Personal Finance Statistics Around the Globe


Learning to manage your personal finances is the cornerstone to living a stress-free and happy life. However, in this era of fast consumption, managing your personal finances is not as easy as it once was. From saving for your retirement, paying off school loans or mortgages, to learning how to save and budget, it can be overwhelming. What are the impact of these factors on individual finances and how do they differ globally?

Debt Around the World

With continuous social, economic and technological advancements, more and more people around the world are falling into debt, causing debt to grow at a rapid pace. Though our disposable incoming is growing, the prices of products are too growing, causing personal debts to increase.

  • The US tops as the country with the highest debt, holding 31% of the world’s global debt. (Visual Capitalist).
  • The ratio of household debt to income in Australia has more than doubled between 1995 and 2015, going from 104% to 212%. (Finder).
  • The average American household has $132,529 worth of debt. (Making Sense of Cents).
  • Personal loans make up 3.1% of Australian household debt. (Finder).
  • ABS data showed that mortgages make up 56.3% of all personal debt in Australia. (ABS).

The Impact of Debt

Studies show that debt is more than about money. It can have serious negative impacts on your life, leading to the breakdown of relationships, family and can lead to serious emotional and psychological issues. Debt can range from student loans, mortgage payments, credit card debt to even phone bills and rent payments.

  • 30% of Americans carry credit card debt month to month.
  • Dr. Gathergood found that 20% of people with high debt stress also report severe anxiety. (The Simple Dollar).
  • 64% of graduate students said their constant concern over debt interferes with their optimal functioning. (The Simple Dollar).
  • The average credit card among Americans increased by 18.5% since 2013. (Federal Reserve Bank of New York).
  • US credit card balances reached $420.22 billion in late 2018. (Nerd Wallet).

Budgeting

Budgeting is an essential tool to having good and stable personal finances. The assurance of always having money for personal needs, including food, bills and emergency situations can lift a great deal of stress off your shoulders. However, whilst budgeting is an essential tool, many people may not afford to budget their income.

  • Only 1 in 3 Americans have a household budget. (Gallup).
  • 20% of Americans do not save any of their annual income at all. (CNBC)
  • Individuals who make less than $75,000 annually are less likely to budget than those who do. (Debt).
  • 2/3 of Americans would struggle to scrounge up $1000 in an emergency. (Invested Wallet).
  • 85% of Australians do not know their monthly spending amount. (Money Mag).

Saving Money

In today’s uncertain economy, it can be hard to know when you may extra money for something. One of the best ways to ensure healthy personal finances is to accumulate savings. Studies also show that the security and comfort of a savings account can lead to increased happiness.

  • The average savings target is $11,234 for an Australian. (Money Smart).
  • 56% of millennials do not have any money saved in their retirement accounts. (PurePoint Financial).
  • The Average American saves less than 5% of their disposable income. (LA Times).
  • ½ of American households currently live pay check to pay check. (invested Wallet).
  • A big factor that stops many Australians from saving is mortgage stress. 45% of households contribute 30% or more of their disposable incomes towards repayments. (Savings).

Struggles of Financial Freedom

Having healthy personal finances is not easy. Often, many individuals find themselves breaking their financial resolution due to having to fork out money for an emergency, lack will power or setting unachievable goals. And without a budget or savings account, this could easily send someone into debt.

  • The average Australian household is only saving 2.4% of their disposable income. (Savings).
  • 41% of individuals who break financial resolutions do so due to unexpected expenses or changes in financial circumstances. (Money Smart).
  • People spend 12-18% more money when using credit cards. (Purpose Generation).
  • 17% of individuals who fail their financial resolutions do so due to setting unachievable goals. (Money Smart).
  • Packing your lunch at work can save you up to $1000 annually. (Purpose Generation).

Financial Literacy

Lack of financial literacy can lead to many individuals to make poor financial decisions, including not knowing how to budget, or save, taking out too many credit cards or loans. These may result in debt and cause detrimental consequences.

  • According to the National Endowment for Financial Education, only 24% of millennials demonstrate basic financial literacy. (Invested Wallet).
  • 64% of Australian adults are financially literate. (CBHS).
  • 54% of millennials expressed worry that they would not be able to pay back student loans. (PwC).
  • In a survey conducted by the National Financial Educators Council, 5.2% reported that they had been turned down from a job due to lack of financial knowledge. (Financial Educators Council).
  • Australia ranks 9th in the world for financial literacy. (CBHS).

