Trying to save for your next big trip away can seem daunting. Especially in Australia, where flights to go anywhere are super expensive. I managed to save over $8500 EXTRA in just 1 year, by following these simple ways to save! And there’s potential for you to save even more than I did!
Make your coffee instead & save $1825pa
I used to rely on coffee to get me through the day. Minimum one a day. My small soy latte would cost me between $4.50 – $5 depending on where I was purchasing from that morning. If I skipped my cup in the morning, the demon headaches would set in. I would feel like my eyeballs were being pushed out of my head by my throbbing brain. Yes. Caffeine addiction is real.
I decided to give it up when I realised how reliant I had become, and how much money I was spending! Cutting out your morning coffee can save you SO much money in the long run.
BUT if you find yourself not wanting to cut it out completely , you don’t have to! Just start making it at home instead and put the $5 a day that you would have normally spent on coffee, into a savings jar. You’ll be surprised how quickly it adds up – especially if you drink more than 1 a day!
1 cup of coffee = $5
$5 x 365 days in a year = $1825
Make your lunch instead & save $5200pa
I’m guilty of this. The extra 5 minutes sleep always made me feel like it was worth not making my lunch. I would spend anywhere between $15 to $20 on lunch a day. Which didn’t really seem like a big deal – until I did the maths.
Making lunch might seem like a chore, and if you’re like me and can’t be bothered to meal prep, then buy a loaf of bread and make sandwiches at work! That’s what I do. I’ve got a loaf of bread in my desk draw, and an assortment of spreads.
If I’m feeling adventurous I might go and buy and avocado, or some meat from the deli. $5 of deli meats will last me a couple of sandwiches!
Remember, this is only buying lunch at work, I haven’t even included going out to eat on week nights or the weekend!
Buying lunch at work = $20
$20 x 5 days a week = $100
$100 x 52 weeks in a year = $5200
Walk more & save $260pa
It might not seem like a lot, but $260 can be over two weeks accomodation in Asia. As petrol prices keep going up, walking is a great way to save a bit of extra cash, and get fitter while you do it!
Walk to places in your neighbourhood instead of driving = $5 a week
$5 x 52 weeks in a year = $260 per annum
Sell things you don’t use anymore & save an infinite amount! (I saved $1170)
This one seems like a no brainer. So often I have things lying around at home that I used maybe once, and then never again.
The smart watch that you can’t be bothered to charge anymore? Sell it & save $300
Still got that gym membership you never use? Cancel it & save $670 per annum
Your old phone that still works, but is now an old model? Sell it & save $200
$300 + $670 + $200 = $1170
Open a high interest savings account
A couple of years ago, when I properly looked at my finances, I noticed that my bank was charging me account keeping fees, and it wasn’t just a couple of cents.
They were charging me $6 a month, and the interest rate sucked as well! I shopped around to find a better interest rate and lower fees.
Low and behold I found a bank that charged NO account keeping fees, and had the highest interest rate, under the condition that I used my tap-and-go twice a month. Too easy!
So in addition to saving myself $6 a month, I was also making money on the money I was saving. No brainer!
$6 x 12 months = $72 per annum
My total annual savings using just the tips above:
And remember this doesn’t include:
– The interest you could be earning on your savings account
– Buying you meals on the weekends
– More items that you can sell (clothes, electronics, things you don’t use anymore)
Do you have extra tips to save? I’d love to know! Leave them below!