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New online bank set to launch in 2019

A new, online-focused bank is coming to Australia in the hope it can lure customers from the big four banking giants.

The bank- which will be called 86 400 after the number of seconds in a day – will start offering transaction and savings accounts from early next year followed by home loans by June.

UK banking veteran Anthony Thomson, who will chair the new company, says Australia has the most profitable banking market in the world because of its high fees and charges.

Australia’s top four banks – Commonwealth Bank, ANZ, National Australia Bank and Westpac – posted a combined $31.5 billion in cash earnings in 2017, up 6.3 per cent from a year earlier.

“Banks in general, Australian banks or UK banks, have lost sight of the customer, they just think they exist to make money, and I believe passionately that profit is a by-product of giving the customer better products, a better service or better experience,” Mr Thomson said.

86 400 will be only an online bank, with customers to do all their banking via a phone app.

The bank is for cashless transactions, offering customers the ability to use digital services such as Apple Pay, Samsung Pay and Google Pay, but does provide an option for ATM cash withdrawals via Visa debit cards – made easier by the big four banks recent decision to scrap foreign ATM fees.

The bank currently consists of 60 people but will have a customer service team based in Sydney to answer calls and chat messages.

A former head of ANZ Bank’s Japan operation, Robert Bell, is CEO of the bank.

Its executive team also includes a former Westpac general manager of digital and a former CBA international chief risk officer.

The bank is working with APRA to obtain a full banking licence ahead of a soft launch towards the end of the year and entry into the public market in the first quarter of 2019.

Mr Thomson said the bank will have a lower cost base than traditional banks because it doesn’t have legacy technology and physical branches.

Mobile banking is rising in popularity in Australia: research from Roy Morgan shows around 8.3 million people used mobile banking in an average four-week period in the six months to June, 2017, up 72 per cent from 4.8 million users for the same time period in 2013.

Mobile banking was used by 41.5 per cent of banking customers, compared to the 26.5 per cent using branches, the 2017 Roy Morgan survey found.

Mr Thomson is hoping to replicate his success with UK online banks Atom Bank and Metro Bank, in Australia.

Metro Bank was launched in 2010 and after six years had one million customers and a market capitalisation of $5 billion, Mr Thomson said.

Payment processor Cuscal is backing 86 400, with additional shareholders expected to come on board.

 

 

Article source here.

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Renovation Tips That Can Increase Your Home’s Value

Taking care of basic maintenance tasks before you sell your home is a no-brainer, but a quick and not-too-costly renovation can add a lot of appeal for potential buyers, and may boost the final sale price.

Basics first

Fix those little faults that you no longer notice – leaky taps, rusty gutters, broken window catches. They can make a huge difference to a buyer’s perception of value.

Landscape the garden

A well-kept garden can create a low-maintenance feel before buyers even step inside.

Bring the outside in

Opening living areas to the garden can be as simple as adding big bi-fold doors that create an inviting sense of flexibility.

Take the inside out

The garden is a place to live: a barbecue area, deck, pergola or even a plunge pool all invite buyers to imagine their future lifestyle in your home.

Let the light in

Brightening dark areas boosts a home’s appeal; you can install skylights quite economically, and swap solid doors in dark areas for glass-panelled ones.

Put some colour on it

Fresh paint makes a home look ready to live in. Think carefully about colours, and maybe seek some interior design advice – although neutral colours present some people with a blank canvas, to others those spaces just seem bland.

A solid footing

New carpets make a home feel new. Again, think carefully about colour. A step further? Look under the carpet – those timber floors will be lovely when sanded and sealed.

Green it

Installing solar panels or a solar hot water system can add value for potential buyers, who will see future energy cost savings.

Bathroom fix

A brand-new bathroom can cost a lot. Instead, think of replacing shower curtains with clear glass screens and installing new taps, a water-saving cistern and even a new toilet seat. Replace small tiles with big ones, and don’t forget to clean/renew the grout.

Add storage

Buyers are looking for places to store their stuff – cupboards in the garage and in neutral spaces such as hallways are always welcome. A butler’s pantry in the kitchen is great, too.

Some simple and affordable renovation moves can make your home more desirable to buyers, potentially adding to the final sale price.

