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.
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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.
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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.
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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.
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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.
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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.
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In a recent Mozo study, QLD was revealed as Australia’s vainest state, with an annual spend of $989 per capita on beauty products.
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