Login
12-Aug
0Likes

Save money – Thrifty

Cash Advance, Cash Loans, Fast Cash Advance, Online Cash Loans, Personal Loans, Quick Cash Loans by

If you can learn how to save money on a low income, you will be able to quickly build up a financial buffer that will help protect you from debt.

Savings are important for everyone. If you can save money on a low income, you will have the security of cash to fall back on in the event of an emergency instead of relying on quick loans to save the day.

You should hopefully be able to pay less for the things you do buy, by making payments in full up-front rather than paying on credit and incurring interest.

1. Haggle and negotiate

The art of haggling is often lost in today’s modern world.

If you can find the confidence to haggle, you may be able to reduce your expenses.

People often find their insurance premiums to be the easiest expenses to negotiate.

Apply for insurance quotes online. Find the lowest quote. Contact other insurers, mentioning the quote that you have received, to see if they can offer a better price.

Many providers of products and services will be happy to undercut their competitors if it means that they will make a sale that they would otherwise lose to someone else. As a buyer, you can use this in your favor.

2. Look after the coins

Look after the coins and the dollars will look after themselves.

When you save money on a low income, the bigger picture can seem bleak. Many people believe that their money is not worth saving unless they are setting aside a significant amount every month.

In fact, saving every spare cion can make a big difference to your bank balance.

Do not wait until you have AUD10 spare. Put every spare coin into your piggy bank, to build savings without cutting costs. Your bank may make this easier for you.

If you are in need of quick cash for personal expenses, apply for a fast payday loan with My Cash Online today.

Tags:


Links

Policies

Loans

Loans

*Disclaimer & Example: For our Small Loans of $2,000 or less, an APR (Annual Percentage Rate) doesn't apply. These loans are fee-based only with a term between 62 and 180 days, and so the APR is 0%. The establishment fee is 20% of the amount borrowed and the monthly fee is 4% of the amount borrowed. Representative example: a loan of $1,000 repaid over 3 months equates to a total amount payable of $1,320 comprised of $1,000 principal (amount borrowed), $200 establishment fee and $120 in monthly fees. The maximum comparison rate on loans between $300 and $2000 is 199.43%.
For our Medium Loans between $2,100 and $5,000, with a term between 2 months and 12 months, the maximum Annual Percentage Rate (APR) is 48% (Comparison rate 65.6597% p.a.) and there is a $400 Establishment Fee. A Medium Loan of $3,000 borrowed over 1 year would equate to a total amount payable of $4,289 (including a $400 establishment fee).

Under the current legislation, most small personal loan providers don’t charge an annual interest rate (you’ll know this as an APR %). The maximum you will be charged is a flat 20% Establishment Fee and a flat 4% Monthly Fee. The maximum comparison rate on loans between $300 and $2000 is 199.43%. This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

© 2023 Owned by Australian Synergy Finance Pty Ltd, ABN 54 613 655 646. Australian Credit Licence 490422. The information on this webpage is general information only and does not take into account your objectives, financial situation or needs.