March 8, 2021


There is no doubt that with kids, comes additional expenses from more mouths to feed, to more need, to use transport to get them to their various activities, school, sports, clothing, food and everything in between.

So, saving every bit of money that you can counts, especially if you are yet to save up a ‘rainy day’ fund as you never know when you are going to need it.

Here are my top saving tips to get you started:

Save 20% of your pay

Occasionally, bigger expenses are going to crop up, but on the weeks that does not occur, try to put away 20% of your pay for when you need it. It’s always a good idea to have a rainy-day fund and to keep contributing to it.

I recommend putting this money into a high interest account which you can talk to your bank about. Once you feel that you have enough of a ‘buffer’ for emergencies, then you can invest some of your additional saved money. Speak to a financial planner before you do, but options for you may include shares, property bonds, property, salary sacrificing super and the like.

Plan out your grocery shop

Going grocery shopping blind (especially with kids) will often mean that you come home with way more than you need. Make a list of what you are purchasing before you go to the grocery store to make sure you only come out with the essentials, you will be surprised how much you can save when you have a plan.

Furthermore, depending on how much you are planning on buying, sometimes an online shop will be cheaper as grocery stores tend to hide the same items around the store in different prices. If you shop online however, you can instantly see the deals. You can also see the same ingredient that is in the health food store, is also available in the baking aisle for half the price.


Avoid impulse buying

Go shopping to check out what you like and want to buy, but then do your research online and see if you can get a better deal or price elsewhere. You would be amazed how many things sell for a premium price when you can find the same thing online for less.

Be aware of your subscriptions and your insurance

Subscriptions and insurance are where a lot of people lose money. I highly suggest going through your bank and credit card statement and seeing where the money is coming out as it may surprise you to see a number of apps that you don’t even use are charging you among other things.

Additionally, if you have on-demand TV, consider just having one membership. You don’t need Netflix, Stan, Binge and the rest. If you have it streaming on multiple devices, keep an eye out for the best payment model for you as you may be paying way too much

Finally, keep tabs on your insurance. Prices tend to jump most years as insurance companies are not always loyal to their customers, so each year, shop around. Additionally, be aware not to over insure. If you earn less than $60K for example, life insurance is not necessary

Sell what you no longer need

Be it on Facebook market place, Ebay or at the local markets, if you are not using something anymore, sell it. There is no point in holding onto something you don’t use and there is also no point in binning it if you can get at least a little return back from it

We would love to hear your favourite money saving tips! Tell us in the comments below.

  • I’m a save what you can, our living expenses don’t leave much for bills and groceries which is unfortunate and the way the world is now, we pay a lot less than we should be. But also, tell me a bank that does a high interest saving rate with no strings.


  • Some great tips here! Unfortunately high interesting savings accounts aren’t really a thing right now


  • Great tips. Taking the time to develop a budget helps, especially finding ways to make it easy to stick to the budget.


  • Great tips! I need to sit doena nd try some of these out especially getting rid of unused things.


  • I love this list!! I’ve started selling alot of our unneeded items – much to my hubbys disgust! haha! But we have been making around $200-$500 a week on selling some items we just don’t use or have a use for anymore.
    Impulse buying is a big one… try not to do that.


  • 20% is a lot, I’m really trying to keep to our budget.


  • Great tips! I don’t think I can save 20% off our pay


  • Great tips. I do most of this already. I try meal plan but sometimes it doesn’t go to plan.


  • Great tips! I pretty much do all of this already


  • The shopping list is a must for me, otherwise I’d end up buying so much uneccesary stuff


  • I always take a shopping list with me.


  • I always shop online but that’s mainly because I can’t walk around the shop anymore. It worked out to be a big saving bonus because I don’t get distracted by deals. I used to spend around $200 a week. I now shop monthly and my biggest shop is usually $600-$650. that’s a saving of at least $150 a month. It all adds up.


  • I always do pre planning and carefully check the prices and deals before my weekly shopping.


  • Using an off set account for your cash savings (if you have a mortgage) is a good idea.


  • Planning out your meals for the week and then shopping for what you need to fulfil that plan is a huge money saver. It’s also a great idea to plan for a take out. That way you don’t buy food for that night in your shopping and you don’t waste anything.


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