If you’re one of the thousands of Australians who’ve set yourself a serious savings goal for 2020, the news that banks are slashing savings rates yet again won’t be very welcome but it should be a very big wake-up call to check the rate you’re now getting.
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Putting your kids through school is no easy expense - and every back-to-school period, Aussie parents face the same old struggle of staying on top of the costs of a new term. New Mozo research has found that households across the nation could be spending some billions of dollars every year on things like lunchbox snacks and after school activities.
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Research from Mozo has found that Aussie parents could be spending a shocking $3 billion each year on prepackaged lunchbox snacks.
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Just months after shaving 25 basis points off the introductory bonus offer rate, ANZ has again made cuts to its ANZ Online Saver account. This time round slicing 5 basis points off the base interest rate to lower the maximum interest to be earned with this savings account from 1.60% to 1.55%.
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In a surprise move announced yesterday and implemented today, NAB has reduced interest rates on two popular savings accounts by up to 0.15%
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If it’s seeming more and more difficult to save money nowadays, you can take some solace in knowing you’re not the only one. A recent study by ME found that inadequate incomes are the main thing keeping Australians from reaching their financial goals in 2020.
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It’s a new year, a new decade in fact, so what better time than now to shoot for the stars by setting a serious savings goal for 2020?
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Still need to set your new year’s financial resolutions? Well, take inspiration from online bank UBank’s interesting new data which reveals the most popular savings goals among Aussies in 2020 and how much they’re saving towards them.
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At the start of every new year, it seems that everyone has got the same goal in mind: to save more money. But obstacles and temptations abound, and even after a few setbacks it’s easy to become demoralised.
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The doors to 2020 have opened, and with it, the opportunity to kick start the year with some healthier money habits that will also lead to a wealthier you this year.
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