Whilst it sounds like fairly unkind term, it’s used to describe the extra money people pay on goods and services because they don’t shop around for a better deal.
Research conducted by the Queensland University of Technology in 2015, estimated that Australians were paying approx. $ 11.6 billion in ‘lazy tax’ per annum by not shopping around their banking, insurance, grocery and utilities providers.
Wow…..that seems to be a lot of extra money being spent unnecessarily, particularly as budgets become tighter. Funnily enough, it was also found that whilst 50% of Australians had seriously considered switching providers in these areas, less than 25% actually followed through.
Let that one sink in for a sec...
Reviewing these types of expenses can be really tiresome and it’d be fair to say that most of us would be guilty of procrastinating on this front. The fact is, there’s so many reasons why we continue to pay more than we should ……we’re too busy to do the research and it’s a hassle, there are too many options, we don’t really understand how it all works (so we don’t do anything)..….or as a valued client of a particular provider, we think our loyalty will be rewarded (!!!)
That’s the great thing about using a Finance Broker - you can leave all that hard work up to us.
We’ll do the heavy lifting when it comes to looking around for and negotiating you a deal.
We’ll compare lots of different options and find one that suits you.
We’ll find out if your current lender or bank is giving you a good, competitive deal.
We’ll give you the information you need to make an informed decision.
We’ll give you simple explanations and answer all of your questions in an uncomplicated and logical manner.
And….we’ll find a lender that can cater to your individual situation and provide flexible options for you where needed.
Saving you time, saving you money. If we can help, don’t hesitate to get in contact.