Sunny's Money Truth Bombs
15 August 2018
Are you ready to hear some truth bombs about Australian’s spending and saving habits? From buying a home to the cost of kids, managing your living expenses to being smart around payday – knowledge is power, as they say, so watch on!
Oh hey Australia, what’s cooking?!
Not much apparently.
Less than 1/5th of people aged 14-29 aren’t confident about cooking
so they’re ordering take away.
But really, you can learn anything on the Internets right?
And then you’ll save heaps.
Let’s cook your way to an amazing holiday.
Before you order that pizza, consider getting creative in the kitchen instead. It’s one way you can fast track your savings for your next holiday!
Apparently us kids cost a fortune over 17 years.
$297,000 big ones.
Totally worth it though Mum right? Right?
So when you’re planning a family, start planning those finances too.
Having kids can be expensive! It’s never too late – or early – to start a saving for your family.
On average, us Aussies spend $1,800 a year on clothes!
But instead of hitting the shops tonight, put your money away for the sales and get more cool stuff for less!
Aussies love to shop, but could your hard-earned dollars go further? Why not save your shopping for the sales – you could get more for less.
35% of women and 24% of men often buy things on impulse.
Glitter roller skates. Case in point.
If you put your money into a savings account, not only will it earn you interest it could help you stop spending on glitter!
Many of us spend our money on impulse purchases, but putting your money into a savings account can earn you interest. Seeing your dollars stack up might also make you think twice about buying things you might not need right now.
They say money can’t buy love. But love sure does cost money.
$30,000 precisely. That’s the average cost of a wedding.
But with a little smart savings plan, you’ll be able to do it standing on your head.
Ow, love hurts.
Weddings can cost thousands, and no one’s saying they’re not worth it, but to ease the financial strain it can be smart to create a savings plan. That way, you can get on top of your finances, understand your budget and focus on what really matters for your special day.
Read more on Learn About
The facts and figures in Sunny’s truth bombs come from the following reports: Australian financial attitudes & behaviour tracker – September 2014 – February 2015, The Household Income & Labour Dynamic Australian Survey (2014), Mozo’s Annual Cost of Lifestyle Report (2017), Ipsos, Enhanced Media Metrics Australia (2014), Suncorp Bank, Cost of Kids Report (2016), The Household Income & Labour Dynamic Australian Survey (2014)
Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you and read the relevant Product Disclosure Statement or Product Information Document before making any decisions about whether to acquire a product