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Simple Saving Tips We Can ALL Benefit From!
Posted by   |   July 26th, 2017   |   Categories: News

Thursday Tips – 26th July 2017

It’s always good to keep an eye out for simple saving tips. Whether you’re saving for a property, a car, a holiday or just some extra cash; these tips will help you to stretch every penny!

  1. Change one habit at a time

Every dollar counts. Keep this in mind and make some simple changes which will add up over a long time. We recommend only changing one or two habits at a time, so you don’t get overwhelmed by your new economizing lifestyle. Some things you can change are:

  • Make your own coffee, rather than buying it from a café
  • Cut down on alcohol
  • Don’t buy single serve meals or eat out every day. Instead, try to cook a large meal twice a week (6 servings). Freeze half, and have the rest as lunch/dinner.
  1. Have a budget buddy

If you AND your friend decide to be more cash-savvy, it is a lot easier to save. It’s always difficult if one party is focused on staying in and saving, whilst the other is always inviting you out for dinner and drinks! If you and a friend are saving, you could enjoy a great night in with some wine and home cooked food, rather than consuming the same amount at a venue for about 7x the price!

  1. Don’t waste your wardrobe

It’s great to clean out your wardrobe every now and then, but keep in mind that a lot of your old clothes could be worth a pretty penny. When shopping, always make sure a generic store doesn’t stock a similar item. Switch clothes with friends. Also, try to avoid clothing that cannot be washed at home – those dry cleaning bills add up!

  1. Plan ahead

Make a groceries list and stick to it. Also, don’t shop for groceries when hungry – everything seems a lot more tempting when you’re hungry. Plan for bills/rent, and budget accordingly. If your bills are getting the better of you, tackle the issue head-on by switching off power points, having shorter showers, rugging up rather than using the heater, etc.

 

These are just a few simple daily sacrifices which can add up to a significant amount of money over time. For example, three weeks ago I started having coffee at home rather than buying it each day. I’ve already saved over $170 (including deductions for home-coffee supplies!).

 

 

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