Revving Up Expenses: Car Ownership Costs in Australia

Australia is the great southern land – and to get anywhere, you’re going to need a car. In fact, there are 20.1 million registered vehicles on the road, according to the Australian Bureau of Statistics, suggesting a very large portion of adults of driving age are in fact car owners. Though it’s undeniable that car […]

A Third of Australians Turn to Online Shopping for Christmas

According to a new survey of 1,000 Australians regarding their spending habits this Christmas commissioned by Savvy, about a third of respondents said they will do most of their shopping for 2021 online.  63% say Christmas spending plans unaffected by Covid pandemic 32% say they will do most of their shopping online this year People […]

What is Mortgage Stress?

Mortgage stress is becoming the go-to term for individuals or families who are devoting over 30% of their income towards a mortgage and suffering financial hardship as a result. Other industry bodies, categorise mortgage stress on a spectrum. The common definition of mortgage stress is any mortgage holder that is using over 30% of their […]

47% of Australians Prefer Paying Via Digital Wallet – Survey

The survey conducted by Savvy polled 1,003 Australians on their daily payment habits. The results showed that almost half use a digital wallet, or credit cards and payment instruments stored on a smart device such as a smartphone. Of those that use a digital wallet almost two-thirds use it as their preferred payment method Only […]

Savvy 2020 Financial Literacy Survey

Takeaways from the Savvy 2020 Financial Literacy Survey  Here are some insights and tips looking at our survey on financial literacy in Australia – and how you can make better financial decisions for you and your family.  A Majority of Australians Pay Their Credit Cards on Time  Most respondents to the survey said they have […]