cinemas

Tips for Affordable Recreation

Valuable tips for cheap, affordable recreation.

Many people these days feel as though they get very little spare time to chill out and enjoy themselves. When we do get spare time we like to enjoy recreational activities that fit in with our tastes and preferences but which also fit in with our budgets. Money is something that

has a big impact on the type of recreational activities that we get to enjoy but these days there is plenty to keep you busy and entertained that does not cost a fortune.

Affordable recreation is something that many people want to be able to enjoy, whether this is something that they do alone or with their friends or family members. Of course, the type of recreational activities that you get involved in will depend on your preferences, abilities and circumstances. For example, if you are young and single your recreational activities and preferences are likely to differ from someone who is older and married with kids or from someone who has retired.

No matter, what sorts of activities you enjoy when recreating, there are ways to enjoy a varied range of activities and entertainment to suit your needs without having to pay a fortune. In fact, you can enjoy many great recreational activities that will suit your needs either very cheaply or in some cases free of charge.

Some examples of saving money on recreational pastimes and activities

We all have different tastes and preferences regarding recreational activities and pastimes. However, no matter what sorts of activities you enjoy, putting a little thought into it will help you to find ways of saving money without having to reduce your enjoyment. Some examples of saving money on your favourite pastimes can be found below:

  • Movies: For some people, going to the movies is a favourite pastime. However, doing this on a regular basis can prove costly. As an alternative, you can arrange movie nights either with your family or your friends. You can all club together to get some DVDs, snacks and drinks in and then you can settle down to watch some of your favourite movies without the need for each of you to pay for a ticket to get entry to a movie
  • Going out for meals: Going out to eat can be a wonderful way to relax but doing it too often can be very costly. If you enjoy going out with friends for meals, try cooking for one another and opting for dinner parties hosted by a different person in the group each week or month. This can work out far cheaper and can turn out to be more fun, as you are less restricted than you would be in a crowded restaurant
  • Outdoor activities: If you enjoy outdoor recreational activities with your friends, your family, or even on your own, there are plenty of ways to enjoy the great outdoors free of charge. You can enjoy anything from a bike ride in the countryside to walks, hiking or even a picnic in the summer – all at little to no cost
  • Exercising: Many people enjoy exercising in their spare time, which for some people means heading off to the gym, which usually means costly membership fees. If you want to stay healthy, get fit, enjoy exercising but also want to save money, you can opt for alternatives such as heading to different local areas such as parks to enjoy walking, cycling, running, or even exercising at home using DVDs or fitness games that come with the various games consoles
  • Travelling: Travelling is a hugely popular recreational pastime for people of all ages but it is not viable to keep travelling to places abroad if you are on a budget. Instead of paying for costly flights and accommodation when you want to get away for a few days, consider affordable alternatives such as going camping for a few days or heading to a destination in your own country rather than paying for flights to go abroad – there are probably plenty of places that you have yet to discover within your own country!

If course, the above is just a handful of the types of recreational activities that people enjoy at different stages of their lives or throughout their lives. We all want to make the most of our spare time but also have to mindful about the cost of the activities and pastimes that we enjoy. Using a little imagination and looking at alternatives can make a big difference to the amount that you will spend on the types of recreation that you enjoy. You can even use the internet to get great deals on days out and great ideas on recreational activities to enjoy in your local area so you won't have to travel far or spend a lot of money to make the most of your time.

