5 ways to ease the cost of living

19 February 2019

The final years of education, and the transition into the world of work is a period of great change. As well as finding your feet in your chosen career path, the number of expenses you're responsible for can mount at an alarming rate.

Finding means to ease the cost of living is, therefore, a priority for many. The NSW Government has come up with a number of rebates and savings techniques that can help you reduce your outgoings – and make saving easier. Here are some examples.

1. Apprentice vehicle registration rebate

If you're a first or second year apprentice who's registered with the NSW Department of Education and Communities, you could claim a rebate for the cost of registering your vehicle.

You can apply for this rebate by post or at a service centre once you've paid the registration or renewal fees.

2. Compare your energy providers

The government website energymadeeasy.gov.au allows you to make changes to decrease the amount you spend on gas and electricity.

By entering your postcode and a recent bill, you can compare the different offers from retailers in your area to ensure you're getting the best possible deal. This tool also gives you the ability to see how your consumption compares to other households in your area, plus you can discover how you can improve your efficiency.

3. Toll Relief

Anyone whose commute involves passing a toll booth knows that these expenses can soon add up.

Toll Relief is a NSW initiative that allows those who pay an average of $25 a week, or $1,300 a year in tolls to register their vehicles for free. The initiative began on 1 July 2018, and if you're eligible, you're permitted to one free 12 month registration for vehicles due between this date and 30 June 2019.

4. Public transport concessions for students

Across Australia, discounts are available for students using public transport. These often exist through travel cards such as the Opal card in Sydney, or Melbourne's myki card, and can reduce fares by as much as 50%.

5. Take advantage of other government rebates

Depending on where you live and your personal circumstances, you may be able to receive other government rebates and savings. For example, in NSW you could receive relief on CTP Green Slips, health, utilities and more. All you need to do is complete an online form of just six simple questions and you can discover the savings relevant for you. 

The information on this website is of a general nature only and does not take into account your personal objectives, situation or needs. You should consider obtaining professional financial, taxation and or legal advice tailored to your personal circumstances prior to making any financial decision.