• HOSTPLUS
Education Updated 20 December 2011

Money tips

True wealth isn't just measured by how much money you have.

It's about the personal value you place on your lifestyle - now and in retirement.

Whether it's having a financial plan in place, investing wisely, working your way to the top or having the discipline to save - it takes time and effort to build wealth - and your super. And we'd like to help.

Rather than spin out the usual money saving ideas, we asked our own team here for their day-to-day money tips that save them in the short term, so they can enjoy their money in the areas that matter most to them in the long term.

From mums to executives and graduates to investment gurus - here's our collected money tips.

And what should you do with your savings? Well, apart from making a personal contribution to your super - the rest is up to you!

Our money tips

  • Cook big, bring in leftovers for lunch

    Sure you've heard this one before, but I always try to cook a massive batch of anything I make for dinner, so there's plenty of leftovers to bring into work for lunch. My best cheap stir fry recipe is Thai style with chicken & vegies - just toss in peanut butter, chilli, oyster sauce and lemon! You'll be the envy of your colleagues! - Nick

  • Shop online

    Whilst shopping is probably not the best idea when you're broke or trying to save, sometimes you just can't avoid needing new clothes. I shop at asos.com. Not only are they a season ahead of us because they're in the UK, but delivery is free and you can filter your search to ONLY look at sale items - which are usually really cheap. - Kirby

  • Become a tea drinker

    This is a really small one, but I decided that instead of getting a coffee every morning, I'd switch to herbal tea. I didn't want to give up buying a hot drink on those cold Melbourne mornings but I wanted something healthier. It actually saves me $1.50 each day - which doesn't sound like that much but over just a few months is close to $100 I can spend elsewhere. - Mel

  • Get a bike

    Cut down your carbon footprint and avoid public transport. Save heaps on petrol and train tickets AND keeps you healthy. There's a lot more bike paths around these days too. - Jen

  • Use public transport

    Save money on parking and petrol and save yourself the stress of the peak hour traffic getting to and from work! Take public transport rather than drive to work. You'll be doing your bit for the environment too - Nick

  • Make your coffee at work

    Make a coffee at work rather than buying one, the $3 a day will soon add up! - Neil

  • Buy petrol when it's cheap

    Buy petrol early in the week because it’s cheaper and use your shopping receipt discounts. No matter where you shop or buy petrol there is generally a discount on offer so use it - Will

  • Sign-up for everything!

    Sign up for every free customer rewards program you can - at shops and online. You'll get special discounts, deals and rewards usually by just providing your e-mail address. - Annette

  • Use the 30 day rule

    The 30 day rule for big purchases – if there's something that you really want to buy, wait 30 days and ask yourself if you still really want that item. Usually I've forgotten about something by then, or decided I don't really need - and if it is something I still want at least I don't feel guilty about it and know I've thought it through!- Anne

  • Write a list

    Write a shopping list before you go shopping and stick to it.Easier said than done, I know. But at least you'll know what you need and won't run out of money buying the stuff you don't need. - Aneta

  • Make the most of your local pub

    Here’s my tip for pub goers: many pubs have loyalty programs for regulars – where you may get a percentage off the total bill. Alternatively, there could be specials during the week where drinks and meals are discounted. For example, watch out for steak days/nights and pints of Stella for only $7.50! - Gaz

  • Read books

    Read a book - cheaper than magazines and they last longer. You can still get books from the library, or get an e-reader as they're cheaper online. - Shel

  • Have a clothes swapping party

    Instead of buying new clothes all the time, get together with some friends and swap a few pieces that you are sick of, that way you all get clothes that are new to you without spending any money! - Pia

  • Sell things e-bay

    Try selling old clothes and knick knacks that you don’t use or want anymore. Ebay or Swap Markets are great places to start. This means you'll be clearing out some room for all your new season purchases as well. - Clive

Related links

Education

    
Follow @HOSTPLUS

C4YC on facebook

  • Ever thought about applying to appear on My Kitchen Rules ? Do you know any dymanic cooking duos? They're taking applications for Season 4 of the show until 1 June...

    http://ow.ly/a2Gbn

  • Employers - become a part of the Melbourne Food & Wine Roast Collection in June. Submissions open 2nd May - there's lots of ways to participate from hosting an event with a roast themed menu, hands-on activities or the perfect wine pairing.

  • Chef Pierre Roelofs talks about his special dessert nights at Rosamond - each Thursday is a one-of-a-kind event.

    Pierre's Desserts

  • Do you shop at farmers markets regularly?

  • Just when you thought you were over your Easter chocolate hangover - here comes Australian Chocolate Master 2012!

  • Trick or tweet: how is social media changing the dining industry? http://ow.ly/a2FQ5

    Trick or tweet?

  • Happy Easter cooks! Quick poll: Hot cross bun or Easter egg?

  • The industry celebrates Easter...what are you cooking this weekend? Anything special?

  • Bacon Macarons...need we say more!

  • Watch this: the latest edition of 'Hello Foodservice' asks whether culinary competitions are still important – putting the question to leading chefs & industry figures including Shane Delia, Scott Pickett and Australian Culinary Federation President Peter Wright.The resounding answer was yes!

    Foodservice Gateway » Have culinary competitions had their day?

  • Budget update

    08 May 2012
    Treasurer Wayne Swan presented his fifth consecutive Federal Budget on 8 May 2012. At first glance it seems the government has used a combination of spending cuts and a deferment of others, as well as new revenue-raising tactics to meet its pledge to return the nation’s budget to surplus.

