What to do when interest rates and living costs are rising?
Here are some great tips on how to beat the tougher times.
- Reconsider your costs and revise your budget – then keep track of your budget and costs.
- Consider looking at other providers of some of your key costs, such as insurances and utilities, to see if a better deal is out there for you.
- Change some parts of your lifestyle; it’s easy to save a few dollars when you cut-down on a few of the luxuries, for example, you could reduce the amount of restaurant dining or take-aways and cook at home more. Imagine you and your partner/family cutting down on 10 takeaway coffees per week at $5 each and that’s about $2,500 you’ve saved per year!
Use our budget planner tool to see where and how you could save on costs.
Start the savings ball rolling now, it all adds up and creates a good buffer in case costs get worse.
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Sir Francis Bacon
Time Finance acknowledges the Traditional Custodians of the lands across Australia on which we live and work. We acknowledge their connection to this Country and pay our respect to Elders past, present and emerging.