How to save THOUSANDS in 2022: Savvy Aussies share their top saving hacks – from ‘summer funds’ to fancy the ‘envelope’ method
- A group of Australians have shared their top money-saving strategies
- Some opt to shop at Aldi while others make use of ‘summer funds’
- Others use vouchers, buy groceries in bulk and complete financial challenges
A group of Aussies have revealed how they managed to save hundreds of dollars using simple money saving strategies.
Many opt to make use of ‘summer funds’ to save for social activities, while others save by shopping at different supermarkets, making use of vouchers and taking part in finance challenges.
Isabella sparked the conversation by asking the ‘She’s on the Money’ Facebook group how others save money.
Isabella said she too has a ‘summer fund’ where she transfers $2 a day to save for festivals, food and travel during summer – and she often saves as much as $700.
While many opt to make use of ‘summer funds’ to save for social activities, others save by shopping at different supermarkets, making use of vouchers and taking part in finance challenges (stock image)
The social media post was flooded with comments from women across the country.
‘My fiancé and I both do the 52-week challenge and end up with about $1300 each which is enough to cover Christmas presents each year!’ one woman wrote.
Another said she mainly shops at Aldi and alternates with Coles and Woolworths to shop for deals.
‘I’ve been able to get over $300 of free groceries last year without spending a lot. I normally spend about $100 to 140 a week on groceries, so this was a good return for me and it would have been higher if I watched it closer,’ she wrote.
Another woman said she always buys items on special in bulk – such as cereal or muesli bars – and saves $30 on certain items.
‘This year I actually budgeted for every single thing that could come up and all my different savings goals, so I know exactly how much I need to save and put into sinking funds each fortnight. Anything extra goes into my holiday savings,’ a fourth wrote.
Another added: ‘I save all my vouchers from recycling can/bottles and cash them at the end of the year for Christmas food spending.’
Isabella said she too has a ‘summer fund’ where she transfers $2 a day to save for festivals, food and travel during summer – and she often saves as much as $700 (stock image)
Earlier this month a mum-of-two revealed her simple money-saving trick using a handful of envelopes.
To lessen the burden of financial pressure ahead of holiday breaks mum Tracy said she places spare change into paper envelopes labelled with different activities.
Tracy, from the UK, wrote each family day out and the amount needed on each envelope – such as £50 GPB ($93.65 AUD) for ice skating or a day at the beach.
Once she reaches the amount required, the envelope is sealed and stored away.
Tracy said she’s been using the saving tactic for ‘years’ and shared the tip to a popular family Facebook group.
Earlier this month a mum-of-two revealed her simple money-saving trick using a handful of envelopes (pictured)
‘I always feel intense pressure to do lots of things over the summer holidays and with a limited budget and lots to pay out for it can be really hard,’ she wrote.
‘A few years ago I started these envelopes. I work out some things we’d like to do, work out the cost and write on these envelopes then put them in the cupboard.
‘Come summer time I can just grab an envelope and know we can go regardless of what’s in the bank. I’m starting early this year. Hope it helps some other families on a budget too.’
The budgeting tip is the perfect for beginners and parents alike to potentially save hundreds of dollars.