Dollarwise aims to help you make wise choices with your money. I’m Luke and dollarwise is my baby. I’m just an ordinary guy with a wife and kids, making our way through life in Melbourne. I’ve got a natural frugal streak that hates seeing people pay more for things than they should. This blog is designed to help you make wise choices with your money.
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.
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.
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.
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.
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.
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.
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).
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
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.
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.