There is a cheaper alternative to supermarkets, but most people don't know it exists
www.abc.net.au
Families and neighbours shopping through informal co-ops are saving hundreds, but the business model could help apply major competitive pressure to the major supermarkets.

  • In short: Families are making significant savings on their grocery bills by forming small shopping co-ops.

  • Cooperative business structures account for less than 1 per cent of the supermarket sector in Australia.

  • What’s next? The peak body for co-ops is calling for more government support for the business model.

  • Deceptichum@quokk.auEnglish
    11·
    4 months ago

    I need to start ditching more companies. Reminds me I also need to look into leaving commbank for a credit union.

    • Fluid@aussie.zoneMEnglish
      3·
      4 months ago

      Do it. I don’t understand why more people don’t join credit unions / mutual banking. There’s literally no downsides, they have all the same services, protections, minus the fees. It’s a no brainer.

      • Deceptichum@quokk.auEnglish
        3·
        4 months ago

        Knowledge/Recognition I’d say.

        Most people could tell you the names of the Big 4, doubt they know any CUs. Let alone if they even know what they are.

      • vividspecterEnglish
        1·
        4 months ago

        Fees have almost entirely gone away for most banks these days (at least the ones I’ve used), so I get the inertia. It certainly didn’t make sense when people would stay on the likes of CBA back when they had monthly fees and a savings rate much lower than third party banks and some credit unions.