Money Hacks

Discussion in 'Money Management & Banking' started by albanga, 9th Jun, 2016.

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  1. albanga

    albanga Well-Known Member

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    I am sure everyone is familiar with the concept of "life hacks". They are basically little things you can do, usually utilizing something with a purpose for something else (look it up if you are unsure, some are brilliant!)

    Well it got me thinking, whilst these in themselves can save money I was keen to start a thread on ideas or things others do to save money.

    This is not aimed at investing, taxation, structuring.etc because they are ofcourse all major things that require a lot more discussion. This really is more basic stuff that anyone can do.

    I'll kick it off:
    If you have Foxtel. Call and immediately ask to be put through to retentions as you wish to cancel your service. When connected simply explain you now have Netflix which is costing you $10 a month with a lot more content you enjoy. Guaranteed the person will ask what you watch on Foxtel at which time you can say a dumbed down version of what you actually might. The end result will almost always be a reduction on your spend plus free channels for X period. When that period ends call and repeat.
    I save myself $40 a month since doing this and have lost almost no channels.

    I am on my third retentions cycle, the last time I called I think they accepted it wasn't going to stop and made my discount for 12 months.
     
    albanga, 9th Jun, 2016
    #1
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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    @albanga - even better, don't fall into the pay tv trap.
     
    Scott No Mates, 9th Jun, 2016
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  3. markson

    markson Well-Known Member

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    When paying bills a lot of the time there is a surcharge for Amex and even Visa/MasterCard. You can use Aus Post BillPay and select pay via PayPal. You can then link your Amex to PayPal which allows you to collect the points, avoid the surcharge and use borrowed money.
     
    markson, 9th Jun, 2016
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  4. bob shovel

    bob shovel Well-Known Member

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    Just a regular garden variety tight ass!:D it's not even Tuesday!

    If you get a crack in your windscreen get windscreen cover then wait a month or two and claim it. next policy renewal take it off! Stick it to those crooks!!
     
    bob shovel, 9th Jun, 2016
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  5. Mumbai

    Mumbai Well-Known Member

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    This I do and like!
     
    Mumbai, 9th Jun, 2016
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  6. albanga

    albanga Well-Known Member

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    But then how do I spend time on PC if the wife isn't being sidetracked by melbourne housewives.
     
    albanga, 9th Jun, 2016
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  7. albanga

    albanga Well-Known Member

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    Why didn't I recently think of this!
     
    albanga, 9th Jun, 2016
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  8. bob shovel

    bob shovel Well-Known Member

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    It works best if you get it renewal time. They think they've one getting the extra bucks. ..then pow! You ring up playing dum if they cover windscreens ;)
     
    bob shovel, 9th Jun, 2016
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  9. Greyghost

    Greyghost Well-Known Member

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    Or just get the Kodi platform and instal exodus and watch everything for free - streamed. Simple... Netflix pffff
     
    Greyghost, 9th Jun, 2016
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  10. MTR

    MTR Well-Known Member

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    Not sure if I totally got the meaning right....

    ask for discount on your utility bills, have been told you automatically get 10% off

    grocery shopping on line, I save at least $80 pw, it's too easy to get suckered and throw goodies in the trolley you don't need, loving on line shopping

    Pay cash for all items, but ask for the credit card surcharge to be discounted against your purchase, if they say NO, then stuff them use your credit card

    Now the big one is watch out for stamps that have not been marked and reuse, I have possibly saved myself all of $10, my kids crack up at this one, but they have come around, they are also using my stamps.....that's just cheap...
     
    Last edited: 9th Jun, 2016
    MTR, 9th Jun, 2016
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  11. neK

    neK Well-Known Member

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    Money hack: don't spend money on non income producing items with money you don't have.
     
    neK, 9th Jun, 2016
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  12. spludgey

    spludgey Well-Known Member

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    Mr. Money Mustache
    No pay tv, shop for specials, eat seasonally, buy second hand instead of new, see if you really need whatever you want to buy, see if you can get something for free, save electricity, put on a jumper instead the heater, eat at home, etc
     
    spludgey, 9th Jun, 2016
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  13. Angel

    Angel Well-Known Member

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    That is all the normal stuff we do anyway.
     
    Angel, 9th Jun, 2016
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  14. bob shovel

    bob shovel Well-Known Member

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    Use "etc" to save on typing ;)
     
    bob shovel, 9th Jun, 2016
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  15. Scott No Mates

    Scott No Mates Well-Known Member

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    Bob, don't drive through nudist colonies with that 4WD.
     
    Scott No Mates, 9th Jun, 2016
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  16. spludgey

    spludgey Well-Known Member

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    I honestly think it should be, but every now and then when I mention things like that, some people look at me funny and think it's weird that I look after the pennies that much.

    "Who cares? You only live once! "

    Exactly and I don't want to be poor in this one life.
     
    spludgey, 9th Jun, 2016
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  17. hammer

    hammer Well-Known Member

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    My insurance renewal is always more expensive than a new policy. I call them up asking why and always manage to get it reduced.
     
    hammer, 9th Jun, 2016
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  18. bez23

    bez23 Well-Known Member

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    Get work to pay for car and fuel.
     
    bez23, 9th Jun, 2016
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  19. Greyghost

    Greyghost Well-Known Member

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    Jump off a bridge.
     
    Greyghost, 9th Jun, 2016
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  20. Greyghost

    Greyghost Well-Known Member

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    I don't think penny pinching is how you get wealthy. May be initially needed to get your going but having a penny pinching mentality will sometimes keep you poor and focused on the wrong things
     
    Greyghost, 9th Jun, 2016
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