In practical terms, the Business Services category is not a large spending category for individuals and so it’s not really an area that most people will look at to reduce their spending. However, we’ve outlined several suggestions to reduce spending in this area below.
Postage & Shipping
For the majority of people this will be a relatively minor area of spending. However, if you are spending a lot on Postage & Shipping consider these options:
- Optimise your packaging – the smaller and lighter your item the cheaper your postage will be
- Consider your delivery times – save Express Post for occasions when it really is required. Using it all the time will be expensive
- Consider franking your post if you are posting letters
For the majority of people the spending that ends up in this category is for things like home office stationery and computer consumables. They key to squeezing spending on these things is:
- Plan and research your spending – spending in a hurry is almost never cheap
- Research and compare prices – especially if you are regularly buying the same expensive things like printer ink or toner
- Buy when things are on special – look online for specials or use online catalogue site lasoo.com.au
Training & Workshops
Most people have so little spending in this category that it will not be an area of focus. However, if you are looking for training or personal development opportunities there are some money saving opportunities on offer. We’d suggest you look at the following options:
- TAFE NSW Fee Free Courses
- TAFE Victoria Fee Free Courses
- TAFE Queensland Fee Free Courses
- TAFE South Australia Funded Courses
Legal & Professional Services
Most people have so little spending in this category that it will not be an area of focus. If you regularly incur or are about to incur Legal and Professional Services we suggest you:
- Clearly define the services your are looking for – the better you can define the services you need the more likely you will be able to get an accurate quote for the services
- Shop around for the services – contact several providers of the services you are looking for and get quotes for the services. Don’t be afraid to negotiate – even professionals will often negotiate on their services
- Consider contacting the relevant professional association for an indication of likely fees and referrals.
- For legal services you can contact the Law Society of NSW, the Law Institute of Victoria, the Law Society of Queensland, the Law Society of South Australia, the Law Society of Western Australia, the Law Society of the Northern Territory or the Law Society of Tasmania
- For accoounting services you can contact the Institute of Chartered Accountants, the Society of CPAs or the Institute of Public Accountants
This summary has been prepared by MoneyBrilliant Pty Ltd (AFSL 492711, ACL 493068). The information in this summary is of a factual nature only. We are not suggesting or recommending that you take any particular course of action in relation to any financial product or service. It does not take into account your personal circumstances or objectives. If you need financial advice or taxation advice you should seek advice from a licensed financial adviser or tax agent. You may also be able to access additional information from the websites of the Australian Securities and Investment Commission (ASIC) and the relevant product providers.