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End of financial year tax tips for employees and small business

The end of the financial year is one of the busiest and most stressful times for businesses and employees. Are your financial records in order? Do you know how to take advantage of standard deductions? While many people only see their accountant once or twice a year, you’re much more likely to identify deductions and make necessary adjustments when an ongoing relationship is in place. Whether you’re a business owner or an employee, you need to understand which deductions are available and relevant to you so you can benefit from them.

Tax tips for businesses

If you run a home office, you may be able to get a significant tax break. Sole traders and anyone who is operating a business from their home may be able to claim a deduction for occupancy and running expenses. This includes things like your mortgage and rent, which can add up to a large sum over time.

Business travel expenses are another common deduction, whereby any expenses incurred by you or your employees can be claimed. If you’re away from home for six or more consecutive nights, you need to record all of your activities and expenses.

Auto expenses are another common area for deductions. Any motor vehicle expenses by your employees can be claimed as business-related expenses, with the fringe benefit tax (FBT) also relevant if the employer uses the vehicle for private use. The salaries and wages you pay to your workers can also be claimed as a tax deduction, including any super contributions that you make for them.

Repairs, maintenance, and operating expenses can also be claimed in some situations. The amount of these deductions can vary considerably and is dependent on the type of business that you run, which is why it’s so important to keep up a relationship with an accountant.

Tax tips for employees

With the end of the tax year quickly approaching, it’s time to educate yourself so that you can meet your tax obligations and reduce your tax liability. From vehicle and travel expenses through to self-education and tools, making the right deductions now could have a huge impact on your financial health going forward.

With different deductions available for work and private purposes, and many work-related deductions requiring stringent record keeping, it’s hard to keep on top of it all. Instead of waiting until the end of June to get your financial records in order, perhaps it’s time to set up an ongoing relationship with a qualified and experienced accountant.

 

 

Article source here.

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What if your mortgage repayment falls short?

Whether you’re affected by fluctuating interest rates or by a change in your personal circumstances, the pressure of maintaining regular mortgage loan repayments can be overwhelming at times. Here is some information to help you understand the available alternatives.


What to do before it gets worse

If you’re about to miss a mortgage payment or already have, rest assured there is help available. Taking a big breath and raising the issue with your lender is the best thing you can do – in fact, the earlier you do that, the more options your lender will have to assist you.

Failing to resolve the situation may force the lender into taking action against you. This can include:

  • Fees being applied.
  • A higher default interest rate on missed payments.
  • Taking recovery action on your home loan, forcing a property sale.
  • Enforcement charges, plus court and legal costs.


A two-way relationship

Your lender will want to help you maintain your mortgage. One option is to give your lender a hardship notice. It looks like this:

  • First, you contact your lender to explain the situation, which may require a person-to-person meeting at their office.
  • Before the meeting, consider what options are available and define a ‘plan of attack’. This will show the lender that you’re proactively searching for an answer. After all, people are more likely to want to help you if they can see you’re trying to help yourself.
  • Whatever plan you decide on, you can give your lender a hardship notice orally or in writing that you are unable to meet your obligations – your lender can guide you in this.
  • Your lender has 21 days from receiving your hardship notice to ask you for any further information it requires. If it does not require further information, it has 21 days from receiving your hardship notice to decide whether or not it will agree to change your loan.
  • Depending on your situation, the lender may come back with a scenario to ease payments for the short term, increasing them later. This may escalate your overall loan costs, but you will maintain your home and mortgage, and will be better off in the long run.
  • Your lender must give you a notice as to whether or not it agrees with to change your loan following a hardship notice. If the lender does not agree, it must give you reasons why.

Lenders do have an obligation to consider your request, so don’t think that it’s a lost cause. If the lender will not assist you, you may be able to make a complaint to an external dispute resolution scheme of which your lender is a member. Your lender can give you details of how to contact that scheme.


Helpful support

Believe it or not, you’re not on your own – every month there are mortgage holders having issues with making payments, and just as there are legal rights for home buyers, there are also legal services for mortgage holders.

Perhaps there are also other financial issues, or bills, that also need attention, in which case we offer financial advice so feel free to contact us.

Albeit a difficult and somewhat embarrassing issue, you can speak to your mortgage broker about your loan issues. They will explain your options, suggest a plan, and work with you to minimise worries and achieve a resolution.

Whether you’re a client or not, if you require more information or advice contact your local broker as soon as possible. They can help with sorting through what options are available to resolve your financial difficulties.

