How to relieve cost-of-living pressures
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Rises in the cost of living during 2022 have put more pressure on household budgets heading into the Christmas–New Year period.
An RACQ survey found 40% of respondents were not confident in their financial position and had no savings to fall back on in a year that has seen the cost of groceries, electricity and fuel rise as well as interest rate increases that have impacted home mortgage repayments.
With the survey finding 56% of participants considered the festive season to be a burden, RACQ members are reminded they can use RACQ Member Benefits to access discounts for products and experiences from a wide selection of program partners.
Many of these discounts can help ease day-to-day living costs, including 4% off Woolworths Supermarket eGift cards*, 5% off BIG W eGift cards* and a saving of 4c per litre on fuel at participating Caltex service stations#.
RACQ Member Benefits has recently undergone an enhancement with more exciting discounts from additional partners available.
RACQ Group Executive Banking Michelle Winzer said the holiday season should be a happy time with family and friends and encouraged Queenslanders to consider their finances.
“It’s been a tough year for many people with the cost of food, fuel, and electricity increasing substantially,” Ms Winzer said.
“We know this is the time of year when we get swept up in the spirit of giving and start spending beyond our means.
“Gifts, decorations, transport, accommodation, and food can add up quickly, and you end up spending more than you can afford.
“Try to have a conversation early with your loved ones and set a budget you’re comfortable with.”
Save in a range of ways, every day with RACQ Member Benefits. Find out how.
The information in this article has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained in the document is general advice and does not take into account any person's particular investment objectives, financial situation or needs. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives, financial situations and needs.
*Offer and discount terms and conditions apply. Visit racq.com or click on the links above for details. Retail partners, offers and discounts may change at any time without notice.
#Conditions apply. Offer available at participating Caltex and Puma Energy service stations. Visit racq.com/caltex for details.
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Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
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RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.