..

Money

Simple Ways To Spend Your Money More Wisely

  • Written by News Company
Not every wealthy person ended up with a great deal of money because they were born into a trust fund family. In many cases, they used wise money management skills and a finely honed work ethic to get into the fortunate financial position they have now managed to achieve. Even if you’re starting with very little, financially speaking, there are smart spending habits you can adopt that can help you make more of what you have. Small savings can add up, and in time you could achieve the financial freedom you’ve always wanted.




 

Get out of the rental market.

 

Everybody knows that sticking around in the rental market is essentially spending your salary every month to pay off someone else’s mortgage. It works well for a while, but eventually you’ll find that you’re draining your income source without reaching your own financial goals. While getting into a position where securing a mortgage may take time, there are exciting and innovative strategies available today that could help you become a homeowner sooner than you might be expecting. For example, steel kit homes give you an opportunity to design your own dream home while offering the flexibility to create a property you can actually afford. Explore your options before you sign yourself over to another long-term lease.

 

Buy pieces that last.

 

It’s tough to consider this piece of advice when your short on cash, but it will pay off in the long run. Avoid fast fashion, cheap furnishings, and short-term savings and focus on the bigger picture when making purchases instead. Before you buy something, consider whether it will retain its value or end up in the back of your cupboard within the next year or so. This is especially important when it comes to big purchases like cars - that second-hand cheapie you found online may look like a bargain, but when you consider the costs involved to keep it running, you could be pouring money down the drain.

 

Take note of waste.

 

Start paying close attention to your grocery shopping and consumption habits. For example, take a look at how much of your weekly shop ends up going off before being eaten, or going in the bin rather than being consumed. Many families head to the supermarket without proper lists, buy unnecessary ingredients, and waste money without meaning to by essentially purchasing food just to throw away later. Shop smarter by meal planning, making clear lists, and only buying what you’ll really use.

 

Manage credit sensibly.

 

Having a credit card is often seen as an all-out bad decision, especially for young people, but that’s not necessarily the case. Building a good credit score is essential if you want to land a mortgage in the future and create a solid financial future for yourself. Shop around for a credit card with great rewards and a low interest rate, and then be very, very careful about how you use it. That means no impulse buys, no big purchases, and a carefully scheduled repayment date each month that you meet no matter what. Using your credit card to pay for a small grocery shop and then paying it off on time each month is a great way to slowly but surely build up a solid credit score.

Politics

George Neophytou - Don’t be taken for granted

George Neophytou George Neophytou, independent candidate for Gippsland East is concerned our electorate is being taken for granted. For too long Gippsland East has been the electorate that Labor...

Prime Minister's media conference at Glenelg

DOORSTOP WITH PREMIER OF SOUTH AUSTRALIA HON STEVEN MARSHALL MP, MINISTER FOR DEFENCE, THE HON CHRISTOPHER PYNE MP AND NICOLLE FLINT MP, MEMBER FOR BOOTHBY GLENELG, SA SUNDAY 14 OCTOBER 2018 SUBJEC...

Canavan calls out Shorten’s resources schtick

Resources Minister Matt Canavan has called on Labor to state one clear position – just one, not two or three - on the future of Australia’s thermal coal industry.   Following a string of confused ...

Business News

How to Improve the Work Environment for Employees

As an employer, there are many things it takes to hold a business together. As well as ensuring you market it and keep a steady stream of income, managing your employees effectively is also critical...

Guiding you Safely with AustralianCasinoClub

If you’re hunting for the very best advice on the Australian casino industry, we have found an interesting and informative site for you to visit called AustralianCasinoClub. In this guide to one of ...

Fusion Sport raises $3 million to drive global expansion

Fusion Sport, a global leader in human performance management software, has raised more than $3 million to expand its global sales and marketing capabilities.   The funding round was led by Sydney...

Travel

The Best Moment of Your Life from Lonely Planet

Discover 100 Life-Changing Travel Experiences with The Best Moment of Your Life from Lonely Planet What’s the best moment of your life? It’s a simple question to ask, but a more challenging one t...

Travel expert Anthony Goldman outlines what's trending for elite travellers

LOVERS OF LUXE DRIVING TRAVEL TRENDS   Travel expert Anthony Goldman outlines what’s trending for elite travellers in 2019 and beyond…   Media Release – 15 October 2018 - Travellers are splurgin...

End of year travel can deliver big benefits if booked on certain credit cards

With more than 56% percent of the Australian population now owning a passport, it is no surprise the Australia Government recorded over nine million trips overseas at 2017 financial year end.   A wh...