A recent report released by ME Bank showed that 34% of Australians were worried about the amount of cash savings they had on hand. Surprisingly, 40% of households admitted to spending their entire monthly income, leaving no room for savings.
Saving can seem like an impossible task, especially if you’re currently spending a large portion of your income, but by implementing these 8 simple lifestyle changes, you’ll be able to save thousands each year.
1. Review your services and utilities
When was the last time you reviewed bills such as your phone plan, your car insurance or your electricity plan? Regularly reviewing your bills can save you hundreds. Ring your providers or get new quotes online and ask them what they can do for you. Don’t be afraid to let them know that you’re willing to change providers, loyalty doesn’t always give you the best deal.