Top 25 Sharing Economy Sites

The Sharing Economy has opened a worldwide of opportunities for individuals to make an extra income. No longer are the days of working 9-5 at a job you don’t like, with the Sharing Economy, there is the freedom of being self-employed, and working your own hours. Bonus benefits include having easier access to resources, supporting your local community and the greatest benefit of all, being able to make money with little to no effort at all

Spacer

Spacer is an online marketplace connecting people who are looking for storage space with those who have extra storage space at home. Benefiting both parties, if you have a storage space not in use, or are in need of a storage space, what are you waiting for?

Parkhound

Like Spacer, Parkhound is all about utilising resources you already have. Parkhound connects people with spare parking spaces to those who need a parking space. For those who need a parking space closer to work or the city, this is great for you. And for those who have an unused garage, this could be a great way to make some money.

The Volte

The Volte is an online platform that allows individuals to rent out their dresses and clothes. Able to set your own prices and choose your renters, The Volte is a great way to make an extra income. You can also hire out some beautiful dresses for your next party for half the price.

Mad Paws

If you love Pets, this is perfect for you. Mad Paws helps owners to find trusted pet sitters in their local community for when they’re away or on holiday, giving owners a peace of mind. For those who love pets, you can sign up and take care of someone else’s pet whilst earning some money.

Uber

The infamous Sharing Economy business, Uber has changed the way we travel. Make some extra money by becoming an uber driver or need to get somewhere in the speed of light, use Uber.

Blys

Blys is a growing on-demand wellness platform that provides spa-quality mobile massaging services, with qualified therapists, to your doorstep. Blys has made wellness easier than ever, offering booking services on their website or app for a same-day service. No longer do you have to book a massage two weeks in advance, Blys can now accommodate for your immediate massage needs.

Shebah

Similar to Uber, Shebah is a rideshare service. What makes Uber and Shebah different is that Shebah is an all-female rideshare service. The aim is to give women and children the ability to travel safely. Interested in becoming involved? Sign up to be a Shebah driver now!

Airbnb

Equally as well-known in the Sharing Economy industry, Airbnb is all about renting out your home to others. Not only are you able to set your own rules and prices, it also provides travellers or tourists with the opportunity to experience unique accommodation options.

Camplify

For those months you don’t use your caravan or RV all year round, why not rent it out? Camplify is an online marketplace where individuals can rent out their caravans and RV’s to others at an affordable price. This is a great way to make some extra income, but also provides individuals with an affordable opportunity of a caravan experience.

Airtasker

Airtasker is a great online marketplace that allows individuals to advertise jobs and tasks they need completed to local services. Whether you have exceptional skills in building furniture, organising wardrobe spaces or gardening, you can make a great income by helping people with your skills.

Toolmates Hire

Do you have tools or machinery lying around that you rarely use? Toolmates hire is a peer-to-peer tool hiring and renting platform that is all about utilising existing resources in your community. You can rent out unused tools to your local community and earn some money at the same time.

Uber Eats

Uber Eats is one of Australia’s largest online food ordering and delivery service. Order your favourite food with a few clicks on your phone and have it delivered to your door. Uber Eats has made eating out easier than ever.

Deliveroo

Similar to Uber Eats, Deliveroo is also a food ordering and delivery service. Without over 8,500 restaurants on their network, ordering food to your home or work has never been made easier.

Etsy

Etsy is the global marketplace for unique and creative goods. For those who have special talents in creating extraordinary and unique products, Etsy’s online community is perfect for you. With a wide range of different products, Etsy is a place that helps their community turn their ideas into successful businesses.

eBay

eBay is an online marketplace that facilitates consumer to consumer and business to consumer sales. Through eBay, you can shop, sell and give almost everything. For many of us, we have items that we have no use for anymore or have only used once. Why not make some extra money by seeling these items on eBay?

Gumtree

Gumtree connects buyers and sellers in their local community, listing hundreds of categories for purchase and selling. You can find just about anything on Gumtree, including car parts, furniture, baby equipment, kitchen utensils and garden accessories.

Zoom2u

Zoom2u is an Australian delivery platform that connects individuals with a community of couriers across the local community. With live tracking technology and extensive customer support, Zoom2u can deliver almost anything to you in your needed time frame.

