This Trick Can Help You Save For Your Vacation

This Trick Can Help You Save For Your Vacation

As you scroll through your timeline and see another one of your friends go on an overseas trip, it gets you wondering: "when can I do that? I wish I had enough money to save for a vacation."

Sometimes, no matter how hard you try to pinch your purse, there's just not enough money to save up.

What if I tell you that you can finally put up the funds you need for that vacation just by changing your service providers?

Thousands of Australians are losing hundreds or thousands of dollars annually simply by sticking to service providers, when they could easily go cut themselves a good deal elsewhere.

Did you know that there’s a right time to strike in negotiating cheaper prices with your power, energy, mobile, or internet providers? Try doing it when your contract is about to end.

“On average families spend $14,000 a year on mobile phones, car registration and insurances, electricity/gas and internet/streaming TV services,” said GetReminded app co-founder Silje Dreyer.

“This could be slashed by thousands of dollars a year by simply knowing when your service contracts expire – knowing what you are paying and how long for. For example, some Aussies are saving $433 on average per year on their electricity bills by switching providers when their contracts end,”

Sometimes, people are receiving just one notice in the mail about their car insurance and registration. And by the time they notice, they’re near the due date and it's too late to shop for a better deal.

“There are so many competitive offers it’s crazy people don’t shop around. Many just keep paying the same high rate and renew at the last minute,” Dreyer said.

On average, an individual spends $590 a month on their household expenses, whereas a family would fork out $1,130.

By shopping around with other providers, Aussies could save 20% on each of their providers.

In dollar terms, this means single Australians stand to save $118 a month, or $1,416 a year all up. Families can save $2,712.

Enough to get you on that dream vacation, or at least to save up for a fraction of it.

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