How to protect your identity from identity theft

How To Protect Yourself From Online Fraud This Christmas

The Christmas holiday period is the biggest retail shopping event of the year. As a result, fraudsters try to sneakily scam us all of our hard earned cash over this period. Here’s 5 ways you can protect yourself from online fraud this Christmas.   Only shop online using secure HTTP (HTTPS) Hyper Text Transfer Protocol […]

Continue reading
Can salary packaging be used to get out of the Medicare Levy Surcharge?

Can I use salary packaging to avoid the Medicare Levy Surcharge?

In early June, my beloved and I received letters from the Australian Government outlining that as we were now 31 we would be subject to the Medicare Levy Surcharge (MLS) and Lifetime Health Cover (LHC) from 1 July this year. This notification has two potential implications for us.   Firstly, if our combined MLS assessable […]

Continue reading
salary packaging to make your wealth grow

What’s the deal with salary packaging?

What is salary packaging? Salary packaging, also known as salary sacrificing, is an arrangement between an employee and employer whereby certain items are paid for out of an employees pre-tax salary.Typical items include superannuation, cars, computers, electricity, etc.   Salary packaging acts as an extra incentive for employee attraction and retention. Essentially, it’s a little […]

Continue reading
How to negotiate a better deal using the principles of negotiation

Good negotiation skills are a key tool for your wealth maximisation toolbox

Recently, I wrote about how I negotiated a competitive discount with my electricity supplier. In this post, I spoke about how research, preparation and a little bit of courage are paramount to negotiating a good deal. Consequently, I thought I would elaborate further by sharing my thoughts on how to negotiate a better deal by […]

Continue reading
The unexpected benefits of being frugal

The Unexpected Benefits Of Being Frugal

As I recently mentioned in my Meet Spendy McSpender post, I’ve been on my frugal adventures for a year now. Throughout that year I’ve made a lot of frugal changes to our lives which have helped us cut our expenses and debt, as well as increase our savings.   These improvements to our personal finances were the […]

Continue reading
The Flawed Consumer brings you the Switch Off series, post 1 - how to save money on coffee

Switch Off: 1. Coffee + Convenience = Stupidity

Switch Off is a new regular series that focuses on how switching off from the ploys of corporate marketing can save you money. Each month, we’ll post an article that explores marketing concepts and the genius ways in which corporations use clever marketing tactics to make you spend money on products and services you don’t […]

Continue reading
Are you a mindless sheep or a flawed consumer?

Are You A Mindless Sheep?

Most of you have probably heard of the Follower, Leader and Loner analogy about personality types. According to the analogy, most people in the world can either be defined as a follower, a leader or a loner.   If you’re a follower, you tend to prefer to be led by others and just go about […]

Continue reading
ugal living money management

Beware! The Lifestyle Creep May Be Stalking You

Are you earning more income, but not saving any more of it? Have possessions, foods and entertainment that were once luxuries become necessities? Beware!… The Lifestyle Creep may be stalking you.   Lifestyle Creep is defined by Investopedia as “a situation where people’s lifestyle or standard of living improves as their discretionary income rises either […]

Continue reading
Acorns AU investment portfolios

Acorns AU: Investing made easy (Part 2)

Editor’s note: Acorns AU is now known as Raiz. Any references to Acorns AU throughout this article refer to Raiz.   In my first post about Acorns AU, I outlined how easy it is to start investing with just $5. Additionally, I touched on Acorns AU portfolio options and its round-ups feature.   Today, I’m […]

Continue reading
Acorns AU investing made easy

Acorns AU: Investing made easy (Part 1)

Editor’s note: Acorns AU is now known as Raiz. Any references to Acorns AU throughout this article refer to Raiz.   Ever thought about investing but haven’t had the know how or spare cash lying around? Looked into the stock market only to find that you need $500-$1000 to open an account? Well, look no further, […]

Continue reading