Three simple questions to ask yourself before you buy

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21 August, 2019


We've all done it. Bought something we later regretted because we didn't really need it.

The AfterPay logo seems to be everywhere, along with other so-called 'buy now pay later' products. You've heard it from sales assistants offering alternate ways too pay. Before you do, there are a few simple few questions to ask yourself about what you're about to buy?

1. How much do I really like it? Is this a necessity that will be beneficial for me and my household? 

Stopping to think about whether you really like the item, and how it will add to your life might help put it in perspective for you!

2. How long have I been thinking about this purchase? 

If you've been researching the product or thinking about it for a while, you're on your way to a good decision. You could also ask, 'Would I make this same purchase in 24 hours?' These questions help us reduce spontaneous decisions that we might later regret.

3. Do I have enough money to buy this today, which won't impact on my bills or payments? 

If it's a stretch and you're reaching into next week's groceries, today is not the right time. Is there a way to save up instead?

"I often feel like I need to have the next best thing whether that be the current fashion fad or new gadget. However I've taught myself not to get caught up in it - a skill that has saved me so much money! Whenever feelings of urgency to buy "it" arise, I wait one day. 9 out of 10 times these feelings of urgency subside and I end up feeling better for it having saved the money and not made an unnecessary purchase" - Hannah

The Salvation Army's Monecare program encourages you to go on a buying reflection journey. Have a goal in mind like steering away from AfterPay and using it less, spending less online this month, or start saving for Christmas! Whatever it is, asking yourself a couple of questions before you buy something goes a long way in removing regret!

(Article sourced from The Salvation Army's Moneycare's "You're the Boss" Program)

For extra help with your goals, get in touch with a financial counsellor. They're free, independent and confidential.

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Pepperoni, pineapple and Payments - How do you serve your budget pizza?

Imagine that you have invited 10 guests for pizza night. You go to the freezer, take out a pizza and look at the box, it says Serves 8. Your stomach drops, you don’t have enough pizza. What do you do?

You think, ‘I can make this work’. You cook the pizza, take it out to the table and start to slice. The pieces are all different sizes. You cut 9 slices and realise there is not enough pizza. You are willing to miss out, but one of your guests is going to miss out too. Who will it be?

You start to pass the slices around the table. Some of your guests are pleased with their slices, others are confused. One guest bangs their fist on the table demanding more pizza because they didn’t get enough. One guest snatches another guest’s slice before it can be placed on the table. The guest who doesn’t receive a slice just sits there staring at you, the following day they text you demanding 2 slices the next time they see you.

Your guests are like creditors.

Creditors are expecting a certain amount from you each week, fortnight or month and if they do not get this amount and you do not explain why, things can get messy.

The important thing to know about creditors is that they understand there are times when you do not have enough to go around. Creditors have trained teams of people to assist when this happens. Therefore, it is important to be up front and honest with your creditors about what has changed and how this change has affected your circumstances.

Do not hesitate. There are more options available to you, the sooner you take action.

If you would like to speak to a Financial Counsellor to discuss your options further, call the National Debt Helpline on 1800 007 007 or search for the National Debt Helpline on the Affordable SA App.

By [Sam](


Don't get your wires crossed when paying for electricity

If you have contacted an energy retailer in the past, chances are that the sales person would have offered you either a standing offer or a market offer contract. A market offer contract is set by the energy retailer and is designed to lure you in with competitive discounts. Whereas, the standing offer is a basic ‘bread and butter’ contract with no discounts that can often be more expensive than the market offer contract. In many cases, customers are unknowingly put on a standing offer contract once their market offer contract expires.[1]

In July 2018, the Australian Competition and Consumer Commission (ACCC) published the Retail Electricity Price Inquiry Report, which stated that consumers found the electricity retail market confusing and difficult to navigate.1In response to the 2018 Inquiry, the Australian Government introduced The Default Market Offer (DMO). The DMO is an electricity tariff set by the Australian Energy Regulator that acts a price cap for energy retailers. It was introduced to assist customers that were disengaged from the energy market and were subsequently paying higher energy costs on standing offer contracts as a result.[2]

What does this mean for South Australian Households?

In July 2019, customers on standing offer contracts were automatically switched to their retailer’s DMO, prompting a future saving of up to $171 per year for South Australian residential customers. With the change to DMO prices, it is estimated that the average South Australia household on a single rate tariff (4,000 kWh/year) will pay no more than $1,941 per year for their energy.2

Although the introduction of the DMO will provide some relief for South Australian households, it is important that customers do not become complacent and accept rates and discounts at face value. To ensure they are receiving the best available deal, customers should regularly contact their energy retailer and discuss the following:

· Are discounts being applied to both supply and usage?

· Am I eligible to receive the ‘Pay on Time’ discount even if I pay in instalments?

· Am I receiving the best deal/discount available?

· Am I locked into a contract that would cost money to get out of?

· Are SA Government Concessions being applied to my electricity account (if eligible)?

Discounts offered by energy retailers are not the same as SA Government Concessions. If you hold a concession card, or you have recently changed energy retailer or moved house, call Concessions on 1800 307 758 or search for Concessionson the Affordable SA App or website for more information.

For more information regarding gas, electricity and water look under the [Utilities]( section on the Affordable SA App and website.

By [Sam](

[1]Mullane, J. (2019) ‘Default Market Offer (DMO) Explained’, Canstar Blue, 27 June. Available at: 26 August 2019)

[2]Gudova, M. (2019) ‘Energy regulator reveals savings for customers paying most’, Canstar Blue, 30 April. Available at: 26 August 20219)


Lets talk about Tax Help

A lot of people find lodging their tax return a little overwhelming. Whether it is your first time dealing with tax or you are running a business and can't afford to pay for professional help, even if you're new to the country and don't understand the expectations of the tax system, there is help available that can save you falling into a lifetime of tax anxiety.

The ATO has several Tax Help programs that can help you for free. All across Australia the ATO in conjunction with a range of community centres, Universites and organisations, have registered and accredited volunteers or supervised students and Tax presentations to help.


Tax Help is a network of ATO-trained and accredited community volunteers who provide a free and confidential service to help people complete their tax returns online using MyTax. Tax Help is available from July to October in all capital cities and many regional areas across Australia.

You are eligible for Tax Help if your income is around $60,000 or less for the income year and you did not:

•work as a contractor, for example a contract cleaner or taxi driver (have an ABN)

•run a business, including as a sole trader

•have partnership or trust matters

•sell shares or an investment property

•own a rental property

•have capital gains tax (CGT)

•receive royalties

•receive distributions from a trust, other than a managed fund

•receive foreign income, other than a foreign pension or annuity.


The National Tax Clinic program is a government-funded initiative to help people who may not be able to afford professional advice and representation with their tax affairs.

This program is available to eligible individuals, small businesses, not-for-profit organisations and charities.

The ATO supports this initiative but the tax clinics operate independently from the ATO. UniSA has been funded to run the tax clinics and are available in the Adelaide CBD and Hackham West campus.

Qualified clinic managers supervise students, studying tax-related courses, to provide free tax advice and support at the clinics.


The ATO offers presentations to increase people’s awareness about Tax as is relevant to their circumstances.

The sessions they currently have planned in SA are available at