ARE YOU PAYING TOO MUCH ON YOUR HOME LOAN?
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September 6th, 2022 by igniite
How Aldi can help you as mortgage rates increase.
As consumer budgets tighten, more people might be looking to pocket some savings.
Food is the second-largest household bill after either a mortgage or rent.
With mortgage payments now rising significantly, too, it is going to be more important than ever to save a few bucks where you can at the supermarket.
This year (2022) Aldi has commissioned new YouGov research, which found that groceries (51 per cent) and petrol (59 per cent) were the top two categories of cost-of-living concerns for Australians.
Aldi’s 2022 Price Report, released and based on data analysis by PricewaterhouseCoopers, found that an Aldi grocery basket compared to name brands at its competitors, is up to 25 per cent cheaper, which would be a $2468 annual saving on a grocery bill of $192 per week.
But what if you found this spare cash for 10 years and invested? How would that look? We’ve crunched the numbers here on a compounding calculator.
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