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Are Christmas Club Savings Accounts A Good Way To Save For Christmas?

You have probably never even heard of a Christmas Club Savings Account.  They are an account that helps you save for Christmas by allowing you to make direct deposits of your savings during the year but you can’t access the account without penalty until Christmas time, generally from the 1st of November.  Christmas Club  Savings Accounts were really popular in the 1970s and 1980s and are now becoming harder to find.  The big banks no longer offer them but you can still find them with some of the smaller banks and credit unions.   So are Christmas Club Savings Accounts worth it?

Well, the biggest pro for a Christmas Club Savings Account is that they allow you to start a regular savings habit for Christmas, while restricting your access during the year.  Generally speaking most accounts allow you to access your money for free from the 1st of November until the 31st […]

By |November 20th, 2014|Christmas|13 Comments

How I Raised An Extra $910 To Pay For Christmas!

Freaky!  How fast has this year flown!!  I cannot believe it is already the first week of November and it is only 7 weeks until Christmas!!!  Yowsers!!!  So given the time pressure lately I have been putting a lot of thought into how to raise some extra cash to help pay for our Christmas.  Not that our Christmas is particularly elaborate, usually it is a pretty simple roast chicken lunch at my house for my mum, sister, hubby, daughter and myself.  We try to keep Christmas simple and low key.  No pressure.

However, this year Miss Money is hankering after a Barbie Dream House and with $270 being the best price I can find on the internet, it is a big chunk of the Christmas budget.  Given I have fond memories of my 1970s/early 80s Barbie Townhouse I would really like to get it for her.  Also on the Christmas shopping […]

By |November 6th, 2014|Christmas|22 Comments

Surviving Redundancy

I think I am in a pretty unique position to write about redundancy.  You see, I have been made redundant twice during my career and my hubby was made redundant at the start of 2014.  So a score of 3 for our family so far.  The first time I was made redundant was in 2004, when the British hedge fund I was working for packed up its Australian office and moved back to the UK.  One minute we all had jobs.  The next minute none of us did.  The model we were trading off hadn’t been performing, so we kind of saw it coming.  Even then it was a shock.  The second time I was made redundant was in 2012.  It was my 39th birthday and I was 11 months in from my return from maternity leave when I was taken into the little room and told my services were […]

By |October 22nd, 2014|Budgeting|19 Comments

How To Win Free Stuff!

This post is a guest from my great friend Lisa-Marie from The Retro Mumma.  I am constantly in awe of Lisa Marie’s ability to win the best free stuff.  She is always winning the kind of stuff that you really want.  So she has popped over to Money Mummy to share her secrets with all of us. Take it away Lisa Marie!

How To Win Free Stuff!

Today I was pampered and treated to a beautiful cut & blow dry from Yeah Hair Baby in Marrickville.

What was even more fabulous was that it was FREE!

Some people say that I was born with a 4 leaf clover, but I don’t believe that – it just comes down to the old saying of ” you have gotta be in it to win it”.

So how did I win this beauty treatment? Well I won it through a Facebook promotion on the Yeah […]

By |October 14th, 2014|Saving|10 Comments

5 Simple Savings Ideas That Absolutely Everyone Can Use

This post is brought to you by ASIC’s MoneySmart website

Most people think that in order to save money you have to do some really grand gesture, like only soup for dinner for the rest of your existence, but saving money does not have to be that difficult.  In fact, I believe that when it comes to saving, it is the small things that you do every day that really matter.  So here are five of my most favourite simple savings ideas that absolutely everyone can use in their everyday lives.

  1. Choose a goal and create a plan

    You need to have a savings goal.  Without a goal it is easy to splurge money on a whim.  Goals give you focus.  Everybody has different savings goals.  Choose yours, whether it be a holiday, buying your dream home or saving for your child’s education.  You don’t have to have just one goal, […]

By |October 6th, 2014|Saving|26 Comments

10 Ways To Reduce Your Average Electricity Bill

Last year I wrote about my horror at receiving a $1400 electricity bill for winter!  I realise that my house is all electric but still the shock prompted me to search out a better deal.  A couple of weeks ago I received my winter electricity bill for this year.  I am proud to report that my winter electricity bill was down 28% from last year and is now around $1000.  Although a lot better than last year, $1000 still seems like a lot to me for a small house with 3 people living in it.  Surely there is more we can do?  So here are a list of some of the things we are going to implement in our household to cut our average electricity bill even further.

