Tips to save money at home to ease cost of living rise

For most households, the money always seems to drain from the bank account a lot quicker than in went in.

With the rise in the cost of living on everyone’s minds, there are some ways you can cut back on expenses around the home.

Today finance expert Effie Zahos said small swaps can equal big savings and make a big difference to how the bank account looks at the end of the day.

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Home cost cutting to save money
(Today)

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“When you look at groceries, the biggest saving there is actually take away delivery fees,” Effie said.

“A lot of us have taken on the meal delivery service, instead of actually getting it delivered, I’m not saying stop take-aways, but go and pick it up.

“If you are charged over $10 every time, there is a big saving there.”

Effie said delivery costs can total $520 a year.

Some other grocery changes you can make include swapping from fresh milk to powdered, which could save you $88 a year and opting for generic over big brands which could save you $199.

Home cost cutting to save money
(Today)

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Effie said there are also a lot of savings in how you do the laundry.

“Let’s say you do six washes a week and you keep using the dryer. Instead use the clothesline, there is the saving,” she said.

“And go from warm wash to cold wash, again that’s another $300 odd that you can save just by changing your behaviour.”

Another big thing that empties your wallet is petrol.

Even with the fuel tax cut, Effie reminded viewers it will end September 28.

“Check the fuel flap, and see if you can go down in the fuel type,” she said.

“Of course, listen to your car manufacturer and what it says there, but you could save about $263 – based off Queensland prices – if you switch from 98 to 91 octane fuel.”

Effie said you can save a…

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