Continuous price hikes spoil holiday cheer: Ways to fight back

We’re in the thick of the festive season. Parties, gift-giving, and holiday planning is well underway for many. Although, you’d be forgiven for keeping the celebrations a little more low-key this year (and you certainly wouldn’t be alone). A new study has revealed more than half of households surveyed (57 per cent) say they will be reducing the amount they typically spend over the festive holiday period, due to significant cost-of-living pressures. The iSelect-commissioned research also found mortgage holders are more likely to be cutting back, with 64 per cent saying they will be reducing the amount they typically spend. No surprises there, especially following 13 interest rate rises between May 2022 and November 2023! But the good news? There are ways Aussies could potentially save extra money which they might not have thought of before. Read on as we explain. Avoid the ‘loyalty tax’  Think about your common household bills and expenses. When was the last time you reviewed your utility or insurance plans? Can’t remember? You could be forking out the ‘loyalty tax’ because you haven’t taken the time to compare options. It’s a common misconception that loyalty is rewarded. This is not always the case! It’s a good idea to avoid the ‘set and forget’ trap. This is especially important when it comes to energy plans as they can generally expire after a year or two and it’s possible you could have been automatically transferred onto a higher priced plan. So, what are you waiting for? Sit down, make a coffee, and… Read More