saving money

Use The SMART Method To Set Achievable Goals For Your Finances

Deciding you want to save money for an emergency fund, retirement or just for fun is a smart decision. But do you have a plan to get there? Use the SMART method to bridge the gap.


Apps That Work Without Paying For In-Flight Wi-Fi

In-flight Wi-Fi is a very handy option when you’re travelling overseas, but it doesn’t come cheap. Erica Ho at Map Happy found that many Google apps, as well as a few others, work on your smartphone without paying once you’re connected to the Wi-Fi network on the plane.


Be Aware Of Your Knowledge Limitations With Investing

Most regular investors know it’s not worth it to try to time the market or keep up with stock prices. To avoid any investing pitfalls, it’s important to acknowledge our own limitations. Wealth advisor Jonathan K. DeYoe does a good job of explaining why: If you’ve read about a stock in the news, that means it’s old news.


Focus On The First $10,000 When You Start Saving Money

Saving for the long-term is intimidating. If you’re starting out, don’t overwhelm yourself too much. Just focus on getting the first $10,000.


Use A 'One Month Ahead' Budget To Adjust For Irregular Income

Setting up a budget is easy when you’re making the same amount of money every month and your expenses are fairly regular. It’s trickier when your income fluctuates. Get one month ahead on your bills and you’ll have more control.


Why 'Fixed Price' Electricity Contracts Are Not Worth Signing Up For

Think that by signing a fixed-price contract for electricity or gas you’ll know what the rate is for the life of the contract? Think again. The market regulator has confirmed that power companies have the right to change the rates charged on a fixed-price contract whenever they like — even before the deal begins. What a ridiculous joke.


'A Dollar Is A Dollar, Not A Percentage Of What You're Buying'

Getting something on sale is a great feeling, but it can mess with your mind. We all know this, but it’s hard to avoid our mind’s internal bias. Here’s a good mantra to repeat to yourself: A dollar is a dollar, not a percentage of what you’re buying.


Treat All Linear Growth As Exponential Growth When You Save Money

When we think of our savings, we tend to think in linear terms. If you save $20 every week for a year, you’ll have $1040 by the end of the year. However, when it comes to saving money (or anything else), linear growth becomes exponential growth the more you do things.


ACCC Cracks Down On Drip Pricing By Ticketmaster And Ticketek

Back in February, consumer regulator the Australian Competition and Consumer Commission (ACCC) started a wide-ranging investigation into drip pricing: constantly adding extras during a purchase process so the final price ends up higher than expected or advertised. That campaign has scored a notable result today, with ticket agencies Ticketek and Ticketmaster promising to make their fees clearer to consumers.


Remember 'Money Is Permanent' To Curb Spending Habits

Splurging on meaningless things is too easy to do. Determine which transactions are really important by remembering you have a finite number of dollars to spend in your lifetime.