You can also visit Moneysmart.gov.au, another great resource for tips to help you keep up with your mortgage repayments.

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Australians give income tax cuts thumbs up.

It may only be $10 a week but the budget’s tax cut has been enough to make Australians happy.

Consumer confidence jumped to the highest level since early February in response to Treasurer Scott Morrison’s third budget released a week ago which had personal income tax cuts as its centrepiece.

The three-stage tax plan kicks off with a $530 cut for the average earner and comes at a time of slow wages growth.

The weekly ANZ-Roy Morgan consumer confidence index – a pointer to future retail spending – rose one per cent, the fifth straight increase.

In contrast, the index has dropped 1.2 per cent on average in response to the budget over the past five years.

“Consumers are in good spirits. And why not?” Commonwealth Securities chief economist Craig James said pointing to the tax cuts, a stronger sharemarket and a more settled property market.

And the Reserve Bank has again indicated it isn’t about to pour cold water on the brighter mood with an interest rate hike any time soon.

Deputy central bank governor Guy Debelle told a conference in Sydney while the economy is expected to grow faster over the next couple of years, the Reserve Bank board does not see a strong case for a near-term adjustment in the cash rate.

He expects the jobless rate to gradually decline from here.

“The unemployment rate has declined 0.25 percentage points over the past year – we are expecting something similar over the year ahead,” he told the CFO Forum.

The jobless rate was 5.5 per cent in March.

He said forward indicators like vacancies and hiring intentions remain positive, and with economic growth expected to pick up, he was reasonably confident that unemployment will resume a gradual downward trend which will also lead to a pick-up in wages.

Minutes of the Reserve Bank’s May 1 board meeting were also released and again found its members predicting the next move in the cash rate will be up, rather than down.

The cash rate has held at a record low of 1.5 per cent since August 2016.

The latest wage price index – the central bank and Treasury’s preferred measure of wage growth – is released on Wednesday.

Economists expect the index rose by 0.6 per cent in the March quarter which would keep the annual rate around 2.1 per cent and only just above the pace of inflation.

 

Article source here.

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Couple’s finances: Being in tune with one another.

In our article, ‘Recognising and dealing with financial stress’, we discussed that close to a third of Australians find dealing with money stressful. In light of this, one of our suggestions for dealing with financial stress was to talk to your partner. One of the reasons behind this is due to the conflicts and stresses that may arise between couples when there is a difference in their beliefs on money and/or their money personalities, and these differences are not appropriately recognised and addressed.

Importantly, beliefs on money and money personality can be interconnected.

Consequently, we discuss ways to help you with recognising and addressing the differences that may occur in both of these areas through the fostering of communication, mutual understanding and teamwork.

Beliefs on money

The experiences that you have throughout your life (and your interpretation of these experiences) can shape the way that you view the world and your engagement within it on a conscious level. Importantly, the same may be said in terms of the formation and shaping of your beliefs on money.

Briefly, your beliefs on money are protective or liberating ideas, thoughts, or opinions that you hold about money. Depending on your personal circumstances, these beliefs on money may or may not be beneficial or desirable to you as they can influence your financial attitudes and behaviours.

If you are unsure about how to discuss your beliefs on money with your partner or even what your beliefs may be in the first place, consider completing the following together:

Identifying your beliefs on money through language

  • Write several short sentences about money, starting each sentence with ‘I should…’ For example, ‘I should invest more for my retirement’.
  • Repeat above, but now change the start to ‘I believe my partner should…’ For example, ‘I believe my partner should save more’.

Identifying your beliefs on money through feeling

  • Write down how you are feeling right now. For example, joyful, grateful, hopeful, helpless, depressed, jealous, or angry.
  • Repeat above, but now write down
    • The feelings you believe someone who is financially insecure would have.
    • The feelings you believe someone who is financially secure would have.

Once done, read out your answers to one another and discuss how you both feel. Now take some time to engage in ‘perspective shifting’, in this instance, seeing your beliefs on money as ideas, thoughts, or opinions rather than truths. A simple way to do this may be changing ‘should’ to ‘could’ in the first exercise above and discussing how you both feel afterwards. By practising perspective shifting, you may find that you not only allow yourself to gain a better understanding of your partner’s beliefs on money, but also open yourself up to the possibility of replacing your existing beliefs on money with new ones.

