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Cheaper House and Contents Insurance

Insurance is one of those horrible pains in the neck. You would rather do with out it, but thoughts of fire burning your house down mean you pay up. And I recon we all have a sneaky feeling we’re getting done over! And I thinks that true. So do you really need house and contents insurance. And if you do, how can you get cheaper house and contents insurance. Having just purchased some last week, let me walk you through my thought processes.

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$50 for Every Victorian Household

The Victorian government are giving every Victorian household $50 by registering and using the Victorian Energy Compare Website. You don’t have to change energy retailers, just register your details and bank account and use the tool. It’s effectively a $50 energy rebate for every home, along with the added benefit of checking for a better deal. And if you can do it anytime from now to the 31st of December 2018.

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It’s late and I want to have some fun. So here’s your 12 point plan, a rich mans guide to getting poor.

  1. Don’t budget, just spend what you want and when you want it. Don’t give it a second thought. Go ahead, make that purchase. Who cares if the money is really there. You owe it to yourself!
  2. Put it on credit. Don’t bother seeing all that cash leave your wallet, don’t care if you have the money or not.

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Forget Net Wealth, Think Income Producing Wealth

Net wealth is often bandied about as the primary measure of wealth. It’s the reason to give yourself a big pat on the back if it’s a pretty big number. The problem though is most people’s net worth is tied up in their own housing. Yes, it’s worth something, but that house does nothing for you. It costs you money to own and live in and earns you absolutely nothing.

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Low Cost Holidays

Here’s a few tips for low cost holidays. Holidays are one of those items that can really break the bank. Accommodation is expensive, flights, car rental, activities, eating out, special treats…..it all adds up. Sure they’re fun and we tend to splurge and treat ourselves, but that comes with a cost. A bit of forward thinking may help to minimize the cost without destroying the fun! So here we go, my tips for low cost holidays.

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Should you Buy or Rent?

It’s the age old question. Should you buy or rent? Now, I’m an Aussie and our housing situation is very different from say the US or Europe. But many of these realities are true the world over. So, should you buy or rent? Let me lay down my cards on the table and say I think you should buy, if you can. That’s not always possible. But here’s why I think you should aim to buy and not rent if you are able.

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How To Create a Budget You Can Keep

There’s no point creating a budget that makes no difference to your spending. Like a failed new years resolution you really needn’t have bothered. So here’s a guide on how to create a budget you can keep.

Begin With Motivation

You’ll never keep at anything if you don’t have a driving answer to the question of why? Keeping a budget is a task and tasks are by nature monotonous.

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(updated dec 2017)

Want to get the cheapest mobile phone plan in Australia? We all need a mobile but usually spend way too much on a mobile phone plan with the latest phone on a contract that you can’t get out of, even after the phone breaks! There’s only one way to save on your mobile phone bills and that’s to ditch your latest phone aspirations, jump on ebay and buy last years model at half the price or less (just make sure it’s unlocked).

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Here are a few of my share picks for 2018. Like everyone else I have no idea where the share market is headed in the short term. But these are some of the shares I’m keen on and own. As always this is not advice, just my thoughts. Remember to always do your own research.

Best Growth Shares
ALU

Great circuit board printer that I’ve owned for some time. It’s growing year on year as more and more electronics take over our world.

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The Purpose of Budgets

Budgets are meant to stop excessive spending right? Get you on track. Rein in your spending. Limit extravagance. Well, that’s only half the story. You see budgets have two purposes, not one. Sure, one purpose is to rein in excessive spending. But there’s another side to that coin. The purpose of budgets is also to help you spend. That’s right, budgets are as much about spending as saving. Let me explain.

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