Buying big to save $$$
TWEED shoppers are buying themselves cheap entertainment as a way to weather financial uncertainty, Rory Curtis from the Good Guys believes.
Mr Curtis cannot pin-point if it was a result of the Federal Government starting to roll out its tax bonus payments of up to $900 to Tweed residents last week, but said his Tweed Heads South Store had nearly sold out of electronic gaming consols.
“We only launched our gaming section at the weekend and we only have one Nintendo Wii left and have nearly sold out of Play Station Threes and Nintendo DS consuls,” Mr Curtis said yesterday.
“We have been absolutely hammered this weekend; there have been so many more people through the doors than the first few months of the year, but it is hard to say if that is because they have got their payments or because people are saving their money and haven't gone away, or because of the bad weather?
“Most people have seemed to have changed their spending habits since the financial crisis took hold at the start of the year, with more people spending money on providing their entertainment within the four walls of their own home.
“People are looking for the 'feel good factor' when spending their extra cash, and buying a game consul is a way to stretch their entertainment dollar further.”
More than 8.7 million Australian taxpayers began receiving their tax bonus payments last week, with $250 being paid to people who earned between $90,001 and $100,000; $600 for people earning between $80,001 and $90,000 and $900 for workers earning less than $80,000.
The payments are the second part of a multi-billion-dollar economic stimulus package rolled out by the Rudd government to help save the country from the effects of global recession.
The payments, part of a $42 billion package approved in February, are on top of payments paid by the Federal Government last month to families with children in school, single income families and adult students.
Kerri and Stephen Manning from Tweed Heads South are yet to receive their tax bonus, but have plans on how to spend it.
“We have ordered another Wii remote because we knew that we would get a good deal from Rory,” said Mrs Manning.
“It (the Wii) is not only fun, but helps keep us active.
“I also have plans to buy a slow cooker with part of the money because it is a great way to save money on the grocery bill.”