The best Savings accounts in Australia for earning interest

These days banks aren’t paying very much interest on savings accounts.  It’s certainly smarter to invest rather than just save.  But a savings account is still useful – whether it’s for an emergency fund or just saving up for holiday or more expensive purchase.  So here is my roundup of the best savings accounts in Australia.

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Make some extra money with Swagbucks: How to Guide

Browsing through this thread on Reddit you can see that plenty of people are making around $100-$300 per month from Swagbucks.  You’ll never be able to earn a full-time income from Swagbucks,  but it’s a great way to earn a little extra cash on the side and turn your spare time into a new source of income.

$300 every month over the course of a year adds up to $3600.  Which is no small amount.   Enough to easily pay for a holiday at the end of the year!  Here is my guide on how to get the most out of Swagbucks to make extra money.

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Commsec Pocket: Should you use it?

Commonwealth Bank has launched a new way to invest in ETF’s called Commsec Pocket.  ETF’s or exchange traded funds, are funds that are made up of hundreds of underlying stocks.  Shares in these funds are traded through the stock exchanges.  The advantage of ETF’s is you get to invest in a diverse(ish) portfolio of stocks in a single investment.   For retail investors, this has proven to be a more successful for many investors compared to trying to pick and choose individual stocks.

So before you download Commsec Pocket, make sure you read this review to see if it’s the right investment choice for you.

In this review, I’m comparing Commsec Pocket with Raiz as that’s the product Commonwealth Bank is looking to directly compete with.

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Coinbase Promo Code: Get Free Bitcoin in 2020

Coinbase is one of the worlds most popular places to buy and sell cryptocurrency.  But did you know that you can get $10 free Bitcoin when you sign up?  So before joining Coinbase make sure you read this post to get the latest Coinbase promo code.

In 2019 Bitcoin gained over 90%.  So even though it wasn’t getting the hype of previous years, if you had bought bitcoin at the start of the year and held it, you’d have made a handy profit.

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Here’s a CoinSpot Promo Code for 2020

CoinSpot LogoThinking about signing up to CoinSpot? Before you do, make sure you use this promo code and you’ll get a bonus $10 worth of Bitcoin.

What is CoinSpot?

CoinSpot is a popular crypto exchange.  They make it easy to buy various cryptocurrencies in Australia.  As well as being able to buy and sell Bitcoin, you can also trade a number of popular alt coins including Ethereum, Litecoin, Ripple and many more.

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Should you buy Bitcoin on Coinbase in Australia

Coinbase is one of the worlds most popular places to buy bitcoin in the world.  But is it a great option for buying Bitcoin if you’re Australian?  We look at some of the pros and cons of Coinbase.

Buying Bitcoin on Coinbase

Coinbase is one of the easiest places to buy Bitcoin.  They have done an excellent job at making the entire experience straight forward.  So even if you’re brand new to Bitcoin, you’ll have no trouble buying.  Coinbase also offers a good cloud wallet for storing small amounts of Bitcoin, that is considered to be quite secure.

In Australia, Coinbase only lets you buy Bitcoin with a credit card.  This has some upsides and downsides.  On the positive side, it means you can buy Bitcoin instantly.  It’s no harder than online shopping.  The downside is they do limit the amount you can buy each week and there are also some fees you need to be aware of…

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18 Ways to live a more frugal lifestyle and have more money

Living a frugal lifestyle is not something that just happens overnight.  But over time you can make lots of little changes that will all add up to more money in your bank account.  Here are some my top tips for living a frugal life, let me know your tips in the comments.

Get your finances in order

  1. Start Investing and not just Saving – Using a “savings” account to save money over the long term isn’t very smart.  You actually end up losing money due to inflation and the low interest rates.  You’re better off investing.  There are lots of different ways to start investing and the good news is you can start with as little as $10.
  2. Setup an Emergency FundAn Emergency fund will help you in the future when unexpected expenses come up.  Setting up an emergency fund is simple and is something all young people should do.
  3. Set yourself saving goals – It’s hard to be frugal if you’re not working towards a bigger goal.  My partner and I recently decided to buy a house together.  So we have a goal of saving the deposit.  This energised my saving efforts.  Come up with a bigger goal that you want to work towards and record your progress over time.
  4. Pay off your debts – Before you start investing or savings, it’s often smartest to pay down or pay off completely your debts.  It’s easy to put them to one side and forget they exist, but you’ll be much happier if you actively try and work on any debt.
  5. Stop gambling – Gambling in Australia is a huge problem for many young people.  In the long run, you’re never going to make a profit gambling.  There are services available to help you stop gambling – even if you don’t think it’s a problem.  If you want to gamble, do it on something like Bitcoin where at least you have a chance of making money in the long term.

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How to start investing, even if you’re broke

Many people believe that investing is something for the rich or financial experts.  The reality is though that anyone can start investing, and you don’t even need a lot of money.  You can start investing in stocks and bonds with as little as $5.  And you can even do it without being charged any fees!  So read on to find out why you should be investing and how you can do it too, even if you’re broke.

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