Money Personalities

Why do you manage money the way you do? Many of the decisions you make when dealing with money, such as how you earn, spend and invest your money, may be done on a subconscious level. We explore this in our Money Personality learning module.

Briefly, your money personality is the set of preferences you have with regards to dealing with money. Importantly, your money personality, like your beliefs on money, can influence your financial attitudes and behaviours.

When it comes to preferences in dealing with money we are all unique, which is why we developed four money personality animals to help broadly describe the differences that can arise from one person to the next. Here is a brief overview of each money personality animal:

If you are unsure about how to discuss your preferences with your partner or what they may be in the first place, consider completing our Money Personality quiz together. Our Money Personality quiz assesses your preferences for dealing with money with regards to three key metrics:

 

Continue reading the article here.

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Sharp rise in living costs for pensioners.

Workers may be getting a little excited about the prospect of a tax cut in next week’s federal budget to help with their cost of living pressures, but new figures suggest it is retirees who may need a greater helping hand.

Consumer confidence, according to one survey, has risen for three straight weeks heading into next Tuesday’s budget where personal income tax cuts are expected to be its centrepiece.

However, despite this better mood, respondents may have been a little surprised by the benign result of the latest quarterly inflation figures released last month, particularly if they are struggling to make ends meet in a low wage growth environment.

The consumer price index, which measures a basket of goods and services, rose just 0.4 per cent in the March quarter for an annual rate of 1.9 per cent, below the Reserve Bank two to three per cent target band.

However, the Australian Bureau of Statistics also produces its cost of living indexes every three months, which measure the impact of inflation on various households.

They gauge how much after-tax incomes need to change to allow different types of households to purchase the same quantity of consumer goods in a given period.

For employee households, the cost of living is calculated to have grown at a slightly higher rate than the CPI would suggest, increasing at 0.5 per cent for an annual rate of two per cent.

The bureau blames this on a 2.8 per cent increase in education fees at the start of the new school year and a 1.1 per cent rise in transport costs through rising petrol prices.

This assumes employee households are raising children and need to travel to and from work while enjoying falls in international holiday travel if they took advantage of winter off-peak sales.

However, age pensioner households are deemed to have a greater reliance on health products and services, which rose 5.5 per cent in the March quarter.

The bureau also calculated such households would have endured a 0.7 per cent increase in housing costs, including electricity.

Overall, pensioners would have seen a cost of living increase of 0.8 per cent over the quarter, double the quarterly rate of CPI.

 

Article source here.

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Fairer wages for Aussies with disabilities.

Working Australians with disabilities should get fairer a pay deal after the Fair Work Commission ordered a new classification and wage structure to address the loopholes in the existing framework.

Stakeholders and the federal government are expected to work together with the commission to develop the new wage framework within a “reasonable time” for supported employees’ fair pay.

Australian Disability Enterprises employ people with disabilities at award wages and who need ongoing support, with tasks adjusted to suit abilities.

But under the current award, they are required to use the Supported Wage System tool to determine wage rates for supported employees which the commission found was inadequate.

“It does not take into account the proper range of work value consideration used to assess award wage rates … it may not adequately measure non-productive time at work … does not provide a sufficiently objective and relevant means of identifying the performance benchmark by which any SWS assessment is conducted,” the April 16 statement reads.

It comes after another wage assessment tool was removed from the award list in 2015 after it was found to have discriminated against workers and breached the Disability Discrimination Act.

The report found employers were able to make their own rates and classification structures, pay people differently for equivalent tasks and may even be in contravention of the Disability Discrimination Act.

Despite a modified version of the SWS to take effect on July 1, the commission found it did not go far enough to resolve the problems.

“We consider that the use of all existing wage assessment tools should be phased out over a period of time. They should be replaced by a redesigned classification structure for Grades 1-3 of the award which sets the full award age rates for supported employees,” it states.

The new national wage assessment tool will give an assessment of the size of the job and the output of the supported employee compared to a full award rate at the same grade, the report states.

The new mechanism would be trialled early in the phase-out to determine wage cost impacts and any other issues before the commission approves it into the award.

NSW-based disability enterprise The Flagstaff Group CEO Roy Rogers said the commission listened to the ADEs, supported employees, families and carers.

“It is an informed and practical decision that we can work with to ensure secure, supported, and long-term employment for people with a disability now and in the future,” he said.

