A Christmas of wanting

Once-off guest contributor Melbourne on My Mind invited Cheap Geek and I over for Christmas celebrations this weekend. Except when we turned up at her house, we found out that Melbourne on My Mind’s friends/cousins weren’t the only guests: it turns out that her parents had decided to throw a shindig and she thought it a good opportunity to shout her friends/cousins some free food and booze. According to Melbs, mooching some Christmas cheer off one’s parentals is fair game, especially when one is a financially challenged uni student. Continue reading

Cheap Dates, Thrills without frills

Frugal thrills: Christmas in Melbourne

Christmas may be an expensive time of year, but sometimes the best things Christmas presents in life are free:

1) The Big Sing

Organised by the Gertrude Players, The Big Sing is the free alternative to Carols by Candlelight. Come and help 400 carollers at Fitzroy’s Napier Hotel belt out ‘She’ll be coming round the mountain’ at 6pm on Friday 21st. The carollers will make their way to Fitzroy Town Hall, so do bring some comfortable footwear as well as your best singing voice.

Continue reading

Footnote Frivolity***, Money Matters

And it’s a wrap

Thanks to another RBA rate cut, Christmas has come early for mortgagers. All four major banks, CBA, ANZ, NAB, and Westpac, have passed on the full cut (via The Age), saving mortgagers with a $300, 000 loan a little over $50 in interest per month*.

$50 doesn’t seem like much. Two choc tops and two 3D movie tickets, perhaps? When directed towards the mortgage, however, that small sum can potentially turn into thousands of dollars saved. So while everyone else spends their windfall at <insert shopping centre monstrosity here>, I’ll be maintaining my repayments at their higher-than-required level as per Carolyn Boyd. I mean, why break a good habit?

Anyway, like schools, op shops, and the Reserve Bank, mustbethrifty.com will be shutting down for the December/January break. Weekly postings shall resume mid-January. Until then, have a safe, fun, and thrifty holiday.

Lots of love,


*Do the maths yourself to find out how much you can potentially save with a 0.25% rate cut: 0.25% p.a./12 months x loan amount = amount saved per month

Thrifty Like Your Nanna

‘If you look after your pennies, your pounds will take care of themselves.’

As told by Kristy to mustbethrifty

Grandpa was tight when it came to money. When he was alive, the family never went to restaurants. There were few treats: if Mum and her siblings wanted ice cream, they would have to share between the four of them.

He died when I was six months old. Nanna has been on her own ever since. Us grandkids and her Salvation Army work have kept her busy. She’s received a Community Achievement Award for her twenty-five years of service.

While Nanna isn’t as tight as Grandpa (she prefers to call herself ‘economical’), she is still careful with money. Continue reading