Beat the heat, cheap, keeping costs down while staying cool

Beat the heat, cheap, keeping costs down while staying cool

Summer in Australia can be tough, doubly so when you’re hit with a surprise heatwave. When the temperature starts climbing towards 40°C and up, staying cool and well-hydrated is a must.

While the simplest way to stay cool during a heatwave is to invest in an air conditioner, it’s rarely the cheapest option available, both in up-front and running costs.

Here are some tips to help you stay cool in summer without spending a bundle:

Stay in the shade

Why do garden greenhouses get so hot? It’s because the glass lets sunlight in to warm up the air inside, but doesn’t let this hot air escape. 

The same principle applies when it comes to your home’s windows during the summer. If the hot sun is allowed to shine into your home, the indoor temperature may rise. If this hot air isn’t allowed to escape, your home may quickly grow uncomfortably warm.   

One option to consider is covering your windows with shades, shutters, blinds, tinting or curtains during the day, keeping the sun’s rays outside and limiting their impact on your home’s temperature. These coverings can be removed at night to prevent them from insulating your home and locking too much warmth indoors.

Make smart use of cross-ventilation

A ceiling fan, desk fan, or upright fan may be relatively inexpensive to buy/install, but may not be able to beat the summer heat all on its own. While the indoor breeze from a fan can feel refreshing, simply moving your home’s hot air around does nothing to lower the temperature.   

One option is to open some of your doors and windows, allowing air to flow in through one opening and out through the other. This cross-ventilation, encouraged by a running fan, can help to move the warm air out of your home and bring cooler air inside to replace it.

This of course assumes that the air is cooler outside your home than inside – it may be worth waiting until night-time, when things have cooled down, to put this strategy into action.

Mind your energy usage

There are two reasons to consider limiting your use of electronics and appliances in the hottest days of summer – heat generation and running costs.

Everything in your home that runs on electricity generate a small amount of heat as a side effect. While some gadgets and household appliance produce more waste heat than others – your laptop likely runs hotter than your radio, for example – the combined effect of a household full of electronics can mean a warmer than average household, which is exactly the opposite of what you want in the summer.

If unplugging your electronics isn’t a viable option (some gadgets use energy and generate heat even in standby mode), it’s important to estimate their electricity usage, calculate their running costs, and work out where you can change your usage habits to cut costs.  

Working out the approximate running costs of any appliance involves finding its wattage (often included in the manual or specifications sheet), adding up the number of hours it’s typically used over a length of time (day/week/month/year), then comparing this to the cost of electricity in your area (check with your energy provider).

Stay dry

Sometimes it’s not the heat, but the humidity that bothers you in summer, especially in Australia’s more tropical regions. In cases such as these, a dehumidifier could be useful for removing excess moisture from your home’s air, while also being relatively inexpensive compared to an air conditioner.

Not only can a dehumidifier help make tropical summers feel a bit less sticky, but drying out your home can help to discourage the growth of mould and mildew, which is good news for allergy sufferers.  

Keep in mind that while a dehumidifier can help to keep you dry, it won’t necessarily help to cool your home down – in fact, dehumidifiers often emit a small amount of warm air as exhaust.

Run your aircon efficiently

If you do own an air conditioner, it’s important to be realistic about what it can do, and to avoid using excess energy trying to achieve the impossible.

Smaller portable air conditioners, while cheaper than bigger split systems, tend to do their best work in smaller rooms, so don’t expect your little chiller to efficiently cool your large open-plan home. Also, their exhaust needs to be vented efficiently to get their best performance, which could limit their usage to rooms with windows that fit the exhaust hose.

Even the large split systems can use way more energy than required if not run smartly. For example, setting too low a target temperature compared to the current conditions (e.g. setting it to 20°C on a 40°C day) can mean the aircon will run its motor at full blast trying in vain to compete with the nigh-unlimited power of the sun.

The Australian government’s Energy Made Easy website recommends setting an aircon temperature of 26°C in summer to take the edge off your home’s temperature, rather than trying to turn your home into a walk-in fridge. This is a far more achievable goal for an aircon, and can help limit its energy use and wear and tear on the motor over time.

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Can foreigners open bank accounts in Australia?

Many Australian lenders allow foreigners to open bank accounts in Australia. Often, this can be done before you arrive in the country – with no Australian address required. When you get to Australia, you can pick up your debit card, using your passport as identification.

What do I need to open bank accounts online?

Opening a bank account online is a simple process and only takes between five to 10 minutes to complete. To get started you will need a computer or smartphone with internet access.

