Things you should always buy second hand

When it comes to buying things second hand people are often divided into two camps – people who swear by it and those who never do it.

The latter group often have their own personal reasons for not opting for pre-loved goods. It might be that they want the latest style, they want to contribute their money directly to a particular designer or brand or they are concerned about potential quality issues. Some people might just find the whole thing a bit icky, preferring to have their things new and fresh.

The reality is though, buying everything brand new is more than likely costing you hundreds of extra dollars a year and having a very real impact on the environment. In our modern age of mass-production, trying to limit the sheer amount of things you buy is one way to make a stand for the environment and the ethical production of goods.

Even if you’re not so concerned with saving the world, one less piece of plastic at a time, the truth is that second hand goods just make good economic sense. Here are some products that you should try buying second hand:

Cars

Buying a new car may make you feel like a million bucks but the reality is that you would have just spent thousands of your hard earned dollars on an asset that starts depreciating sooner than you can say Mercedes. While there are legitimate concerns to be held about buying used cars when it comes to safety and longevity, if you do your research properly and buy from a reputable car dealer there is no reason you can’t walk away with a great car that saved you thousands.

Appliances

If you’re moving into a new home and need to buy all your appliances from scratch, buying completely new products can cost a fortune. Instead of getting everything brand new, shop for some of your white goods at a store like 2nds World that offers products straight from the manufacturer that have been discounted due to minor defects or damage. This way you’re getting quality products from reputable brands that would have otherwise ended up wasted in the rubbish heap.

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Furniture

Second hand furniture can be a great way of getting good quality pieces that will last you many years at a cheaper price. Instead of getting some cheap Ikea furniture that you will throw away in three years’ time, next time you need a good timber or leather piece for your house try shopping online or at a garage sale. Do try and avoid second hand upholstered furniture and bedding, however, as this can pose health and hygiene risks.

Textbooks

This one is for all the students out there who have blown an entire month’s pay on textbooks that are used for one semester and then sit gathering dust in a bookshelf. Buying textbooks second hand can literally halve costs at the beginning of a semester and you won’t be compromising on quality. Even if the editions on sale second hand are outdated, check with your lecturer if there are any major discrepancies and if not, it may be better to save your pennies.

Wedding dresses

This may be a controversial concept for some brides who have a fixed image of their special day including a beautiful, bespoke gown but the second hand wedding dress market in Australia has really taken off. Sites like Stillwhite.com.au offer thousands of pre-loved gowns at discounted prices that can be sold directly between brides.

DVDs

If you still have a DVD player in your house then why not make the most of it before it turns into an ancient relic of the past. For the price of your monthly Netflix subscription you can pick up a few classic movies second hand on DVD or an entire TV series from sites like ebay.com.au. Also, keeping an eye out for closing down DVD rental stores can lead you to a paradise of second hand movie greats that you can own from now until forever, unlike movies streamed online.

Designer handbags

If you’ve got a soft spot for handbags, and designer ones at that, you’ll know that the cost can sometimes be hard to justify. Especially when you’re on to your third or fourth thousand-dollar handbag using the “I just need something to carry my stuff in” excuse gets a little unbelievable. To make your handbag habit a little less harmful to your bottom line, try browsing sites that specialise in reselling authentic second-hand designer goods.

Pets 

Getting a pet from the RSPCA or local pound is not only cheaper but is the best option for those of us who really do love our furry friends. Sure a designer Shih-Poo might look great in your handbag but buying pure breed dogs is expensive and sometimes funds unethical practices. If getting a pet really is about wanting a companion, and not a fashion accessory, then doing a good deed for your pocket and a pet in need by adopting from a pound should be your only option. 

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Learn more about bank accounts

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.

Opening a bank account for someone under 18

Do I need to open a business bank account?

Just because you’re in business doesn’t necessarily mean you need a business bank account. You could be a sole trader not registered for GST, and use your personal bank account for business.

If you do want a business account, there are plenty of benefits attached to business transaction and savings accounts, as well as business term deposits.

There are business bank accounts designed for businesses with a high volume of transactions, and those for start-ups with a small amount of trade. You could also include an EFTPOS service with your account.

Some business bank accounts charge for the number of transactions per month, while others offer a pay-as-you-go fee structure, where you only pay fees for transactions you make.

It’s up to you whether your priority is mainly transactions, or earning the maximum amount of interest on your principal. There’s a business banking solution for you if you need one.

Can I find my bank account number online?

Yes, you can find your bank account number by logging into your online banking and clicking on the relevant account.

How do you set up a bank account online?

Once you’ve compared bank accounts and found the right one, the process of opening a bank account online is quite simple and can be done in around 10 minutes.

To set up a bank account online, you’ll need to prove your identity and provide an approved form of ID as well as your tax file number (TFN).

If you’re a new customer of the bank, you’ll need to verify your identity and potentially upload documents before you can complete your online application.

Once your ID has been verified and you’ve set up your bank account online, you should receive your bank cards in the mail along with your PIN and any other account details.

How can I close a Commonwealth Bank account?

You can close your Commonwealth Bank account at any branch, provided you have appropriate identification. You can also close your account over the phone, by calling 132 221, 24 hours a day.

Can foreigners open bank account in Australia?

If you’re migrating, studying or working in Australia, you’ll be pleased to know that you can open an Australian bank account. For the most part, opening a bank account in Australia is a simple process which starts by comparing the types of bank accounts foreigners can open in Australia.

Once you’ve found a bank account that suits your needs, you can start the application process.

When you apply for the account, you’ll need to provide proof of ID which may include your passport, overseas ID or credit card. You may also need to provide a copy of your visa and proof of address in Australia.

Depending on the bank and the type of account you choose, you may be able to apply for the account online or over the phone before you arrive in Australia.

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.

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.

How do I overdraw my Commonwealth Bank account?

Overdrawing a bank account can happen by accident. It’s often hard to know what your balance is, particularly with direct debits, scheduled repayments and pending transactions competing for cash.

To avoid being stuck with a bank fee every time your account is overdrawn, you can apply for a personal overdraft. This will enable you to overdraw your account up to an approved amount.

A personal overdraft is connected to your CommBank Everyday Account, so you can enjoy easy access to extra funds once approved – anywhere from $100 up to $20,000.

Your overdraft funds can be accessed via your CommBank keycard or Debit MasterCard, or online through NetBank and the CommBank app.

To apply you can either call the Commonwealth Bank directly or visit your local branch.

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.

Can you open a bank account at 16?

Yes, you can open a bank account at 16, or even younger. If you’re 13 or under, you will probably need a parent to accompany you to a branch.

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 do you change your account name on NAB banking?

Changing the name on your NAB bank account is straightforward, as long as you have the right documents.

If you’ve just got married, divorced or legally changed your name, here’s what you need:

  • Married – a marriage certificate
  • Divorced –your ‘decree nisi’
  • Legal name change –your legal name change certificate

You can take either the original document, or a certified copy, into a NAB branch, where it needs to be sighted by a bank employee and a copy taken.

Your NAB bank account name will be updated immediately. New debit, ATM and credit cards with your updated name will also need to be issued. These usually take between five to 10 working days to be posted out to you. Your existing cards will keep working until you activate your new ones.

If you haven’t legally changed your name, but just want to change your account nicknames, you can log onto NAB and do it through the Settings/Mailbox menu.