Any first home owner will know that saving money can be quiet challenging. The good news is there are many tips and tricks that can be used to increase your savings.
Here are a few suggestions that might help you! I challenge you to at least try one and stick with it for the next 12 months?
Follow The Trail
We’ve all heard it said thousands of time, budgeting is a brilliant way to see where your money is going. It’s been said that the average household spends approximately $70,000 annually on living costs with only half knowing what our money is being spent on.
Without a plan to track your spend it’s easy to misdirect funds and live from one pay check to the next. Get on top of your finances and start knowing where your money goes. There are plenty of smartphone apps out that that will help you do this
Food spoilage and waste equate to approximately $1,000 in spend per annum. To avoid wastage plan your weekly grocery shop in advance and stick to getting only what you need. Make leftovers into lunches, this will help reduce wastage as well as reduce cost in buying lunch. Also look to grow your own little veggie patch, it’s simple and easy to do.
Bottled water in Australia is a joke, we’re all happy to pay $2 to $3 for a bottle when we can get it from the tap for free. Australians spent over $500 million on bottled water last year. You can stay hydrated for a fraction of the cost, invest in a water bottle and start hydrating on the savings!
If you don’t ask you don’t get right? Sounds easy enough on paper. According recent data, one in five Australian’s plan to save 20% on the cost of phone, internet, power and insurance this year. And they’ll simply do it by asking for a better deal. Half of the Australian population have agreed that they’ve been able to grab a bargain simply by asking for a better deal or price.
Contact us today – Nathan Vecchio – 0410 000 689