We tackle the concept of "unexpected" bills that aren't actually unexpected at all, but rather irregular expenses we can and should plan for to avoid financial stress and debt.
• One in three Australians couldn't cover a $500 emergency without borrowing money
• The average Australian household spends over $1,200 annually on "unexpected" bills
• Car costs average $10,000 per year—nearly $200 weekly for registration, insurance, servicing, and fuel
• Health expenses average $4,000 per year for the typical Australian household
• Homeowners spend approximately $5,000 annually on repairs and maintenance
• Australians waste $660 yearly on unused subscriptions
• The average household spends $1,200 on Christmas each year
• Almost half of Australians have less than $3,000 in savings
• Creating dedicated savings "buckets" for each category transforms financial stress into confidence
• Automating just $20 weekly builds over $1,000 in 12 months for irregular expenses
Grab a notebook, write down five irregular expenses that have blindsided you in the past, then set up a dedicated fund for just one of them. Automate $10-20 weekly transfers to build your fund, then gradually add more categories over time to go from reactive to proactive with your finances.
🎯 Connect with Oscar: @oscardonproperty
🎧 Enjoyed this episode?
Follow us on Instagram @zekeguenthrothofficial @oscardonproperty and @assetroad for daily insights, property breakdowns, and behind-the-scenes updates.
Explore more at www.assetroad.com.au
Disclaimer:
The information provided in this podcast is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Asset Road Pty Ltd recommends y
🎧 Enjoyed this episode?
Follow us on Instagram @zekeguenthrothofficial @oscardonproperty and @assetroad for daily insights, property breakdowns, and behind-the-scenes updates.
Explore more at www.assetroad.com.au
Top 10 Finance Podcasts in Australia on Feedspots ranking- https://podcast.feedspot.com/australian_personal_finance_podcasts/
Disclaimer:
The information provided in this podcast is general in nature and does not constitute personal financial advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the advice, having regard to your own objectives, financial situation and needs. Asset Road Pty Ltd recommends you seek independent financial, legal, taxation or other advice as required. All investments carry risk. Past performance is not indicative of future results.
