The RBA raised interest rates again this week – what’s going on?
In this episode of The Australian Finance Podcast, Kate Campbell & Owen Rask discuss what’s happening in the world of interest rates and inflation and what this means for your finances.
Plus, we discuss actionable ways to combat inflation and feel in control of your finances right now, including:
- Unsubscribe from marketing emails that will prompt you to spend outside your budget
- Use cash rewards, discount sites (e.g. Honey) and rewards programs (e.g. Raiz rewards)
- Lock in 12-month subscriptions now (anything from Amazon Prime to Health Insurance)
- Hunt for a high-interest savings account (5% is on the table)
- If you have a property, consider using an offset account/call your broker (free and easy)
- Be ready to invest (ideas are everywhere!)
- Sell stuff you’re not using around the house (prices are still high!)
- Prep your killer CV (the employment market is tight)