While some flood-induced food price increases are beginning to abate, in other categories, price inflation continues. But you can fight back.
Iceberg lettuces for $1.89, versus $8.95? It’s enough to bring tears of joy to your eyes.
Transport and housing costs are also seeing soaring price growth. Let’s not talk about the sharp official interest-rate increases the Reserve Bank of Australia is imposing to try and curb inflation, and their impact on mortgages.Now that inflation has us all inspired to get back in control of our money, here are four ways to make more of it.Although getting a pay rise when you ask for one may appear unlikely, the labour market has not been this tight for almost 50 years. Your boss needs you.
But it makes little sense to let the Tax Office sit on the cash you are rightfully owed in tight times.Have a spare room or are away from home sometimes? Consider renting that space on Airbnb.Just be sure to consider the income tax implications, and don’t forget there will ultimately be a little capital gains tax to pay, too.
Investigate hashtags such as #resalenotretail and #shopmywardrobe to make cash from your cupboard… everyone is seeking to save right now.
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