Australians Share Their Number One Financial Ambition For The Year 2023

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Australians aim to achieve their financial goals by 2023, prioritising phone plans over home loans, and job seekers need to be wary of scammers.

Australians have big financial dreams, and this year, reducing living costs is the one that tops the list. CommBank’s survey shows nine out of 10 Aussies are striving for a better financial future by 2023.

We know many resolutions won’t make it to February, as many of us fall back into old habits in the first weeks of the year.” Will Mailer, the chief behavioural scientist at CommBank, says.

Securing a home loan is a much more significant undertaking than procuring a mobile phone plan. Surprisingly, research conducted by non-bank lender Pepper revealed that 70% of 

Australians invest time researching phone plans, but only six out of ten individuals compare various mortgage options.

Mario Rehayem, CEO of Pepper Money, explains that the financial market can be challenging to understand. However, he encourages us to take our time when researching home loans – as it has a more significant impact on our family budget than picking out a phone plan ever could.

With thousands of high school, TAFE and university graduates entering the workforce, the Australian Competition and Consumer Commission (ACCC) remind these young jobseekers to be wary of potential scams.

Alarmingly, in 2022 alone, Australians were conned out of a whopping $8.7 million through recruitment scams. The ACCC’s Scamwatch has cautioned youths to be alert and extra guarded against any job opportunities presented via social media or messaging services such as Whatsapp.

ACCC deputy chair Delia Rickard says, “If you are job hunting and are offered work that requires little effort for a big financial reward, it is most likely a scam. This might include repeatedly clicking a button on a website or app to purchase products or submit reviews.

An updated report from the Australian Medical Association (AMA) reveals a striking contrast between health insurers regarding the rebate for medical procedures. The AMA discovered that NIB provides its members with a benefit of $3498.75 for coronary artery bypass surgery, compared to AHSA, which offers a significant rebate of $4246.10 – surpassing NIB by more than seven hundred dollars.

NAB is providing exceptional home loan assistance to new parents – a significant relief that can help secure your family’s future.

Stephanie Boag, Executive at NAB Assist, believes this could be a boon for numerous households struggling to make ends meet in the face of climbing living expenses.

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