DesignCrowd

DesignCrowd is an online creative marketplace that helps start-ups, businesses and entrepreneurs connect with a global network of designers. If you are in need of custom graphics, a new logo or any web or print design, DesignCrowd is your go-to place. And for those skilled in graphic design or writing, this could be a great side hustle for you.

FoodByUS

FoodByUs is an online marketplace for buyers, such as cafes, restaurants, hotels and other food service businesses to place orders directly with local food service suppliers. Offering a one stop shop system, FoodByUs provides services for buyers to buy the best of the best produce. And for suppliers, FoodByUs provides a unique opportunity to showcase their produce to different buyers.

Freelancer

Freelancer is a freelancing and crowdsourcing marketplace that connects employers and freelancers globally over 200 countries. This marketplace allows employers to hire freelancer to do work in areas such as software development, writing, data entry and design throughout multiple industries. Have extra time on your hands? Freelancer may be the perfect way to make some money on the side.

Poshmark

Poshmark is an online fashion community where individuals can buy, shell and share their personal style online. With over two million stylists and millions of shoppers, you are sure to find something you love on this site. On the flip side, you can also sell you beloved clothing items to a large online fashion community.

Depop

Likewise, to Poshmark, Depop is an online fashion marketplace where individuals can buy and sell clothing items. From sneakers, to old t-shirts and jeans and vintage fashion pieces, the best feature about this marketplace is the ability to swap and share your style items. Make some extra income now by starting a depop account and selling your clothes.

Vestiaire Collective

Vestiaire Collective’s aim is to encourage consumers to consider resale of high-end designer goods as a smart and sustainable approach to fashion. The idea is for individuals to sell their unwanted designer items to an online community. In return individuals are encouraged to buy other designer items through the marketplace.

Bellhops

Bellhops is an innovative moving company that have created a technology-based business model that has made moving easier than ever before. From local moving, to long-distance moving, Bellhops have initiatives in place to ensure that all goods you are moving are protected when travelling.

Harmoney

Harmoney is a marketplace lending platform. Their personal loan marketplace matches individuals who want to borrow with those want to fund that loan. This advanced model allows investors to lend money to borrowers without the need for a third party, ensuring that the parties on each side both benefits.

Top 6 Benefits of Using the Sharing Economy to Make Extra Income

Defined as an economic model fuelled by the activity of providing, sharing and acquiring access to goods and services facilitated by the community, the Sharing Economy has had a significant impact on our economy and society. As a continuous growing phenomenon in our society, many are turning to the Sharing Economy to make extra income, but what exactly are the benefits of utilising the Sharing Economy to make some extra bucks?

Increasing Self-Employment Opportunities

Becoming self-employed is a risk that can pay in many great ways. With the help of the Sharing Economy, more and more people are choosing to turn down this route due to the many benefits self-employment offers. One of the greatest benefits of self-employment is being able to take control and make all business decisions. As a self-employed individual, you have the freedom to make decisions that are going to benefit you and your future. Following this, any results and awards you reap are the direct result of your hard work. Being self-employed allows you to turn your passions and hobbies into a job, meaning you will never hate your job or work everyday wishing it was 5pm already. Whilst being self-employed has its cons, the pros of self-employment are pretty good.

Supporting Local Communities

Using the Sharing Economy to make some extra cash income often involves supporting your local community. Businesses such as Parkhound and Spacer are local businesses aiming to provide local communities around the world with spacing needs and wants. These businesses enable the use of already existing resources and simultaneously building community relationships. An important aspect of the Sharing Economy is building trust amongst community members. Thus, the ability of being able to access your needs through your local community instils a sense of trust amongst your community.

Workforce Flexibility

Working in the Sharing Economy means you don’t have to work your usual 9-5 hours. Rather than being contracted to set hours, you can set your own schedules and start as early or late as you want. This is a great benefit for those juggling multiple jobs or have extremely busy lifestyles. Balancing home life, family, friends and work can often be a huge stress on many but working in the Sharing Economy can relieve that stress. For example, through platforms like Mad Paws, you can pet sit a pet in your neighbourhood in your own home. This means you can earn money from home, while spending time with your family.

