20 Easy Ways to Save Money

20 Easy Ways to Save Money

You’re probably tired of hearing people — whether it be your parents, friends or people like us — tell you that you need to start saving more money. What you really need instead are some helpful tips on how you can realistically start growing your savings today. After all, skipping your daily $4 coffee will only take you so far.

So, here are 20 easy ways you can save money every day! And in some cases, these tips will even help you earn a bit more cash on the side.

1. Pack a Lunch Every Other Day

When most of our weeknight dinners are filling, tasty and wholesome, it can be hard to sit in the break room with a depressing sandwich at lunch. However, limiting lunches out to every other workday is a simple way to save $5 to $15 per meal — easily $100 over the course of a month.

2. Make a big batch the night before

An easy way to get into the habit of taking lunch is by making a big batch of dinner the night before. Stir frys, casseroles, pasta dishes and even BBQ’s are perfect for cooking that little bit extra for lunch the next day, meaning your grocery bill is manageable and you can reduce your expenses on lunch even further.

3. Make a List Before going food shopping

I’m guilty of heading to the store hungry and unprepared, wandering each aisle in search of what I “need.” It’s amazing how planning a list of purchases before each weekly shopping trip will prevent me from coming home with an extra bag filled with junk I don’t need and didn’t really want in the first place.

4. Master the 10-second rule

Whenever you pick up an item and add it to your cart or to take it to the checkout, stop for 10 seconds and ask yourself why you’re buying it and whether you actually need it or not. If you can’t find a good answer, put the item back. This keeps me from making impulse buys on a regular basis. However sometimes we all need that chocolate so don’t beat yourself up!

5. Buy staples in bulk

With items we use a lot of or are going to need regardless such as toilet paper, paper towels, cleaning products we head to somewhere like Costco and buy the bulk option. I went to Costco recently and bought some paper towels that cost me $14.99 upfront. The same product in Woolies, purchased separately as I needed it would cost $25. Bulk buying cuts down on their cost per usage by quite a bit and, over the long haul, adds up to significant savings.

6. Clean Out Your Wardrobe

You know you have a tonne of clothes in the depths of your closet. Maybe they’re not your style or don’t fit anymore. Why not list them on eBay, Gumtree, Facebook or Instagram, have a garage sale or spend a day at a bric-a-brac market to make some extra cash? Tip: Washing and hanging everything nicely will increase your chances of making a sale, as will bringing in items that are in season.

7. Use an Automatic Transfer

Here’s an easy way to save without cutting a single expense: Set up an automatic transfer of $25 per week from your everyday account to your savings account. I guarantee you won’t miss the money and it will build up quickly on the side.

8. Transfer Your Credit Card Balance

Expensive credit card interest will eat up the money that could be going toward savings. Seek out a credit card company offering a promotional 0% balance transfer, and move your existing balance to the new card. The catch is though you generally have to pay off your debt during the introductory period, or you’ll be back at square one.

9. Refinance Your Mortgage

Those who financed their homes even just a few years ago can stand to cut a couple of percentage points off their interest rates by refinancing. That translates to big savings on monthly mortgage payments. Rates right now are as low as 3.99% – we can organise a refinance for you, it’s one of the services we offer. Contact us for more information!

10. Invite friends over

By the time you take a cab, grab a bite to eat, order a few rounds of drinks and take a cab back home, you’re looking at an expensive night out on the town. Pick a Friday or Saturday night to stay in, make some pizzas or a BBQ, have some friends over, and tell them to each bring along drinks or a dish to share.

11. Clean Up

There are plenty of people who spend at least $100 on a house cleaner every month. Cleaning up after yourself will save a lot of cash and cleaning the house only takes a couple of hours at most. Save it for a rainy day!

12. Do you really need Foxtel?

How many hours a day do you waste sitting in front of the TV? Better yet, how much money are you wasting paying for cable TV? Now that Foxtel has lost one of their biggest drawcards – the English Premier League, a lot of people will want to re-evaluate this cost. Netflix is only about $8 to $10 a month and you’ll become much more productive once you no longer have 50 channels to flip through all day.

13. Plan your Holidays

Booking last-minute travel is an easy way to pay an extra $100 or more. If you know you will be traveling in a peak time, buy your tickets now!

14. Do some work on the side

Whether you’re a great writer, designer, tailor, coder, landscaper, builder or have another skill people pay for, lend your services to earn a few quick bucks.

15. Quit Smoking Already

You don’t need me to explain the financial benefits of quitting smoking and living healthier, in general.

16. Bottled Water is for Chumps

Bottled water is one of the most wasteful products you can spend money on — get a filter and reuse an aluminium water bottle. This is environmentally conscious, as well.

17. Go Meatless

Have you ever compared the price of a half a kilo of mince and a can of beans? There’s a huge difference. You don’t have to live off tofu to save money, but swapping two meat-based meals a week to vegetarian options will save a lot on food costs.

18. Work It – Outside

Gym memberships are a notorious drain on bank accounts, especially if you don’t use it! But you don’t have to go to the gym to get the body you want. You can quite easily follow any number of fitness instructors or programs for free on Youtube or using apps on your phone and heading outside in your backyard or park for a walk, jog, run or workout using your own body-weight.

19. Rent out unused space in your home

Do you have an extra bedroom that’s not being used? Rent it out on a site like Airbnb! If you live near a popular or tourist area, doing so could bring in alot of extra money. Just make sure you know the risks, know your local council laws and are willing to take the steps required to protect yourself and your possessions.

20. Always keep looking ahead

If you make some mistakes along the way with your savings don’t let them drag you down into more mistakes. Instead, look ahead to the future. Learn to see past mistakes for what they are – lessons that were meant to teach you something. Promising to do better and setting goals can help keep mistakes where they belong – in the past.


Got any money-saving tips you’d like to share? Start the conversation on Twitter or Facebook!


Please note this information is general advice only. Please seek advice before acting on any information in this article. 
Sacha Loutkovsky
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