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Spring clean your finances1/14/2024 Use Public Librariesīorrow books, movies, and even kids toys from your local library instead of buying them. Delayed gratification is actually great for your mental health too. Wait 24 hours before making non-essential purchases to avoid impulse buying. You could sell your clothes at a market, or list some old furniture on Gumtree. Sell Unused Itemsĭeclutter your space and make extra cash by selling items you no longer need or use. Buy Generic BrandsĪn alternative option is to opt for generic or store-brand products, which are often cheaper than name-brand items. Limit Takeout and Coffee RunsĬut back on takeout meals and daily coffee runs to save on convenience expenses. Take advantage of coupons, promo codes, and cashback offers when shopping online. Compare Pricesīefore making a purchase, compare prices online or in-store to find the best deals. Get creative and start trying some new recipes that the whole family will love. Preparing meals in advance and ordering your groceries online for pick-up can stop you from going over budget. Prepare meals at home to save on dining expenses. Eating out can quickly drain your wallet. You’ve heard this one before but you might not realise how big an impact it can have on your physical and financial health. Spring is the time to weed out subscriptions you’re not using or to shop around for a better deal. Next thing you know, you’re paying out hundreds a month in extra money. From Spotify to Netflix, gym memberships to mobile apps, a lot of bills are based on subscription billing-$9.95 a month here, $50 there. Cut Unnecessary SubscriptionsĬancel or pause subscriptions you no longer use or need, like streaming services or magazine subscriptions from your monthly spending. Your personal finances will thank you for it. Spring is the perfect time to set a new savings goal, eliminate credit card debt and review your spending habits. The rest of the tips that can help make the most of your financial situation. Our mortgage specialists put your interests first and will help to explain the pros and cons of moving your mortgage or leaving it where it is. Better still, give the MyBudget Loans team a call. Talk to a broker or use an online mortgage comparison site. To check you’re getting the best deal on your mortgage, compare products and lenders. With the Reserve Bank of Australia (RBA) having introduced a total of 12 interest rate increases since May 2022 in order to curb the rate of inflation, many Australian home owners are struggling to keep up with mortgage repayments. Spring clean your finances by getting a better deal on your mortgage. The same applies to health insurance or pet insurance. Ensure you have the right amount of cover with this handy building value calculator and home contents calculator. For the same cover, she’s now saving $1,700 a year-with the same insurer! Review your level of insurance coverageīeing insured is an essential step to spring-clean your finances, but you don’t want to overpay for insurance you don’t need or find out that you’re underinsured where you need it. MyBudget member Kerri recently compared her home and contents insurance bill against competitors using Compare The Market. If you’re stuck on how to organise your finances, insurance is one area where there are huge savings to be made. These are the big three, along with refinancing any outstanding loans which can be done through the friendly MyBudget Loans team. Our tips are designed to help you dust off your money goals, clean up your finances and prepare for a sizzling-hot summer of financial fitness. If you’re not sure how to organise your money, and you want to reduce household bills and spring clean your finances, you’re in the right place. At MyBudget we think it’s always a great time to clean up your finances, no matter the season. If you’re waiting for the change of season to spring-clean your finances, here’s your sign to start today.
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