Easier Access to Resources

Many businesses within the Sharing Economy offer resources many individuals need that many businesses and companies cannot offer. For Example, Spacer is an online marketplace that allows you to rent your unused garage, car and storage space. For those wanting to avoid peak hour traffic or the difficulty of being unable to find a car space, this is the perfect service for you. The beauty of the Sharing Economy is the creativity of businesses in providing access to resources that many individuals needed but couldn’t find.

Higher Savings with the Same Lifestyle

The Sharing Economy has provided the means for many to have their desired lifestyle without burning through their life savings. This is a great opportunity for those wanting to live out their extravagant dreams without spending too much cash. Businesses such as The Volte are a great example. A platform that enables you to rent designer clothes for a fraction of the price, it has proven to be efficient for those needing formal wear but without the price tag. On the flip side, The Volte enables you to rent out your clothes, allowing you to make some money on the side with little to no effort.

Making Money with No Effort

What may be the greatest benefit of making money through the Sharing Economy is the ability for many to make an extra income with little to no effort. The idea of the Sharing Economy is to share resources with those around you. The need to buy new items has decreased, as being frugal and sharing has become a greater priority. From renting your dress online, renting out your car space or storage space, to pet sitting and building furniture, making a second income through the Sharing Economy has never been easier.

The Sharing Economy continues to grow, as more and more creative businesses are established to supply resources for individual needs and wants. This economic phenomenon is a great way to earn extra income as it provides greater flexibility, greater choices in work and entails little to no effort.

How to Avoid Invoicing Fees

If you’ve ever noticed when using an online payment platform like PayPal that you’re often losing a few cents or even a few dollars off your invoices, then you’re not alone. A large majority of Australian and global payment platforms skim a few percentage points off our invoices in the form of invoicing fees. 

These fees aren’t a big problem if you only use PayPal or a payment platform once or twice a year for online shopping on eBay, but, if your business relies on PayPal payments you could be losing hundreds or even thousands of dollars a year.  

In this article, we’ll take a look at a few popular payment platforms and how to avoid their invoicing fees. 

Opt For Domestic Bank Transfers

For businesses or everyday Aussies using invoicing software, it’s best to make use of their bank transfers option before their built-in invoicing platforms. You’ll find that on services like QuickBooks Online there are no-fee options when using bank transfers and thanks to recent bank process changes, like Osko, bank transfers can be fulfilled just as quickly as payment platforms. 

Credit cards, however, will always have different rules. Accepting credit card payments incur a small fee, so the free bank transfer option is a way to motivate customers and clients to use the free option rather than lose up to 2.9% on credit card fees. 

Wire Transfers for International Clients

When there are international invoices brought into the equation, it might be better to consider wire transfers. For transfers to and from Australia, there are different fee structures. However, wire transfers are often faster and don’t have any invoicing fees, which is perfect for larger invoices. 

You can expect wire transfers to cost around $30 to $50, which isn’t so bad considering a $1,000 invoice through PayPal could see almost $30 wiped off for a service that has more steps and could be a lot slower.

There is one more thing to keep in mind though, and it’s that clients will be the ones who need to fit the bill for a wire transfer, so they may either ask you to cut $30 off your invoice. A small few banks and financial service businesses do however offer free wire transfers to Australia, which works out as a win-win for everyone involved. 

Consider Being Paid Less Often

A quick workaround for avoiding invoicing fees is just to be paid less. If you primarily use PayPal for all of your invoicing, then it’s a good idea to ask your clients to pay you less frequently. 

This is down to the fact that PayPal charges more than just a percentage fee, but also dollar fees for every transaction. Each time you have an invoice paid, PayPal absorbs 2.6% along with a $0.30 fee.

We recommend that you request to have invoices paid less often and at a maximum of once a week – or just send them out less often.

Create & Send Invoices Yourself

One of the easiest ways to bypass all types of fees or even an invoicing service altogether is by simply drafting your own invoices and sending them yourself via email to your clients. Both Numbers on macOS and Excel on Windows have invoice templates which make drafting up invoices super simple. Fill out your details, add each service item and price with the total and save it as a PDF and send it off. 

It’s a good idea to save your customised invoice template so that it’s easy to go back and make changes or create a new one each month. Also, remember not to forget to add your bank’s BSB and Account number or your clients will have nowhere to pay the invoice to. 

