There is a ‘no-spend’ movement happening right now fuelled by the money saving bloggers and others who are sick of spending their money to the beat of the consumer cycle. Those involved are saving thousands of dollars per year and it’s easy to see why others are joining the bandwagon.
Australia has a debt problem and data released by Digital Finance Analytics has revealed that 20% of ‘middle-income’ Australians have no room in their budget for unexpected costs. Even the International Monetary Fund (IMF) last year warned that Australian households were on a dangerous debt binge. This is what others around you are doing to fight the problem head on.