30 days of Money Saving Top Tips

30 days of Top Tips

Day 1 Top Tip – Keep a track of absolutely everything you spend+save in a notepad or excel spreadsheet. #Underspent #30daysofMoneySavingTips

Day 2 Top Tip – Avoid overspending and spending BIG. We all have different circumstances/income etc but always aim to live within your income & check your spending. Research suggests that many people are overspending on a house that’s too big and a car that’s too new. Many people are living in a huge amount of debt just to pay for the house, car etc etc #Underspent #30daysofMoneySavingTips

Day 3 Top Tip – Spend Less, Buy Less and Save More. This is one of the most practical, easiest and simplest tips. if you think this is going to be really hard, here are my 2 thoughts: Thought No.1 The average Aussie household throws away $3,500 of food every year. That’s $67 of food in the bin every week!! Thought No.2 For just 1 week try buying only what you really ‘need to have’ e.g. Milk and loo roll and cut back on the “nice to have’s” eg takeaway coffees and magazines. Try it #Underspent #30daysofMoneySavingTips

Day 4 Top Tip – Get started on paying off all of your credit cards. Credit Cards are great for absolute emergencies…. For example you have a medical emergency or your car breaks down in another city. Most credit cards have a annual fee, very high interest rates and they encourage us to build up and create mountains of debt. I have a credit card for business travel use only, the credit card is locked away in a filing cabinet and I pay off the credit card as soon as I receive the bill/statement. This works for me! #Underspent #30daysofMoneySavingTips

Day 5 Top Tip – Cut food costs. Everyone knows that shops and supermarkets have marketing campaigns that want us to spend lots of money, impulse buy and buy things that we would never normally buy. There are 10 things we can all do to cut food costs: Plan meals, make a shopping list, stop the “ready meals”, avoid things in packaging e.g. pre-cut veggies & salads, no microwave meals, buy fresh food, look at the labels at the costs per gram or litre, buy fresh food to cook in a slow cooker, know how much money things should cost and pay for your food shopping with cash (not cards). #Underspent #30daysofMoneySavingTips

Day 6 Top Tip – Sell your junk. It’s a great tip for a Saturday. A recent survey by Gumtree revealed that the average Aussie household is sitting on $5,000 worth of unwanted stuff. The most common unused items are clothes, shoes, books, music, CDs, DVDs, games and toys. We all buy stuff we don’t really want or need…. THEN, we have to rent a storage unit or build an extension, or convert the attic or move to a bigger house to store all our stuff we don’t want, use or need! What worked for me was to clear out one cupboard or one room – one at a time – and to sell the items on Gumtree. You’ll be amazed at how it makes your cash savings grow 🙂 #Underspent #30daysofMoneySavingTips

Day 7 Top Tip – Get a hobby! Everyday people tell me that they go to the shopping mall/centre every Saturday & Sunday. They spend money they don’t have, on things they don’t need, because they are bored. There are loads of hobbies that cost little or no money, for example a walk on the beach, a bike ride, a picnic in the local park, swimming in the ocean or join a book club or a walking club. When you are outdoors you don’t spend money! What will you try? #Underspent #30daysofMoneySavingTips

Day 8 Top Tip – Take your own lunch to work or school. Everyone knows this one… But when I interviewed office workers in Brisbane earlier this year men and women told me that they could easily spend $25 a day on take-away coffees, snacks and fast food. That’s more than $100 a week and more than $7,000 a year. What could you do with $7,000? What works for me is to take leftovers for lunch. Today I’ve got roast from last night’s Sunday roast! I also keep a box of breakfast cereal and milk at work for snacks. #Underspent #30daysofMoneySavingTips

Day 9 Top Tip – Save money. Whether it’s 1%, 5%, 10% or 20% of what you earn, just commit to save some money every week, fortnight or month. Once you start saving money on a regular basis you’ll see that it really starts to grow very quickly! #Underspent #30daysofMoneySavingTips

