Tired of Wasting Money - Friend Recommended OzBargain

Hi guys

I work in the healthcare/medical industry. I have been living a life that has been debt free and I am finally looking to settle down and sell my soul to a bank in exchange for a house.

I have come to a point where the latest gadgets, be it the latest Android phone, a new car, or a fancy watch, does not appeal to me anymore.

I figured this is a good site to become more frugal.

I have also heard that this online community is a bit more kinder than the last few communities I have been a part of.
e.g. World of Warcraft, Origin, MOBA/FPS Steam Games

Cheers

Comments

  • +53

    welcome to the dark side

    • +16

      did you mean 'welcome to the cheap side'? 'cos no way is anyone blowing 8.1 quadrillion on a deathstar here

  • I am also looking for a rewards credit card and an airline rewards account, so I can accumulate points. I know squat about this and it's so easy to get lost and confused with the amount of options out there.

    Qantas (sometimes Emirates) looks like a good option, because it's the only airline I fly on for work purposes. My employer has a thing for Qantas.

    • +3

      Have a look at the credit card guide here: https://www.ozbargain.com.au/wiki/credit_card_guide

      If you want to apply for an Amex make sure you use a referral for bonus points from here: https://www.ozbargain.com.au/wiki/american_express_referrals

    • +1

      Several people were asking about Amex cards because of their cashback offers; have a look at my recent comment, which might help you select and narrow down a card that suits.

      • +1

        Thanks man. You've really provided me with a good starting point.

      • Good writeup mate, I was about to apply for this card as an EA member (http://www.americanexpress.com/au/content/eagold/)

        Any idea if its a good deal? First credit card for me. The extended warranty, $0 fees and low income requirements are whats most compelling to me. Would love price protection but not many cards offer that without real high income requirements or fees.

        • +3

          The EAGold is not a card offered to the general public, only select few who are privileged to be engineers. So I am not very familiar with this card.

          Nevertheless, out of curiosity, I followed your link to the card, and can highlight some contrasts for you. Please confirm the accuracy of what I say with regards the EAGold, since I am no expert, but just trying to be helpful. At the end of the day, you will have to decide which is the best card that suits you.

          Eagold seems to allow you 2 options - collect Amex gateway points, or Qantas points.

          Amex Points Mode
          It is kind of similar to the Amex Essential card offered to public, with some exceptions.

          Pretax annual income
          - EAGold $25K, Essential $40K

          Application bonus
          - EAGold –$100 and 5000 points (cash equivalent of $37.05) – a total of $137.05.
          - Essential – with referral link $75.

          Spend condition to get bonus
          - EAGold - $550 within first 2 months
          - Essential - $750 within first 3 months

          Essential has smarphone screen insurance
          - see my post on Essential for details of this; only relevant if you wish to buy or pay for smartphone plan on this.

          Both cards have purchase protection, refund protection and buyer’s advantage (extended warranty). Point earning is the same, and both fee-free.

          Qantas Points Mode
          It is kind of similar to the Qantas Discovery(QD) Card.

          Pretax annual income
          - EAGold $25K, QD $35K

          Extra fee
          - EAGold - You need to pay $49 pa to collect Qantas points
          - QD – no fee involved

          Point Collection rate
          - EAGold – 2 points per $
          - QD – 1 point per $

          No doubt there are other differences as well, these are the obvious ones I picked up.
          So first, you have to decide whether you are collecting Amex or Qantas points; then which card is best. Hope the comparisons help you somewhat in your choice. Cheers.

        • +2

          @bluesky:

          Luckily I am an engineer with Engineers Australia membership.

          I think I'll get the Qantas card.

        • +1

          @bluesky:

          That was amazingly helpful @bluesky, Thanks!

          I did just apply for the card a month ago (since I was making some large purchases I would have liked to use the card on) and got declined because of my income (unsurprisingly). Now my income has gone up by about 5x and would now easily qualify.

          Any idea if I should just submit another application, or should i call them up? Probably looks a bit sketchy from their point of view.

        • @fredz: Qantas Discovery has a spend condition change recently. Used to be $300 in 3 months to get the bonus points; now it is $750.

