Going Eco Friendly Can Help You Save Money!

eco friendly

eco friendly

Disclaimer: Quick Online Loans is a lender-finding service. We do not offer financial advice. Consider seeking independent legal, financial, taxation or other advice to check how the information and ideas presented on this website relates to your unique circumstances.

Going green and eco friendly is probably something many of us have thought about at one time or another. With the constant reminders that climate change is one of the biggest issues that is facing humanity today, it’s hard not to consider the option, even in passing. And it’s easy to see why it’s becoming such an issue. With a booming population, increasing waste output and decreasing resources, we think it’s safe to say that the world is reaching a breaking point. In light of these dire facts, many of us are again seriously considering adopting eco friendly initiatives.

For those who haven’t quite embraced the green lifestyle, we definitely get that the idea of going green may sound like a bit of an ordeal. Many will put off adopting an eco friendly lifestyle as they just can’t justify many of the initial startup costs. Or, it may seem like too much effort when you’re already short on time. And we understand this, we really do.

But, what if we told you it doesn’t have to be as expensive and time-consuming as you might think? What if we told you that with just a little effort, you can actually save yourself money in the long run? Too good to be true? Maybe not! We’re going to show you not only how to do your bit in helping the environment, but how to do it in a way that can save you money! So, let’s be thrifty, go green AND be environmentally conscious.

For those who are considering being more eco friendly, going green is beginning to look more and more attractive.

How to get into the habit of going green – the easiest ways to start out!

Starting something new can often the hardest part of any journey. After all, where do you even start? What do you need? What actions do you take? It can all be a little overwhelming without a bit of handy guidance! So, behold, some quick tips for getting your thrifty, eco friendly journey going.

Start using less energy

OK, this one goes without saying. The less (non-renewable) energy we’re using, the more money we are going to save. Begin by doing simple things such as turning off light switches if you’re not in the room and turning off electronics at the powerpoints when not in use. You would be surprised how much power your appliances use on standby mode! That’s literally money that is seeping out of your wallet for no good reason.

Another great way to easily start reducing your power output and go green is in the laundry! Wash your clothing in cold water rather than hot. Your clothing will be just as clean and you’ll save a pretty penny. Also, consider line drying your clothing! Tumble dryers are notorious for chewing through power. Start hanging your washing up as often as you can and just watch your power bill decrease. Not to mention extending the life of your clothing – heat ruins the fabric of your clothing! Start using these gentler methods and not only will it save you money immediately, but your favourite pair of jeans will last a lot longer as well!

Install those LED light bulbs!

Yes, this one is going to be a small investment, but the rewards are huge! LED light bulbs can last up to 10-years. Not only is this going to save you a chunk of money on constantly replacing light bulbs, but they’re a lot better for the environment as well. They’re eco friendly and long-lasting. You don’t have to buy them all at once. Start picking up a light bulb every other week and your home will soon be filled with lighting that you can feel good about.

Change your showerhead

Have you considered a low-flow shower head? Not only are they fairly cheap to purchase, but they’re designed to use a heck of a lot less water than your traditional shower head currently does. Your water pressure won’t be compromised, but they release and waste a lot less water. Go green and your water bill will thank you.

These may not sound like drastic changes, but changing your small everyday habits can have a big impact on both your wallet and the environment. That’s a pretty big perk in our books. These suggestions are only a few of the multitude of money-saving, environment saving tips out there. Looking to take it a step further? Take a look here for more handy tips and tricks!

Some short-term tips when you’re going shopping

Now, we’re the first to admit that not everyone is going to have the spare cash to go and invest in a bunch of expensive “eco friendly jars” or other gadgets that influencers on Instagram are touting as the “next big thing” in the move towards environmental sustainability. So, realistically, what can you do to help save some money and be eco friendly friendly at the same time? Well, lots as it turns out! It’s more about being mindful than simply investing in expensive habits.

Buy pre-loved goods

This one is probably our favourite. Nearly everyone loves a good op shop day. And it doesn’t have to be just clothing! By buying furniture, nick-nacks, clothing, technology and even appliances second-hand, not only are you giving these items a second go at life, but you’ll be saving a pretty penny as well.

This will also help reduce the amount of unwanted objects that may just fade into obscurity. With the amount of belongings that end up in landfills, trash heaps and our oceans, buying second-hand really will be helping fight the good fight! Plus, you can find some pretty cool things if you know where to look. One man’s trash truly can be another man’s treasure!

Quit that bottled water addiction

This tip is close to our hearts. Plastic can take dozens, if not hundreds of years to break down. It ends up in the ground, the oceans, lining the streets or getting burned and releasing poisonous toxins into the air. So, we’re all about ditching the plastic addiction that seems to have gripped so many of us. Stop buying one-use plastic if you can help it. Instead, start taking an eco friendly refillable water bottle with you. Sure, bottled water isn’t hugely expensive, but filtered water from a tap is free.

Invest in a few glass tupperware containers over a few paydays. Start keeping jars from cooking to store your food in (pasta sauce jars work a charm!). Quit the single use sandwich bags and glad wrap.

And as always, if you must absolutely buy single use plastic, recycle, recycle, recycle! There are so many ways to not only do your part for our beautiful earth, but to do it cheap! Go green and help the environment.

Long-term eco friendly investments

Let’s get into some of the bigger green investments you may be considering. These may involve a bit more of an upfront investment, but they’re worth it in the long run!

Solar power

This one’s a biggie! Considering how much sunshine Australia gets year-round, solar power is a definite consideration if you’re looking to go green and eco friendly. It is a bit of an initial investment, but solar power is an incredibly efficient way of not only saving money, but also reducing harm to the environment. Depending on a few different factors (location, energy output, choice of system) your solar panels will pay for themselves sometimes within just a few years. After that, you’re basically receiving free energy!

Want to know if investing in solar power will be worth it in the long run (i.e. how much moolah you can save yourself)? Have a look hereto get a few ideas of the financial benefits of solar power!

Want to know what factors will affect how much your system will cost you initially and how long before it pays for itself? Take a look here for some more in-depth information! Green energy is the way to go.

