Start saving

With living expenses soaring, just about every cent counts. But what if you had an extra hundred dollars each week?

Money magazine’s Deputy Editor Effie Zahos shares some tips on how to save big bucks every week:

  • Run the kitchen like a restaurant - save $25 per week - take advantage of seasonal produce, make use of leftovers, store foods correctly to make them last and do a regular stocktake of food in the fridge and the pantry.
  • Use generic brands - save $30 per week - if you buy generic toilet paper for example, you’ll save $4 per week. And if you opt for generic prescription brands you’ll save $3. The savings certainly build up.
  • Buy beauty products online - save $16 per week – one of many online beauty shops is . Here you can buy your favourite beauty products for much lower than the normal retail price.
  • Switch lights off - save $6 per week – we waste a lot of money on power. If you turn the lights off at the switch in the meter box from 9am to 5pm each day, this helps to break the bad habit of turning lights on during the day.
  • Utilities - save $4 per week – shop around! Money suggests if you enter your old bill details at it will come up with a deal just for you.
  • Car free day - save $10 per week – if you choose to walk your kids to school, walk to work or go an entire day without driving your car, then you’ll not only save money but you’re doing the environment a favour. We all like a win-win situation!
  • Set up VoIP - save $9 per week – make your calls over the internet and save on your hefty phone bill.

    Total saving: $100

It’s also very important to be conscious of your spending habits. Money suggests that you track your expenses carefully and indentify areas where you can afford to make cuts.

With wise moves such as these, saving for that overdue family holiday or brand new car is made that much easier.

For more information on effective ways to save, be sure to pick up your copy of this month’s Money magazine.

Follow us on Facebook
Most Liked on Facebook
Our sites - most read articles
Top stories
Latest news headlines - Ninemsn NewsLatest news headlines and breaking news from Australia and the world. uuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=135502014-09-21T14:05:15Z;id=13551‘It can get quite traumatic’: the Australian surgeon trading the comforts of Sydney for a Gaza hospital<p>Australian surgeon John Swinnen has swapped the comforts of life in Sydney for the dangers and devastation of Gaza in the Middle East.</p>2014-09-21T22:38:04+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13552Families of German MH17 victims to sue UkraineRelatives of German victims of downed Malaysia Airlines flight MH17 plan to sue Ukraine and its president for criminal negligence for not closing the country's airspace.2014-09-21T21:26:07+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13553Explicit images of Kim Kardashian, Vanessa Hudgens leaked online<p>Kim Kardashian and actress Vanessa Hudgens are the latest celebrities to become embroiled in the recent nude photo scandal, with explicit images of the pair among a set released online over the weekend.</p>2014-09-21T20:42:49+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13554Blaze tears through Central Queensland marina<p>A fireball has ripped through a Yeppoon marina, destroying two boats and setting off multiple explosions.</p>2014-09-21T18:41:49+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13555Man stabbed in Port Macquarie main street after argument<p>The sunny, sleepy town of Port Macquarie on the NSW&rsquo;s mid-north coast has become the scene of staggering violence after a 25-year-old man was stabbed to death early this morning.</p>2014-09-21T19:14:08+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13556Owners face big repair bill after Lamborghini collision in Sydney’s westThe owners of a rare Lamborghini are facing a big repair bill after colliding with another car at Edensor Park.2014-09-21T19:24:26+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13557G20 'test run' a success: Queensland PoliceQueensland's police commissioner has labelled the G20 finance meeting in Cairns a success, saying no-one was arrested in relation to the two-day summit.2014-09-21T17:50:43+10:002014-09-21T14:05:15ZAAPuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13558Prison rejects reports of jihad from jailCorrective Services NSW has rejected reports that security is not strong enough if terrorists plot while inside Australia's most secure prison.2014-09-21T19:51:22+10:002014-09-21T14:05:15ZAAPuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13559Police to scale back search for missing NSW three-year-old William Tyrell<p>Police have begun to scale back the search for missing three-year-old William Tyrell today, nine days after his unexplained disappearance. </p>2014-09-21T17:49:58+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13560Terror laws won't target Muslims: GovernmentThe terrorism crackdown won't target Islamic preachers, rather criminals who incite others to violence, the government says.2014-09-21T16:44:55+10:002014-09-21T14:05:15ZAAPuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13561Environment crusader 'privileged' to be attacked by sharkA popular environmental activist says she feels "privileged" to have been attacked by a shark, as she reveals she nearly died at the jaws of one last year.2014-09-21T14:05:16+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13562Decomposing body found in boot of car on Sydney street<p>A decomposing body has been found in the boot of a car in Sydney's west.</p>2014-09-21T15:59:06+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13563Police hunt woman in violent road rage attackCCTV cameras have captured the shocking moment a British woman grabbed another motorist by the hair and pulled her to the pavement in a daylight road rage attack.2014-09-21T15:47:56+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13564Gadget-obsessed husband tries to win back wife with iPhone 6<p>A jilted husband has queued for 44 hours to buy the new iPhone in a desperate bid to win his wife back.</p>2014-09-21T13:28:59+10:002014-09-21T14:05:15Zuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13565Victorian taxi driver and good Samaritan bashedPolice are seeking a man who bashed a Melbourne taxi driver and good Samaritan.2014-09-21T09:39:29+10:002014-09-21T14:05:15ZAAPuuid:0a6be72c-5b37-494a-89bf-49777438e13b;id=13566G20 to ‘change global destiny’ through ambitious two percent growth target: Hockey<p>Australian Treasurer Joe Hockey expects this week&rsquo;s G20 gathering to lay down the framework for an ambitious plan that will grow the world&rsquo;s economy by two percent, paving the way for increased infrastructure and more jobs.</p>2014-09-21T14:37:36+10:002014-09-21T14:05:15Z
Search the site