        • @cheesecactus: If you want to be cautious, call them up first, and tell them you wish to submit a new application, now your circumstances have changed.

          I suspect the person you speak with will be a front-line cust support personnel (nothing to do with applications), and will simply tell you to apply again. So, it probably makes no difference.

          In any case, if they do not believe you, they can always contact you.

        • +1

          @bluesky:

          Sweet, thanks for the advice :)

        • @fredz: Engineers Australia also offers a deal on an exclusive Amex Engineers Australia Platinum edge card.

  • +54

    You'll probably end up spending more than you did before. I know I do.

    Some bargains are just too good to pass up.

    • +5

      You know you are hooked when you buy Eneloops but don't know what they are for… lol

      • +4

        I have an unlimited supply of batteries. At work, once batteries are used to test a device, they get disposed of responsibly (whatever that means).

        I have like 1000 AA, 9V and AAA batteries in my garage.

        • +14

          He (or she) is will fit in perfectly

        • +26

          congrats, you are part of the Ozbargainer community. Hoarding is one of the few essential criterias to be a part of our club.

        • +16

          @scrimshaw: criterias Criterion — singular. Criteria — plural.

        • +4

          @endotherm:
          So is being a grammar police

        • +11

          @Gimli:

          So is being a grammar police

          *policing grammar.

        • +6

          @Gimli: It's called education. No offence to anyone, especially scrimshaw. But if nobody points out an error, you are destined to repeat the error forever. There is enough stupidity out there in the world already. I'm just setting the record straight. Hopefully a few people learn at least one thing a day. Wearing stupidity on your chest like a badge of honour is… stupid.

          Want to learn something else? Grammar has to do with syntax and sentence structure, this was more of a spelling error!

        • @endotherm:

          Yep definitely a spelling mistake…

          Plurals eh?

        • +1

          @endotherm:
          I did not know this
          I am even educated while being on OzB..

      • +1

        FTFY

        you know you are hooked when you buy things first then ask afterwards what you are going to use them for. Not the other way around.

      • You know you are hooked when you buy Eneloops but don't know what they are for… lol

        I hear you can recharge them…

        • +1

          they are batteries. use them then discard when empty right?

    • +3

      I live alone, so there's no one who can accept my deliveries if I was going to order something. Too lazy to get a PO BOX and my workplace has asked people to stop getting their shit delivered to reception.

      I work terrible hours and I'm overseas a lot.

      One of my biggest expenses is buying takeout and going to restaurants. If I can start packing my own food at home, I'll save a lot of money.

      • +1

        That would pay for your OzBargain inspired purchases.

      • +16

        24/7 Auspost lockers are great. I normally use them to redirect packages in transit depending where I'll be at the time.

      • +1

        I work terrible hours and I'm overseas a lot.

        When you say you work terrible hours, do you mean long hours or odd hours? If the former, it is hard to do -pack food to work. Sometimes one is so exhausted, there is just no energy left to prepare food - which requires time, preparation, shopping for ingredients etc. If odd hours, then fair enough.

        • Long hours and odd hours.

          Sometimes I have to stay until midnight at work to talk to the bosses overseas in the US.

          Other times I have to meet with people out of hours, which extends my work day.

        • @fredz: This sounds remarkably similar to my past work life. In my case, it was not just US, but all around the globe. So all kinds of odd hours. It won't be easy, then, to pack food for office. But still a worthwhile thing to aim for. All the best.

      • +2

        All you need is dominos pizza

        The cheapest @ 5 dollars is about a $2 mark up but you get to do nothing

  • +9

    Welcome to Ozbargain where people spend more money than they would if they didn't visit the site!

    • But for a lot more useless stuff than we would normally get. Yay us!

      • +2

        Yep, just bought a Steam Link on black friday even though my TV is like 5m from my PC so could easily have bought a HDMI cable for 1/4 of the price

  • +4

    There's some really great old threads about saving money and how to make the best use of your money. Others might be able to help to find the links.

    I have come to a point where the latest gadgets, be it the latest Android phone, a new car, or a fancy watch, does not appeal to me anymore.

    Good view to have. Spending on discretionary items is one of the easiest ways to lose your money, regardless of the cost. One of the biggest traps I find many OzBargainers fall into being captured by deals for various gadgets which they don't really need, but think because it's on special, they should get. Eneloops, anyone?

