Paul Chapman is no hurry to spend the extra money he will get from Tuesday's interest rate cut.

The 27-year-old sales manager from Sydney has a $295,000 mortgage on the Brisbane house he owns with his primary school teacher wife Bréane.

All smiles: Paul and Bréane Chapman will have about $80 a month extra after consecutive rate cuts, but have no plans to spend the cash. Credit:Nic Walker

Last month, the Chapmans received a 0.20 per cent cut in their variable loan rate from Adelaide Bank, which translated to a saving of $41 a month. By Tuesday Adelaide Bank had not announced its plans but a similar saving is pretty likely.

The Reserve Bank and experts worried about a lagging economy would hope the couple would spend the extra money, but Chapman says the negative commentary had made him wary.