 

 

Article source here.

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How to add maximum value with renovations.

Renovating is one of the best ways for property owners to increase the value of their homes. If you’re looking to add value to your home, but don’t want to renovate every room, it can be difficult to decide where to start.

Here are some ideas to help you decide which part of your property to focus on for the best results.


The kitchen

The kitchen is widely regarded as the best place to start when renovating – and while it can be a lot of work, the rewards can be substantial. Despite being one of the most expensive rooms in the house to renovate, there’s no need to break the bank.

An updated kitchen can make a huge impact on potential buyers, by giving your home a ‘ready to move in’ feel. The Housing Industry Association of Australia report that the average cost of a kitchen renovation(PDF) in Australia is $21,862, but the difference a modern kitchen makes when you’re selling can be substantial.

As far as appliances go, you might choose to purchase a single-brand suite to give a cohesive look and feel to the room. However, there’s often no need to go ‘top of the line’ when it comes to elements such as ovens. Adding value is about keeping costs to a minimum while refreshing the room.


The bathroom

Next on the list is the bathroom, a key element in any house – especially if the structure isn’t particularly modern. Similar to kitchens, an updated bathroom can provide a home with a much-needed contemporary boost, and it doesn’t have to cost the earth.

There are a number of cost factors to consider when renovating a bathroom that don’t apply to other rooms in the house, such as plumbing and waterproofing. Moving the location of sinks, toilets and showers can add a lot to the overall cost, and this money probably won’t result in a lot of value being added in the long run. Therefore, a key tip for doing up a bathroom: don’t overcapitalise.

It’s important to consider the home as a whole, and the features you believe will be desirable for your location and target buyers. If you’re hoping to attract a family, for example, consider installing a bath.


The great outdoors

Another area ripe for high-impact renovation is gardens and back yards. Opening up the rear of your home to create an outdoor entertainment area is effectively the same as adding a whole new room.

If your home already has an outdoor entertaining area, it’s worth considering whether there are elements that could be updated. Adding an outdoor kitchen or designated barbecue area can have a positive impact on the value of the property.

And because first impressions count, don’t overlook the front yard.  ‘Curb appeal’ can be the difference between potential buyers driving by or stopping to take a look inside.

There’s more to adding value than giving your property a quick lick of paint and hoping for the best. The right renovation, in the right area of the house has the potential to add tens of thousands to the value of your home – and choosing the right way to invest your time and money could mean a better result when you decide to sell.

 

Source: (Your Loan Hub)

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How supermarkets influence your buying.

When you walk into a supermarket, the game begins between you and the sales/marketing team of that supermarket. Your goal is usually to get in and out with the groceries that you need. Whereas, their goal is to influence your buying in an attempt to get you to spend as much money as possible. Largely, this is done by specifically designing a supermarket that leverages off the findings from behavioural economics research.

The entrance

A humble trolley
Prior to walking into the supermarket, you will often head over to the trolley area. Unfortunately, there is more to that humble trolley than you might think.

One of the first shopping trolleys, referred to as a ‘folding basket carrier’, was introduced in 1937. It consisted of a foldable metal frame that moved around on wheels and could hold two small baskets. Since then, the design has undergone numerous changes. However, of most note has been its size and carrying capacity. For example, most trolleys that you find today in supermarkets are much larger in size and carrying capacity than their predecessors.

Whilst there are many good reasons for this change, a larger array of items available in supermarkets to purchasefor example, a major reason is the impact that a trolley’s size and carry capacity has on us from a psychological point of view. Namely, the bigger the trolley, the greater the likelihood that we will be inclined to fill it further.

First impressions 
You have probably heard the phrase, ‘First impressions matter’. When it comes to supermarkets, this is particularly relevant. As we often have multiple competing priorities, setting the time aside to do the shopping can be quite stressful (especially if we have children that need to tag along). This means that our initial mood when we step through the entrance of a supermarket can often not be ideal from the point of view of a supermarket’s sales/marketing team. Namely, we want to get the experience over and done with as quickly as possible.