    • There's some really great old threads about saving money and how to make the best use of your money. Others might be able to help to find the links.

      Here's a good start:

      What is the tightest thing you do on a regular basis?

      • +1

        Yes, RealFamilyMan offered copious tips on reducing cost. Apparently he disabled his account soon after getting savaged in his forum topic about a negative Domino's experience.

  • +4

    Note that your friend said "wasting money", not "spending money". :)

    But yeah, if you have discipline, you'll fare well.

    • But yeah, if you have discipline, you'll fare well.

      Food is something I need to discipline myself with. When I see a good ramen or a tasty burger place, I can't help myself.

      • +11

        One thing i dont skimp on is food. My philosophy is look after yourself so you dont end up in hospital spending more money getting treated.

      • deleted - reply to wrong comment.

      • Food is hard that's why you shop the food ozbargain deals or just always buy cheap.

        I can't remember the last time I spent more than $15 on one meal unless I was like feeling a special give from the place or drink or high haha lol. (Not in the literal sense)

        • I can't remember the last time I spent more than $15 on one meal

          That's how much an entrée costs when I go for work lunches/dinners.

        • @fredz: yea but you work so you earn probably at least 4-5 times more than me

          A long as your health is okay it's okay I guess to spend more on the nice little things in life :)

        • +4

          @AlienC:

          yea but you work so you earn probably at least 4-5 times more than me

          I may be able to afford it on a regular basis, but even I recognise how ridiculous restaurant food prices are in the city.

          When I go overseas, I get better quality food at a much lower price.

          It's so hard to say no to people when they ask you to accompany them to lunch. It's especially hard when you work in a team that constantly talks to each other. When I say to my colleagues that I packed my own lunch for today, they leave me alone. My first step is to take advantage of Woolworths/Coles specials instead of just blindly walking into a supermarket and buying whatever I feel like.

        • @fredz:

          Totally understandable and I totally agree.

          You do what you gotta do to survive in this world.

          That's just the way it is.

          And yeah overseas food is so damn good for what you are paying.

          We are like kings here chucking gold bars at peasants for scraps of food here definitely compared to places like Asia and south America

        • +2

          @fredz:

          My first step is to take advantage of Woolworths/Coles specials …

          The supermarket posts are really helpful and can save lots. What's more, those guys who post these deals are quite incredible. Often, they get the info way before even the catalogues are out. Which is very helpful to plan what to get - when a deal starts.

      • +2

        When I see a good ramen or a tasty burger place, I can't help myself.

        My rule is this.
        I'll go out to eat things that are too difficult for myself to make.
        E.g. I don't have time to prepare a tonkotsu pork bone broth for 10hours.

        In this case, the $15 for a bowl of soup that takes a lot of time and ramen to go with it is definitely worth it.
        Burger - not really. A terrible patty (you can buy them from woolies if you want), some salad and a bun is too easy.
        I'll only buy it if I'm in a rush.

  • +4

    Welcome! You have come to the right place. Actually, this is more than a site to become more frugal. I enjoy the social aspects - the interaction, helping each other, and the laughs (especially the laughs, and puns :-)), more so than the deals. Although, I love the deals too! You will find the same …

  • +6

    Everything on this site is a temptation not a bargain need my warning.

    All you need to survive is

    water

    $3 end of day Coles or woolies flavoured milk

    $1 or $2 rolls of bread usually 4-6 from supermarkets or local Vietnamese bakery

    $2-3 Coles butter (it's alright to its good some days)

    $5 dollar connoisseur 1L tugs when they go on special or the cheaper brands if you want to "slumming it"

    $0.75 x 3 Coles or woolies softdrink

    $2-3 x 2 cheezels or kettle chips potato chips etc

    $5 dominos pizza or the new $1 McDonald's choc chip pancake when you are feeling special

    $5.50 local Vietnamese banh mi when you are feeling down

    More water

    For special nights maybe nachos ala supermarket style

    $1 cannot make beans serves two or one fat ass

    $1 sour cream serves 3-4 serves or one fat ass with a death wish

    $2-3 corn chips for your base

    $? Cheese of desire

    Bonus round

    $2-3 sauces of choice

    Whip it in the microwave for 2-3 minutes. Done

    Butter optional but not required

    This is all you really need from ozbargain the rest is extra

    Oh yeah you can buy rice and vegetables every now and then when they are on "sale" to maintain good and adequate health