Plant some leafy trees!

Do you own a home with a bit of a yard or some property? Plant some trees! Some big leafy trees will provide some much-needed shade throughout the scorching summer months, helping to cool down your home. Did we mention that planting trees on your property can also help raise the value of your home over time? Yeah, this is one of those ‘2 birds, 1 stone’ situations. A cooler home means less need for that expensive non eco friendly air conditioning to be running around the clock. That’s instant savings!

Another perk of planting some leafy greens around your place? They’ll help absorb the Co2 in the air! Cooler home, less money spent on air conditioning, and helping to purify the air?? If that isn’t a great motivator to get a shovel out, we don’t know what is.

Being eco friendly is as easy as pie!

It’s heartwarming to see that there are people out there who are embracing the movement towards a more sustainable future by decreasing their waste and giving the Earth a little helping hand. And, not only is this going to have positive effects environmentally (every little bit helps!) but it’s also proving to be a huge money saver for those choosing to go green!

For those who have seriously begun thinking about eco friendly environmental sustainability, the future is now! The sooner we all start doing our part, the sooner we can help heal the damage that has been done in the past. Let’s fight climate change and save some money while we do it!

How to Treat Yo Self on a Tight Budget

how to save money

Last time on the Quick Online Loans Blog, we had a look at creative ways to cut costs and save a few bucks. We think budgeting is pretty important, so we’ve dedicated another blog to savvy money-saving tips. This time it’s less about money (boring!), and more about treating yo’ self. We all love spending time with family and friends, but sometimes we can lose sight of ourselves. When you add work and pesky bills to the equation, then your needs almost disappear. Soon you become a spending machine, but only on the necessaries. Groceries, bills, gifts, rent, and the list could go on. After you satisfy all the hungry beasts, there may only be pennies left for some good old fashion me-time. Well, we think it’s time that you treat yo self (even if you’re on a budget) because you’re worth it! You may be thinking that how to save money and treat yo self don’t really go hand in hand.

Ah, think again!

So, let’s find out how to treat ourselves! (on a budget).

Where it all began

The treat yo’ self mantra originated from the legendary Parks and Recreation sitcom. Since 2011, October 13th is Treat Yo’ Self day, so mark it on your calendars! Even though the Treat Yo’ Self Day only comes around once a year, the feeling it gives you can last all year round. The lesson we’ve learned from the treat yo’ self philosophy, sometimes we need to unwind, and just smother ourselves with love, instead of everyone else!

Treat yo’ self to a social life

Everyone at some point in our lives experiences a strict budget lockdown. Whether we are saving for a new car, or a home, or adventure holiday. And we start to neglect our social life. Sometimes we forget that spending time with our loved ones is the pampering a stressed soul needs. A chapmers with your squad can be the cure to any wired nerves. However, when the pockets are light, we can begin to see outings with our friends as a chore. Let how to save money and treating yo self come together and become a winning trio. It’s possible to chill with our squad and not risk spending your grocery funds.

Here are some tips on how to save money and enjoy your social life:

  • Host a potluck dinner party.

    Sharing is caring. So, gather your friends and share in some home-made goodies. This way everyone can shine. Cook what you love and share it with your friends. It’s cost effective and super delicious!

  • Have a spa day.

    In our last budgeting blog post, we outlined that DIY thinking is the key to how to save money. Well, nothing’s changed. In order to take control of your social life with loose change, learn to think DIY. Start by hosting your very own spa day. We’re talking homemade face masks, amateur massages and using essential oils lying around the house. Make use of your environment without having to pay someone else for their space.

  • DIY party.

    Who doesn’t love a party? All your friends gathered for a night of laughs and love, however, for the hostess especially, they can cost a few bucks. So, if you’re hosting a fun-filled party for your gang, head to Pinterest for all the DIY party decor tips.

  • Hang out amongst the trees.

    Spend an afternoon in a local park. Soak in the beauty of nature and enjoy a lovely picnic, complete with cheese, crackers and maybe some sneaky chocolate!

  • Volunteer together.

    Here’s something that doesn’t cost anything, your time! Give up your time to help others in need. And make a date out of it, invite all your friends for a bonding sesh, whilst spreading love and kindness in your community.

  • Game night.

    Break out the cranium, have yourself a game night. Each friend brings their favourite game for everything to enjoy. Paired with a few glasses a wine and that’s a fun (yet cheap) Saturday night.

  • Go swimming!

    Locate the nearest watering hole and dip your toes in for a refreshing (free!) experience.

  • Go to the da clubs!

    And no, we don’t mean the party clubs (they are certainly NOT free). The clubs we are thinking about are a book club, card club, wine club or anything else your passionate it.

There is a myriad of ways to enjoy your friends’ company without breaking the bank. So, let the creative juices flow!

Treat yo’ self to some fitness

We all know they say, “Healthy body, healthy mind.” Yet, when you’re reaching into your pocket for loose change, you may not be able to afford a fancy gym membership. But don’t give up on your fitness dreams yet! There are plenty of ways to treat yo self to some fitness without disseminating your budget:

  • Take advantage of your space.

    There are plenty of ways to exercise that won’t bent your budget. Try a run around your local park or a jog with a nearby friend. Once you get into the routine of exercise, it becomes second nature.

  • Buy equipment second-hand.

    If running around in circles isn’t your thing, then spice up your exercise routine with some equipment. However, as we all know, exercising equipment cost a bit more than a few pennies. So, head to the internet and hunt down some second-hand bargains!

  • how to save money

  • Get on them apps!

    Technology has gifted us some wonderful things, from cute videos to hilarious memes, technology is certainly a beauty. But did you think about how it can save you money? Well, good news it can! There are plenty of apps to teach you all about the latest fitness crazes. Such as Sworkit or 7 Minute Workout app. There are too many to choose from, so just pick one that you like and get going.

  • Search for studios that offer free classes.

    Some studios or gyms offer free classes as a trial. So, you can try before you buy!

  • Combine your social and your fitness.

