As the cost of everything just keeps going up, we're all looking for every opportunity to be practise mindful shopping and be more money-conscious: spend less, save money and make the most of every we dollar spend.
While it makes sense to avoid purchasing something unless (and until) you actually need it, other times we don't have much of a choice on purchase timing. It's all well and good if you don't need an item or service immediately, so you can put it on layby, wait for it to hopefully go on sale, or buy it when your bank balance is looking a bit healthier.
But, when your toaster dies, you need a last-minute gift, or you have an upcoming job interview to dress for, it won't do you any good to be ill-prepared.
Stretching your dollar can make a huge difference in managing your budget and cash flow, especially to ensure that you have enough funds to cover your most important expenses – like rent payments. And every dollar you save could be put towards another expense, paying down your credit card debt, to boost your savings or for adding to your investment portfolio.
That's why RentPay decided to team up with our shopping rewards partner, Paylab: to make your money work harder for you!
There are some things we can't avoid or delay purchasing, but Paylab shopping rewards gives you a way to save money every time you shop.
Paylab is an innovative app-based platform designed to help you save on everyday purchases.
With exclusive savings at top retailers and instant rewards, Paylab empowers you to stretch your budget further, manage your finances, and enjoy more flexibility in your spending.
With Paylab, you can earn shopping rewards at more than 100 top retailers across Australia, both in-store and online, saving up to 15% in discounts. You can even send digital gift cards friends and family members!
Examples of shopping categories and retailers available in Paylab include:
View the full Paylab retailer list.
Top tip: Paylab has regular special promotions with retailers throughout the year – offering over and above the usual discount – so make sure you keep an eye out for them!
Shopping rewards can be a real budget-saver and, over time, the financial savings can really add.
Once you've joined Paylab, you can buy instant digital gift cards at a discount via the Paylab app. Simply select a retailer and enter the preferred amount, and within seconds you'll receive the gift card you can use straight away.
Every time you make a purchase through the Paylab app, your account will be automatically credited with your shopping rewards (savings received from purchasing a discounted gift card).
These rewards are immediately available for use across the Paylab platform – apply it to your next purchase, put it towards a Paylab reward partner, or make a tax-deductible donation to charity.
Top tip: RentPay users have the option to transfer their Paylab savings into their RentPay wallet, which could be used towards your rent, bond or utilities payment.
You might not notice how much you're saving as you make multiple purchases and with different retailers. So, we've put together a table to show you an example of how much Paylab users are saving with shopping rewards.
In the below scenario, we've taken an average Australian household's weekly spend on typical expenses and purchases of goods and services. See what you could be saving – per week and per year – by shopping smarter and earning Paylab shopping rewards.
Discover how Paylab can help you save on your little (and big!) expenses, helping you work towards achieving your financial goals.
To get started with Paylab and earn shopping rewards, you'll need to be a RentPay user to join Paylab in your RentPay account via app or web
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