Aussies spend on eating out given no overseas travel

By Tara McCabe ·
Australians spending more on eating out, barista wearing mask hands a cup of coffee to a woman also wearing a mask.

With the second Covid-19 wave underway, Aussies have pretty much resigned themselves to a travel-free 2020. Instead, Toluna’s ongoing Covid-19 Barometer shows that people across the country are focusing on spending locally and supporting small businesses in their area.

Toluna’s research highlights that for cities not currently in lockdown, nearly half of residents plan on dining out in the next one or two months. With some of the lowest case numbers, WA residents are the most keen to eat out, with 60% of those surveyed saying they intend to visit local cafes, restaurants and so forth in the near future.

“With the country in various stages of lockdown, Australians have adjusted to the reality that travel and big ticket events are going to be off the cards for some time. This has made consumers more cautious with their spending, but the good news for local cafes and retailers is that they are still spending, and eating out is high on the agenda,” says Toluna’s business director Stephen Walker.

Other local businesses Australians intend on spending money on in the next few months include hairdressers, salons, cinemas and even gyms.

Do Aussies have more disposable income?

The survey found that around a third of Aussies are hesitant to book any holidays with some even saying that they would hold out on booking tickets to any events until August next year. With all this in mind, those lucky enough to have held on to a job in these hectic times are likely to have a bit more disposable income. 

Now while there’s nothing wrong with treating yourself, if you’re one of the 40% who intend to be more careful with their finances, then you may want to look into getting yourself a top notch savings account.

If you find that your bank balance is taking longer to go down and you actually make it to the next payday without going into the danger zone, then you could be stashing those funds away and making yourself some sweet interest.

Head to Mozo’s compare high interest savings accounts page to see where you could be putting your disposable income. Or check out the interest rates on offer below.

Compare high interest savings accounts - page last updated September 26, 2020

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Tara McCabe
Tara McCabe
Money writer

Tara McCabe writes across all areas of personal finance here at Mozo from banking through to insurance. Tara is expert at practical money tips, showing readers ways to live richer and be socially conscious while doing it. She earned a BA (Hons) in English Literature from Canterbury Christ Church University.