    Join a social team! You can use it as an opportunity to make some new friends or join the team with your fitness-crazed friends. No matter where your talents lie (or how coordinated you are), a social team is perfect for beginners and experts alike.

  • Get healthy is cheap!

    Maintaining a healthy diet will help you cut costs, and improve your fitness. It’s the best of both worlds. Preparing a salad for lunch instead of heading out for a cheeky burger (no matter how delicious!).

Budget health cleanse – how to save money and eat healthily

You may think how to save money can be tricky when you want to treat yo self to a healthy diet. Everyone deserves the benefits of a healthy diet, no matter your budget. Before you shake your head in disbelief, whilst thinking of the cost of organic health food, let us show you a few money saving tips for healthy eating:

  • Plan your meals.

    As we mentioned in our last budgeting tips blog post, the key to how to save money is to unleash the meticulous planner within you. Planning your meals can help improve your diet, by cutting out those late night burger buys (we’ve all done it). Set aside a day to plan your meals for the week, then when you’re grocery shopping, remember to stick to the plan.

  • Hunt for bargains.

    When you’re planning your weekly meal plan, keep an eye on the sales of the week. See what’s on sale, then work your meal routine around savings a few bucks.

  • Utilise the power of leftovers.

    Cooking is tricky, so why not reduce the number of meals you have to cook? By utilising the power of leftovers, you can cook one big meal and live off its remains for a few days! It’s an easy way to stay healthy, and exy food costs.

  • Limit your junk food supplies.

    This may seem like an obvious health tip, however, it can always save your valuable moolah. Treating yo body to a healthy diet by reducing sugar and junk food will also treat your wallet.

  • how to save money

  • Let treats..be treats.

    Sometimes we can believe in the treat yo’ self philosophy so much, that we never stop treating ourselves! Don’t let treating yo’ self become your only motivator. Afterall, treats aren’t as rewarding if we have them all time!

Treat yo’ self to some me-time

Sometimes the most valuable time we have is me-time. When life becomes stressful, and your mind becomes busy – it’s time for some me-time. However, when people think me-time, they think expensive or simply a waste of moolah. As a result, we tend to neglect ourselves and the stress culminates and begins to affect all areas of our lives. So, here are some simple money saving tips for some much-needed me-time:

  • Get out and about the town.

    Take some time and explore your own stomping ground. Take a free walk around a beautiful spot in your neighbour. Walking amongst nature can free your mind and is completely free! Just make sure to stay sun safe.

  • Get in touch with the child within.

    Remember when playtime was the most exciting part of your day? Well, let’s bring playtime back for adults! Set aside time in your day to simply enjoy the things you love. Whether that’s a soothing bath, playing a sport, escaping into your favourite book, or whatever you look forward to a long day of work. And you can do it all in the comfort of your home!

  • DIY pamper night.

    DIY is certainly a buzzword when it comes to budgeting and treating yo self. When it comes to nailing DIY, it’s about believing in yourself and some serious internet researching. To treat yo self, set aside a night to make your own pampering products; scrubs, peels, face masks and the list could go on. You can set up an entire skin routine for yourself with just common and inexpensive household items. And hey, it’s relaxing!

  • Do something special…for yourself.

    Feeling stressed and overwhelmed? Don’t wait for something else to make you breakfast in bed, make it yourself!

  • Unplug.

    Sometimes the best way to treat yo self is to advance into the unknown. For a most of us, a day without social media, texting or gifing is certainly unknown territory. But why not give it a try? Replace your social media time by inviting a friend over, or just simply taking a walk, read a book or some other activity that helps you relax.

How to save money and treat yo’ self

And that’s it really! It’s the secret elixir for life, how do we save money and pursue things that you love to do. Hopefully, there money saving tips opens you up to a world of unexpected, (and inexpensive), ways to Treat. Yo. Self.

Let’s keep in touch

Whilst we are in love with how to save money tips, we also know that emergencies aren’t planned. And that’s where we come in! We can help you find you a small loan OR even more ways to save while still looking good.

Have questions about our loan service? Simply hop onto our website and send us a quick message and our loan finding specialists will get back to you.

Want more of Quick Online Loans? Great! Follow us on Facebook, Instagram, and Twitter and also keep up to date with the latest personal finance and lifestyle trends via our blog.

And don’t forget to treat yo self!

Budgeting tips: How to cut costs to save a few quick bucks

budgeting tips

Today’s market has brought us many wonders. Red velvet lattes, high-end vacuum cleaners, talking watches, streaming services, the list could go on. The market is flooded with all different avenues to spend our hard-earned dollars. With all these tempting goodies, budgeting tips are essential. When it comes to budgeting tips there is a myriad of different tips for saving. However, budgeting tips have become a bit same same, don’t you think? Tips like make a checklist or your review spending, are tips we’ve seen across hundreds of blog posts. So, we thought it was time to get creative, spice things up a little. We have gone far and wide to gather the ultimate budgeting tips to help you cut costs and save a few bucks.

We think that budgeting is a core pillar of personal finance. Money can open up all sorts of inspiring opportunities, but only if you use it wisely. That’s why we are dedicating a few blog posts to exploring the art of creating a budget and budgeting tools. So, stay tuned for a treasure chest of gold advice and essential finance tips. You might just hit the jackpot!

Back to budgeting tips. To best present our ultimate list of budgeting tips, we will divide them into categories. There are many areas of our lives where we can spend exclusive money, such as personal care, technology, travel, home and work. So, let’s dive into how you save a few bucks in all areas of life!

Save a buck at home

Budgeting tips don’t have to start by completely cutting out expenses. Believe it or not, you can begin with simply cutting BACK. To make a budget you first have to learn all the budgeting tips to save a few bucks. Finding ways to reduce costs, rather than rob yourself of life’s pleasures.

Don’t waste your water

It happens to all of us. When we’re washing our hands and forget to turn the tap off properly, and then we just forget about it. All that water slowly dripping out from the tap runs into obscurity! And quite literally drains your water bill.

