Simple ways to save money
Saving made easy
Making small changes in your life can fatten your savings and
help you budget better. Follow these tips to save more money.
Save on groceries
Here are some tips for saving money next time you're at the
- Plan ahead - Plan your meals in advance and
write a shopping list with the ingredients you'll need.
- Write a list - Keep a writing pad and pen in
the kitchen. During the week, add to this list as you think of
things you need and take it with you when you go shopping so you
don't forget anything. Only buy what's on the list. This makes it
easier to stick to your budget.
- Budget - Put your grocery money in an
envelope. Don't take any other cash or cards with you so you can
only spend what you have.
- Buy in bulk - Buy in bulk when things are
cheaper and only go grocery shopping once a fortnight. Use all the
food in your pantry before you buy more.
- Leave the kids at home - Go shopping without
the kids. You'll have more time to compare prices and won't fall
victim to 'pester power'.
- Eat before shopping - Eat a meal or snack
before you go to the supermarket. When you are not hungry, you tend
to buy less food.
- Buy generic - Substitute brand names for
generic products where you can.
- Check the specials - You might be able to
replace an item on your list with a cheaper alternative.
- Check the dates - Check the 'use by' and 'best
before' dates on food so you don't waste money buying things you
won't use before you have to throw them out.
- Try vegetarian meals - Meat can be expensive,
so buy less of it and try making more meals without using it.
Use our budget planner to help you save.
study: Nadia's chocolate choice
Nadia loves chocolate but knows it is bad for her. She decides
to stop eating chocolate for 30 days as a health challenge. A month
later, she not only feels much healthier but has also saved over
Save electricity and
If you're looking for ways to reduce how much water or
electricity your household uses, you might be surprised at the
difference just a few small changes can make. See our webpage
how to save water and
Save money with a friend
It can be harder to save money when the people around you are
keen to spend. Try and find a friend who also wants to save money.
You can share tips, enjoy cheap nights out and borrow from each
other rather than buy new things. You could even have a competition
to see who saves the most money over a set time.
Save on clothes and other
With fashion changing every season, you don't really need to buy
new clothes all the time:
- If you're buying clothes, check if you can wash them to avoid
dry cleaning bills.
- If you buy something, make sure it goes with at least two other
things in your wardrobe so you can get a few different outfits out
of one item.
- Check op-shops and local markets for bargains.
- Ask your neighbours, friends or family if you can borrow tools
or gardening equipment, rather than buy new items.
- Take advantage of stocktake sales or end-of-season clearances
to pay less for the things you need.
Save on your wedding
Weddings are expensive but there are lots of ways you can cut
costs. See our webpage cheap wedding ideas.
Save on your holiday
Holidays don't have to break the bank. There are some easy
things to can do to cut holiday costs. See our webpage cheap holiday
Save on bank fees
Some financial institutions offer basic bank accounts with:
- No account keeping fees
- Free monthly statements
- No minimum deposit amounts
- No overdrawn fees
You can find which financial institutions offer these basic bank
accounts on the Australian Bankers' Association's Affordable Banking
Change one habit and save
Small changes can make a big difference to your bank balance.
Change one thing you do regularly and you could save money. Some
- Give up drinking coffee or cut down on alcohol - it may sound
scary but it will save you money and can have health benefits.
- Cancel your gym membership and walk to work instead.
- Make your lunch at home.
- Have people over for dinner rather than going out and ask
everyone to bring a plate of food.
- Borrow books and DVDs from the library.
- Lock up your credit card for a month and only pay for things
- Get into the habit of checking your bank
- Set a limit for birthday and Christmas presents or give
Savings goals calculator
Try the Saver Plus Program
Saver Plus helps families on low incomes develop a savings habit
and improve financial skills. Saver Plus can help you set a savings
goal and help you reach it.
When you reach your goal, your savings are matched, dollar for
dollar, up to $500. Find out more about Saver Plus.
It's easy to save money by cutting out or
reducing some things you buy. Try one or two of these money-saving
tips and watch your savings grow.
Last updated: 24 Jun 2016