Generation Y employees are spending over $200 more than the average Australian on getting ‘work ready’ each month, with costs such as travel, lunches and take away coffees proving the most expensive costs for workers.
With 2017 underway, Aussies who made a resolution to save more money are doing it tough so far, as Mozo’s data shows that a number of banks have already welcomed the New Year by cutting rates on savings accounts.
Whether it’s a trip to Asia or buying their first home, Australians of all ages have made saving money their foremost financial priority in 2017, according to a new study.
They might not know it, but newborns across the nation are in for a savings surprise with Westpac announcing a $200 contribution to the savings account of any baby born in 2017 who has an account opened in their name.
If Aussies haggled on common life expenses like financial products and utility bills, they could save an average of $1,547, research commissioned by Mozo has revealed.
Aussies are self-proclaimed tightwads fixated with skimping on fashion and food because of the instant gratification it gives them, according to a consumer behaviour report.
In a recent Mozo study, QLD was revealed as Australia’s vainest state, with an annual spend of $989 per capita on beauty products.