Posts Tagged :

saving

How to embrace your spending personality and still save

There’s no doubt about it, Australia is a nation that loves to spend. According to ASIC’s MoneySmart, we spent over $20 billion indulging our love of fashion, $1.6 billion on our caffeine addiction and a surprising $450 million on pet pampering in 2016 alone. But with household budgets needing to stretch more and more just to cover the basics, there are simple strategies every Australian can adopt to become smarter spenders. So whether you’re a self-confessed splurger or bargain hunter,…

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Is your food bill out of control? It could be that big lump of protein on your plate

Protein – at least the meaty versions – is expensive. And research indicates that we’re obsessed with protein, to our detriment. Most Aussies spend far too much on that protein, by not eating and shopping consciously. It’s simple to cut the cost of a plate of food radically. First off, not all protein is created equal in terms of cost. A nice porterhouse steak for four can cost $28 for the protein alone. Even own brand sausages can cost more…

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Why good credit can help you buy a house

Are you thinking about taking the next big step in your life and applying for a home loan? Buying your own property is a major part of becoming financially stable in the future, because you have a huge investment as a part of your portfolio. However, if you don’t have a clean credit report, you could find it difficult to get favourable terms on your mortgage. When a lender looks at your application for a home loan, they’ll consider more…

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5 easy ways to be smart about your credit card usage

Are you finding your credit card debt racks up quickly every month, no matter how much you try to pay off? If you don’t have the right sort of account, or a limit set too high, it can be easy to blow your budget on a purchase you really don’t need. Adding debt to the point where you’re unable to repay lenders can affect your credit report. When you can’t pay what you owe, a default will be marked against…

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Are your finances suffering from ‘excusitis’? Beat it, now

Liar, liar, pants on fire. We Aussies are masters at coming up with excuses for our spending and debt. I’ve heard it called “excusitis”. We convince ourselves that “we’re different” or that “we need it”, or “everyone else does it”. It’s that six inches of grey stuff between your ears that’s at fault. And it’s getting worse. A staggering 70.19% of Australians have a credit card  and our balances have grown from $5.9bn in 1995 to $51.8bn in 2016. Ouch.…

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Wanting to get a foot on the property ladder? Here are five strategies to help you get there

As a young would-be home buyer, it can be tough getting a foot (or even just a big toe) on the property ladder. To help set Aussies up for success, CreditSimple.com.au spokesperson Emily Price provides her top tips for first time buyers to get started. 1. Use your score to leverage a better deal “The first step is to check your score via CreditSimple.com.au. If it’s above 700, you’re an attractive customer and you should pick up the phone to see…

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Why online shops don’t want you to give buying a minute’s thought (and what you can do to combat it)

Speed is everything for both online and real-world retailers. They know that every second, and every click, that comes between you and getting your mitts on that coveted widget equals lost sales for them – and money not spent by you. One industry term for it is ‘slippery’. From the second you see that must-have pair of pants online to the moment you realise that your bum looks no smaller than they did in the old ones, every step of…

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Tap into the sharing economy and rent your way to success

Are you a part of the sharing economy yet? If you’ve used Uber or Airbnb, then you’re part of it. But there’s plenty of other sharing businesses springing up, and one that we think looks especially interesting is the renting business. The internet has made it ridiculously easy to rent your stuff and get paid for it*. Take Rentoid, as an example. It’s kind of like eBay, with one crucial difference: the stuff in the listing isn’t for sale, its…

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Why I’m shunning consumerism and not buying any shiny treats for the next five years

I once had a flatmate who had so many clothes, only about half of them would fit into the wardrobe or drawers. The rest lived on the floor in a sort of rotating pile. There was no room to move, and she would routinely decide that the pile needed to be washed and dried (because of living on the floor for so long) but once clean, there was nowhere for the clothes to go. The memory of her mammoth clothing…

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Nudge, nudge, wink wink – how to nudge yourself to better money management

You know you need to change your financial ways. But it’s hard to actually do it. Just imagine standing at an EFTPOS terminal about to make a financial blunder and someone nudges you into making a better choice. A nudge is like having a little conscience sitting on your shoulder. Behavioural economists have found that tiny regular nudges that prod you to do things you wouldn’t otherwise can be a real game changer when it comes to mastering your money.…

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