Research your internet bill

Bills are an efficient way to save a buck at home. In regards to budgeting tips, finding cost-effective alternatives to your current providers is an easy way to save a few bucks. Internet is an easy bill to start with. There is a myriad of different internet providers, each offering different packages. iSelect is a great platform to compare internet providers and will help you find a data package that suits your needs and your budget.

Do you really need the latest Google Home?

Impulsive buying is budgeting public enemy number 1. You may be walking down the isles of your local department store and see a flashy ad for the new Google Home or a wireless charger. We can all acknowledge that these products are pretty nifty, however, are they essential? Not really. Especially, when you’re working on a tight budget.

Get hooked on the DIY lifestyle

We are talkin’ DIY air fresheners, DIY decorating, DIY gifts, DIY containers, DIY cleaning solution, the list could go on! Ignite your creative spirit and challenge it into your budgeting. Instead of spending your hard earned moolah on overpriced trinkets, make your own! Give your home a sense belonging with a touch of you in each piece of your decor.

Stay warm with blankets

Now we are not suggesting you freeze. However, in some situations, a classic, snuggling a blanket would work just as effectively as a heater. And it costs you nothing!

Turn energy-efficient

There is an abundance of ways to become more energy-efficient. Particularly all the energy we use could be converted to efficient usage. The classic omen is to turn off all your lights when they are not in use. We may sound like a broken record. However, it’s possibly the easiest way to save on your rising electricity bill. Also, swap out your dusty old-fashioned light bulbs for fresh, innovative energy efficient bulbs. LED and CFL bulbs require less energy to run and although they may be on the exy side initially, they’ll save you a few bucks in the long run.

Maintain your appliances

f you notice something isn’t quite right with your dishwasher or washing machine, get it fixed! Rather than tossing it out and forking out the cash for a new one. Don’t spend money when you don’t need to.

Budgeting for personal care

Adhering to budgeting tips for personal care doesn’t mean you’re ready to give up your treat yo self-attitude. It means cutting back on a few tiny luxuries you wouldn’t really miss. Budgeting tips for personal care also mean it’s time to release the frugal in you! Follow these budgeting tips for a heavy wallet and a lighter you!

Be on a lookout for bargains

Keep on high alert for any sales and bargains. Browse catalogues and online stores for exclusive sales. Even sign up to their emailing list for that extra 10% off. The vastness of the internet makes searching for bargains without help fruitless. However, never fear, because the internet was gifted as a bargain-hunting helper! Honey is a coupon and discount finding service that will guide you through your bargain exploration. Simply add Honey to your Chrome extensions and it will pick any discounts on web pages you visit.

Take care of yourself

Keep yourself healthy to save on those costly trips to the doctor. Make sure to get a healthy dose of sleep per night, maintain a good diet and regular exercise. Just your basic maintenance activities to prevent expensive medical bills.

Beauty DIY

Treating yo self to a nice spa day is definitely a must. However, they can be costly, and when you’re working on a tight budget, a spa day may be out of the picture. But, wait! Don’t lose hope. Remember our budgeting tips philosophy? Instead of going cold turkey, simply change your thinking. Find a way to enjoy your favourite treat for less! The internet holds a treasure cove of DIY face masks and body scrubs. So, get exploring.

DIY fitness

Paying $30 a week for a gym you only attend once a week after you feel bad about indulging in a whole block of chocolate? Then maybe it’s time to give up on the membership and accept defeat. However, that doesn’t mean you have to drop your exercise routine. There are plenty of videos online that guide you through a yoga class or through a cardio routine. And you can do them from the comfort of your living room. So, no need to spend that $100 to look fancy at the gym.

Save a buck at work

Prepare your lunch

If you’ve developed a habit of buying lunch every day or two, ditch that! Opt for a homemade lunch instead. Set an hour or two aside for some quality time with your pots and pans. Your bank account will thank you! If you can get into the habit of bringing your own lunch, it will never seem like a chore.

DIY coffee

Take the plunge and invest in a nice coffee machine (pods or espresso depending on your level of expertise). It can be a hefty upfront cost, however, the investment is worth it. You’ll save on the daily $4 coffee runs. You could also inspire your workplace to invest in a pod machine by collecting pool for all the costs.

Budgeting for travel

Bike it

If you already have a long commute, ignore this budgeting tip. However, if you’re sitting in your car for 15 minutes on your commute to work, then consider biking it. These budgeting tips work two ways; you can save on petrol and fit in your cardio for the day!


If you have a workmate that lives near you, consider organising a carpool. Like most budgeting tips, this one also has two sides. You can get to know a potentially awesome friend and you can cut on expenses!

Train it

Public transport may be more expensive than biking it, however, it’s certainly cheaper than the price of oil! If your work is accessible via public transport, consider making the switch. It may increase your commute time slightly, however, with the blessing of Netflix, you can catch up on your favourite shows.

Bulk travel

Limit your car trips. Do all your grocery shopping in one trip to save on hassle and fuel! Combine your errands into a super trip where you can vanquish them all in one mission. Bonus: you’ll feel super good about yourself as well!

Save a buck with technology

Technology is not only a tool for procrastination and cat videos but also a gem when it comes to budgeting tips. The wonders of technology can help save you precious time and money. Use the latest technology to book your holidays. Save money on your next accommodation stay with an Airbnb purchase. Or save on your trip back from a night out by ordering an uber. Have clothes just gathering dust? Why not sell them on Gumtree, eBay or Facebook Marketplace? What an achievement! You can save money whilst also starting a profitable side hustle.

The options are endless with technology. The sky’s the limit really.

Technology has also gifted us with apps. Now we know that apps can encourage impulsive shopping sprees, (you don’t even have to leave your bed to go shopping), however, they can also help you manage your money. There is a myriad of budgeting apps to act as your personal finance assistance. So stay tuned for the next instalment in our blog to learn all about how budgeting apps can save a few bucks.

Let’s be friends

Whilst we are in love with budgeting tips, we also know that emergencies aren’t planned. And that’s where we come in! Have questions about our loan service? Simply hop onto our website and send us a quick message and our loan finding specialists will get back to you.

