Top Tips for Spending Less

Read More

Top Tips for Spending Less

There are only two ways you can save more: you can increase your income, or cut back on your spending. Here are seven great ways to save by spending less:

  • Buy and sell second hand goods on trading websites. Have a rule that before you buy anything new, you have to get rid of something first. That way, you avoid accumulating clutter.
  • If you have to buy new, use price comparison sites on the internet to find the cheapest deal. However, stay away from one-day deal sites to avoid impulse buying.
  • Wait before you buy. If you have spotted a must-have pair of shoes in your lunch hour, wait until the next day or the next week before you think about buying. You might find they are not such a compelling purchase the next time you see them.
  • Negotiate the price you pay. This is a lot easier to do if you pay cash. Negotiating can work well on a high value purchase such as a car, or something that has no value past a certain time, such as a last minute stay at a motel.
  • Choose lower cost alternatives. Take your partner out for a romantic picnic instead of a swept-up dinner at a restaurant. Give hand-made or home grown gifts. It’s the thought that counts!
  • Don’t pay extra for designer labels, expensive brands or the latest model gadget. Whether it is groceries, appliances, clothing, cars, haircuts, or mobile phones, let others brag about having the most expensive version while you bank your money.
  • Try to make or fix things yourself. Better still, barter with your friends. Do you have skills, tools, or garden produce that are useful to someone else in exchange for something they can do for you?

Related Articles

Liz Koh

Budget Winners and Losers

The latest Government budget had something for everyone but while most households will be a few dollars a week better off, there are some clear winners and losers. In the winners’ corner are businesses, those on high incomes, and savers. The biggest losers are property investors who have built large portfolios financed partly by tax rebates.

Read More »

Top Up or Miss Out

The end of June is an important date for KiwiSaver members. The financial year for KiwiSaver runs from 1 July 2009 to 30 June 2010 and if you have contributed at least $1,040 to KiwiSaver during that time, you will be eligible for the full amount of Government tax credit to be paid into your KiwiSaver account in July.

Read More »

Responsible Investing

There is a worldwide trend for investors to want to make a positive contribution to the world by investing in companies that are socially and environmentally responsible. If you are passionate about the effects of climate change, the scarcity of food and water, and social or environmental policies in general, then you will no doubt wish to ensure that the companies in which you invest are going about their business in a manner that is consistent with your views.

Read More »

Helping You Live your retirement To the Max

Keep in touch

Fill in your details and we’ll get back to you in no time.