  • Stronger Super Update

    08 May 2012
    Stronger Super was announced by the Government on 21 September 2011 and is one of the most significant reforms to superannuation since the introduction of the compulsory super contributions in 1992. Here you will find an update on all the important changes that are taking place this year.

  • Super fund governance in the spotlight

    08 May 2012

  • Super contributions to appear on payslips

    08 May 2012
    Recent changes to government legislation has meant that regular super contribution payment reporting is required on employee payslips. Take a look.

  • Super changes to 12%

    08 May 2012
    The Australian retirement savings system has become the envy of most economies around the world and the long-term impact on our national savings has been incredibly positive. However, at HOSTPLUS we recognise that, particularly in the service industries of hospitality and tourism that we represent, any change in employment costs to business can have a significant impact.

  • What’s unpaid super?

    22 Apr 2012
    Recent media attention regarding unpaid superannuation highlights the responsibilities that apply to employers in making payments on behalf of their employees. In a situation of unpaid super, the money has not been received by the employee’s nominated super fund, although the employer is obligated to pay it on their behalf.

  • Employer Super Payments: how do they work?

    20 Apr 2012
    At HOSTPLUS, we fundamentally support the additional contribution to super of up to 12% by employers.

  • Financial standard launches the SelectingSuper Ipad App

    26 Mar 2012
    Leading financial services newspaper, Financial Standard, today announced the launch of the SelectingSuper iPad® app, the first time superannuation funds and their members can read comprehensive educational information and research about their super through the iPad.

  • Judges verdict: Two winners will Cook for their Careers!

    19 Mar 2012
    Budding chefs Michael Frenkiel and Ryan Grant have both been declared Cook For Your Career competition winners, following a nail-biting public cook-off where the judges determined that the Grand Finalists produced such outstanding dishes that both were declared the winners.

  • Cook for Your Career Grand Finale pits QLD against VIC!

    14 Mar 2012
    Two budding chefs – Ryan Grant (QLD) and Michael Frenkiel (VIC) – have been named Grand Finalists of this year’s Cook For Your Career competition.

  • Super Update

    23 Jan 2012
    Super legislative updates as seen in the Autumn MORE magazines.

  • Changes to daily crediting rates

    23 Jan 2012
    HOSTPLUS intends to move from weekly declared net fund earnings to daily declared net fund earnings during 2012.

  • What happened when HOSTPLUS went to Brisbane...

    22 Nov 2011
    We won not just one, but four ASFA Communications Awards, which are provided to super funds in recognition of outstanding marketing and communications.

  • HOSTPLUS extends digital presence through new enhanced website

    21 Nov 2011
    HOSTPLUS announced improved functionality and an enhanced user experience with the launch of its new website, in a major step forward for the Fund’s digital presence.

  • Market Update - 9 August 2011

    09 Aug 2011
    The last few weeks, and in particular recent days, have seen some quite dramatic events and market movements around the world.

  • Balanced option delivers impressive double-digit return

    05 Aug 2011
    We’re delighted to announce that our Balanced investment option has delivered a double-digit return of 10.11% for the financial year ending 30 June 2011.

  • What's Happening With Markets Right Now?

    05 Aug 2011
    There were some significant movements in markets overnight. JANA Investment Advisers have provided the following analysis of this activity.

  • Protecting your account against fraud

    14 Jul 2011
    Recent media attention has focussed on the risk of identity fraud faced by financial institutions and members of Australian Superannuation Funds.

  • HOSTPLUS launches online advice service - Super Adviser

    26 May 2011
    Super Adviser is now available exclusively to HOSTPLUS members, delivering intra-fund advice via a secure and user-friendly online approach. The self-service web tool allows members to access a statement of advice as and when they choose and without the need to actually sit down with a planner.

  • 2011 Budget - super update

    11 May 2011
    As we expected the 2011 Federal budget included only a few changes to superannuation rules. Those that were announced were minor in comparison to the major superannuation reforms seen in previous years. In this update we have included details on the key announcements affecting superannuation benefits and investments.

  • New addition to our Senior Executive Team

    12 Apr 2011
    HOSTPLUS has announced the appointment of Paul Watson as Executive Manager, Member and Consumer Choice.

  • The voting begins! National search for skilled apprentices to work in Australia’s restaurants

    25 Feb 2011
    Six people from across Australia have been announced as state and territory finalists in our national cooking competition 'Cook For Your Career'; an apprenticeship program designed to tackle Australia’s national skills shortage in the restaurant industry and develop new talent by awarding one passionate person a full training apprenticeship in a leading restaurant.

  • Affected by the recent flood events: how HOSTPLUS can help

    11 Jan 2011
    HOSTPLUS is deeply saddened by the recent flooding in Queensland, New South Wales, Victoria and Western Australia and also those affected by last year's Victorian bushfires.

  • HOSTPLUS enhances product line to deliver greater return to members

    30 Nov 2010
    HOSTPLUS today announced the launch of three new initiatives designed to deliver innovation and greater benefits for its members.

  • Changes to HOSTPLUS investment options

    28 Oct 2010
    As part of responsible investment practices, HOSTPLUS’ investment manager line up as well as our objectives and strategies, are regularly reviewed to help ensure all possible investment opportunities are fully optimised. As such from time to time changes may occur.

  • HOSTPLUS Launches new 'Choose Quality' Campaign

    27 Oct 2010
    We've launched a unique advertising campaign that illustrates why HOSTPLUS is a quality fund, including a series of three television commercials (TVCs), the first of which went to air Sunday 24th October 2010.
RSS