How to ease the cost of living

19 February 2019

While you're conscious of the importance of saving for the future, maintaining a good work-life balance as the cost of living continues to rise can be a challenge.

 

Here are some ideas that can help you to save on some of life’s most common expenses.

1. Compare energy providers

With our increasing reliance on technology in so many aspects of our lives, any way to cut the cost of electricity and gas should be a first port of call if you’re looking to save money.

Across many states, you can compare prices from different providers and review how your consumption relates to other households by entering your postcode and a recent example of a utilities bill into government websites – energymadeeasy.gov.au is one example.

This allows you to ensure you’re getting a good deal, and also provides suggestions on how you can make your energy use more efficient.

2. Get paid to recycle

Did you know your state government could be offering financial rewards for recycling? For example, the NSW Government is offering 10 cents per container when returned to designated collection points.

Containers can be made of glass, steel, plastic, liquid paperboard (think cartons) or aluminium, and must be unbroken, empty and still show the original label. Check out your local area to find similar schemes.

3. Keep your kids active without breaking the bank

Getting your kids engaged in physical activity from an early age sets them up for a healthy life. However, the costs of enrolling children in sports programs can make it a stretch for some households.

In NSW the Active Kids program offers parents and guardians vouchers of up to $100 that can go towards involvement in recreational or sporting activities. You can obtain vouchers for each child aged between four and a half and 18 years who have valid Medicare card details.

4. Take advantage of other government rebates

Depending on where you live and your personal circumstances, you may be able to receive government rebates and savings. For example, in NSW you could receive relief on tolls, 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.

And if you’d like professional advice on how to better manage your money to reach your financial goals, our financial planners can help. Request an appointment online or call 1300 547 873.

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.