The iPhone 4

You can't always just earn money or save money but not spend money! You have to be smart about saving, you have to be smart about spending too!

I have recently bought an iPhone 4 and it is only cost me less than $300 while the original price are $859!

How I did it?

I have a 3GS before and decided to give it to my friend's brother! in return I am using my friends phone which is a 3G phone, and at the same time I am trying to sell that 3G phone for him!

Found a buyer that willing to paid $300 for it! and my friend paid me $260 for my 3GS phone! in total I received $560!

I found the phone online ( similar like eBay ) and bargain with the seller and  he agree to sell it to me for $850

Do the calculation people :)

My new toy!

The interest rate

You work hard for your money, so in return your money should work hard for you too! But how?

Well, you need to do your homework and the easiest way to let your money work hard for you is to put it in a bank that offer high interest rate!

Institution Product Maximum Interest Rate p.a. Standard Variable Rate p.a. Pay Anyone¹ 24/7 Phone Support² UBank USaver 6.51% 6.01% Y Y ANZ Online Saver 4.50% 4.50% Y Y Bank of Queensland WebSavings Account 0.01% 0.01% Y ($0.65 fees) N Bankwest Smart eSaver 6.00% 4.50% N N Bankwest TeleNet Saver 6.15% 4.50% N N Commonwealth Bank NetBank Saver 6.00% 4.50% N Y ING DIRECT Savings Maximiser 6.25% 4.90% N Y Macquarie Bank Macquarie Cash XL 4.50% 4.50% Y N RaboDirect High Interest Savings Account 6.40% 5.00% -- -- St George Bank Directsaver Account 6.15% 4.60% N Y Suncorp Bank Everyday Options Sub-Acc 4.75% 4.75% Y Y Westpac eSaver 6.00% 4.25% N Y nab iSaver 6.00% 4.25% N Y

Information accurate as at 17 September 2010. Source: CANSTAR CANNEX 


You don't have to be royal to your bank! Whoever offer you the highest rate just go for it. I was with ING before but now I am UBank customer. They even provide you a saving calculator that will show you the period of year you need to save to reach your goal.

So - what are you waiting for? Does your bank let your hard earn money work hard for you? If the answer is no...you know what to do!

The Saving

Ok, obviously you won’t think that I will make a million dollars just by selling my junk. If anyone that have a million dollars worth of junk, he already is a millionaire. 

Benjamin Franklin quotes: a penny saved is a penny earned, so to become a millionaire, it is not about how much money you made, but how much money u saved. 

Saving money doesn’t mean that you have to live cheap; all you needed to do is to be smart about it. 

I never have a credit card; it means that I never have to pay high interest, and I don’t have a bank loan or never in any debts.

I don't buy cheap thing! I buy thing cheap!

I only put petro on Saturday or Sunday because there are the cheapest throughout the week.

I love going out for movie, but won’t do it as often these day, instead I will rent a DVD, and it is still enjoyable!

I only eat out twice a week (as a reward for working hard), and normal day will eat at home, and normally I will cook a bit extra so that I can bring it to work as my lunch the next day. You can save a fortune by doing that. SERIOUSLY!

There is just some of my saving tips that work for me, I am sure everyone can figure out a way to save money without losing the value in life. Remember, work hard! Play harder! Remember to be smart about it, enjoy life! Live life!