Reducing Expenses - Tips

Discussion in 'Wealth Creation & Management' started by Krakked789, Mar 29, 2020.

  1. Ag bullet

    Ag bullet Well-Known Member

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    and myxomatosis. puss around eyes and eyelids fused together in the later stages of the disease.
     
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  2. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Bears, they are known to use rabbits to wipe their azz ;)
     
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Great info. If you don't hear from me then I didn't cook my rabbit stew well enough and they threw me out as a covid19 statistic.
     
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  4. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Perhaps check that there's no ongoing subscriptions that you don't need (Automatic renewals).
    For example:
    ExpressVPN automatically re-bills you unless you've opted out.
    If you paid via PayPal, this might help: :)
    Login to Paypal
    Click on activity
    Scroll down the name list of all the transactions you've made until you come to the company or subscription you want to cancel (In this case ExpressVPN)
    Click on ExpressVPN (A recurring payments details will appear; it's a bill / invoice thingy. :confused:
    Now look to the top left corner, you'll see the word cancel which is underlined; click on it.
    A pop-up box will "Pop-Up :eek: and say: You're about to cancel this recurring payment plan.
    Click the yes box and you'll get a notification that says: This recurring payment plan has been cancelled and cannot be reactivated. No more recurring payments will be made


    PS: You may choose to use the PayPal "Filter" (Automatic Payments) which will make things quicker for your search (maybe):)

    Hooray, you just saved! :D

    As a side note, one of the most challenging companies for recurring payments is Dropbox.
     
    Last edited: Mar 29, 2020
  5. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Tax free pay.(Not a good choice imo, you'd be working for poor wages but it might help some, plus you might get free medical and dental????) I"m not sure"
    Defense Reserves https://reserves.defencejobs.gov.au/jobs?page=1&perPage=21&query=

    *If you are handy at using wood, you might be able to make coffins.
    During the 1918 Spanish flu, coffins were very expensive.

    *Go look for gold, that's if you can travel without getting pinched.

    *Start a YouTube account, if you have an animal that does a trick or looks cute, you might get a few subs???
     
    Last edited: Apr 16, 2020
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  6. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Sell your junk now while people still have a bit of money; convert it to physical silver.
     
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  7. Krakked789

    Krakked789 Well-Known Member

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    Are people still buying second-hand junk?
     
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  8. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Depends, one man's junk is another man's treasure. :D
    Plenty of blokes have trailers, they pay rego on each year but rarely use them, same goes for the tinnie.
    Items like GPS,s or other electronic gear might be worth considering.
    Folk buy old phones, old echo sounders (the ones that record on paper), old binos, old telescopic sites that are busted.;):)
     
  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I had a once a month market store where I sold sterling jewelry and other brickbat. Now putting it on eBay.
     
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  10. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Keep this under your hat, it is sammysilver!
     
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  11. Krakked789

    Krakked789 Well-Known Member

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    I mean with the baloneyvirus lockdown, etc.
     
  12. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Look at moving your Life Insurance into your Superannuation.

    It now costs me half as much for the same level of cover. You can make additional voluntary payments, if you don't want to impact your balance.

    Just look out for the any exclusion periods. I kept my previous cover, for a month, due to 30 day exclusions.
     
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  13. Krakked789

    Krakked789 Well-Known Member

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    Eat in!

    :D
     
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  14. STKR

    STKR Well-Known Member Silver Stacker

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    I use my superfund solely as a life insurance fund. I received a notice the other day saying that due to COVID-19, changes have been made to my insurance policy and I may not be covered. They still charge me, of course.
     
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  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

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  16. Timmy88

    Timmy88 Active Member Silver Stacker

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    Don't be scared to do your own maintenance, especially servicing your car, buy your filters a few at a time from ebay, and your oil from a truck wholesaler like coburg truck parts, way better commercial grade oils in bulk form and much cheaper. If your not sure what your doing, U tube it.

    Property insurance, do you really need it, if so just put building cover only, drop the contents that is where the big premium hikes are.

    Car insurance ditch full comp unless you drive something flash, 3rd party is all you need for a run around.

    Get rid of that flash car, especially if its European, get a Toyota, reliable, cheap parts and easy to work on, most important very good re-sale value.

    Stop every single direct debit coming out of your account, now you can carefully filter each and every dollar.

    If you need to buy something, consider second hand, my second hand mower for $250 I got 3 years ago was $1200 bucks in the shop new, after a oil change, and new set of blades do you think the new one is 5 times better, or my grass know the difference.

    Off the back of previous point if you go second hand always go for the commercial/industrial model, they may look the same, IE minor differences but on the commercial unit parts will be a hell of a lot easier to find for many years to come. That domestic model will be superseded quick smart, not to mentions spare parts where never available as it was built for throw away.

    Shop around in anything and everything you have to buy, from big to small you will freak out at the range or prices, always ask for a better price.

    Timmy
     
  17. madaw1

    madaw1 Well-Known Member

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    Save money on catching herrings once a week and have your own vegetable garden-saving around 2 oz of Au a year...
     
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  18. Jason1

    Jason1 Well-Known Member

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    Thankfully ive been lucky enough to never had any debt or taken any line of credit, personally and in my businesses.
    I own my home outright and never had a loan to do it.
    So on that side I dont have to cut anything. But because of the fact I dont have debt and had to pay with my own money all the time and not being rich, I live conservatively typically with in my means, But still have the perks like others and do like every one have those moments where I buy shit I dont really need lol,
    So Ive just stop buying the shit I dont need, just deleted that from my life again, I can live on the smell of an oily rag with the no debt thing.
    Gone back to doing larger food shopping, rather than the habit we fell into again buying food for the nights meals rather than for a few weeks worth of meals. doing that stopped those impulse shit buys.
    eg going to the shop to buy to get some steaks for dinner and walk out spending $50 on shit food like chips and so lol.
    thats a big saver for us.
     
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  19. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    Drinking, smoking or gambling.:cool:
     
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  20. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Don't claim the tax-free threshold.
    You don't seem to miss it throughout the year, then come tax return time, it is around a $5K bonus - $10K if both you and your partner both do the same.
    Pays for an O/S trip each year for me (us).
     
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