Day 10 Top Tip – Turn off the TV. Remember the BBC Kids TV show “Why Don’t You” always said “Why Don’t You Just Switch Off Your Television Set and Go Out and Do Something Less Boring Instead”. One way to save money is to switch off the telly. There are loads of cost savings. First you save on electricity (!) but more importantly you reduce your exposure to advertisements that encourage and persuade you and your kids to spend, spend and spend some more money. #Underspent #30daysofMoneySavingTips

Day 11 Top Tip – Just say No! In the western world it’s often more acceptable to be polite, than to be honest. Men and women tell me that they say ‘Yes’ and buy things they can’t afford because they find it impossible to say ‘No’. We end up buying things we don’t want and spending money we don’t have simply because we’re too embarrassed to say ‘No’. We then walk away from the situation feeling annoyed, angry, weak and vulnerable. Next time someone tries to sell you something that you don’t want just say “No”. Don’t worry about what they say about you – Be the person you want to be. #Underspent #30daysofMoneySavingTips

Day 12 Top Tip – Commit 5 minutes a day to your financial goals. What are your financial goals? What are your big dreams? What’s your minimum savings to be prepared for unexpected life changes? Spend 5 minutes every day doing tasks that help you get closer to your goals. You decide what your goals are, the point is, just commit 5 minutes every day. #Underspent #30daysofMoneySavingTips

Day 13 Top Tip – Join your local library. New books in Australia are now typically $35 each and magazines around $10 each. Books are awesome. I love books but it can be an expensive habit! Join your local library. As well as getting access to new hardback and paperback books you can all get e-books, magazines, DVDs, music and Internet access for free! Plus if a book you want isn’t there most libraries will get a copy in. #Underspent #30daysofMoneySavingTips

Day 14 Top Tip – Presence is the greatest present of all. This Sunday give your family and friends the gift of your time… It costs absolutely nothing – it’s free and will make their day! As Maureen Lipman always said on the British Telecom TV adverts “It’s good to talk” #Underspent #30daysofMoneySavingTips

Day 15 Top Tip – Don’t pay yourself first. Most people pay themselves first, splurging on clothes, cars, holidays, entertainment, house renovations etc because they fall into a trap, explained by Parkinson’s Law. Parkinson’s Law says that as people earn more money, their spending increases. When the bills arrive – the gas, electricity, house insurance, schools fees and council rates – most people don’t have any money to pay them. Parkinson’s Law is one of the best known and the most important laws of money and wealth accumulation. #Underspent #30daysofMoneySavingTips

Day 16 Top Tip – How much are you spending on transport and car loan? The Australian Automobile Association released its Transport Affordability Index. Brisbane households spend $54 a day on transport. That’s $19,000 a year OR 17% of their total household income. The typical Brisbane 2-car household spends $377 a week on transport with weekly car loan payments at $123.80 ($18 a day). Costs are higher in Sydney but apparently similar in USA and UK. #Underspent #30daysofMoneySavingTips

Day 17 Top Tip – Stop trying to keep up with the Joneses!! We live in a world where everyone must have or have better than their neighbours; bigger TV, newer car, fancier furniture. This leaves us feeling stressed, anxious and in debt. Instead, learn to be happy with who you are and what you have. Let’s face it, the neighbours might have a flash car, but they may also have a huge amount of credit card debt! #Underspent #30daysofMoneySavingTips

Day 18 Top Tip – Use your lunch hour to make money. Most of us eat our lunch at our desks. Many of us would probably agree we “waste” 5 hours a week surfing the Internet or checking social media. Instead use your mobile phone and your lunch hour to sell things you don’t want on eBay or Gumtree. #Underspent #30daysofMoneySavingTips

