A Used Car In Sydney?
To buy a used car in Sydney, start by setting a clear budget, researching reputable sellers, inspecting the vehicle thoroughly, and finalising the purchase with proper documentation. Always check the car's history, roadworthiness, and compare prices using reliable local platforms. Start your car-buying journey with a clear and detailed budget, not just for the purchase price, but for ownership costs too. Factor in: Stamp duty (approximately 3% to 5% in NSW, depending on the car's value) (approximately 3% to 5% in NSW, depending on the car's value) Compulsory third-party insurance (CTP, also called a green slip) (CTP, also called a green slip) Registration transfer fee (around $36 in 2025) (around $36 in 2025) Ongoing maintenance and servicing A mid-range used car in Sydney typically costs between $10,000 and $20,000, with older models going for as low as $3,000 to $5,000, especially if they have higher kilometres or cosmetic wear. Cash for Used Cars in Sydney can be purchased from different sources. Each option has its pros and cons: Seller Type Example Providers Advantages Disadvantages Dealerships Suttons, City Ford Sydney Warranty, roadworthy certified cars Higher price than private sellers Private Sellers Facebook Marketplace, Gumtree, Carsales Lower prices, more room for negotiation No guarantee, more paperwork responsibility Auction Houses Pickles Auctions, Manheim Sydney Bargain prices on repossessed vehicles Riskier, no test drives, sold as-is Car Buyers/Trade-ins Local cash-for-cars services Easy process, instant payments Lower payout compared to private sale Focus on models that are reliable, fuel-efficient, and hold their value well. Based on NSW buyer trends, some of the top-selling and most reliable used cars include: Toyota Corolla – economical, dependable, cheap to service – economical, dependable, cheap to service Mazda 3 – sporty yet practical, long-lasting – sporty yet practical, long-lasting Hyundai i30 – budget-friendly and popular with city drivers – budget-friendly and popular with city drivers Ford Ranger – ideal for tradies or rural trips – ideal for tradies or rural trips Subaru Forester – great for families, includes AWD In 2024, over 72% of used car buyers in Sydney prioritised vehicles under 5 years old with full service history. Australia has several vehicle comparison tools and listings websites that help you get a fair idea of pricing, availability, and features. These include: CarsGuide CarSales Autotrader Look for cars with less than 150,000 km, service logs, RWC (roadworthy certificate), and recent inspections. Use filters like 'Private Seller,' 'Dealer,' or 'Certified Used' to narrow your search. Even if the car looks clean and sounds fine during a test drive, a pre-purchase inspection by a licensed mechanic can save you thousands. Here's what you should inspect: Engine condition – oil leaks, knocking sounds – oil leaks, knocking sounds Tyres and brakes – should be evenly worn – should be evenly worn Odometer – match against service history – match against service history VIN number – should match registration documents – should match registration documents Interior electronics – windows, AC, lights, and audio system Mobile inspection services like RedBook Inspect or NRMA Vehicle Inspections cost between $150 and $250, and are widely available across Sydney suburbs. Before buying, obtain a PPSR (Personal Property Securities Register) report. It tells you: Whether the vehicle is stolen If it has been written off or damaged in an accident Any finance still owing (which can legally be passed on to the buyer) The report costs $2 from the official PPSR website and is mandatory for safe, secure transactions. Negotiation is expected, especially with private sellers. Use comparable listings and inspection findings as leverage. If the car needs minor fixes, estimate the cost and deduct it from your offer. A successful negotiation typically results in savings of 5–15% off the listed price. Don't fall for pressure tactics like 'several interested buyers' or 'limited time offer.' Sydney's used car market is active and competitive, so take your time. To legally own a used car in NSW, complete these steps: Fill out the Notice of Disposal (seller's responsibility) Complete the Application for Transfer of Registration (buyer's responsibility) Pay the transfer fee and stamp duty within 14 days to avoid fines Update the CTP insurance policy in your name These can all be done online via the Service NSW portal or in person at a local registry. Even if you're buying a car for short-term use, consider resale value. Cars like the Toyota Hilux, Subaru XV, and Mazda CX-5 maintain good resale pricing after 3–5 years of use in Australia. To retain value: Get logbook services done regularly Avoid aftermarket modifications Keep detailed service records and receipts This approach is ideal for buyers in areas like Parramatta, Penrith, or Sutherland, where second-hand car sales are active and competitive. If you have an existing car to get rid of before purchasing, consider local vehicle disposal services. Sydney Car Removal is a trusted option known for: Fast pickup (within 24 hours) Free vehicle removal from any Sydney suburb On-the-spot payment regardless of vehicle condition Accepts cars, vans, utes, and 4WDs – even if wrecked or unregistered This service is especially useful for buyers who want to offset their new purchase by getting instant cash for their old car without hassle. Learn More: Buying a used car in Sydney is easier than ever if you approach it with preparation and caution. From setting a realistic budget to using certified inspection services, each step you take reduces risk and improves value. Whether you're a first-time buyer in Blacktown or replacing your work ute in Liverpool, understanding the process ensures a smooth experience. Q1. What is the safest way to buy a used car in Sydney? Use verified sellers, get a PPSR check, inspect the vehicle with a mechanic, and always finalise the transaction through official Service NSW procedures. Q2. Do I need to pay stamp duty on a used car in NSW? Yes, stamp duty is mandatory and calculated based on the sale price. Rates vary but are usually between 3% and 5%. Q3. Can I buy a used car without a roadworthy certificate? Technically yes, but it won't be legal to register the vehicle in your name without a valid inspection. Always check if the seller is providing an RWC. Q4. Where can I sell my old car before buying a new one? Local services like Sydney Car Removal offer quick cash and free towing for unwanted vehicles across Sydney. Q5. Is it cheaper to buy from a private seller or a dealer in Sydney? Private sellers generally offer lower prices, while dealers provide added security like warranties and roadworthy certificates. TIME BUSINESS NEWS
