Bill Woods is joined by Dan Jovevski, Finance Expert, CEO of WeMoney & former banking and loan manager at one of the big four banks, who knows what makes banks tick.

Mr Jovevski reveals to Bill five simple ways you can save money on your financial products and explains how banks rely on the ‘lazy tax’, to help maintain their customer base.

1. If you have a mortgage, now’s the perfect time to shop around. Multiple lenders are offering cash sweeteners up to $5000 to entice new customers.

2. Negotiate with your lender, and if they don’t play ball, call their bluff, and threaten to walk. Nine times out of 10, this will result in a counteroffer.

3. Check your mortgage and saving accounts’ fees and charges, plus the small print.

4. Pay your monthly credit card balance in full.

5. Use comparison sites and apps like WeMoney to find the best deals. All the hard work is done for you.

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