Insurance

Let’s make a pact right now to avoid car insurance renewal blunders in 2021. It’s easy to take a misstep when it comes to renewal time, but this year that won’t be you. 

After the utter mayhem that ensued when borders closed and travellers scrambled to get refunds on flights, research shows that 60% of Aussies have become disenchanted with travel insurance*.

It’s understandable if you’ve been looking into income protection insurance lately. This year has been a tough year for many Australians financially and knowing that your income is protected should you suffer from sickness or injury, at least provides some peace of mind.

For many 2020 has been the year of discovering and embracing new hobbies, from cooking up a storm to learning how to sew. Inside homes across the world, people have been doing workouts, practising musical instruments and, of course, baking banana bread.

Considering buying a dog, cat or pony for Christmas? Paws a moment. Yes, we know the idea of a new fur baby may be hard to resist, but you need to be ready for the commitment you are making. And that’s not only in terms of time and love, but financially as well. In fact, a recent Mozo mystery shop of some of Australia’s most popular pets indicated that on average prices for fuzzy friends increased by 78% over three years. Meanwhile, the cost and set up of a pet (including expenses like bedding, vaccination and food) increased by 59% on average from 2017 to 2020. With a crowd-favourite breed, the Cavoodle, bumping up by a whopping 344%. Ultimately, this means some pets could end up costing you thousands of dollars, and that’s just in the first year of ownership.