Page 9 of 14 FirstFirst ... 7891011 ... LastLast
Results 81 to 90 of 131
Like Tree255Likes

Thread: Lets try to name 1000 money saving hints!!!

  1. #81
    Gav
    Gav is offline
    Administrator Gav's Avatar
    Join Date
    Jun 2012
    Location
    From Newcastle
    Posts
    8,420
    Blog Entries
    2

    81: Don't pay a fee to have a credit card, get a free one, take advantage of interest free.

    81: don't pay to have a credit card!

    I know if you're trying to get out of debt credit cards can be a bad thing to have, especially if you're paying an annual or monthly fee just for the bank to supply you with a card, instead switch to a credit card that's free: Fee Free Credit Cards, best cards with no annual cost in Australia! then only use that card when you know you can pay back the whole amount as you do not want to be paying interest on credit cards.

    81b: Make your credit card work for you! Take advantage of interest free periods:
    I love my credit cards, I pay for everything on them, but I don't fill them each month, I shop as I would if I were using cash and often receive rewards points.

    Use the credit period to buy big purchases and have your money sitting in savings.
    My credit card period runs pretty much from the start of the month until the end, so I know that if I purchase something big I don't have to pay it off until almost the end of the following month, giving me 55 days interest free where my money sits in the bank account and earns me interest.

    Example:
    1st of October, new period of credit card spending, I buy a laptop for $1,200 I put that $1,200 into a savings account, making sure I get the best interest rate: Compare best interest rates for instant access savings | Money | Saver Scene Australia it sits in there until 3 to 5 days (depends if it's a weekend) before the balance is due on my credit card bill so I have time to transfer it and not pay late fees.

    Something like this will earn about $7 at current interest rates: 4.51% x 1200 / 100 = $54.12 / 365 = $0.148 x 50 (interest free days) = $7.41. It can earn you more when interest rates for savers go up again.

    Stoozing
    You can take this further by getting credit cards with interest free periods for spending, see the top ones here: The longest interest free period for new spending with a credit card in Australia and then put the money into a savings account for the period of interest free spending. Read more about Stoozing here: Credit Card Stoozing.
    fool, DealDude, DealHouse and 1 others like this.



  2. #82
    Junior Member GammaJeela's Avatar
    Join Date
    Sep 2013
    Posts
    6
    82: Do not follow the success stories as they have struggled in their own way..!
    Just try to be different...! Try to to create your own ways....!

  3. #83
    Senior Member
    Join Date
    May 2013
    Location
    Sydney CBD
    Posts
    285
    Money Tip 83: Sign up for all the FREE loyalty and reward programs you can, even if you don't shop at the store regularly they can mount up and get you free things or money off vouchers, do not be swayed by the vouchers they post out to buy extra things only look at the vouchers and rewards when you plan to go to that particular shop.

    Make sure they're free loyalty programs do not pay for loyalty programs a shop of the same quality and selling almost the exact same things will be offering a free program somewhere.
    Gav, DealDude, shopaholic and 1 others like this.

  4. #84
    Administrator fool's Avatar
    Join Date
    Jul 2012
    Location
    Newcastle
    Posts
    17,312
    Tip 84- If you buy fruit and veg from a supermarket look at the price/kg on the bagged fruit and veg, it is often cheaper than the loose items, saving money and effort, win win!

    Tip 84.5- May have already been said, If you are about to buy from a website for the first time see if they have a newsletter and sign up to it, they often give you a voucher or discount code.
    Gav, DealDude, DealHouse and 1 others like this.

  5. #85
    Administrator fool's Avatar
    Join Date
    Jul 2012
    Location
    Newcastle
    Posts
    17,312
    Tip 84.75- Find faults in Microsoft's software and they pay you money
    Microsoft pays $100k bounty to British researcher who found Windows 8.1 bug

    Microsoft pays $100k bounty to British researcher who found Windows 8.1 bug | Technology | theguardian.com


    Tip 85- If you want to have a go at repairing something around the house or even something small on the car have a search on YouTube, it sounds silly but there are some amazing home DIY tutorials on there, I use it to tie my tie every time I go to a wedding
    Gav, DealDude and shopaholic like this.

  6. #86
    ash
    ash is offline
    Junior Member
    Join Date
    Oct 2013
    Location
    Australia
    Posts
    3
    Tip 86: Open your oven after you've finished cooking and switched it off to make use of the extra heat (unless it's summer, then keep it closed!)

    86bIt's probably already been said, but use a coupon code website when you need to buy something online. It will save you a little bit of extra cash. I like Flipit.
    Gav, fool, DealDude and 1 others like this.

  7. #87
    Gav
    Gav is offline
    Administrator Gav's Avatar
    Join Date
    Jun 2012
    Location
    From Newcastle
    Posts
    8,420
    Blog Entries
    2
    Nice one Ash, that's one tip I already do, I'm in the UK at the moment and we've got a washing line that goes above the oven in the kitchen, my wife does a lot of baking and we open it when it's finished to try and help dry the washing off.