Want more of Quick Online Loans? Great! Follow us on Facebook, Instagram, and Twitter and also keep up to date with the latest personal finance and lifestyle trends via our blog


Paying too much tax? Think tax deductions! Find out how much you can save on your tax

tax deductions

When you hear the term ‘tax’ you may want to run and hide and never show your face again. But never fear, we are here to talk about tax DEDUCTIONS! Mastering the art of tax deductions will bring life back to your finances and ultimately reduce the amount of tax you pay. So, step forward and begin your first step in mastering the art of tax deductions. Your journey to financial enlightenment has begun!

And more good news, the release of the 2018-19 budget includes tax deductions for low-income earners! Here’s a list of new tax deductions you can claim with the new budget:

  • If you earn up to $37,000 you can claim back $200 in your tax return
  • If you earn $90,000 than you could receive a maximum of $530 back
  • As well as a lower tax bracket for any earners with an income of $90,000 and under

4.4 million Australians will receive a maximum benefit of $530 with a reduced income tax rate of 32.5 percent. See how much you’ll save in the next financial year with the new budget.

Now, let’s dive into a cave filled with wondrous tax deductions!

A quick guide to tax deductions

Navigating the field of tax deductions is like finding Wally in a Where’s Wally picture. You must summon the courage to begin the tremendous journey through the perils that await you, such as government websites, mindless government bureaucracy and red tape. That’s why we are here to do all the work for you! Much like with our expert loan finding service, let’s find you the right tax deductions and see how you can save.

What is a tax deduction?

A tax deduction is an expense that you can claim on your tax. Essentially, the amount of the deduction is redacted from your taxable income, and as a result, you pay less tax. You can claim pretty much any deduction that you incur when running your business.

Close up: Tax Deductions – pay less tax!

Here are some answers to frequently asked tax questions on Google:

  • What is an allowable deduction?

    Don’t be confused by the government labelling deductions with extra words. Allowable deduction simply means a deduction that can be claimed. The industry you’re in and what your contract stipulates will drive which deductions are allowable.

  • Who can claim which deductions?

    Everyone who works in Australia and is an Australian for tax purposes qualifies for tax deductions. However, most of the time, the average Australia (who isn’t fluent in tax law), doesn’t know which deductions they are entitled to. Which deductions you can claim to depend on your employment contract and how your business is structured and whether you’re self-employed.

What job-related expenses are tax deductible?

You can claim lots of work-related expenses, so get creative! Expenses you can claim will depend on your industry, however, there are some expenses that are common ground for everyone.

To see what expenses you’re eligible for, here’s a list of deductible work expenses:

  • Vehicle and travel expenses

  • Firstly, there is a difference between work travel expenses and private work travel expenses. Unfortunately, normal travel tips between work and home are classified as private travel.

    However, you can claim vehicle repairs and other travel expenses directly connected with your work, such as work business trips (also, side note – if car troubles are keeping you off the road, we can help find a personal loan lender to fix that!). So, if your boss requires that you fly to Sydney for a conference, you can claim the cost back on your tax! In other words, you can have a fabulous trip to Sydney and save on your taxes.

    Here’s a breakdown of travel expenses that you can claim:

    • Cost of travelling between two separate workplaces
    • From your workplace to an alternative workplace. For example, a meeting with a client or running a workplace errand
    • If you work from home and are sometimes required to travel to a workplace
    • If you work at more than one site during your work hours
    • Cost of travelling when you’re workplace requires you to carry bulk tools that cannot be left in the workplace
    • If work requires you to travel away from home, you can claim it as an expense

  • Clothing, laundry and dry-cleaning expenses

  • Yes, you read that correctly. You can save on your tax by simply wearing clothes to work! Well, not just any clothes, you can claim a deduction on the cost of clothes that are occupation-specific, such as uniforms and protective wear.

    However, if you already receive an allowance from your employer for uniform costs, laundry or dry-cleaning, then you must declare that amount as income on your tax return.

    When it comes to deducting your work clothing expenses, here’s all you need to know:

    • You can claim work clothing that is occupation specific and is not considered everyday clothing. Such as chef uniforms, traddies and other professions
    • You can also claim for clothing and footwear that is required for protection. For example, safety coloured vests, protective footwear, fire-resistant and sun-protective clothing and other clothing to protect yourself whilst at work
    • The cleaning of your work uniform can also be claimed. That includes socks, shoes and stockings
    • You can claim the cleaning costs of work clothing if the amount is greater than 150 and if your total claim for work-related expenses exceeds $300 (not including car, meal allowance, and travel allowance expenses)
    • You can also claim the dry-cleaning of work-related clothing. To justify your claim, you must have written evidence

  • Gifts and Donations

  • Besides the obvious feeling of love and kindness you receive once you give to others in need, you can also save on your taxes! So, you can feel good about yourself, help others and also save money on the side, it’s the perfect combo. Any organisation that has a DGR (deductible gift receipt) means that you can claim your donation back on your taxes. All you have to do is ask for a receipt after you generously donate and, BAM, money saved and the love is spread!

  • Home Office Expenses

  • In some cases, you can claim deductions for bad-ass office equipment, like the latest MacBook or Samsung Galaxy. Using these devices at home for work purposes entitles you to tax deductions.

    If work requires you to work from home, you can deduct home office expenses. There is a range of office equipment you can deduct, such as computers, printers and telephones. You can also claim, heating, cooling, lighting, the costs of repairs to home office products and cleaning expenses.

  • Self-education expenses

  • More good news – if your work requires you to re-educate than you can claim the cost back on your taxes. If the course you select leads to a formal qualification then it is considered an allowable deduction. The course must:

    • Improve a specific skill or knowledge you require for work
    • Result in an increase of salary at your current work

    Unfortunately, if the course doesn’t relate to your current work, then you cannot claim it as a tax deduction.

  • Tools, equipment and other equipment

  • If work requires you to purchase tools to complete your job, you can claim a deduction for some or all of the costs (depending on the price of the tool). If the tool costs less than $300 you can claim the whole cost of the tool, however, if the value exceeds $300 then you can only claim a deduction for their decline in value.
    Unsure if your tool is deductible? Check this list:

    • Calculators
    • Computers and software
    • Desks, chairs and lamps
    • Hand tools and power tools
    • Protective items, such as hard hats, safety glasses, sunscreen and glasses
    • Professional libraries
    • Technical instruments

    And more good news, if the tool breaks down, you can deduct the cost from your taxes.