Compare accounts below

Rates accurate as at: May 23rd, 2018 Learn about our information service
$
Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Monthly Account Fee
RaboDirect High Interest Savings Account
Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 1.80% p.a. Available on balances below $250,000
3.05% 1.80% 1.25% $0 $0 / $1 Go to site More
ING Savings Maximiser
Ongoing, variable 2.80% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month and make 5+ card purchases a month. Available on balances up to $100,000.
2.80% 1.15% 1.65% $0 $0 / $0 Go to site More
AMP Saver Account
Introductory rate of 2.55% p.a. for 4 months, reverting to a rate of 2.10% p.a. Available on balances below $5,000,000.
2.55% 2.10% 0.45% $0 $0 / $0 Go to site More
Bankwest Hero Saver
Ongoing, variable 2.60% p.a. rate when you deposit at least $200 each month and make no withdrawals. Available on balances up to $250,000.
2.60% 0.01% 2.59% $0 $0 / $0 Go to site More
Bank Australia Bonus Saver Account
Ongoing, variable 2.60% p.a. when you deposit at least $100 and make no withdrawals. Available on the entire balance.
2.60% 0.15% 2.45% $0 $0 / $1 Go to site More
HSBC Serious Saver
Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
3.00% 1.60% 1.40% $0 $0 / $0 Go to site More
AMP Bett3r Account - Save Account
Earn a competitive, ongoing rate of up to 2.25% p.a. and set personal savings goals. Receive linked Pay and Spend accounts to help manage your money effortlessly.
2.25% 1.50% 0.75% $0 $0 / $0 Go to site More
RaboDirect High Interest Savings Account (SMSF)
Introductory rate of 2.70% p.a. for 4 months, reverting to a rate of 1.90% p.a. Available on balances below $250,000
2.70% 1.90% 0.80% $0 $0 / $0 Go to site More
HSBC Flexi Saver Account
Ongoing, variable 2.50% p.a. when you deposit $300+ each month (other conditions apply). Available on balances up to $5,000,000.
2.50% 1.25% 1.25% $0 $0 / $0 Go to site More
Citibank Online Saver
Introductory rate of 2.85% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
2.85% 1.70% 1.15% $0 $0 / $0 Go to site More
RaboDirect SMSF PremiumSaver
Ongoing, variable 2.15% p.a. when you link to an RaboDirect High Interest Savings Account and increase your balance by $200+ each month. Available on balances up to $250,000.
2.15% 0.90% 1.25% $0 0 / $0 Go to site More
Westpac Life
Ongoing, variable 2.30% p.a. each month you deposit money, and make sure your balance is higher at the end of the month than it was at the beginning. No monthly account-keeping fee.
2.30% 1.50% 0.80% $0 $0 / $0 Go to site More
$
Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details Monthly Account Fee
NAB Classic Banking
Impressive digital perks. $0 monthly account fee. Tap and pay with your NAB Visa Debit card, NAB Pay for Android or NAB PayTag for iPhone. Temporarily block your card at the touch of a button if you lose it.
Visa $0 $0 $0 account keeping fees with no deposit conditions. Unlimited free withdrawals at NAB and rediATMs. Go to site More
ING Orange Everyday Account
$75 cash bonus. $0 monthly account fees. Receive a $75 cash bonus if you open a new Orange Everyday account, enter the promotional code and deposit at least $1,000 within a calendar month and make 5+ card purchases (T&Cs apply). Get a competitive ongoing variable rate when linked with an ING Savings Maximiser.
Visa $0 $1,000 ING charges no ATM withdrawal fees and offers a rebate on any third-party ATM fees and international transaction fees when you deposit $1,000 and make 5+ card purchases a month. Go to site More
AMP Bett3r Account - Pay Account
Manage your budget effectively with a bundle of accounts. $5 waivable monthly account fee. Monthly account fee waived if you deposit at least $2,000 a month from a source that is not another AMP bank account. Enjoy linked individual Pay, Spend and Save accounts to reach your savings goals.
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at rediATMs in Australia. Go to site More
HSBC Everyday Global Account
No foreign ATM or transaction fees. $0 monthly account fee. Enjoy no minimum ongoing balance or transaction requirements and the flexibility to hold up to 10 currencies.
Visa $0 $0 Go to site More
Bank of Melbourne Complete Freedom
A flexible option for those living in Victoria. Manage your budget with a spend tracker and pay with Samsung Pay. $5 waivable monthly account fee. Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria.
