With household budgets under pressure, now is the perfect time to take a closer look at your regular costs. By switching providers or products, you could save up to $17,000 in the first year. Our budget makeover sets out nine ways to put cash back in your pocket.
Like the sound of an extra $5000 in your back pocket each year? How about an extra $17,000? No, we’re not talking about a lottery win. These are the savings you could enjoy just by switching to a better deal.
It’s time to get serious about saving money, and one of the easiest ways to give your budget a boost is by checking that you’re getting the best possible deal on a range of household costs. It doesn’t have to mean scrimping on lifestyle or changing your shopping habits. Taking advantage of a better deal can put a truckload of cash back in your wallet, and once you’ve made the switch there’s nothing more to do than sit back and let the savings roll in.
Plenty of Aussies end up paying a “lazy tax” because they can’t be bothered shopping around. But a lazy tax isn’t just small change.
With the help of Canstar, WhistleOut and Energy Switch, we’ve trawled the market to see how much you could save each year on key expenses. The results are astounding.
Across nine expense categories, it’s possible to save a total of $5451 annually just by moving from an average-priced product to the cheapest available. We’ve kept things real by only comparing like-for-like products, so making the switch doesn’t mean compromising on quality.
If you think $5000-plus is a big saving, grab the smelling salts because if you’re with the most expensive options on the market, you could be $17,738 richer in just 12 months by ditching the vampire products that are sucking savings out of your budget.
Denne historien er fra April 2019-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 2019-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.