  • Other deductions

  • When you’re talkin’ tax deductions, a good rule of thumb is to assume that, if you spend your money on work expenses, you can claim it as a deduction. So, get creative! When you’re attending a work lunch, don’t forget to grab the receipt. If you need sunglasses because your job requires you graze in the sun, keep the receipt. If you’re unsure whether an expense is a deduction at the time of purchase, why not be on the safe side and grab a receipt!

  • Deductions for specific industries and occupations

  • For a complete guide to your profession’s list of deductible allowances, see the ATO website.

Tax Deductions and Students

If you’re studying, don’t worry, the government hasn’t forgotten about you. You can claim tax deductions too! As we’ve mentioned above, you can deduct the cost of your course if it relates to your work. For example, if you take a barista course and work in a cafe, you can most likely claim it as a tax deduction. If your course relates to your current profession, you and claim these tax deductions:

  • Course/tuition fees (Not including HECS/HELP)
  • Stationery and textbooks
  • Student service fees
  • Union fees
  • Amenity fees
  • Equipment depreciation and repairs (eg. laptops computer, printer, etc.)
  • Car expenses (if applicable)

That’s a lot of deductibles! So, if you’re work is hinting you should upskill, just think of the tax deductions. As always, remember to grab the receipt for any purchase whilst you’re studying.

Tax Deductions and Families

When you have 4 little rascals running a muck, needing more school uniforms and running into walls, tax deductions must be music to your ears. So, to help save money for the next family holiday, take a look at capitalising on these tax reductions:

  • Take a look at your medical costs
  • If you spend over $2,000 in medical expenses for the financial year (which is likely if you have 4 children who love to run into things!), then you can claim 20% back on tax!

  • Understand all the aspects of family tax benefits
  • If you are a low-income family, you can claim family tax benefits. The rates depend on how many dependents you have and whether you are a single parent family. Check out the rates at Centrelink. Or look at our information on centrelink.

  • Claim child care tax rebate
  • The childcare rebate is a complicated one and with the new changes purposed it looks to be getting even more so. You are eligible for the childcare rebate if you use an approved child care claim and are eligible for child care benefit (the tax rebate and child care benefit will soon be merged into a single payment) and meet the rebate Work, Training, Study test.

    The scheme can cover 50% of child care expenses up to the annual limit of $7,613 per child (will increase under the new scheme). So, if you’re a full time working family, then make sure you look at into the child care tax rebate to see if you can save on childcare expenses.

  • Take advantage of the superannuation bumper
  • If you’re a low-income earner, the government will help pitch in with your superannuation. Therefore, if you earn less than $31,920 and you contribute $1,000 to your super, the government will contribute another $1,000. So, plan for your future with the government’s help!

  • Get to know rent taxes
  • Own a rental property? Well, you can also save money on your taxes. You can claim the depreciation of the building and repairs on your taxes. It’s another benefit of owning a rental property. Don’t own a rental? We have some tips.

  • Claim all the car expenses you can
  • When it comes to taxes it’s time to pull out the binders and unleash the organiser! If you log all your car activity, then you can claim it back on your taxes.

Let’s be friends

Ultimately taxes are here to serve the people, they are used to provide healthcare, roads, education and so much more. But we all need a break every now and again, so keep track of your expenses this financial year for maximum savings on your taxes.

We also know that emergencies aren’t planned, and that’s where we come in! Have questions about our loan service? Simply hop onto our website and send us a quick message and our loan finding specialists will get back to you.

Want more of Quick Online Loans? Great! Follow us on Facebook, Instagram, and Twitter and also keep up to date with the latest personal finance and lifestyle trends via our blog.

Finding rental properties: The must-know guide for any renter

find rental properties

You’ve just received a promotion and your savings have never looked better. You look around at your tiny studio flat, and think “I can do better than this.” Then, it’s time to hit the rental market. To find rental properties, you must take on the challenge of scanning apps, newspapers and newsletter for properties.

Firstly, why rent?

In a housing market, where house and apartment prices in metropolitan cities have skyrocketed above-average incomes, renting has become the cheapest and smartest option. Whilst many of you might be masters of renting, there are plenty of people entering the market for the first time with very little knowledge.

So, let’s start with, what is renting?

Essentially, renting is paying the owner of the property to live in a house or an apartment. To rent the property, you must sign a lease. A lease is a contract between the landlord and the tenant (you). Being faced with a lease can be daunting, so here are a few things to look for when examining a lease:

  • The amount of rent and when to pay it
  • The length of the lease
  • What may occur if you don’t pay your rent on time
  • The rules to follow
  • Other costs you may have to pay (body corporate fees, energy, water etc.)

A lease may also show the cost of utilities. In some rental agreements, utilities are included in the rent! This means that the landlord takes care of these costs.

Typically a lease will last one year, however, some landlords offer 6 months. If you’re simply looking for a short lease, then some landlords also offer short stay leases.

The initial costs of renting

To find rental properties can be a challenge, and in addition, when you add on costs it can be an expensive experience. Entering your rental property may be costly, to begin with. There are several expenses to pay before you start your new life in your home. So, don’t be caught off guard with sneaky expenses. Here’s a handy list of costs to expect when you’re renting:

  • 2 weeks or 1 month’s advance rent
  • Bond
  • If you have a bad credit history, you may need to pay extra

To find a rental property, the initial costs can be steep. If your finances are not feeling flexible, why not apply for a short-term personal loan to cover bond.