Information to have available when you’re ready to apply is:

  • Identification (such as driver’s licence, birth certificate, passport, proof-of-age card)
  • Tax file number
  • Residential address, email and a contact number

In some cases, you might be asked to provide employment details. If you’re not able to verify your identity online, most financial institutions let you provide this in the branch at a later date.

There are some types of bank account that you can apply for only in a branch. However, most bank accounts can be applied for conveniently online.

Can you find your bank account number online?

If your bank offers online services, you should be able to find your bank account number online by logging into your account on your bank’s website and checking your details there.

Keep in mind that each type of account you have with a bank comes with a unique account number. This means if you have a bank account as well as a savings account, for example, your bank account number and your savings account number will be different.

If you don’t have access to your bank account online or can’t login, you should be able to find your account number on a mailed bank statement, if you have one.

Alternatively, you can call your bank’s customer service number or visit a branch to retrieve your account number.

How do you find a bank account number by name?

For privacy reasons, Australian banks won’t hand out account numbers or other details about their customers. However, if you provide a bank with a BSB and account number, they should be able to confirm if those numbers belong to one of their customers.

How can you cash a cheque without a bank account?

You can cash a cheque without a bank account if you visit the bank that issued the cheque. For example, if somebody sends you a cheque from Bank X (as written on the cheque) and you visit Bank X, it’s likely that Bank X will let you cash the cheque – provided the person who wrote the cheque has enough money in their account. Bank X would probably charge you a fee for the service.

How to transfer money to another bank account

Transferring money to another bank is often called a bank transfer, and it can be done a few different ways.

Customers generally need three pieces of information to transfer money to another bank account. Customers need the account name, BSB and account number of the account they wish to transfer money to.

One way of transferring money to another bank account is in a branch with the help of a staff member; they will often give you a receipt as well as confirmation of the transfer.

Transfers can be also made via internet banking and phone banking.

Some banks also allow customers to make transfers via partnered ATMs, especially if the account is with the same bank.

How do you delete your bank account from PayPal?

Deleting your bank account from PayPal is a simple three-step process:

  • Go to your Wallet
  • Choose the account you’d like to delete
  • Click ‘Remove bank account’

How do you deposit change into your bank account?

One way to deposit change into your bank account is to visit a branch. Many lenders will also allow you to deposit your change through one of their ATMs.

How do you transfer money from PayPal to a bank account?

Transferring money from PayPal to an Australian bank account is simple. Just follow these three steps:

  • Go to your Wallet
  • Click ‘Transfer Money’
  • Follow the instructions

The money will take three to seven business days to reach your bank account.

Once you’ve made the transfer request, it can’t be withdrawn.

Are bank accounts frozen when someone dies?

Yes, Australian bank accounts are frozen when someone dies. If you want to close the account of somebody who has died, you might have to provide proof of death and a copy of the will. You might also have to prove your relationship to the deceased person.

If you have a joint bank account with somebody who has died, you will generally be entitled to all the money in the account. Again, you might have to provide proof of death if you want to change the bank account from a joint account to a one-person account.

Can I open bank accounts for my children?

A common question for new parents is, ‘Can I open a bank account for my child?’

The short answer is yes – as a parent you can open a bank account for your child.

Once you’ve compared your options and found a bank account that suits your needs, the process is relatively simple.

As the bank account is for your child, you’ll need to provide some documentation such as proof of ID, including your tax file number.

You will also need a copy of your child’s birth certificate, and in some cases you may also need to sign a guarantee of indemnity.

Depending on the bank and whether you’re an existing customer, you may be able to open a bank account for your child online. However, you may still need to go into a branch to prove your identity.

Can you get a payday loan without a bank account?

Yes. Some payday lenders are willing to transfer loans to prepaid debit cards instead of bank accounts.

How do I close my bank account online?

You can usually easily open a bank account online, but you often can’t close it online.

Many banks and credit unions will only let you close an account if you go into a branch or call them on the phone.

However, some banks will let you request to close the account via your internet banking. Check your financial provider’s website for details.

Just remember: If you still have funds in the bank account, transfer them to another account, or withdraw the cash. Also, if you have any payments like direct debits going in or out of the bank account, these will also stop when you close your account.

How do I close a bank account?

Closing a bank account is one of those tasks that’s easy to put in the too-hard basket. There are quite a few steps involved, some which may require you to hang on the phone for a while.  

Here’s a handy checklist of items to tick off, so the job gets done quicker. If you don’t do your banking online, the following steps can also be done at a branch.   

  • Cancel any scheduled or recurring payments
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  • Export your payee address book (to keep a record of saved third-party bank account details)
  • Transfer the balance of your account (to the new bank account)
  • Close your account online, or by calling the bank or visiting a branch