The average Australian household spends over $15,000 per year on groceries, grog and gadgets. For just $70 you become eligible to get a 5% discount, which would net you over $700 in savings per year.
That’s a 900% return on ‘investment’!
Whilst that sounds too good to be true, it is not a trick or a scam. It’s my favourite saving tip, one I have been using for over a decade.
It’s probably been right under your nose
Since the late 1990’s I have been a fan of the Entertainment Book. For a small amount, about $40 from memory, I could get a book of discount vouchers to use at dining and entertainment venues. Even better, some of the book’s purchase price supported a worthy community group.
I could never understand the people who told me they didn’t get a book because they’d only use a few vouchers. It only took 2 or 3 vouchers to make your money back – any extra savings were pure ‘profit’.
With one group of friends, we’d organise ‘Entertainment Book Dinners’ both to ensure we got our money’s worth, and to ensure we explored new eateries in Perth.
Now you get discounted money!
And then they added the ability to pre-purchase gift cards at a discount.
OMG! This is the closest thing to a guaranteed investment return I can think of.
Every fortnight I pre-purchase a Woolworths Wish eGift Card at a 5% discount to the face value of the card. I pay $237.50 and get to buy $250 worth of groceries!
Over one year that alone saves me $325!
Better still the Woolworths Wish Gift Cards may be used at Big W, Dan Murphys, BWS, CellarMasters and some Caltex Woolworths.
Cheaper groceries, grog, gadgets & more
At my last count, there were 22 different gift cards I could buy discounted. Here’s some I copied from Entertainment’s latest e-mail or search if they have the stores you frequent.
Save $700 or more
Whilst every household is different, according to the ABS the average Australian household spends over $15,000 per year on groceries, grog and gadgets. (Source: ABS, Household Expenditure Survey, 2015-16.)
A 5% discount would save you over $700 per year. As you can see some of the stores offer larger discounts.
Most of that spending is predictable, so with a little bit of planning, you can save hundreds each year. Totally worth the effort!
For just $70
The Entertainment digital edition for a single city costs $69.99.
Of that purchase price 20% ($14) goes to a community group fundraiser.
If you don’t know of an organisation that is fundraising, no stress. After you select ‘buy membership‘ you will have the opportunity to search for your favourite local sporting group, school or charity.
Within 15 minutes of reading this article you can be saving money on this week’s essentials.
It’s a no brainer! Help your friends and family save too:
And if you’d like more tips on spending smarter subscribe to my weekly insights.
P.S. I buy my own edition and receive nothing by promoting the Entertainment app.