How to find rental properties that are right for you

Single and ready to rent, but need a running mate

Looking for your first apartment can do daunting and the majority of young singles cannot afford to live alone. So, if you’re young, single and ready to rent, start by looking for the ideal roommate. To find rental properties can be a long and gruelling project, however, before you begin the process you have to face the challenge of finding the perfect roommate. Furthermore, to help ease this process along here are some tips for finding the ideal roommate:

  • Someone with excellent communication skills: Living together is a big change in an existing relationship. If your roommate is also your friend, it’s important to assess whether you can live with them. The idea of living with a friend may seem fun, however, it can be challenging if you don’t communicate well. Before popping the big question, see how you communicate in a social setting and ask yourself whether you can be honest with them when issues eventually arise at home. Find rental properties with someone who can communicate with ease.
  • Someone who can adapt: When it comes to living with a stranger or a friend, you have to learn to adapt and live with someone who can adapt. We all have our funny quirks that may push other people’s buttons.
  • Someone who is considerate: When you’re living in close quarters with another person, it’s important to remember all the decisions you make affect your roommate. Find someone who you know will be considerate of your space, and also the communal space. Before living together set a standard for how the communal spaces should be left after using them. Another good idea may be to set boundaries for private spaces.
  • Someone who is consistent: Everyone wants the pleasure of feeling safe and supported at home. So, it’s important your roommate is consistent and will always be there for you when you need. To find rental properties, you must be committed to paying rent and utilities, but you must also be prepared to be someone your housemate looks forward to coming home to. No one likes bad vibes at home.
  • Someone who is clean: Cleanliness is probably one of the most important aspects of finding the ideal roommate. This doesn’t mean you have to live with a clean freak! Just someone who wipes down benches packs the dishwasher and doesn’t leave all their clothes spread across the living room floor. Also, remember that your roommate’s room is their business, so don’t fret if it’s messy. Thank goodness for doors, right?
  • Someone who is respectful: To live together, you must respect each other. You are both sharing the burden of rent and bills, so it’s important to trust and respect each other. Respect their time by not demanding you both eat together every single night. Respect their space by not intruding. And simply find someone who is courteous of your feelings and will listen to you.
  • Someone who you feel comfortable with: Above all else, to live with someone, you must feel comfortable around them. If you meet a stranger and for whatever reason don’t think the roommate relationship would work, trust your instincts.

So, there you have it. The perfect recipe for finding the ideal roommate. Now onto to find rental properties!

Now, as much as we may love our friends, the idea of living with them has probably already triggered a migraine. That’s why there are services to help find a roommate that matches your requirements. Another option is to move into a share house with existing roommates. To help you decide here’s a handy list of apps to find solutions to all your roommate dilemmas:

  • Flatmates – to find share houses or team up with friendly like-minded other to put a share house together
  • EasyRoommate – Find your dream sharehouse in any major city in Australia
  • Roomster – One of the most popular, global, apps to help you find a flatmate or get sorted in a share house

Whether you’re moving out for the first time or wanting to save some moolah on rent, finding a share house or flatmate has never been easier!

Couples looking for a love nest

If you’ve reached that happy stage in your relationship where you’re ready to take a big leap, this is for you. Moving in together is certainly that leap. Aside from tying the knot, moving in together is a huge gesture of commitment. Instead of a marriage licence, you now have a year’s lease tying you together. It’s an exciting, yet daunting time for a lot of couples.

To help alleviate some of the stress here’s are some handy, essential tips for moving in with your beau:

  1. Before moving, declutter, declutter, declutter: Before beginning your new life together, it’s helpful to declutter and get rid of some of the baggage from your past life. Get rid of any unwanted clothes (if you haven’t worn a dress in a year – stop telling yourself you’ll wear it again). Set up some criteria when you’re decluttering. Designate piles for keep, sell, donate and toss. Gumtree, eBay and Facebook Marketplace are prime platforms to sell old, but the functional items.
  2. A fresh start, or moving into a familiar ground: A question most couples have to ask themselves is whether to rent a new place or move into the other’s apartment. There is no right answer to this dilemma. It’s all about communication and figuring out what is best for the next stage in your relationship together.
  3. Practise making decisions together: Moving in together is the start of a new collection of fights and disagreements. No sugar coating here. So, it’s best to prepare by practising making decisions together. Decide where you both want to live, how you want to budget, what style of decor you want. There can be an overwhelming pile of decisions to make, so start with the easy ones. Like, Front Loader or Top Loader?
  4. Learn to discuss finances with your beau: Moving in together introduces a new variable into your relationship: money. Learning each other spending habits may come as a shock, so it’s important to get fully acquainted before you moved in together. To get started with finances, create a personal budget together. Decide how much rent you can afford and go from there. It’ll be hard to hide your 2-minute noodle dinners when you’re sharing a kitchen.
  5. Communication is key: Have you noticed a pattern in these tips? Yep, you guessed it, it’s communication. Communication is key to a successful renting experience with your boo. It’s important, to be honest with your new roomie about how you’re feeling and when you’re not comfortable with a decision.

Hunting for a family castle

With the second child on the way, you and your partner are thinking it’s probably time to move out of your 2 bedroom house. Moving with a family can be tricky, but, it’s important to find the right home for your growing family. To assist in the chaos of a screaming 2-year-old and one on the way, here’s a handy list of tips to help find rental properties:

  1. Choose your type: Ask yourself: what type of home to do you want? Are you looking for outdoor space or an optimal location for commuting? Know your priorities and what you’ll sacrifice, as the likelihood of one house ticking all your boxes is slim.
  2. Find the right Neighborhood: Location, location, location. Renting a home is all finding the right neighbourhood for your little ones to grow up in.
  3. Convenience: If your new rental property comes with a commute, decide whether it’s something you could live with permanently. It may seem fine before you start, however, 3 months in, you could find yourself grumpy at the 1-hour commute.
  4. Suitability: When you’re hunting for a new home; think about your future family. Ask yourself questions, like is the kitchen large enough? Are there enough bathrooms to accommodate future newcomers? When you need to find rental properties for the future, it’s important to know how long you plan to remain in one place.

Applying for a rental property

So, you’ve scanned the rental market and learnt how to find rental properties. You’ve found the perfect place that suits all your needs, and all you have to do is apply. Applying for rental properties can be overwhelming, but with systems like 1Form – an online application system, applying for a rental property can be stress-free. To ease the process along, here are some must-know tips when applying for a rental property:

  1. Provide as many financial details as possible: It all depends on what type of property you’re applying for, but any landlord or agency will look favourably on applicants with steady employment.