Find a No-fee Platform

Finally, if you’re lucky enough to have customers, clients or contractors who are happy to use no-fee platforms for invoicing, then you’ll be able to avoid invoicing frees altogether. Take a look at invoicing and accounting web apps like Wave where you’ll find that, unless you need credit card processing, the entire program is completely free. 

Many of these platforms give you the ability to send invoices, receive them and pay all in one without seeing any dollar percentage, no matter how small, being removed from your final payment amount. Wave touts their ‘No set-up fees, no hidden charges, no monthly fee’ service for small businesses so you can be sure you’re not going to be hit by any sort of fees on their platform. 

Ways to Make Money Online in Australia 

If you’re looking for a way to make some extra money online to grow your emergency savings account or to help pay off some of that frustrating debt, then we have some great tips for you. Australia is so fortunate when it comes to making money online and earning a few dollars here and there for seemingly mindless tasks. 

Whether you have a degree, experience in a certain industry or are just starting out, there are so many opportunities awaiting on the web! Let’s take a look over a few of them below. 

Sell Items on Gumtree, eBay or Facebook Marketplace

We’ll start off with the most obvious way to make money online and that’s by selling some of the stuff you don’t often use. Take a look at the leading online marketplaces for some ideas and you’ll likely find there are so many things in your home that you could sell for a little extra cash. 

Don’t forget to check spare draws for old phones or electronics because even though they might be older models, they could still hold plenty of value for refurbishment and recycle businesses.

Work Freelance a Few Days a Month

For those with a degree or a role in a 9 to 5 in a job that can be scaled to being online, then consider working a few days freelance. Even if it’s just one or two weekends a month, you could be earning a few hundred dollars or more. On top of that, if you do have plenty of experience and a degree you might become an ongoing freelancer or part-time remote worker for a company. 

Check out fiverr.com, freelancer.com and upwork.com if you’re looking for a great platform to start. 

Sell Your Content or Media 

This tip is for those who have a great hobby interest in film, photography, writing or graphic design. If you can create a piece of content that is of quality, you’ll be able to sell it through online platforms such as 99designs.com or on your own website. 

Our tip here is to make sure the content is versatile and on trend with what businesses are looking for. This way you’re more likely to have your content chosen and purchased by brands. 

Take Surveys and Offer Opinions

There’s a good chance you’ve seen advertising online and even on TV for online surveys that pay real money for your opinions on products, services and brand image. Take a look online and you’ll find a whole array of survey companies looking for opinions on products and also for consumers to test them. You’ll be paid for this and if you’re part of a key demographic you might find that more surveys are available to you.

Offer Tutoring Services

If you’re adept in any topic then there’s a good chance that you’ll be able to find work online as a tutor. It might be worth brushing up on a few basics just in case, so be sure that you know all the fundamentals before you move on to tutoring. If you work in science, marketing, IT or another specialist service then you will likely have a large market of people looking for tutoring. 

Consider starting on websites like tutor.com and building out your experience in tutoring from there. 

Consider a Drop-shipping Website

In short, a drop-shipping website takes products from affordable wholesalers and sells them for a profit. These types of websites can often turn a great profit if managed and marketed correctly and of course, you’ll not have to deal with packaging and sending the products yourself, it’s all done by the wholesaler. Just be sure to design your store in a way that stands out and offers something different from the competition. Whether that’s amazing customer service, freebies or anything else it’s always a good idea to have a unique selling point.

Take a look at au.oberlo.com for a comprehensive list of all the products you’re able to link and sell on your website.   

Sell Your Handmade Products

If you love to tinker or make things in your spare time, then consider selling your works online through websites like Etsy. This is a perfect solution to make a side income from a hobby which will mean you can relax and create after work, but also be paid for it! Websites like Etsy are fantastic for anyone who creates easy-to-post products like artwork, tie-dye shirts and more. 

10 Money Saving Tips for Young Australians 

We all know how hard it can be to save money when there are so many bills to pay. It’s not realistic to completely cut off going out with friends just to save money either. Luckily, however, there are a few super simple things you can do that will save you money without changing too much at all, and they involve staying informed about what you spend. 

Steer Clear of On-brand Groceries

Our parents have always told us that ‘we’re only paying for the brand’ when you purchase more expensive groceries from the store, and they’re not wrong. There are so many more affordable choices when it comes to groceries if you just switch to home-brand and generic produce. You might even be able to cut your grocery bill in half if you stick to essentials only. 