    Tip 87: Don't over spend at Christmas

    This is a big one, was chatting with a friend on the weekend and they said they'd almost paid off the debt from last Christmas and it's now October and just over 2 months until Christmas!!! This is crazy, I understand the want to spoil family and friends at Christmas, but don't over do it and if you are going to go into debt for it then take advantage of interest free periods on credit cards; see the money saving tip 81.
    DealDude and shopaholic like this.

  8. #88
    Gav
    Gav is offline
    Administrator Gav's Avatar
    Join Date
    Jun 2012
    Location
    From Newcastle
    Posts
    8,420
    Blog Entries
    2
    Quote Originally Posted by fool View Post
    YouTube, it sounds silly but there are some amazing home DIY tutorials on there, I use it to tie my tie every time I go to a wedding
    I had to do this for a wedding I was at in August as I've never had a job where it's been expected that staff wear a tie, ah the IT department it's not that different to the IT Crowd, and strangely some of the situations we end up in aren't far off either! Anyway... Next tip:

    Money Saving idea #88: If you do make a saving on something put that money into a savings account.

    A lot of friends tell me they saved $100 on a TV, or $20 on a pair of shoes or $50 on a phone contract, but that's not a saving if you just use that money on a few extra drinks at the bar and forget about it, put that cash into a savings account even if it's an instant access savings account, top interest rates can be found here: Compare best interest rates for instant access savings | Money | Saver Scene Australia it's better than just going oooh I've got the extra $50 now I'll buy this and this and this and suddenly you've spend $60. I've been there!
    fool, DealDude, DealHouse and 1 others like this.

  9. #89
    Gav
    Gav is offline
    Administrator Gav's Avatar
    Join Date
    Jun 2012
    Location
    From Newcastle
    Posts
    8,420
    Blog Entries
    2

    Set up regular savings and look for daily compound interest savings accounts.

    Ways to save money #89: Put a small amount into a savings account every month and be structured about it, look at how compound interest can help you reach your savings goals sooner, if you can find a savings account that gives you daily compound interest it can make a good amount of difference:

    There's a Compound interest calculator on here:
    Compound Interest Calculator | Money | Saver Scene Australia

    This is with Interest added annually with a sum of $100 per month at 5% (a little high at current rates) you can see the difference daily calculated interest makes on annual interest, even with smallish sums daily interest adds up to an extra $20.99 over 5 years:

    Year Year Investment Total Investment Year Interest Total Interest Balance
    1 $1,100 $1,100 $27.26 $27.26 $1,127.26
    2 $1,200.00 $2,300 $88.62 $115.88 $2,415.88
    3 $1,200.00 $3,500 $153.05 $268.93 $3,768.93
    4 $1,200.00 $4,700 $220.70 $489.63 $5,189.63
    5 $1,200.00 $5,900 $291.74 $781.37 $6,681.37


    Or compound interest on a daily basis:
    Year Year Investment Total Investment Year Interest Total Interest Balance
    1 $1,100 $1,100 $27.94 $27.94 $1,127.94
    2 $1,200.00 $2,300 $90.90 $118.84 $2,418.84
    3 $1,200.00 $3,500 $157.08 $275.92 $3,775.92
    4 $1,200.00 $4,700 $226.65 $502.57 $5,202.57
    5 $1,200.00 $5,900 $299.79 $802.36 $6,702.36

    Try out your own regular savings interest rate plan on the calculator here: Compound Interest Calculator | Money | Saver Scene Australia
    DealDude, DealHouse and shopaholic like this.

  10. #90
    Senior Member shopaholic's Avatar
    Join Date
    Mar 2013
    Location
    Melbourne
    Posts
    5,326
    Gav that's a great tip about saving, was going to list this as a tip if it's too similar please remove it

    #90 Start saving when you're young, it doesn't have to be a lot, but the more you can the more you have later in life, I'm in my early 30s and trying to get a home loan for a small Melbourne flat is hard as I haven't put away enough when I was younger. I had a good time in my 20s but I didn't put much away.

    Even putting away $50 a week from 25 to 30 would have been helpful in getting a better deal for my loan and earned me a bit in interest. 5 years at $220 a month turns out to earn $2,232.10 in interest using the compound interest calculator at 6% might be a little lower now, there were good deals over the last 5 years that I didn't take full advantage of
    Gav, DealDude and DealHouse like this.
    I love to shop!

Page 9 of 14 FirstFirst ... 7891011 ... LastLast

Similar Threads

  1. Replies: 0
    Last Post: 06-12-2012, 07:28 PM
  2. Replies: 0
    Last Post: 23-08-2012, 08:31 AM
  3. Home Energy Saving Consultation, Perth
    By SaverScene in forum Groupon
    Replies: 0
    Last Post: 23-08-2012, 08:31 AM
  4. Home Energy Saving Consultation, Perth
    By SaverScene in forum Groupon
    Replies: 0
    Last Post: 21-08-2012, 04:12 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
share this page


1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129