page contents

cash

/Tag:cash

From Little Things Big Things Grow….

As the song says “from little things big things grow”. I kinda already knew it and I teach it in my classes every week, especially in relation to saving. However, it hit home last week when we rocked into the bank with this inconspicuous bucket of small change. Granted, it was heavy.  All silver, 20c, 10c and 5c only.  All the good coins had been spent a long, long time ago.

How much is this bucket of coins worth? How much is this bucket of coins worth?

It doesn’t look like much does it?  How much do you think it was worth? On the way to the bank the hubster and I speculated about how much we thought it was worth. We both concluded that it would only probably add up to $20 or so. In our view $35 was the absolute max.  I […]

By |January 30th, 2016|Saving|10 Comments

Unusual Ways To Save Money

As most of you know I have a part time job teaching social workers about money so they can then help their clients.  It is a fantastic job for someone like me who loves talking and writing about money!  I love teaching the course because every time without fail I learn something new from my class that I can then think about using in my life or share with you all.  What I find fascinating about personal finance is that there is not a ‘one size fits all’ answer or only one way to achieve a goal, there are different ways that suit different people.  Believe it or not some of the most diverse answers come when we talk about different ways to save money….. so here are some of the most unusual ones I have heard lately.

  1. Cold Hard!
    Yep – you read it correctly when I asked one of my […]

By |July 24th, 2015|Saving|5 Comments

Pocket Money And My Mamamia Outloud Appearance!!!

I really enjoy blogging.  Not only does it give me the ability to interact and share my knowledge with my incredible readers (yes, you!!), it also at times throws up at times some pretty amazing opportunities. A couple of weeks ago one of these astounding opportunities hit my email inbox. It was an email from Holly Wainwright Editor of Mamamia!!! Yes the Mamamia, Australia’s premier website for women!!! Holly said that she had read my blog and was wondering if I would be interested in joining her and Andrew Daddo discuss pocket money on Mamamia’s popular parenting podcast “This Glorious Mess”.

“YES!!!” was my swift response!! Let’s face it, no one wants to reject the opportunity to be in the same room as a Daddo!!! :-)  So before I knew it I found myself in a recording studio chatting pocket money with Holly and Andrew!!! It was an amazing experience.  I was […]

By |May 10th, 2015|Children|6 Comments

How To Live On One Income

We have spent big chunks of the last four years since our daughter was born living on one income.  Some of it was voluntarily, like the twelve months maternity leave I took after she was born.  Some of it was involuntary, like the two redundancies that followed soon after that: one for me, then once I got a part time job; one for my hubby!  Go figure!  I joke that we are not meant to have two incomes in our household, or so it seems!  Living on one income can be tough.  Really hard given the cost of living in Australia is so high and the cost of housing, well don’t get me started on that one.  However, living on one income can be done, and here are some tips to help you through.

Check out what Centrelink benefits you qualify for

Going from two incomes to one income, could mean that you […]

By |April 23rd, 2015|Budgeting|15 Comments

How I Saved $93 A Month In 15 Minutes!

Our first post for 2015 is from the lovely Larissa from Hey Little Spender. Today she is sharing with us how she saved $93 per month in 15 minutes! Take it away Larissa!!

I know I should love this stuff, being a savings blogger and all that, but I’ve been procrastinating big-time on sorting out my two home loans.

They are the biggest investments I’ve ever made, and I worked and saved bloody hard to buy them.

However, strangely enough, finding a better deal on those loans doesn’t grab me the same way as, say, finding cheap movie tickets or saving money on holding a dinner party!!

What am I paying this much for?!

I know the rates are way too high at the moment, after coming off the end of a special rate which finished some time back. […]

By |January 8th, 2015|Mortgages|0 Comments

15 Ways To Save Money In 2015

As most of you know my day job is to teach social workers about money so that they can then help their clients with their financial issues.  A big part of the course is exchanging ideas on ways to save money.  I love to hear everyone’s tips for saving money and it is one of my most favourite parts of the course.  So, given I have heard heaps of ways to save money, I decided to compile all the best ones into this list.  I am not suggesting you do all of the things on the list, but take a look and use the ideas that make sense to you.

  • Use a separate bank account that is hard to access.
  • Direct debit a set amount into your savings account as soon as you get paid.
  • Get your employer to directly put part of your pay into your hard to access savings account so […]
By |December 11th, 2014|Saving|17 Comments

Road Safety This Christmas Will Also Save Your Wallet

This post is brought to you by Prime Lawyers.

Last week I popped out to my letterbox to see what the postman had brought.  No bills; fabulous, a few pieces of junk mail; ok, but then I saw an ominous looking envelope.  You know the sort, official looking but you can’t tell who has sent it.  I started to get nervous.  Could it be the dreaded Tax Department?  No, we already had a pay up notice from them and it wasn’t even due yet.  The Department of Social Security or Human Services or whatever they call themselves nowadays?  Nope.  It didn’t look good.  So with great hesitation I opened it.

It was a speeding fine!  Agggggghhhhhhhhhh!!!!!  I didn’t realise the main road next to my new job was a 50 km/h zone and I had been caught by a speed camera doing 64 km/h!!   The […]

By |November 28th, 2013|Christmas|19 Comments

How To Make Your Savings Work Harder (And It’s Not As Easy As You Think!)

Your savings are an investment.  They are not something that should be plonked into the same old  savings account because that is what you have always done.  You can, and should make your savings work harder.  With the latest round of interest rate cuts, interest rates are low and it is now even more important to make sure you are getting the best possible return for your savings.  “Don’t I just pick the account with the highest rate?” I hear you say.  Yes, generally speaking, but like most things it is not as easy as just that.  So here are a few things you need to look out for in choosing the best possible a savings account for your cash.

  1. What is the interest rate?  I know it is an obvious one.  The higher the better but there are a couple of tricks when looking at the rate.  Firstly, you have […]
By |August 15th, 2013|Saving|19 Comments

How Interest Rates Impact You And Your Family (It’s Not Just About Mortgage Holders)

Interest rate talk is everywhere, especially with last week’s decision by the Reserve Bank of Australia (RBA) to cut the official interest rate to 2.5%.  Many people think that changes in interest rates impact only those who have a mortgage but this is simply not true.  Changes in interest rates impact everybody.  They influence whether individuals like you and I decide to save or spend or borrow.  Or whether businesses, large and small will expand or contract.  In this way interest rates impact the direction of the whole economy, impacting the daily lives of you and me.

So let’s start at the start – what is an interest rate?  An interest rate is simply the price of money.  The lower interest rates are the cheaper it is to borrow money and spend it and the less attractive it is to save money (because you don’t get much return on your savings).  […]

By |August 13th, 2013|Interest Rates|3 Comments

10 Easy Ways To Save Money

Ok, here is a confession.  I am not very good at sticking to a strict budget.  For me, it’s like being on a soup diet, it is just not possible!  However, on my journey from being a spender to a saver I have learnt several tips that have helped my bank balance to grow.  Most of them are small things but the best part is that instead of being a chore or a punishment they have simply become a part of the way I live my life.

So today I would like to share them with you:

  1. I always write a shopping list and stick to it.  Supermarkets are the land of temptation.  They are deliberately designed that way.  Where and how each product is placed is planned to get you to spend more.  They call it the “theatre” of the shopping experience.  Have you ever wondered why the milk is always […]
By |August 2nd, 2013|Saving|21 Comments