Saving is the new spending

Richard Denniss, chief economist at The Australia Institute, co-authored the book: Affluenza: When Too Much is Never Enough. Mr Denniss said Australians have a love affair with overconsumption and spending for spending's sake.

Now a growing number of people are trying to save as much of their income as possible and spend as little as possible. Rachel Botsman co-authored What's Mine is Yours: How Collaborative Consumption is Changing the Way We Live and recommends savers look at social networks to swap, trade, rent and barter for goods.

Check out info choice’s savings account listings for a great product that suits you and your style of saving.

Source: The Age