If you are looking to reduce your expenses because you are saving up for something special or you want to put money aside to start investing, there are many areas in your life where you can cut back on your spending. In this article, you will be introduced to four ways to save money you probably haven’t considered.
There are ways to save money you probably haven't considered.
1. Switch to a cheaper mobile network provider
If you have been with the same mobile phone network for several years and feel that you could be paying less, chances are you are probably correct. Mobile network providers are always competing for customers by offering better, and in most cases cheaper, deals. Have a browse through available offers and choose one that covers your needs and reduces your monthly phone bill.
2. Switch to a zero-fee bank account
If you are currently paying a monthly fee on your bank account then you have found an area where you can save money. Most of the big four banks now offer zero-fee bank accounts to new customers, so there is no reason for you to pay a monthly fee to have your money deposited at a bank. Alternatively, you could also switch to an online-only bank that will not charge you any account fees.
Purchase your weekly groceries online from your own desk
Free - No Obligation
Ask us for a home loan health check
3. Do your weekly grocery shopping online
Another great way to save money is to do your grocery shopping online instead of heading to the supermarket in person. There are several supermarkets that allow you to purchase all your regularly weekly groceries online. Not only does that mean you save on transport costs but, above all, it prevents you from making in-store impulse purchases. It’s very easy to fall into the trap of purchasing sweets, junk food or an extra bottle of wine if you are browsing through the supermarket. However, once you have completed your first weekly grocery purchase online, most online supermarkets allow you to make the exact same purchase again and again. This will allow you to stay within your weekly grocery budget and it will prevent you from making impulse purchases.
4. Reduce the booze
You may not like the sound of this one but reducing the booze is a great way to save money. If you are a regular drinker, spend a moment tallying up how much you spent on alcohol every month. You may be astounded by the figure that accumulates at month end. Just cutting back a little could save you quite a bit of money that you can use for other things.