    I feel broccoli eggplant and potato's and carrots and peas good tucka

    Hope this helps

    Oh yeah and drink lots of water

    Ozbargain out

    • Surely, toilet rolls are essentials (not temptation) :-) Just don't overdo, like I did recently. The Amex Shop Small, spend $20 get $10 back, was too enticing, so I ended up crowding myself with toilet rolls from Amcal!

      • Just use the free napkins at Macca's.

        • +2

          That explains why the frozen coke was so chunky the other day.

      • Oh yeah definitely forgot that. $15 for like 48 rolls at woolies or other semi recently.

        But a good bidet goes a long way.

        • Haha, but the deal was better, $10 for 40 rolls (with Amex offer).

        • @bluesky: I haven't jumped on the amex bandwagon yet..hmm maybe I should i se great deals for it nearly every week of every day

        • +1

          @AlienC: Well, if/when you do, take a look at my comment which might help.

        • +1

          @bluesky:

          Will do but iirc you need a minimum income and or threshold to qualify for one.

    • +1

      Good tips there

      • When it comes to food I know my place haha lol ,) :)

    • Forgot to add 2 minute Maggi noodles or mi goreng as they are the cheapest and most enjoyable meal you will ever get but my current home situation does not allow me that haha lol

      Seriously we pay like out the ass for eating outside it is crazy

  • +7

    The site is bit brighter than Whirlpool

    • +4

      You mean colour scheme? Definitely :-)

    • +5

      Pervasively!

    • +5

      And there's less people bragging about how much they earn and what an expert they are at their work.

      Lots of code monkeys and technicians claiming to be engineers on Whirlpool.

      • +14

        Nope, they're still here. They just do it subtly by asking for financial advice.

        • They just do it subtly by asking for financial advice.

          I ask my Chinese friends. They seem to know the Australian property market and tax system better than most Australians. hahaha

          Probably even better than the Australian government.

  • +2

    The only way you will save is by spending.

  • Battlefield 4 community is awesome the majority of the time. I have made so many friends.

    • +3

      The PC community is mostly nice and mature, but then you do get those 12 year olds with well-off parents who buy them PCs good enough to play BF4.
      Can't remember how many times I've been called the 'c' word by a child. lol

      Most people who play BF4 on the PC in Australia are over the age of 25.

      • That's when you do some tea bagging after wrecking them :D

      • I work in a computer store and this woman just bought her 15 yr old son a $3000 gaming PC =/

        Tried to save her money saying he didn't need that $200 gaming keyboard but she just shrugged it off as 'whatever he wants'

    • The B-team really did an amazing job on it, hats off to them.

  • +1

    Be warned, you could end up spending more on this site. There will be days when you end up buying something that you've never thought of buying or needing. I'm not saying it's a bad thing but if your ultimate goal is to spend less than there could be a conflict.

  • +2

    As some others have pointed out, ozbargain often results in people spending more than they need to, on things that they still don't need, but which happen to be on sale.

    If you're interested in exploring frugality, check out this blog and the accompanying forum. I'm not sure that the forum is necessarily 'kind'. It's as full of judgmental people as any other forum, but the blog has a singular focus on eschewing a life of consumer consumption and focusing on the good life - whatever that may mean for you.

    http://www.mrmoneymustache.com/

    have fun!

    • This dude is a bit of a shill these days, not knocking the lifestyle because I agree with it, I just think Early Retirement Extreme is more my jam.

      • I think MMM does spend quite a bit of time promoting himself, but I forgive him that as how else does one promote the lifestyle?

        I think Jacob from ERE is a legend, but to go from NORMAL -> ERE in one move is a huge leap for most people.

        I like how MMM wraps the lifestyle around a multifaceted approach to life - health, community, environmentalism etc, which can make it more relatable for the average Joe or Jess Citizen.

        The ERE blog is great, for those interested:

        http://earlyretirementextreme.com/

        but it doesn't seem to include any new content. He's just cycling through old posts.

