Contracts are everywhere. Renting a place, signing up for a phone plan, streaming services, gym memberships, even that ‘free trial’ you promised yourself you’d cancel. When the cost of living’s already taking a toll, small contract traps can quietly eat into your budget.

Here’s what to look out for before you click accept.
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1. The length (and the exit)

Longer contracts usually mean lower upfront costs, but more pain if your situation changes. Twelve or 24-month phone plans can be fine, but check the break fee. Some charge the remaining balance if you cancel early. If flexibility matters, consider paying monthly. It might cost a bit more, but could give you breathing room.

2. Automatic renewals

Subscriptions love to roll on quietly. That free trial? If you don’t cancel it in time, it becomes a paid subscription. Set a reminder in your phone a few days before the trial ends. And if you haven’t used something in a month, ask yourself if you actually need it.

3. Rent: what’s your responsibility?

Rental agreements are contracts too. Know what you’re responsible for versus the landlord. Things like minor repairs, utilities and water charges. Photos when you move in aren’t ‘being extra’, they’re protection for your bond later.

4. Fee creep

Watch for fees that don’t jump out at first glance. Admin fees, late payment fees, excess data charges or ‘reactivation’ costs. A cheap deal can get expensive fast if you miss a payment or go over limits.

5. Your right to cool off

Some contracts give you a cooling-off period, where you can back out within a few days with little or no penalty. It doesn’t apply to everything, but it’s worth checking, especially if you were pressured into signing on the spot.

6. Don’t skim

Not everyone reads every single word of a contract, but the details matter. Take a moment to check how long you’re committed for, how to get out and what fees apply if you pay late. Those small print details can make a big difference.

Contracts aren’t a bad thing, they’re just commitments. The trick is making sure they suit you, not the other way around. A few minutes upfront can save you months of stress (and cash) later.

This is general information only and doesn’t take into account your objectives, financial situation or needs. Before making a decision about CareSuper, you should consider if this information is right for you.

 
Information correct as at 27 April 2026.