Spot Bad Habits and Stop Them

We all have one bad spending habit that we wish we could just stop and now’s the time to shape up. Take a look at your bank statement and find a non-essential that you spend the most money on and look for a way to stop it. 

You might splurge up to $10 on coffee every day and a quick fix to this is just make one at home in a takeaway cup. Eating out for lunch too often will hit your saving balance pretty hard too, so consider making your lunch at home. 

Always Look for Discounts

With so many saving platforms online like Honey, Extras, Groupon and more it’s best to hold off purchasing anything unless you can get a deal on it – unless it’s important. You could save up to 80% off some purchases and even get freebies which will keep your money where it feels most at home, in your savings account.

Learn to Capsule Dress

If you’ve found that shopping for clothes is your weak point, then consider learning to capsule dress. This is basically having just a select few outfits that all work seamlessly together, so you’re able to mix and match without buying new clothes each time you go shopping. It might also pay off to try your hand at op-shopping too, you never know what you could find. 

Cut Back on Electricity

There’s a good chance you’re fed up with Australia’s insane power prices, and for good reason. We have some of the highest electricity bills in the world and that means you should always be turning off appliances you’re not using. Cut back on using the clothes dryer, try the fan before the air conditioning and set the fridge temperature to around 4ºC. 

You could also invest in electricity trackers to monitor just how much power certain appliances in your home are using.

Don’t Feel Peer Pressured

There’s one time we all lose track of our saving goals and it’s when we meet up with friends. When it’s time to go out for a coffee or a snack, just stick to the coffee and the snack! There’s no need to splurge or buy clothes, more food or something else each time you go out. If you’re extra peckish, take a snack from home to eat before you arrive.  

Buy a Water Bottle

Something we can all agree on is that the price of water is far too high. When you’re out and about, you should have a water bottle from home. This way you’re not inclined to spend $5 on a vending machine bottle in the city. 

Change Phone Plans

With smartphone prices surpassing $2,000 this year, it’s time to look at where you can save. Try a refurbished model, look for a subsided plan or even hold on to your existing phone until you really need an upgrade. 

Take Advantage of Public Transport 

If you’re heading out to see a friend or going somewhere that you don’t need to be urgently, then take the train, tram or bus. It’ll save you on fuel, parking and the risk of a ding in the car park. You might even be able to consider selling your car or not buying one in the first place if you get a good hold of public transport. 

Shop Online

Giving up shopping for clothes and other non-essentials might be unrealistic, but if you must, then consider shopping online instead. It’s effortless to browse through hundreds of stores to find a deal and you’re more likely to save a few dollars. The same goes with grocery shopping, you can peruse all items in an aisle and find the cheapest at a glance, rather than running up and down the supermarket. 

7 Ways to Invest in Yourself

Empowering yourself and investing your own personal and professional development is surprisingly more difficult than it seems. Most people find it hard to spend time on their own growth and to invest in themselves because of the perception of it being selfish. 

However, there are some pretty major outcomes that will arise if you invest in yourself and these could include handling stress better, increased motivation, higher earnings and so much more. 

Let’s take a look below at seven great ways to invest in yourself.

Make Learning a Priority

It should be a priority for all of us to make sure we continue learning every single day. If you have some free time or feel like you don’t have a whole lot to do, hop online and learn about a topic or teach yourself the basics of a new skill. It’ll pay off in the long term by providing you some additional strengths that you can use in business or in everyday life. 

Learning is especially important if you’re in business. As technologies change and society makes ethical moves it’s important to know how the changes will affect the industry in which you work as well as how to take advantage of these changes. 

Invest in Stocks and Savings

From the first day you begin working, you should look to make your income start working for you. Move money into high-interest savings accounts or long-term accounts, invest in stocks and keep a close eye on how fast your savings are growing. Ideally, you should work to grow your savings account by 20 per cent of your income every month whilst also investing in stocks and other businesses.

It would also be a good idea to make use of smartphone applications that invest and save money for you automatically. These will take the hard work out of moving cash around. Look for apps that round up purchases and save the leftovers on their own.

Read Blogs and Watch Videos

One way we should all invest in ourselves is by listening and learning about what others are doing, but not comparing ourselves to them. There are hundreds of millions of people online sharing their opinions, guides and even their daily lives with us and there’s a good chance they have very similar goals and aspirations to you. 