        • MM recycles old stuff too, but I guess there's only so much new content you can bring. You're right though.

  • This site gets you saving on things you wouldn't otherwise purchase. Frugality is not a word I would associate with being an ozbargain member

  • I have also heard that this online community is a bit more kinder than the last few communities I have been a part of.

    a bit more kind

    OR

    a bit kinder

    Pick one.

    Welcome to OzBargain. :)

  • +3

    Hi. As others mentioned frequenting this site will usually end up in you spending MORE. For optimum results what I found works for me is I have a list of things that I want. I strive to only buy things that are already on the list. This is a hard lesson learnt after years here - you're welcome :-)

  • To be honest, if you are interested in frugality, then I don't believe this site is for you. Sure there are some occasional tips here and there, but mostly it's about bargains for items you are going to buy, rather than cutting back your spending. If there are some big ticket items that you have to get, then this site would help as you can keep an eye out for those (assuming you have an iron will to resist the rest of the bargains).

    I would actually recomend /r/personalfinance and /r/frugal on Reddit for living frugally.

    • +3

      Keeping an eye on the regular supermarket postings can save over $1,000 a year.

  • The forums here are handy and insightful, but overall I reckon this website has the opposite effect of making one frugal.

  • +1

    I like a bargain as much as the next guy and keep on eye on deals - but OzBargain isn't the place for penny pinchers. Go look up 100 ways to save money or stupid life hacks if you are trying to save a dollar or be tight

  • I work in the healthcare too. welcome you are now officially a Ozbargainer

  • -1

    Saving money and OzBargain don't go in the same sentence, I just come here for freebies and the occasional HDD

  • +1

    Welcome Fredz the first year is truly the best, hope you find yourself some bargains !!!

  • As long as you hold back from impulse purchases and stick to what you need and really want, you can save a few dollars on Ozbargain. Speaking from experience, I used to just buy any good bargain. I still have stuff that I haven't even opened from few years ago. Thank goodness Dicksmiths closed down, I have enough batteries to last me 2 life times.

  • Start budgeting. Really it takes one hour to see where your money go. You don't need any fancy software or tracking every purchase, just a spreadsheet. Write down all your regular income and expenses normalised to weekly and there you go.

    When you start understanding where you money really go, you can change your spending habits.

  • +3

    Tired of Wasting Money

    What's your time worth? This place can be a time-sponge.

  • +1

    I don't think a site like this promotes being frugal.

    You do tend to grab bargains but would you have spent that money to begin with? Everyone here probably has less in their bank account because of this sitewhen you adjust the savings from things they would have bought to the stuff they bought.

  • +1

    Time is money my friend, and what people don't realize is they waste more time on sites like these when they could be making enough money to not worry about chasing bargains.

    The problem is they don't know how to convert time into money, so the fall back is to spend less.

    In reality, a bargain isn't a bargain if you don't need it. How many Eneloops do you really need, be honest with yourself?

    My advice is to only use these sites, when you're looking for something and not as a place to hang out.

    It could be costly and you'll end up getting more of those gadgets that you no longer desire.

    • +2

      True in terms of time wasted.
      But if the deal is right for you, then the money you have saved, you could consider it money earned tax-free for doing nothing but waiting.
      For example: $100 item costs $70 on sale.
      Say you are getting taxed at 30% for simplicity.
      Scenario 1: Buy it for $100 not on sale. That would have cost you $142.86 in before-tax wages ($42.86 as income tax)
      Scenario 2: Buy it for $70 on sale. That would have cost you $100 in before-tax wages ($30 as income tax)
      Or you can consider it another way for scenario two.
      How much time would it take you to replace that $30 (after-tax)?
      In this case, $42.86

      As you can see, the face-value of the saving is just $30, however the value of the saving really depends on your tax-bracket.
      Yeah, a lot of people spend way too much time on this site.
      Tip for the O.P.
      You can make search alerts so if a deal matches some sort of keyword you shoved in, it will send you an email alert!

      • +1

        As I said, use the site when you need something, not when you're bored and are just looking for a bargain.

        • Yeah, search alerts will notify you about things posted on the site.. without having to check OzB daily!

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