Food is the second largest living expense in Australia after housing costs. Cut down on your grocery bill with some simple planning. Make a list before you go to the supermarket and stick to it. If you’re likely to be tempted by specials and eye-level treats, consider online shopping instead.
To avoid the temptation to use food delivery services, batch cook on the weekend. A large pot of bolognaise sauce or soup will store well for quick weeknight meals.
Fruit and vegetables can be a fraction of the price if you buy them in season. Plus, they taste better. Utilise independent green grocers instead of supermarkets, which make it easier to see what’s in season.
Choose cheaper cuts
For meat, choose cheaper cuts like chicken, mince or kangaroo. Tinned fish is significantly cheaper than fresh, although there are some bargains to be had in the frozen aisle. Tofu is another excellent source of protein, and can be used in a huge variety of meals.
Become your own barista
A bag of coffee beans and a good quality keep cup can save you a fortune in cafes. If you’re in the habit of buying a $5 coffee every morning, try making your own instead. There are a plethora of easy-to-use coffee machines on the market, but a humble plunger will also do the trick.
Some simple planning when it comes to meals and groceries will cut down expenses and save money.
Shop around for insurance
Car, home and health insurance can add up fast. Give your providers a call and see if you’re still on the best deal they can offer. Check-in with the competition: you can often get a better deal by switching companies.
Hold an online garage sale
Most of us are holding onto possessions we no longer need. Get decluttering and put unwanted items on eBay or Marketplace. Even if you only get a few dollars for each, it can add up fast. Bonus: your place will feel bigger and cleaner!
Use reward points
With a little discipline, credit cards can save you money. Choose one with generous reward points, put all your regular expenditure on it, and set up an automatic direct debit so that it’s paid off in full every month. You can redeem the points for household items, gift cards or to save on travel. Just be aware that some reward point options come along with hefty annual fees. Do your research first to make sure this option will save you more than it costs.
Borrow instead of buy
Join your library for an endless supply of free books. Toy libraries are another great option offered by many councils and volunteer organisations. These operate just like book libraries, and are a great idea for those with young kids: borrow that huge ride-on truck for a week and return it when your child is bored. Find one here.
Trade or swap with friends
How many things do you buy, only to use once or twice? Clothing, tools and camping gear can all be swapped with friends or borrowed when needed.
If family and friends don’t have what you need, check out the growing array of share-economy apps. The Volte allows you to rent out unused fashion, while Parkhound offers private parking spaces as a cheaper alternative to expensive city car parks. FoodByUs links hungry people with home cooks, while Fiverr connects buyers with almost any service they could want.
Need a new supply of toys, books or clothes, without breaking the bank? Try borrowing, trading or swapping, instead of buying. Featured here: Thornleigh, Newhaven Estate, Tarneit.
Repair before you replace
Shoes and clothes with minor repair problems don’t need to be thrown away. Take them to your local cobbler or get out the needle and thread for a free fix.
If you do need to buy things, look for secondhand options. Furniture, clothes and electronics all come with a steep discount if they’ve been gently used.
Take housesitting holidays
Ask interstate or regional friends if they’d be up for a reciprocal housesitting arrangement. You get a holiday in the country, they get some city shopping in, and everyone gets peace of mind that their place is being looked after.
Conserve your energy
Turn down the thermostat
In summer, keep your air conditioner at 24 degrees or higher. For every degree cooler, your air conditioner uses an extra 10% of power. In winter, it should be no warmer than 20 degrees. Wearing an extra layer or using a cosy throw blanket is a far cheaper way to keep comfy.
Avoid impulse buys
Have a tendency to buy before you think? Make it harder to get to your money and dodge the impulse buys. Cut up your credit card, turn off the promotional emails and keep your money where it’s hard to access. By pausing before you buy, you’ll be able to decide: do I really need that, or is the money better off in the bank?
Cancel unused subscriptions
Go through your statements. Are there old subscriptions you’re no longer using but have forgotten to cancel? Each might only be a few dollars, but they add up fast.
Consider planning a no-spend weekend once a month and get closer to your dream home sooner. Featured image: Cottesloe, Minta Estate, Berwick.
Check for free events
Laneway art installations, free lunchtime concerts and beautiful botanic gardens: there’s plenty to do and see around the city without spending a cent. You can check the latest Melbourne options here.
Walk or cycle
Do you really need to take the car every time you go out? Save on petrol and parking fees by walking or cycling where possible. Bonus: it’s better for your health. Public transport and carpooling are also great options.
Have a ‘no spend weekend’.
Can you go an entire weekend without spending money? Set yourself the challenge and see how you do. You might be surprised at what you come up with, and it will help solidify good habits going forward.
Saving money for a deposit can feel like a huge mountain to climb. Each of these tips to save money is another step forward towards that goal. Keep going, forgive yourself for stumbles, and you’ll be there before you know it. Discover ten budgeting tricks to boost your savings here.