Invest some of your time watching business-focused and motivational YouTube videos and read blogs that are directed toward you. You’ll learn from other people’s failures and might even understand a new way of thinking. 

You Must Stop Once in a While

The daily grind doesn’t stop, we all can agree with that, but that doesn’t mean you can’t take a break to truly be lazy and do nothing once in a while. It’s really a biological need that we have as humans, and with that said, factor in at least one full day a fortnight where you’re able to be completely lazy. 

Take a moment to finalise work projects and just switch off. Make a fort in your living room and watch Netflix inside of it, lie on the floor and scroll through your smartphone for half the day, go on a hike with the family and basically do anything you want. It’s so important to relax and switch off now and then and it helps us to reset. 

Take a Hobby and Monetise It

If you’re lucky enough to have a hobby that you love and it revolves around some sort of service or product, then work to monetise it. You’ll be able to make some money on the side whilst also doing something that you love to do. This works wonders if you’re looking for some extra cash on the side but also some downtime too as you’ll be relaxing while you’re working on your hobby but also being paid for it! 

Take Total Control of Your Finances

There’s no better way to invest in yourself than striving for complete and utter financial control and freedom. Whether you’re a business owner or not, understanding what you have to spend and what you should save is essential. You want to continue to stay in the green and also be able to do what you want in your daily life and there’s no easier or simpler way to do this than controlling your finances. 

Determine your daily expenses and what can be cut back and also consider reworking your spending habits so you can redirect some cash into a savings or holiday account. Whenever you plan on buying a non-essential, use sites like extras.com.au to find a discount wherever you can. Do you really want that daily $6 coffee to cut into a flight to an exotic destination? 

Find a Business or Life Coach

If you find that investing in yourself is a little too difficult or if you’re not too sure where to start, then consider seeing a business coach or a life coach. They’re here to help you with just about everything from business to income and general advice to make sure your goals come true. 

Don’t be stuck thinking you’re in this all on your own, because you really aren’t. Great things can come from working as a team as you’ll soon see.

Top 10 Money Saving Apps in Australia

If you’ve ever wondered if there was a way to save money on everyday essentials, bank fees, movie tickets or just about anything else, we might have the perfect list for you. Gone are the days of relying on docket cut outs, moving money into savings accounts manually and scouring the grocery specials. Because, as Apple would say, there’s an app for that.

Let’s take a look below at our top 10 money saving apps for Australians. 

StoCard

We’ll start off with an app that saves because of convenience. We all have that one friend who seems to always get free coffees, bagels and other snacks because they swipe their loyalty card every single time they buy something at their local cafe. 

This is where StoCard comes in. It’s always on your phone with your digital credit cards so you’ll be more inclined to use it to save money. To set up, all you’ll need to do is scan each store card and StoCard will save the barcode for you to use at each store. 

ShopBack

Another fantastic money saving app for Australians is ShopBack. The app works by offering cash back on purchases in stores from ASOS to Woolworths so you’re able to build up your in-app cash and repurpose it for more purchases. How does up to 7% off groceries or at Myer sound?

Your Bank’s App

Take a look into your bank’s mobile app and there’s a good chance that it has some sort of recently-added saving or budgeting feature enabled. These are fantastic to keep track of expenses in a visual way that is easy to understand and follow. ANZ’s Spendi, for example, allows you to lock a certain amount you’d like to spend each week and reminds you to stay below it. 

WISR

Not your general money saving app, but rather a clever automated assistant for your finances. The WISR app connects to your bank and automatically rounds off all of your expenses to the nearest dollar, depositing the change into a savings or investment account. Each time you buy a pressed juice for $4.50, the remaining $0.50 lands in your savings. 

SplitWise 

This app is a must if you live with family or friends and have shared expenses. SplitWise works by showing what is owed to you, what you owe others and gives you plenty of insight into your finances so you know exactly where money is coming from and where it’s going. In the end, you have more power to create a budget and save over time. 

Fuel Map

If the drive to work, university or anywhere else is eating into your savings because of high fuel prices, then the Fuel Map app is here to help. The continually updated app keeps you in touch with all of the cheapest service stations so you’ll never be stuck accidentally paying the highest price for fuel again. 

