Tagged With spending money

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Adhering to a strict financial plan is a lot like following a healthy diet. You do it because you know it will help you feel good now and set yourself up for the best possible future.

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When you spend money impulsively, it isn't necessarily on luxuries. We buy some pretty boring stuff: Household cleaning products, for example. Research shows we like to buy practical, useful things, which makes spending impulsively even more dangerous.

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The Reserve Bank of Australia (RBA) is in the process of redesigning the country's banknotes with an emphasis on new security features. Following in the footsteps of the $5 and $10 notes, we now have a new $50 version - and we're beginning to come around to the updates.

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Believe it or not, it's time to start saving for the holidays. Gifts, travel, parties -- these expenses creep up on you fast, so you want to prepare as soon as you can (and that means now). To help you save, this month we're challenging you to cut back on a common splurge: Restaurants.

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Back in 2013, an irate motorist in Adelaide attempted to pay his traffic fine with nothing but loose change. The video of the incident went viral and online debate raged over whether the council was entitled to refuse the payment.

As we explained at the time, there are legal restrictions when it comes to paying for goods and services with coins - but how many is too many? This video has the answer.