Top 25 Money Savings Tips
1. Budget – first step to taking control of your finances is to regularly budget. www.easy-
budgeting.com provides a 12 month budget planner for just $4.95.
2. Health check your loans – check your mortgage and see if you can get a better deal by
refinancing with another lender. It’s a competitive market and lenders want new business all
the time. Shop around and you could save thousands of dollars over the life of the loan. The
cost of refinancing could easily be offset by savings over the period of the loan.
3. Review credit cards – sites like www.cannex.com.au will help you ensure you’re getting the best
deal available. 0% of transfers, low interest rates, great rewards programs, 6 month
introductory low interest rate are just a few benefits of switching. Dare I say it, cut up your
credit cards and use cash only!
4. Shop around for utilities – compare you plans on utilities and save. Another competitive market
looking for new customers all the time. Save on electricity, gas, telephone etc. Call a
competitor and tell them what your current plan is and chances are you’ll be offered a better
one, then negotiate with the your current provider
5. Consolidate when possible – landline, mobile, internet and pay tv all through one provider will
end up you savings you a couple of hundred dollars over a 12 month period.
6. Insurance – car, health, home and contents. Shop around and find a provider that offer all of
them together and the savings will add up.
When looking for deals on utilities or telephone or insurance, get online and check out the
comparison tools available to help you save that little bit extra. For example,
www.iselect.com.au is a great website for the best insurance deals that suits your needs.
7. Fill up on Wednesdays – if you fill up your car on a Wednesday when petrol is at its lowest price,
can save you hundreds of dollars over a 12 months period.
8. Save 4c a litre – use your receipts from shopping and save extra each Wednesday when filling
up. Keep air in your tyres as this helps with fuel efficiency.
9. Use shop a dockets – check out the deals, two for one coffee, deals of carpet cleaning, two for
one meals, discount video hire. It all adds up.
10. Don’t grocery shop when you’re hungry – ever gone out to buy some food when you’re hungry?
I bet you ended up buying than you need and usually the stuff that’s bad for you. When you
shop when you’re hungry you tend to spend more. Go a full stomach and take a list.
11. Buy home brands – some home brand products can be just as good as branded products and
you can save a fair bit of the over a 12 months period.
Top 25 Money Savings Tips
12. Shop at Aldi – Supermarket stores like Aldi provide a great range of lesser known products at
fantastic prices. Some people do some shopping at these types of stores, buy in bulk and save
and then buy what they find there at the usual supermarkets.
13. Buy in bulk – discounts are often obtained by buying items in bulk e.g. bulk meat from wholesale
butchers, larger quantities from the supermarket cost more than smaller quantities but if you
compare the cost on a per kilo or per milliliter basis, the savings are there.
14. Plan before shopping – use sites like www.lasoo.com.au or check out the pamphlets in the mail
to see what’s on sale before shopping. Avoiding impulse buying for major items can make a
15. Interest free terms, only if you’re disciplined – buying major items on interest free terms can be
a great way to smooth out the cash flow. Just make sure you pay within the allotted time to
avoid excessive interest rates. Take the purchase price divided by the interest free period and
make the payments, without fail.
16. Work the system – claim your government benefits whenever possible. We all pay taxes so why
shouldn’t we all benefit from the government incentives….baby bonus, first home buyers grant,
family benefit allowance etc.
17. Take your lunch to work – buying a sandwich and a drink for lunch can cost around $10 these
days. Cook a bit extra and take left overs the next day.
18. Drink coffee at work – coffee at the coffee shops can be anywhere between $3 - $5. Buy some
decent coffee at the supermarket and have a nice coffee at work, instead of grabbing one on the
19. Half price Tuesday – cinema are usually half price on a Tuesday.
20. Discount grog – places like Dan Murphy’s always sell alcohol cheaper than most places. Usually
when you buy in bulk you can save more. Remember drink responsibly.
21. BYO restaurants – buy a good bottle of wine at Dan Murphy’s on special and take the dinner
instead of paying full price, plus more, at the restaurant.
22. DFO and other factory outlets – shop at DFO and save. Factory outlets are a great place to save
on items that would usually be 30% - 50% more in the stores. Sometimes it may be last season
items but if you’re willing to accept that, you will save.
23. Use Ebay or trading post – before you buy at the stores, get online and check out the bargains
that can be had at the auction sites. If you’re lucky and bid smartly, you can get some great
products at great prices, just don’t get addicted to the thrill of the auction process.
Top 25 Money Savings Tips
24. Sell your stuff second hand – have a garage sale and get rid of all those items that are sitting
around. Get online and sell through ebay or trading post. You’d be surprised what people are
willing to buy and the price they’re willing to pay – one man’s trash is another man’s treasure.
25. Exercise outside – every joined a gym paying $50 - $100 a month, locking for 12 months only to
find the exercise bug has worn off after a couple of months? Go for a walk or a run outside,
enjoy the fresh air, you feel better and it costs less and you’re not locked in to fixed term