Mortgage Stress Survey 2023: 38% of Australians To Spend Less and Prioritise Mortgage
As part of Savvy’s ongoing research into the economic and financial wellbeing of Australian families, our latest survey follows up 2022’s findings into mortgage stress. 21% of respondents say they haven’t missed repayments but are “under pressure” 38% say that they will spend less and prioritise their mortgage if rates continue to rise 13% say […]
Budget Nation 2023: Half of Aussies are Keeping on Top of Finances by Budgeting
As part of Savvy’s ongoing research into the personal finance habits of Australians, we survey Australian adults about their plans to pay off large Christmas expenses and how they’ll keep on top of finances in 2023. 64% of Australians will use existing savings to pay off Christmas expenses; only 14% will use the credit card […]
Financial Wellbeing Report: The Changing State of Australians’ Finances
As part of Savvy’s ongoing research into consumer behaviour and economic wellbeing, we take a look at spending habits of Australians around the “Black Friday” and “Cyber Monday” pre-Christmas sales. 59% of Aussies going to spend on clothes and shoes; 35% on electronics 51% say they won’t be spending as much this festive season as […]
Can You Use Debit Cards Overseas?
One of the most important things to do before travelling abroad is to make sure you can comfortably use your debit card overseas. Unfortunately, many a traveller has returned home from their holiday to be faced with expensive currency conversion and foreign transaction fees on their card statement. You can find out all about spending […]
Cybercrime in Australia, 2022 Report: How to Protect You and Your Family
According to Scamwatch, Australian cyber-crime and scams cost us $56 million last year – and despite our best efforts, cyber criminals are getting more sophisticated each and every day. With a bit of training and knowhow, we can stand up to cyber criminals by protecting ourselves online. This may be achieved through strengthening our passwords, […]
Older Australians Love Online Banking; Younger Generations Prefer Banking Apps
Savvy has a look at the banking habits of Australians and what they’re using to conduct day to day transactions. Only 45% of 18-24s use online banking, compared to 83% of 55-64s. 78% of 25-34s use banking apps monthly, compared to 35% aged 65 and over. 67% of 18-24s use Apple Pay, compared to 10% […]
A Quarter of Aussies Save $250 or Less Per Month
Savvy’s new personal finance survey of 1002 Australians discovers people’s average monthly savings, where they put their money and how they feel about inflation. 24% of Aussies save $250 or less each month 32.5% save $750 or over per month 78% rely on savings accounts, followed by super contributions (24%), then stocks & shares […]
Term Deposit Calculator
Watching your savings grow is exciting and can be a great motivator to encourage you to save harder towards a goal that really means something to you. You can use Savvy’s term deposit calculator to find out how much your savings could earn you if you tuck them away in a term deposit for a […]
Bank Australia Term Deposits
Bank Australia is the result of the merger of more than 70 credit unions and co-ops since its beginnings in Australia in the 1950s. It holds the title of Australia’s first customer-owned bank and is based in Victoria. It now boasts more than 180,000 customers, 400 staff and 16 branches across the country. The bank […]
Online Shopping Report: “Super Shoppers” Driving Massive Growth in Online Retail
Over 2021-2022, over 80% of Australian households bought something online – spending $62.3 billion with a growth factor of 12.3%. Savvy investigates the latest AusPost data to learn who is buying, what’s popular, what consumers care about, and where online retail is headed into the future. Most active online shoppers comprise 15.3% of all shoppers, […]
Inflation Bites as Australians Say They’re Paying More for Groceries: New Survey
Savvy’s second 2022 cost of living survey, of 1003 Australians, learns what impact inflation and higher prices are having at the checkout. 33% of those surveyed said their grocery bills have increased by between 11-20% Average cost of a grocery shop estimated at $168.50 21% of women say their grocery bill has increased by between […]
How Much Income Does the Average Household in Australia Have?
Australia’s soaring inflation has made it increasingly difficult for households to pay essential expenses. House costs, petrol prices and groceries are the biggest culprits. It raises the question, how do wages compare with the cost of living? And what disposable incomes do households actually have? In this report, we analyse the average income of Australians […]
