Top 10 Biggest Rip Offs!

Boost your budget and save a stack of cash by avoiding these at all costs

  1. ATM fees

Seriously, paying for the privilege of withdrawing your own money? It’s crazy when you think about it.

  • You can be charged a few dollars for using an ATM that belongs to a bank other than your own. And that can add up to hundreds of dollars a year – just to access your own money!
  • Avoid this charge by grabbing some cash out when you’re passing an ATM that belongs to your own bank.
  • Or withdraw extra cash when you pay by EFTPOS, or when you’re at the supermarket. At Woolies and Coles you can withdraw cash without even buying anything, and they don’t charge you a cent.
  1. Cinema candy bar snacks

Really – $10 for popcorn and a drink?!

  • Skip the ridiculous marked-up prices you pay for your snacks and drinks at the candy bar in the movies.
  • Instead, pop into the nearby supermarket to buy your chips, choccies or even ice creams for just a few dollars.
  1. Full priced anything!

There’s just no need to pay retail anymore!

  • The endless department store sales and competitive online shopping environment means you can always snag yourself a bargain.
  • Whether you’re buying a washing machine or a new dress, it pays to do your homework. It’s almost always on sale somewhere, and most sellers are happy to price-match to make a sale.
  • And if it’s not on sale – remember, everything’s negotiable nowadays – make an offer!
  1. Pay TV

Paid subscription TV services like Foxtel seem to be dropping their prices, but they’re still a rip-off.

  • Try on of the online streaming services offering the same – if not more – great content for less than $10 a month.
  • Save your cash! Check out Netflix or Stan
  1. Lotto

Yep, we know you want to be a millionaire. But the odds of winning Lotto are just so ridiculous that it’s not likely to happen. Save your money!

  • But if you really have to have a gamble, go for something like those RSL Art Union home raffles. The odds still aren’t great, but they’re a lot higher!
  1. Business class airfares

Pfft – as if! Sure, flying business class is something you’d probably never afford anyhow, but don’t beat yourself up about this one!

  • Instead, console yourself with the knowledge that those people paying exorbitant amounts to fly in the fancy seats at the pointy end of the plane are really wasting their money.
  • Sure, they might have a little more leg room, but they’re going to arrive at the same time as the rest of us!
  1. New technology

You might want the latest phone, gadget or big-screen TV as soon as it’s released. But wait!

  • By holding off for a few months, or up to a year if you can, you’ll save a fortune.
  • Prices always start out really high, then fall as demand decreases.
  • You’ll also be avoiding any faults or issues that might only be revealed once the product has been out for a little while.
  1. Pet insurance

Read the fine print on policies like these!

  • Unless you have a particularly illness-prone pet, chances are the large excess payment and never-ending list of exclusions mean you’re never likely to get your money’s worth out of pet insurance.
  • Instead, make regular contributions to an emergency fund that you can dip into when you’re hit with an unexpected expense like a big vet’s bill.
  1. Fitness Fads

Aussies spend more than $8.5 billion a year on gym memberships, sports equipment and the latest fitness trends. But getting and staying fit needn’t cost you a cent.

  • Go for a walk or a run. Grab the dog, the kids, and get moving!
  • Got a bike? Grab it out of the garage and go for a cycle, you’ll feel like a kid again!
  • Want a gym-style workout for free? Find a local park that has an exercise equipment area. You can jump online to find one near you in Brisbane, Sydney, Melbourne or Perth, or contact your local council for locations.
  1. Bottled water

We all know we should aim to drink at least 8 glasses of water a day, but the mark-up on bottled water means it costs about 2000 times more than tap water.

  • Save yourself a small fortune by drinking your 2 litres of water a day from the tap – this will cost you a grand total of just $2 a year!
  • Carry and refill a reusable bottle each day. You’ll find yourself drinking more, so you’re helping your health as well as the environment while saving loads of cash!