Day 19 Top Tip – Insource your chores. This might be unpopular…. but if you have debts, bring your chores back in-house. Many households pay for a cleaner, a laundry service, a ironing service, dry cleaning, food prep, food delivery, a window cleaner, a mowing service, a gardener, a Virtual Assistant to pay their bills and go to the local car wash every weekend. Some people tell me they spend around $300 every week out-sourcing their chores. That’s $15,000 a year! Insource your chores and use the money to pay off your credit card or mortgage debts. If you have kids, set up a rota and share the chores around. #Underspent #30daysofMoneySavingTips

Day 20 Top Tip – Take your own snacks and water everywhere. Buying drinks and snacks on a day out, at the movies or at shopping centres can be very expensive. It’s easy for a family to spend $50 on a few snacks and drinks. Taking your own re-usable water bottles and carrying a few snacks such as fruit and some snacks from the pantry can save you an absolute fortune. #Underspent #30daysofMoneySavingTips

Day 21 Top Tip – Go camping. For a cheap weekend away or a low-cost family holiday, go camping. If you don’t have a tent and all the gear borrow it from someone else. If borrowing from friends and family isn’t for you then check out one of the many websites offer camping gear for a small “hire cost”. #Underspent #30daysofMoneySavingTips

Day 22 Top Tip – Save for Christmas throughout the year. Christmas can be a very expensive time of the year: Christmas cards, presents, parties, food, decorations and entertaining… The list is endless. Set up a “Christmas bank account” or put an old jam jar in your kitchen pantry and save a little money each week throughout the year. #Underspent #30daysofMoneySavingTips

Day 23 Top Tip – Save money for your retirement and old age. We all need adequate financial security to ensure our independence, and more importantly our dignity, in our retirement and old age. For a dignified old age save money for your retirement and old age every month. #Underspent #30daysofMoneySavingTips

Day 24 Top Tip – If you are a two-income family try living on just one income. Even though you both have a good income try (or work towards) living on just one income and save the other. Lots of couples find that saving one income and living off the other, for a few months or maybe a year, enables them to save a deposit for their first home. #Underspent #30daysofMoneySavingTips

Day 25 Top Tip – Embrace second-hand. Need new kids clothing, new school uniforms, a larger desk for the kids bedroom room or a new lawnmower?. Most people head to their local shopping centre or mall and buy something new. Taking the time to look in the local newspaper or on marketplace websites such as Gumtree you can often find the item you need at a fraction of the cost. Getting what you need and saving money. #Underspent #30daysofMoneySavingTips

Day 26 Top Tip – Pay bills on time. The late fees on bills – such as water, electric, telephone, credit cards, speeding fines and road tolls – may not seem that much… A few dollars here and there. But, if you are paying late fees on every bill, each and every month it soon adds up to hundreds, maybe thousands, of dollars a year. #Underspent #30daysofMoneySavingTips

Day 27 Top Tip – Give up one habit. This is a difficult one, but as they say “no pain, no gain”! Try giving up one habit for a month. Perhaps it’s the $10 you spend every day on a coffee & a croissant on the way to work, maybe it’s the $30 take-away pizza on Friday nights, the $200 gym membership you hardly use or the $100 family cafe breakfast on Sunday mornings. If giving up is too hard for you, maybe cut back! #Underspent #30daysofMoneySavingTips

Day 28 Top Tip – Convenience Stores. They are called “Convenience Stores” for a reason! They are much more expensive because they are convenient. Shopping at your local supermarket or market instead of Convenience Stores can save lots of money over the period of a year. #Underspent #30daysofMoneySavingTips

Day 29 Top Tip – Check your insurance policies. Are you paying for things you don’t need? Are you paying for things you no longer own? When did you last assess you insurance policies? Check what’s included and excluded from all your insurance policies – home, contents, car, travel, health, life etc – assess and reassess your insurance cover. #Underspent #30daysofMoneySavingTips

Day 30 Top Tip – Check what automatic payments you have. Check your bank statements and credit card statements. What monthly or annual payments are you paying? What are they for? You might be amazed at what’s going out of your bank account or onto your credit card without you knowing or realising. #Underspent #30daysofMoneySavingTips