If not kept in check; everyday expenses can see you blow your budget.
If not kept in check; everyday expenses can see you blow your budget. These simple tips may seem obvious, but how many do you follow?
Call your local car dealership and find out which grade of fuel is recommended for your car. Many people think using a higher grade will make their car run better but it could be costing you 20 cents more per litre for little benefit.
Books, magazines and DVDs
Make the public library your one-stop shop for book, magazines, DVDs and CDs and you could save a fortune without having to give up your entertainment. If there’s a hot title which isn’t available at your library, consider getting together with likeminded friends and splitting the cost.
Make your own lunch
If you’re still working, taking your lunch with you could save you more than $25 per week. For those no longer in the workforce, plan your day so you can have lunch at home, or take lunch with you to save you eating out.
Quite simply walking not only saves you money on fuel, parking and transport, it is also a great form of exercise. So if you’re close enough, leave the car behind.
Tap water quenches your thirst
On the occasions when you can afford to eat out, drink tap water if the restaurant doesn’t allow you to bring your own. A glass of wine may be a nice accompaniment to your meal, but this is where restaurants make most of their profit.
Review your cover
It’s often easier just to renew your insurance policy when the time comes but an hour or two reviewing your needs and shopping around for a cheaper alternative could put some extra dollars in your pocket.
Avoid the convenience store
If you compare the price of the 10 most common items you purchase at your convenience store to those in the supermarket, you could find a difference of up to 45 per cent on some items. While this may not be such an issue if you’re just purchasing now and again, it can make a difference over the course of a year.
Pay down your debt
Paying more in interest than you have to is the quickest and easiest way to waste money. Use a credit comparison calculator to work out how much just a few extra dollars each payment could save.
Give up a bad habit
If you smoke, drink or consume you own weight in jelly beans, giving up a bad habit can give you cash to spare. With cigarettes now costing an average of $16, you could save $56 per week if you smoke one pack every two days.
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