A young bank worker has been applauded for his ‘spend less’ mentality as ns search for way to navigate the cost of living crisis.
Sydney-based Aftab Bismi, 30, works in data solutions for Suncorp Group and has shared his top tips for being financially ‘agile’ in 2025.
Mr Bismi sad he drives a 20-year-old Toyota because buying a new car would wipe out his entire $20,000 in savings.
‘The easiest thing is to learn how to stop spending so much money,’ he told property investment company Coposit Street in a TikTok video on Monday.
‘I spend a very minimal amount of money, or if I do spend it, it’s for a purpose.
‘For example, I wouldn’t mind spending money for a dinner with people that I know can contribute back to me in some way or another down the line.’
Mr Bismi said this would include friends, potential business partners or people he can share ideas with.
The young data expert received an outpouring of praise in the comments responding to the video, calling him ‘well spoken’ and a ‘smart man’.
‘I wanna learn more by this guy!!’ one user said.
‘I wish I had that knowledge when I was 30… great going, mate.. wish you all the success,’ another wrote.
The young data expert also shared his ‘philosophy’ when it comes to regulating his spending: only choosing one or two things to invest in.
‘I would always invest my money into learning experiences with experts because they’re really difficult to come by,’ he said.
Mr Bismi said he first experienced this when he was 14-years-old and signed up for a camp with an ex-Los Angeles Lakers player.
‘That camp costs like three times more money than standard camp. I’m learning from a guy who actually did something with it, and how he got to that,’ he said.
Mr Bismi shared with Daily Mail what he does and doesn’t invest his money in during his day-to-day life.
He has cancelled some streaming services, avoids buying new technology and never eats out or orders takeaway solo: ‘Plus eating out doesn’t have enough protein’.
He also avoids impulse buys by waiting to confirm an online order until the next day and he only buys coffee when working somewhere or on a social outing.
So what does he spend his money on?
Mr Bismi said the two things he’s happy to splurge on are perfume and gifts.
‘People remember that you’re the guy who smells nice… [and] people keep nicer gifts and remember you because of it,’ he said.