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 www.strawberrynet.com . 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 www.goswitch.com.au 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
advertisement
Our sites - most read articles
Top stories
Latest news headlines - Ninemsn NewsLatest news headlines and breaking news from Australia and the world. uuid:376af839-2125-4c86-af7e-6824c6fcc363;id=321142014-07-28T08:14:50Zhttp://9news.static9.net.au/content/images/rss-logo.pnguuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32115Brave koala clings onto car for 88km after being hitA lucky koala has been given a second chance at life after being hit by a car and surviving an hour-long drive clinging desperately to the vehicle's grille.2014-07-28T17:47:56+10:002014-07-28T08:14:50Zuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32116YOUR SAY: Headphones blamed for Victoria pedestrian deathsVictorian police are considering radical new measures to curb a spike in pedestrian deaths and accidents, including banning the use of headphones or mobile phones for people walking in Melbourne's CBD.<br>2014-07-28T17:43:03+10:002014-07-28T08:14:50Zuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32117Olympic diving legend Chantelle Newbery tells how she hit rock bottom over a drugs charge<p>Former diving golden girl Chantelle Newbery has revealed how low she fell, as she pleaded guilty to drug charges.</p>2014-07-28T17:30:51+10:002014-07-28T08:14:50Zuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32118Wear yellow and be kind on Friday for Allison Baden Clay's legacy, friends urgeIt was her favourite colour, now yellow is the symbol of Allison Baden-Clay, a woman tragically killed, whose legacy lives on.<br>2014-07-28T16:47:16+10:002014-07-28T08:14:50Zuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32119Slipper found guilty of dishonestyFormer House of Representatives Speaker Peter Slipper has been convicted of dishonestly using taxpayer-funded travel dockets.2014-07-28T17:57:33+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32120Rolf Harris celebrity plaque stolen in Western AustraliaFallen entertainer Rolf Harris' commemorative plaque at WA's Celebrity Tree Park has been stolen.2014-07-28T16:58:30+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32121We may not recover all MH17 victims: AFPDifficulties gaining access to the MH17 site, its overall size and trauma to victims' bodies have led to doubts over whether all remains can be recovered.2014-07-28T15:58:47+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32122Syria trip for love not war: accusedA man accused of preparing to join the Syrian civil war said he was travelling to meet his fiancee but didn't know her name, a Melbourne court has heard. 2014-07-28T14:48:14+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32123New Zealand paper reports on death of Israeli soldier, uses photo of dead Jackass starA New Zealand newspaper has mistakenly used a photo of dead&nbsp;<em>Jackass</em>&nbsp;stunt man Ryan Dunn on its front page when reporting on the death of a New Zealand-born Israeli soldier who died in a gunfight in Gaza.<br>2014-07-28T15:49:32+10:002014-07-28T08:14:50Zuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32124Man tells of escape from secret NSW cultA man who escaped a secretive religious cult after experiencing years of shocking spiritual and physical abuse and warped sexual rituals has spoken out for the first time in an effort to expose the NSW group.2014-07-28T15:34:34+10:002014-07-28T08:14:50Zuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32125Liberal MPs the focus of ICAC inquiryThe activities of senior former NSW Liberal ministers Mike Gallacher and Chris Hartcher will be examined when ICAC resumes next week.2014-07-28T15:30:54+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32126Call for Israeli fighters to be banned A senior Muslim leader has called on the Abbott government to ban Australians from fighting for Israel in the long-running conflict with Palestine. 2014-07-28T16:31:33+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32127PIN codes may kill off restaurant tipsThe switch from credit card signatures to PIN usage is intended to improve security but wait staff may miss out on their treasured tips.2014-07-28T15:00:11+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32128'Throw the gun out': Crews inquestFor five excruciating minutes, police pleaded with an unseen gunman to put down his gun so they could help their fatally shot colleague, an inquest heard.2014-07-28T14:47:25+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32129Child boss quits after misleading SA govtA senior South Australian child protection bureaucrat has quit over an inaccurate ministerial briefing about a Families SA worker charged with child abuse.2014-07-28T15:51:09+10:002014-07-28T08:14:50ZAAPuuid:376af839-2125-4c86-af7e-6824c6fcc363;id=32130Head-on impact on winding road caught on camera<p>A driver has captured the terrifying moment that he smashed head-on into a four-wheel drive travelling the wrong way on a winding road in regional Queensland.</p>2014-07-28T13:26:04+10:002014-07-28T08:14:50Z
Search the site
Search