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Spring carnival is just around the corner which signals the start of the silly season, otherwise known as the time of year when budgeting and money related common sense goes out the window.
Particularly here in Melbourne, heading to the races is a yearly right of passage when the weather finally warms up after a long winter.
Many savvy savers resort to an all or nothing approach, convinced that it’s impossible to partake in race-related activities without spending a truckload of cash.
Well are we about to come to your rescue or what! The penny pinching team here at Rising Tide has come together to offer you their top tips for enjoying the Spring Carnival festivities without blowing the bank.
Sam Jewell, Financial Advisor: You don’t have to go to the carnival to enjoy the races. Get your mates together for a barbeque, set up the big screen and get amongst the festivities at home.
Amanda Vallis, PR & Marketing Manager: Get your outfit from an op shop! If op shopping conjures images of dust covered racks and puffy sleeved frocks you’ve got it all wrong! Op shops are your friend, particularly when it comes to racing season. For whatever reason, people generally don’t like wearing the same fascinator two years in a row so if you go searching, you’re bound to uncover a great hair accessory that was probably only worn once!
Matt Hale, Financial Planner & Director: Drinks are the silent (wallet) killer. It might be tempting to knock back one after another when you’re caught up in the spirit of the occasion, but it’s really not worth it. Try having a few drinks at home before you go and limit the number of drinks you buy when you’re out.
Chris Browne, Founder & Director: Take cash and your Myki. Once your cash is gone, it’s time to head home. Don’t open up the opportunity for you to give in to the temptation of using your debit or credit card.
Alison Wright, Client Services Manager: Don’t buy a new dress, just update your accessories to give it a fresh feel. Op Shops or chain stores like Diva can add new sparkle to your outfit in no-time with minimal cost.
Claire Courtel, Client Services Manager: Borrow from your friends! There really is no need to buy a new dress, especially if like me, your mates have good taste! Hit them up for a loan and promise to dry clean the dress once you’re finished with it.
Chris Browne is a finance expert and financial planner who is dedicated to helping people “say yes” to the fun things in life. He is available to talk through any of the above on behalf of the Rising Tide team. Please contact him on 0423 462 142.