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10 small changes that can bring big rewards in 2020


Can giving up the little things you spend money on really make a difference to your financial position?  According to financial commentator David Bach’s theory, The Latte Factor, those small, seemingly innocuous purchases for things like coffee, magazines, bottled water and fast food really do add up.

Below we share some examples of small things that you can do today that might just make the difference between just getting by and steaming forward financially. Pick out one or two that appeal to you, make them a new year’s resolution and enjoy seeing your bank balance increase in 2020!

BYO lunch

You may think it’s more convenient to buy your lunch each day, but there is nothing faster than cooking a little extra for dinner the night before and putting the leftovers in a takeaway container for tomorrow’s lunch.  Your waistline will probably thank you too!

Saving: $12 per serve, 5 days per week = $3,210 per year

Swap the caffeine

A coffee en route to work and another one to keep you going through the afternoon is a ritual for many. But have you ever considered whether you’re actually getting value from your cup or joe, or is it simply a habit? Consider using the office coffee machine or switching to tea.

Saving: $4.50 per cup, 7 days per week = $1,638 per year

Dine smarter

Dining out is one of life’s pleasures so we’re not suggesting you stop. However there are many ways you can do it smarter.  Go cheap and cheerful, swap dinner for brunch, hunt out deals, or skip the entree or dessert.

Saving: $15 per dessert, once a week = $780 per year

Cancel the take out

There are some evenings when you just don’t want to cook.  But if you cook extra portions and pop them in the freezer, you’ll have a quick meal and be less tempted to dial for take out.

Saving: $25 per meal, once a week = $1,300

Alternate your drinks

When you’re out having a few drinks, have a water in between each alcoholic beverage. It will slow your drinking down so you’ll spend less.  You’ll feel better the next day too!

Saving: $10 per drink, once a week = $520 per year

Ditch the dry cleaner

Why not iron a week’s worth of shirts while you’re watching your favourite TV programme? It won’t even feel like a chore.

Saving: $20 per week = $1,040 per year

Hit the pavement

If you live near a public transport zone boundary, consider getting off the bus or train one stop earlier and walking. Not only can it save you a little bit of money, but the walk will do you good as well.

Saving: $1.20 each way, 5 days per week = $624 per year

DIY manicure

There are so many great products on the market that will give you a professional-looking manicure at home. It will save you time getting to and from the salon too.

Saving: $40 per fortnight = $1,040 per year

Shop the sales

Grabbing the newest arrival at your favourite boutiques is a great way to make sure you’re paying top dollar.  Wait for the sales which usually appear around public holidays and recurring events such as Vogue Fashion Night Out.

Saving: $500+ per year

Plan your holidays

Last minute travel is expensive so plan and book your holidays for 2020 now. Consider travelling outside of business hours, on public holidays or in shoulder seasons and you’ll save even more.

Saving: $500+ per year

I’m sure you’ll agree that nothing here is that hard to do.  To show you how the little things really do add up, the savings from these small ideas alone amount to $11,152 per year. If you’re a couple, this could amount to $22,304 every single year. If you think about where you spend your money, it’s likely that you’ll be able to find further savings just by being a little smarter. Remember it’s not about going without, it’s about spending mindfully.


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Our response to limit the spread of COVID-19

  • As COVID-19 continues to spread, we would like to take a moment to let you know what Financial Spectrum is doing to respond.

    While we haven’t been directly affected with any confirmed cases, we are taking all reasonable precautions to remain safe.Our priorities are:

    1. Keep our staff and clients safe
    2. Stay fully operational in our service delivery and continuing to manage your financial affairs
    3. Play our part in minimising the impact on our community against the spread of COVID-19

    Financial Spectrum has the technology, infrastructure and systems to continue business as usual remotely and our staff will now be working from home.

  • You should notice no change to our service, with the exception that we are encouraging our clients to meet via video call, rather than face to face, unless requested. We will be contacting all clients with meetings booked over the next two weeks with instructions for a video call.This is an evolving situation and we will continue to monitor developments. We will keep you informed of any material changes to our approach.

    These are unprecedented times and we understand that many of you will be feeling unsettled about your finances. We would like to assure you that we are open for business and are here to help you. If you don’t have a meeting booked but would like one, or if you have questions, please contact us at info@financialspectrum.com.au or on
    02 8238 0888

Brenton Tong

Managing Director

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