Why are you pinching your pennies? For a new car, an ensemble, a new laptop or just a fancy outfit? If your answer is travel, you’re not alone.
New research reveals that the majority of Australians who are saving money say the biggest expense they are working towards is a holiday.
Conducted by financial comparison site Canstar, the research found that three in five (57 per cent) thrifting Aussies are putting money aside for travel and holidays.
So throw a coin in the air and you’ll hit someone who’s saving for their next getaway (seriously, we do not suggest you actually throw a coin in the air … because coins are hard).
The survey polled over 6,500 Australian adults.
Meanwhile, Canstar has announced it has partnered with Virgin Australia’s Velocity Frequent Flyer to “help make holidays happen”.
Home loan AND a holiday?
As part of the deal, Aussies will be able to earn up to 500,000 Velocity Points when taking out an eligible home loan with a participating lender or mortgage broker.
With 500,000 Velocity Points, a family of four could fly economy return from Sydney to Los Angeles when booking Reward Seats. Or a family of four could fly economy return between Sydney and Fiji for 142,400 points plus $1,083.60 in taxes, fees and carrier charges, or 324,000 points.
“The increasing cost of living, and 12 rate hikes in 16 months, has impacted the holiday hopes of many Australians, particularly those with a mortgage,” Canstar Gold CEO Paul Duggan said.
“To help more Aussies take a well-deserved break, Canstar is proud to have teamed up with Velocity to give its members the opportunity to earn a stack of Velocity Frequent Flyer Points and potentially secure a lower interest rate on their home loan.”
Velocity Frequent Flyer General Manager Member Engagement Emma King says, “we know that the high cost of living is continuing to impact Australians, so we are proud to be partnering with Canstar to help people get to their dream holiday faster”.
“Providing great value is at the core of what we do, having recently announced the lowest domestic Reward Seat pricing of any Australian airline, allowing our 11.5 million members to fly for fewer Points,” she said.
“There are so many different ways for members to use Velocity Points, with the program connecting members to more than 500 destinations across Australia and around the world, as well as options to redeem with partners in homewares, technology, car hire and hotels.”
