How Aussies can avoid the ‘spaving’ trap
In a world where the temptation to splurge is everywhere, it's easy to fall into the trap of 'spaving', aka - spending to save. While it may seem like a savvy strategy at first glance, this trend can quickly lead to financial pitfalls if not approached with caution.
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6 tips that could help you save $10k in 5 years
Saving doesn’t have to be complicated, and if you put aside a little bit each time you get paid, you could have as much as $10,000 in your savings account in five years time.
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As the Aussie interest rate holds, savers should look for better rates
After the Reserve Bank’s recent May meeting, it seems Australia's cash rate is going to hold at 4.35% a while longer.
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4 totally underrated savings tips from mums
No matter what continent they live on or what language they speak, you can always count on mums to tell you exactly what they’re thinking. Yes mums sometimes have some painfully honest opinions to share, but they can also often give you extremely useful, shrewd tips to live by.
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Millennials and Gen Z struggle the most to meet savings goals – here’s how to buck the trend
Millennials and Gen Z are struggling the most to achieve their savings goals, despite being the most-likely age groups to set them according to data published in the 2024 Mozo SOS Savings Report.
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Which Savings Accounts changed rates in April 2024?
Savings account rates remained relatively steady in April, with only a handful of providers making adjustments to interest rates according to Mozo data, while the RBA cash rate remained unchanged.
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Laziness and loyalty: new survey exposes the key factors slugging Aussies with the lowest savings rates
1 in 6 Aussies say they’ve never changed savings accounts “because it’s too much effort”, but a new report from Mozo has found that those of us who haven’t bothered switching are lagging behind with the lowest interest rates.
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8 tips to help you save money when you’re already on a budget
The continued rising cost of living means expenses are piling up, which makes sticking to a budget and finding the small wins all the more important. You may feel personally victimised by your skyrocketing supermarket bill, but there are some things you can do to help reduce your spending and build up those savings even if you are already on a tight budget.
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Have you stuck to your 2024 savings plan?
The first quarter of the year has already flown by, and it's a good time to take stock of your financial progress. Did you manage to stick to your savings plan, or did unexpected expenses and financial challenges derail your goals?
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