Motor 1
2 days ago
- Automotive
- Motor 1
'I Listed It For a Fair Price:' Man Lists Jeep on Facebook. Then a Prospective Buyer Brings a Friend Named 'Tommy Roughknuckles'
A man calls out the ridiculous behavior of people on Facebook Marketplace and recounts an interaction with a potential buyer for his Jeep that had him swear off the app. Spencer Lewis (@thewetlandg*psy) uploaded a post that went viral on TikTok, in which he detailed what happened with the person he met online. He starts off by saying, 'The audacity of people on Marketplace is absolutely insane to me.' Lewis explains that he doesn't usually use Facebook Marketplace because of precisely the interaction that he went on to have. But, just this once, he decided to list his Jeep to see if he could find any buyers. 'I listed it for a fair price, $6,000. Put it on there and within 24 hours, I had multiple offers,' he says. But from all the offers he received, one seemed most promising. Lewis says the man who contacted him agreed that the Jeep was listed for a fair price and told him he was very interested. So, they set up a time for the man to inspect the vehicle. But when the man arrived, things started to go awry. 'So he gets out of the truck, and then two other guys get out of the truck with him, which I thought was kind of weird. … He introduced me to one of his buddies. He said his name was Tommy Roughknuckles or something,' Lewis says, adding that he wasn't asking questions since he just wanted to complete the deal. The third companion was introduced as the man's 'negotiator.' Again, Lewis thought this was strange because the man had told him he thought the Jeep was listed at a fair price. Strange Behavior Continues Lewis says the men then started to kick the tires and make comments about the car being a piece of junk. The man then asked if he could take the car for a test drive. This would normally be a reasonable request, except the man wanted to test drive the car to a town 30 minutes away. Even though he thought it was strange, Lewis finally agreed, and the four men made the trip together. Lewis claims that once they were on the highway, they rolled up the windows, and one of the men passed gas. They then started to complain that the car had a 'funky' smell. Lewis continued to maintain his composure while the men trash-talked his car for the entire ride. When they returned from their hour-long test drive, the man told Lewis, 'Truth be told, I don't know if we're gonna buy this thing or not. … We can give you $500 for it, though.' 'I will go drive it into that lake down there before I sell it to you for $500,' the seller said. Eventually, the men left without the Jeep. Tips for Selling a Vehicle on Facebook Marketplace With dealership trade-in values often falling short, Facebook Marketplace has become a go-to alternative for private vehicle sales . But while selling your car on Facebook Marketplace can be quick, it's not without its risks. Sellers should start by researching the value of their vehicle. They may also consider building in a small buffer so there's room to negotiate. Once they have interested buyers, they should screen them by checking buyer profiles to make sure they're legitimate. Always opt to meet in a public space and avoid letting them test drive the car alone. And before handing over the keys, make sure the potential buyer has a valid license and insurance. Once the sale is completed, inform the DMV of the transaction. Viewers Express Skepticism Commenters on the post agreed that the buyer's intentions seemed highly questionable. 'All I heard is that they used your car and your gas to go pick something up from their friend,' one person wrote. 'That was an illegal drop off. They didn't want to use their vehicle. They never wanted to buy your Jeep,' another suggested. 'Facebook Marketplace sucks,' someone else said, while another commenter agreed saying, 'Marketplace is the wild west.' Motor1 reached out to Lewis via email for further updates. We'll share anything we hear if we get a response. Now Trending 'How Bad Is This?' Woman Hears a Clink While She's Driving. Then She Pulls Over and IDs the Real Source of the Problem 'It Saved Me Money:' Woman Goes to Discount Tire for New Tires. Then She Pulls Out Her Costco Card Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Sky News AU
2 days ago
- Business
- Sky News AU
‘It's so disheartening': Aussie woman warns business owners of ‘frustrating' Facebook Marketplace scam
An Australian small business owner has criticised a customer for reselling purchased items on Facebook Marketplace - after successfully claiming she never received them in the first place. Emma Diedrichs is the owner and founder of LuxeLittleOnes, an online business which primarily sells baby bags, and was surprised to receive her first charge back in February. 'Chargebacks just don't happen with us,' she said in a TikTok video. 'We're not fraudulent, we send everything out correctly, if something is wrong someone will just email us or contact us through our social media.' A chargeback is a process where a customer can request from their bank to have money returned from a purchase. Customers often request chargebacks if they believe a charge was fraudulent, they didn't receive the product, or the product they received wasn't as described. Ms Diedrichs, who is also a single mother, said it was 'disheartening' to receive the chargeback, and was confused. 'This specific customer purchased not one but two of our luxury baby bags,' she said. 'I remember this order because we don't normally get an order for two bags.' Ms Diedrichs disputed the chargeback, submitting documents proving the products were delivered. 'The bank decided to favour with the customer, which is very normal,' she said. The small business owner was made to pay back the almost $250 cost of the bags, plus an additional $25 fee. 'It's so disheartening for me, I'm a single mum, this is my livelihood,' she said. Less than a few months after the chargeback was submitted, Ms Diedrichs saw the same baby bags being for sale on Facebook Marketplace. 'I looked up [the seller's] Facebook profile and it is the exact same name as the lady that placed the order and the lady that put the chargeback through,' she said. 'This is so frustrating for me, I work so hard in this business, this is my full-time job,' she said. 'This puts food on the table for myself and my son, I'm a single mum, I am literally working day in day out to provide. 'This is my income; you wouldn't go to somebody's workplace and take $250 dollars off them.'
