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How to cut costs: Top 10 money-saving tips for families

In Features, Home + Living, Stories by Nicole Fuge

Slash your family’s living costs with these easy, savvy money-saving tips.

By Harper Steele

Navigating the latest interest rate rise? Aussie families, especially those with little ones, are feeling the pinch. But fear not! With a few clever tweaks to our daily habits, we can beat the budget blues together. Here’s the lowdown on some nifty, budget-friendly tricks:

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1. Savvy Supermarket Strategies

Plan those meals: Whip up a weekly meal plan and stick to your shopping list – goodbye, impulse buys!

Bulk buys and sales: Keep an eye out for those deals and stock up on non-perishables.

Store brands for the win: Often just as good, but kinder to your wallet!

2. Second-Hand Can Be Your Best Friend

Clothes and toys: Kids grow like weeds, don’t they? Snag some bargains at second-hand shops or online.

Bigger stuff: Nabbing pre-loved furniture or baby gear can save a pretty penny.

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3. Cut Those Bills Down

Energy savers: Switch to energy-efficient bulbs, and remember, every little bit helps – like fixing those drippy taps.

Thinking of solar?: Could be a smart move for long-term savings.

4. Community is Key

Join parent groups: Share tips, babysitting duties, and support with other local parents.

Libraries and community centres: They’re goldmines for free or cheap fun and learning.

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5. Budget Like a Boss

Track your spending: Get your hands on a budgeting app. It’s eye-opening!

Set goals: Knowing what you’re saving for makes it all the more rewarding.

6. Home is Where the Savings Are

Cooking at home: Not only cheaper but healthier too!

Fun with the kiddos: Think picnics, beach days, or home crafts.

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7. Smart Moves in Transport

Public transport and carpooling: Save on petrol and parking.

Walk or bike: It’s free and keeps you fit!

8. Audit Your Regular Outgoings

Haggle with service providers: You’d be surprised how often you can get a better deal.

Subscriptions be gone: If you’re not using it, lose it.

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9. Get Your Green Thumb On

Veggie gardens: Fun, rewarding, and easy on the purse.

Composting: Waste not, want not – and it’s great for your garden!

10. Get the Kids Involved

Money skills for life: Teach them the value of a dollar.

Family budget meetings: Make saving a team effort.

There you have it, folks, our top 10 money-saving tips. A bit of planning, some clever choices, and a dash of DIY spirit can go a long way in keeping your family’s finances shipshape. Remember, it’s all about making those small, smart changes that add up to big savings.

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