Let’s All Save some $$$$

Discussion in 'Money Management & Banking' started by albanga, 3rd Apr, 2019.

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  1. albanga

    albanga Well-Known Member

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    Alright all, each year I throw an annual let’s save a dollar day. What I do is jump on the phone and call all my expense providers and ask for a discount.
    TBH I’m pretty blunt...it’s goes down the line of “X has offered me a better offer so give me a better rate/discount or I’m leaving”.

    I started with the easy pickings on my home loan and got a .10bps discount which works out to be a nice $40 a month.

    Next I called my private health care provider and whilst they couldn’t give me a monthly discount they waived a month which on my couples PH is $275.

    I planned on calling a few more today but something came up and I didn’t get a chance.
    I’ll get back onto it tomorrow.

    Still that’s a handy $755 annual tax free saving to kick it off.

    I want everyone to do the same and repot back with the results. What worked and what didn’t? And Ofcourse which provider you got the discount from.
     
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  2. MTR

    MTR Material Girl Premium Member

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    Good idea
    As far as Health care provider, I have a better idea, cancel your policy, save a fortune.

    Oz has one of the best public health systems in the world
     
    Last edited: 3rd Apr, 2019
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  3. Speede

    Speede Well-Known Member

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    Great thread
     
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  4. datto

    datto Well-Known Member

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    Cancel your policy and you might get slugged 1% of taxable income re medicare surcharge.
     
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  5. albanga

    albanga Well-Known Member

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    TBH I was going to start a separate thread on this as that is exactly what I was thinking. My wife has unfortunately been unwell for a number of years and private health for her has been worth every cent.
    Me however, in the 8 years I have had it, I have claimed back maybe $300.

    I do want to discuss this though so perhaps I’ll start that thread as to not derail this one. The purpose of this is really just to get everyone on the phone for less than 1 hour whereby I guarantee most of us will save at a minimum $500! I don’t know too many jobs that pay $500 tax free for 1 hours work.

    The two I did today took about 15 minutes.
     
  6. datto

    datto Well-Known Member

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    Live near your work and sell your car. There's a min $5K pa saving there. You'll get healthier by walking to work so you can forget about your gym membership fees.
     
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  7. MTR

    MTR Material Girl Premium Member

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    I have had 3 family members with serious health issues go through public system, they had great care. I am using public system, I wont be pursueded to go private, a waste of money. Lots of scare mongering and it works

    My partner recently had heart surgery, via public health system
    He got to pick the surgeon, make sure your GP has the networks with grear specialists practicing in public arena and piggy back on this
     
  8. Davothegreat

    Davothegreat Well-Known Member

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    This is the reason I pay for private health insurance for my family - the policy is cheaper than the tax surcharge and allows me to get new glasses for free every couple of years.
     
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  9. albanga

    albanga Well-Known Member

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    Mate walking won’t get me a 6 pack! Haha
    I appreciate their are lots of ways to cut things to save a buck. Point of this thread is just paying less for what you have.
     
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  10. hammer

    hammer Well-Known Member

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    He's kinda got a point. I did just that and the savings really add up!

    Getting back on topic. Your strategy really adds up over time @albanga . Say you call your insurance every year and they give you a discount. When you call them the year after you get a discount on the discount.....etc etc.

    It all still goes up of course but at a much lower rate than all the people letting their insurances roll over.

    It compounds over time
     
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  11. MTR

    MTR Material Girl Premium Member

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    Bump
    May be a good time for some tips
     
  12. Mark F

    Mark F Well-Known Member

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    Adjust your walking route to go past the bottle shop.
     
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  13. Robert Petty

    Robert Petty Well-Known Member

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    I have done this a bit perpetually over the last few years.

    I’ve found that phone providers are pretty good along with internet too. And then utilities as well.

    I just say I’ve been offered a better deal, or even, I’m exploring my options ‘what can you do for me?’ and generally I end up saving some decent money. Everything accumulates.
     
  14. Stoffo

    Stoffo Well-Known Member

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    I did the honest thing with my electricity provider, got on the net and searched for the best "deal" out there, then got on their site and did the online chat to no avail, left feedback and waited a week, nothing so I switched :p
    They rang and emailed when they got the notice to change provider form, I now get 22c solar feed in (up from 8c) :D
    Reduced the pool filter hours back to 2hrs a day over winter.
    Phone is down to a $30 pre paid ;)
    Gym, gave them notice, got a 20% ongoing discount (pre covid)
    Always look in the marked down area in the supermarket :cool:
    Put on a jumper when it gets cold instead of the heating o_O
     
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  15. albanga

    albanga Well-Known Member

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    Just got my car insurance renewal and they tried to charge me $1150! So called them and asked what I paid last year they said $850 so had a bit of to and fro and whilst they said they couldn’t match last year I paid $890.

    $260 net is a hell of a lot of money that some people just accept. Blows my mind people still don’t do these exercises at a minimum once a year.
     
  16. mr_alex

    mr_alex Well-Known Member

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    Wouldn't it get harder and harder each year to actually find better offers if you are already on a discount? Or do you normally bluff?

    I went the other way around and called Youi looking to change my car insurance from my current one with comminsure, they said I was on an exceptional plan, they couldn't believe it. And no way they could even match it.