  2. If you own a pet, be a responsible pet owner: Pet approvals can be tricky, as the landlord may have had a bad experience with pets. So, if you’re applying for a pet in your rental application, include a cute photo and a pet reference.

  3. Complete your application correctly: If there’s a time to detail orientated, it’s when you’re completing your rental application. Before submitting your application, make sure you have filled in other criteria to the best of your ability. At the inspection, ask the realtor if there is any extra information they would like you to include in your application. This elevates some of the back and forth emails between you and the agency.

  4. Bring your whole party to inspect the property: When inspecting your dream rental property, bring along the whole gang. Everyone who will live at the property should be present at the inspection.

  5. Follow-up on your application if you haven’t heard anything in 48 hours: It’s important to follow-up on your application, especially if you haven’t heard anything in 48 hours. Let the agency know you love the property and are excited to move in.

  6. Learning how to find rental properties can take years to perfect. Paying the initial costs of your rent can be expensive, especially if you need to finance your new home. That’s when quick personal loans can come in handy. That’s where WE come in handy. We are ready to match you with the right lender for your financial circumstances.

Want to hear more from the Quick Online Loans blog? You have your dream home covered, how about your dream job? Find out how to land your dream job on our blog!

A simple guide to landing your dream job!

dream job

Have a dream job taunting you through your long days in the office working towards someone else’s dream? It’s time you got what you deserve, don’t you think?

Do you have a friend who seems to have it all? The great job with people they really genuinely like? A salary that allows them to buy all the things that you only dream of? A great house? A skip in their step? Does life just seem easier for them, well you know what that can be you?

We spend 80% of our lives at work, and if you are not in a job you like or love then it is going to have an effect on other parts of your life. It’s inevitable, it’s how we as humans functions. Now we are not saying quit your job, take out a loan and just wait for a dream job to find you. We do however have some super tips on how to find the job of your dreams (and be the friend who seems you have it all).

The weird thing about finding a job is that even though technology has changed the world a few times, the way in which we hunt for jobs is still the same as it has been since like the 1970s. We hunt job sites, we call recruitment specialists, we put together a CV that shows all the things we have achieved. The reality is that there are so many ingenious and unconventional ways of getting noticed amongst the pile of people applying to work at dream companies like Nike, Red Bull or Airbnb who are offering the “the dream job” that will make your life that much happier.

Dr. Seuss, said it best and the same can be said for applying for a job, “Why fit in when you were born to stand out?”

Here are some of the unconventional ideas that can help you get that new job and make the changes that you want to improve your life (so you don’t have to resort to drastic measures lie take out a loan, or sell your car to make rent):

Constantly upskill yourself

Master your profession. It seems like an obvious thing to do, but you would be surprised to see how many people just know the basic information and never really take the time to constantly upskill themselves. This is particularly true when people reach managerial level, they no longer have to know how to do the “day to day” task because they have people who they have hired to keep the company running while they oversee things. Having skills will always win in an interview situation, you may be the most likable person in the world with enough charisma to share but if you don’t have the skills to back it up, you are not getting the job.

Don’t rely on your CV… too much

Summarising what you have done onto one or two pieces of paper is an archaic way of doing things, but the reason people do it is for the simple reason that we have all been doing it that way for a long time. The best way to show people what you have accomplished in your career is by doing exactly that, showing them. Create a portfolio that shows the work you are most proud of and the results you have achieved (people love to see good results and love results-driven people). A great way to put together a portfolio of work is through websites like Wix, who offer great templates that are easy to edit. Sharing a website is immediately more impressive than sharing a PDF, don’t you think? We do.

Focus less on money

Jen Welter famously said, “If you want to be successful in this world, you have to follow your passion, not your paycheck”. It’s a scary thing to think, but if you are really good at what you do there will be a company out there willing to pay for it, and it will find you. Find the work that makes your heart skip a beat when it works out, that gets you excited about starting the day because it’s a cliche but if you love what you do you will do better work. If you are always hunting for more money, a bigger more impressive title you will never really feel completely satisfied and fulfilled. Do what you want and love what you do, and the money will come, and you will never have to take out a loan like we mentioned earlier.

Keep your day job, for now

There are 24 hours in a day and anyone who has a full-time job has to commit roughly 8 hours of that day to their job, however, the time before and after work is yours to do with as you please, use it and use it wisely. Build up your portfolio, perfect your skills, study something that helps your future career. It doesn’t matter what your dream job is or if your dreams are of owning your own business. You are never too old to learn and you should never act like you know everything. The time after work could also be used to start building up a small customer base that will allow you to have some financial stability so you don’t have to take out personal loans when you do make the step towards opening your own business if that is your ultimate dream job.

Network with people

The longer you have been working, more often than not you will find out that the really good jobs, the one you are dying to have but are never listed on jobs sites. They are mentioned in coffee meetings, over specialised Facebook groups and in general conversation between industry thought leaders. In order to know the people who are having the right conversations, you need to be a part of the right conversations. Networking and knowing the right circles and the right people in the right circles doesn’t happen overnight. Start with going to some industry events, following some people tweeting about a certain thing on Twitter and take it from there.

Have realistic expectations

When you do get your dream job, it may not be everything that you expected prepare yourself for that. It takes time to settle in, understand how things are done, how new colleagues work and that comes with frustrations. Dream job does not mean cushy job. It was hard work to get the job of your dreams and it will be hard work to keep it. As with any job, not every day is all sunshine and roses. You need to be prepared for there being personalities that you clash with or certain tasks that you hate but have to complete. It’s all a part of the puzzle that makes the company you have dreamed of getting your job at the well-oiled machine that it is.

Now that we have shared some awesome tips with you to get the job of your dreams, it is up to you to put in the time and the effort required to be the best in the business. Work hard, stay humble and do things that you are proud to have your name attached to and you will be well on your way to having that job of your dreams, sail into your inbox.