Top 10 everyday money saving tips

Do you buy a coffee every day? Treat yourself to lunch? Cutting back on small spends throughout your week can save a significant amount of money in a year.

Whether you’re savings goals are small like buying a new TV or taking a holiday, or a bit larger, like a deposit to buy a house,  it’s never easy. Temptation lurks around every corner, trying to sabotage you and your financial goals with cupcakes and cappuccinos. To help you turn your loose change into folding money, we’ve put together a list of our top ten money saving tips – with just a few small lifestyle changes, you’ll be well on the way to reaching your saving goals. 

1. Make your own presents 

Handmade gifts are often much more that the item being given. They’re a demonstration of time, effort and thoughtfulness; anyone can go out and buy a pair of socks for you, but how many people will spend the time to knit you a pair? Even something as simple as a hand-painted card can hold a surprising amount of sentimental value.

Best of all, it’s almost always cheaper to DIY. Start making presents yourself, and before you know it, you’ll be filling up both hearts and piggy banks.  

2. Write a shopping list 

How many times have you strolled into the supermarket to buy ingredients for dinner, then walked out with a tub of fancy ice cream, two punnets of raspberries, a magazine, 6kg of Himalayan rock salt (it was on special!), half the ingredients for dinner, and no cash left in your wallet?

Writing a shopping list can be a foolproof way to avoid those supermarket slip-ups. Well, it’s not quite that easy. Anyone can write a shopping list, but sticking to it is the key to success. Treat your list as a sacred text, follow it to the letter, and it will help you stay on track. 

3. Have a night in with friends 

We all know how easy it is to spend money when you’re out on the town. It’s almost scary how easily “Sure, just one drink after work” can turn into “The next round of margaritas are on me”. To avoid burning a hole in your pockets, try hosting a good night in with your friends. A board game night, movie night or a low-key dinner party are all great, affordable ways to blow off steam.  

4. Drink more water 

It’s great for you, and it’s free! Your body and bank account will thank you for it. 

5. Cook in bulk

Buying ingredients in bulk = cheaper.

Fewer trips to the shops = less money spent on fuel and those sneaky extras you add to the basket each time.

More food = more leftovers = fewer takeaway orders.


Cooking in bulk = more savings in your pocket.


6. Only buy once 

It can be easy to just follow the price tag when you’re trying to squirrel away every spare cent. Cheaper is better, right? Well, not always. 

For everyday necessities, it can absolutely be worth spending a little more to buy something that lasts. A $100 frying pan is better than three $40 frying pans that keep breaking. Do your research, and don’t be afraid to spend a bit in the short term if it’ll mean saving in the long term. 

7. Quit smoking 

If you still smoke, it might mean the difference between a romantic tropical getaway, and a night in a local 3-star motel. 

While quitting smoking isn’t easy, it is worth it in the long run. Check out this nifty savings calculator to help you estimate how much money you could be saving instead of spending on the habit. 

8. Find inspiration and keep it close 

We get it. It’s easy to forget why you’re saving when you’re staring down the business end of happy hour on Friday afternoon. That’s why it makes sense to set a goal, and keep a reminder of that goal close at hand.

Want to a trip to Bali? Or saving to do some renovations? Make an inspirational picture of your dream house the lock screen image on your phone. 

Little memory aids like these will help to keep your saving goal present when temptation strikes. 

9. Cut down on small treats 

Sorry, but saving means sacrifice. That doesn’t mean you need to live as a joyless hermit in the woods somewhere. Rather, you just need to identify the everyday extravagances that are adding up, and try to dial them down.

Trade in the daily café coffee for a once a week café coffee and instant on the other days. Skip the appetisers and just have main and dessert instead. Stick to tap water and don’t buy bottled water – you will also reducing plastic waste as well.  Remember – every little bit counts! 

10. Create a budget 

Now, it’s time to crunch the numbers! Check out our guide on How To Create A Weekly Budget for all the details.  

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