  1. Finish our move to energy efficient light bulbs

    We still have quite a few old light bulbs in our house. A move to energy […]

By |September 25th, 2014|Saving|16 Comments

Home And Contents Insurance: How Do You Know If You Have Enough?

This post is brought to you by Understand Insurance

Insurance is a funny product. It seems like a big fat waste of money until you need it. But when you need it, it then becomes invaluable. We bought our home six years ago. Like many people, our family home is by far our largest asset. However, our mortgage is by far our largest debt.

No-one wants to think about it, but what if something were to happen to our house? Without home and contents insurance we would be left with a small (and I mean teeny tiny) block of land in Sydney’s inner west and we would still be left to pay our mortgage. Yes, no couch to sit on, no TV to watch, no clothes to wear, no house to live in but our debt would still exist and the bank would still want its monthly repayment! For us it would […]

By |September 3rd, 2014|Insurance|38 Comments

MoneySmart Week – Come And Join Me And Take Up A Money Challenge!

The first week of September is a very exciting week in my calendar.  It is MoneySmart week!!!  For those who haven’t heard of MoneySmart week, it is a week dedicated to taking simple steps to make a positive difference to your finances.  It is a fantastic opportunity to learn more about your money and improve your money management skills.

To help us all do this, this year the people at MoneySmart Week have come up with seven FREE money challenges:

  • Ditch your debt (credit and debt)
  • Sort your super (superannuation)
  • Manage your money (budgeting)
  • Protect what’s precious (insurance)
  • Build your worth (saving & investing)
  • Plan ahead (estate planning)
  • Female financial fitness

There is also an eighth challenge for Under 18s called Start Early!

Each challenge gives you 3 easy steps to help you get on top of that issue.  All the challenges are completely FREE!!

So, don’t miss this opportunity to get you finances in order.  Pick an area (or two, […]

By |August 20th, 2014|Budgeting|27 Comments

5 Ways To Avoid ATM Fees

Ok, if I was to list my 5 pet peeves it would go something like this:

  1. Dirty glasses (yes I have four eyes and any spec on my glasses drives me crazy)
  2. Dirty car windscreens (I think this might be related to the glasses thing)
  3. Coriander (yes, who knew I could find it so offensive?)
  4. ATM Fees
  5. Scam artists and those who rip others off

Yep, they don’t call me The Money Lady for nothing.  ATM fees rank pretty highly on my list of things that give me the sh*ts!  I really can’t understand why I have to pay to access my own money and particularly why using an ATM which is not my bank’s can cost me anywhere between $2 and $3.50.  A cost that is totally out of line with the actual cost of the electronic transaction to my bank!!!!  Though I can see why the banks like ATM fees, apparently in the year […]

By |August 6th, 2014|Saving|13 Comments

Pumpkin Soup – Family Meals On A Budget

So here is our 5th winter family meal on a budget recipe and oh shock horror it is from me!!!!  As most of you know I am no Martha Stewart in the kitchen, well particularly not the insider trading bit!!!  But this post is proof that anyone can cook, and even better they can write a recipe too!!!  This is one of my faves.  Not only is it budget, but it is super-dooper easy! So give it a go! Here it is!

This is my version of Pumpkin soup and it is a huge hit in our household, even with the particularly fussy nearly four year old.  I use it as an opportunity to hide in there all things orange so particularly things like sweet potato and oddly enough pumpkin which she will not touch under normal circumstances!  Yes, strangely enough she will eat pumpkin soup but will not eat pumpkin […]

By |July 31st, 2014|Recipes|11 Comments