Groupon

For anyone who loves events, activities and saving money then Groupon is going to be a lifesaver. The app works to bring all of the latest local deals, promotions and events into one place. Similar to extras.com.au the app will make going to a live event, buying food, visiting the cinema or just about anything else as cheap as possible. 

The ATO App

If you’re looking to save or track expenses and deductions as well as get a hold on your tax return and more, then definitely download the ATO app. It’s a fantastic tool for just about everything related to tax, plus being on mobile means everything’s manageable on the go. 

Pocketbook

When easy-to-use budgeting applications come into play, Pocketbook takes the cake. The app is designed in a visual way which means everything is front and centre, colour coded and displayed in graphs and charts. If you’ve spent too much, have some leftover change or a bill coming up, you’ll know right away on Pocketbook. 

Wallet 

Last up on our list comes Wallet. One of the most well-rounded, powerful money management and saving apps on the App Store. The app does cost $4.29 a month, but it provides complete control of all your finances with links to banks and more. If you want to save money, cut back on certain expenses or find those pesky recurring subscriptions, you’ll be able to do it with the Wallet app. 

5 Ways to Sell Textbooks in Australia

When you consider just how much money you’ve spent on all of your university textbooks, it’s only right that you get some of that back. Luckily, there are a few options when it comes to selling your textbooks. 

Whether you sell them to a friend, back to the university or to an online platform you’ll be sure that you’re recouping at least some of the cost. It might be a good idea to check websites like extras.com.au to find out whether there’s a deal or discount code for textbooks before you buy them at full price.

In Australia, students and graduates have a few places they can sell their unused or old textbooks, most of which are easy to use and online. We’ll take a look over five of the different ways you can sell your texts books in Australia below and a few tips to get back the most. 

Sell Through StudentVIP

First up is the Australia-wide student website, StudentZIP. Selling your textbooks here is made easy by the super simple five-step process. All you really need to sell your textbooks is an account on StudentVIP, a listing and to choose who you’d rather sell to; students on campus, students in your city or students across the country. 

Once you’ve listed your textbooks you’ll be buzzed when someone takes an interest and you’ll be able to agree on a time and place to make the swap for your textbooks. Whether it’s on campus, in a coffee shop or anywhere else, the whole process is really easy.  

Co-op’s Buyback and Exchange

Unlike selling to other students on StudentVIP, Co-op buys textbooks directly from Aussie students and lists them for sale in their database. This makes things a whole lot easier as you’ll have an assured buyer – so long as they don’t have too many titles already. 

All you’ll need to do is head over to Co-op’s seller page and enter in your textbook’s ISBN. The page will tell you right away whether Co-op is taking your title and how much you’ll be offered. If you agree to their purchase or buyback price the next step is just to take your textbook to their store and you’ll be given a gift card. This way you’ll be saving on your next set of books. 

Gumtree or eBay

One website that many students forget to take a look at is Gumtree and eBay. When it comes to selling textbooks, both of these websites are going to be your saviour as they will list your titles on Google as well as in ads so you don’t have to do any of the hard marketing work. Just list your titles with a few clear images and wait for a buyer to message you. 

Most buyers will need you to send your textbooks across the country or the city, so be sure to factor in shipping costs. If you’re not too sure of the shipping fees, you can check on Australia Post for box sizes, weights and express prices to give you an idea. 

Bookon Marketplace

Another fantastic way for Australians to sell their textbooks is on Bookon’s easy to use marketplace. All you need to do to sell your books on the Bookon marketplace is to choose the Sell Books tab in the main menu and list your textbook’s title and ISBN number. You’ll be able to list your textbook on the Display Shelf immediately. 

When someone takes an interest in your book or buys it, you’ll have to give up 7% of the sales price to Bookon, however, it’s a small price to pay for such an easy selling process. This platform works similar to StudentVIP in that you’ll have to ship off your books to buyers interstate, so be sure to know your shipping fees ahead of time. 

Head to Your Local Bookstore

If you’re less into the idea of listing your books online and having to ship them out to buyers, then heading down to your local bookstore is the next best thing. You’re able to just hand over your textbooks for some quick cash or a gift card and be done with the whole process. 

Something to keep in mind when selling to a local bookstore is that there may be a lower final price for your books considering they need to be sold for less their online counterparts.