Consequently, after negotiating the trolley selection, the first thing that confronts you in a supermarket is often the bakery and fresh produce sections, as well as some ambient music playing over the internal speakers. The smell of freshly baked goods, the brightly coloured fruits and vegetables, and the often slow tempo music are all attempts to try to ‘recalibrate’ your mood to something more conducive. They are looking to elicit two main responses, relaxation and hunger, because studies have shown that these things can influence your spending behaviour:

  • Relaxed = more time spent in the supermarket, leading to increased purchasing.
  • Hunger = more food item purchases.

The layout

Department locations
Have you ever had to pick up some mid-week supplies, such as bread and milk, and found yourself with a few extra items when you reach the checkout area? One of the reasons for this is the layout of the supermarket departments (bakery, fresh produce, meat/deli, general grocery, dairy, frozen goods etc.).

By placing essential items, such as the bread and milk example above, at different ends of a store, it requires you to walk through other departments to get to what you want. This tactic is aimed at distracting and enticing you towards other items that you see along the way.

Aisles
There are many tactics employed by the sales/marketing team when it comes to aisles, such as displays and general product placement. We have listed a few here:

  • Displays. Research has shown that when people shop, they tend to go around the edges of the supermarket, dipping in and out of the aisles. Consequently, items on display at the end of aisles aim to entice you. Unfortunately, despite them often being accompanied by signs saying ‘SPECIAL’, they are usually highly priced items (with high-profit margins) when compared to alternatives.
  • Aisle width. You will often find that the aisles are quite wide in supermarkets, noticeably more so than in the past. This is not just for your convenience when manoeuvring your oversized trolley around other people (and their oversized trolley). Wide aisles, just like the freshly baked goods, the brightly coloured fruits and vegetables, and the slow tempo music, aim to make you feel relaxed and… relaxed = more time spent in the supermarket, leading to increased purchasing.
  • Eye level. It’s often human nature to focus on things that are at eye level. The sales/marketing team frequently take advantage of this by putting expensive items at eye level (even if they have a SPECIAL sign). As such, by looking above and below eye level, you may find cheaper, but still good quality alternatives. However, importantly, certain aisles are set to influence two different eye levels, namely, adults and children. You can probably guess which aisles these are.
  • Charm pricing. By marking an item with a nine at the end ($5.99), many of us are still falling victim to the belief that it’s a good deal. This can be in terms of a comparison between a rounded alternative ($6.00) or with shopping in general.
  • Spend and save. You have probably seen multiple purchase pricing many times before, the five-for-$5 deals for example. Often people that are enticed by this offer tend to buy five items when in fact they probably only needed one. A slight variation to multiple purchase pricing, but with a similar premise, is the ‘buying one item and getting the second for half price’ example.
  • Emotional purchases. There are some items in the supermarket that you may engage with on an emotional level, coffee/tea or baby food for example. Because of this, you may spend a little more time before making a decision. As such, you will often find these types of items in the middle of the aisle. The rationale behind this can be as follows:
    • It draws you further into the aisle so that you interact with other items.
    • It stops you from obstructing others from entering the aisle.
  • Layout swaps. When you have been shopping in a particular supermarket for some time, you might reach a point where you think you have figured out where everything is located. This serves to not only make you more efficient in your shopping time, but also less susceptible to distractions and enticements. Consequently, from time to time, a supermarket will undergo a layout swap, with the aim of disorientating you and subsequently exposing you to other items.

The finish line

Checkouts and those last minute purchases
You made it, albeit probably with a little more in your trolley than expected. Now it’s time to put everything through the checkout. But wait, what about those chocolates, magazines, and chewing gum that are just within arm’s reach. This is one of the last attempts by the sales/marketing team to get you to purchase more items. Unfortunately, this can often be especially difficult to navigate past if you have children accompanying you.

Moving forward

As you might have already been aware, the supermarket is a complex place. Thought has been put into every little detail often with the sole aim of influencing your buying. So when you do your next grocery shop take some time to be mindful of all the different tactics that are employed by a supermarket’s sales/marketing team – you might just find that you spend less and save more.

Lastly, we leave you with a few handy tips for your next shop:

  1.  Plan your meals in advance.
  2.  Consult your fridge/freezer/pantry for items you already have.
  3.  Write a shopping list before heading to the supermarket.
  4.  Although, not always possible, consider leaving children at home with the spouse.
  5.  Opt for a basket over the shopping trolley.
  6.  Look at the unit prices between packaged and unpackaged items.
  7.  Despite rewards programs, don’t be afraid to shop around for a better price.

 

Article source here.