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at Bank of Melbourne, St.George, Westpac and BankSA ATMs. Go to site More
NAB Classic Banking with Platinum Visa Debit Card
1% cashback on contactless purchases, $0 foreign transaction fee and complimentary travel insurance. $10 waivable monthly account fee. Complimentary travel insurance, transport accident insurance, purchase protection insurance and more when you meet eligibility criteria. Book travel and restaurants through NAB's 24/7 Concierge Service.
Visa $0 $0 $10 account keeping fees with no deposit conditions. Unlimited free withdrawals at NAB and rediATMs. Go to site More
HSBC Day to Day Transaction Account
Open an account and easily switch your regular payments over from your current bank. $0 monthly account fee. Through your linked Visa debit card, you can access exclusive shopping, travel and restaurant deals here and abroad through HSBC's home&Away Privilege Program.
Visa $0 $0 $0 account keeping fees. Unlimited free withdrawals at over 3,000 HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs. Go to site More
St.George Complete Freedom Account
Pay with Samsung Pay & manage your budget with the St.George Spend Tracker. $5 waivable monthly account fee. Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria.
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 fee applies. Unlimited free withdrawals at St.George, Westpac and BankSA ATMs. Go to site More
Westpac Choice
Complimentary Student or Youth Discount Card $5 waivable monthly account fee. Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria. Full-time students and those aged 31 and younger save thousands on travel and experiences through the complimentary Student Discount Card
Mastercard $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at St.George, Westpac, Bank of Melbourne and BankSA ATMs. Go to site More
ANZ Access Advantage
Pay with Apple Pay, Google Pay & Samsung Pay. $5 waivable monthly account fee. Monthly account fee waived if you deposit at least $2,000 a month, are under 25 or if you meet other eligibility criteria.
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at ANZ ATMs. Go to site More
BankSA Complete Freedom Account
$50 cash bonus available. A flexible option for those living in South Australia. Manage your budget with a spend tracker and pay with Samsung Pay. $5 waivable monthly account fee. Monthly account fee waived if you deposit at least $2,000 a month, are under 21 or if you meet other eligibility criteria.
Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at BankSA, St.George, Westpac and Bank of Melbourne ATMs. Go to site More
Rates last updated May 22nd, 2018
$
Name Product 3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a. Min Deposit Interest Earned
Citibank Term Deposit
-
-
2.80%
-
-
-
$100,000
RaboDirect Term Deposit
2.30%
-
2.50%
-
2.40%
2.60%
$1,000
MyState Bank Online Term Deposit
2.50%
2.35%
2.50%
1.50%
2.60%
2.60%
$5,000
Firstmac Term Deposit
2.40%
-
2.50%
-
2.65%
2.75%
$5,000
RaboDirect Term Deposit (SMSF)
2.30%
-
2.50%
-
2.40%
2.60%
$1,000
St.George Term Deposit
2.05%
1.85%
2.15%
1.90%
2.45%
2.50%
$1,000
BCU Term Deposit
1.25%
0.71%
1.40%
0.71%
1.45%
2.55%
$1,000
BankSA Term Deposit
2.05%
1.85%
2.15%
1.90%
2.45%
2.50%
$1,000
Bank of Melbourne Term Deposit
2.05%
1.85%
2.15%
1.90%
2.45%
2.50%
$1,000
Bankwest Online Term Deposit
2.35%
1.50%
2.60%
1.50%
2.65%
2.60%
$1,000

Compare up to 4 providers

Rates are displayed for the terms and minimum deposit sizes listed in the table above. The rate you receive could vary depending on your deposit size and interest payment frequency.

Shirley Liu

Shirley Liu is a program manager at finder, formerly the publisher for Banking and Investments. She is passionate about helping people make an informed decision, save money and find the best deal for their needs.

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Related Posts

Savings Account Offers

Important Information*
RaboDirect High Interest Savings Account

Maximum Variable Rate

3.05

Standard Variable Rate

1.80
Bankwest Hero Saver

Maximum Variable Rate

2.60

Standard Variable Rate

0.01
Bank Australia Bonus Saver Account

Maximum Variable Rate

2.60

Standard Variable Rate

0.15
Citibank Online Saver

Maximum Variable Rate

2.85

Standard Variable Rate

1.70

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