You spend loads each month, however no more than you earn. You simply have excessive month-to-month bills as a result of you might have a household to pay for, you’re self-employed or have a excessive “retail turnover” (fancy title for having fun with purchasing). You want to seek out methods to scale back your bills and use totally different instruments to become profitable for nothing.

As a Wholesome Spender, you would be utilizing a bank card to earn rewards in your on a regular basis spending, save on abroad transaction charges and as a part of an offset package deal that will help you repay your house mortgage sooner.

Your motto: Use cash to become profitable!

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Welcome! That is your first voyage into bank cards and also you hardly know the place to start out. You is perhaps a scholar or a brand new everlasting resident in Australia. Perhaps you wish to construct your credit score profile so you will get a house mortgage.

Regardless of the cause, you’re most likely searching for one thing you possibly can sink your tooth into with out getting in over your head – a low-cost, easy-to-navigate bank card.

Your motto: Everybody begins someplace!

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You watch your cash like a hawk. You want to avoid wasting and don’t thoughts following a funds; in any case, there’s nothing nearly as good as hitting a monetary aim like saving for a home deposit, paying off a mortgage, or reaching a financial savings goal. You’ve most likely been to seminars or learn books on cash, budgeting, or the best way to increase your retirement.

You normally learn opinions earlier than committing to a brand new product and weigh up the professionals and cons rigorously.

Your motto: Cash is a useful resource, so use it properly!

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You’re keen on any form of deal: a reduction, two-for-one, voucher or cashback. You may have a verified account with OzBargain and love the giddy zing of scoring a deal (even higher if it’s a sneaky one). If there’s a loophole you’ll use it; if there’s a coupon you’ll dig it out of the darkish internet. You’re happy with spending lunch breaks scouring the web for higher costs and practising your price-match haggle speech for unsuspecting retailer workers.

Your motto: By no means pay full value!

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It’s possible you’ll not want or need a bank card for day by day, however you do wish to have a bit emergency fund prepared simply in case. You would possibly also have a nice bank card that earns rewards and provides you perks you utilize, however you additionally need a separate wet day fund with decrease rates of interest for a real emergency.

Your perfect wet day card has low or no annual charges, low rates of interest and adaptability.

Your motto: Be ready!

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You utilize expertise for every little thing: getting a dopamine hit in your 10,000th step, paying together with your ring, ordering a mocha by way of an app and sending cash utilizing only a cellphone quantity. You’re eager to see what’s altering because the banking world is disrupted by new improvements, neobanks and cryptocurrency.

Your motto: Early adopters rule!

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Funds? Balances? Nope – you purchase issues that you really want and don’t fear an excessive amount of about how a lot money goes out and in. You’d relatively have a root canal than take into consideration sticking to a good funds.

For splurgers, there’s all the time the danger that the credit score restrict looks like ‘free cash’. You would possibly even be an Indebted Splurger, if you have already got cash owing on one other bank card (during which case you possibly can have a look at stability transfers that will help you get on high of your debt).

Your motto: Cash is for spending!

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You run a enterprise, regardless of how massive or small. You’re a Sole Dealer with an ABN, or a small enterprise guru, or the CEO of a mega-corp; both means, you wish to be sensible about your online business funds. You’re searching for methods to handle cash higher, particularly when you have workers with firm bills. You need higher methods to avoid wasting on bills, funds simpler and make each greenback depend. If each greenback earns rewards, even higher on your backside line.

Your motto: Earn on bills!

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