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Looking for your budget saving tips. Already know about Barefoot investor.


Posted by mom762, 9th July 2020


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  • Shopback app is great for purchasing online and get a.portion of your spending back:)


  • This might be digressing a bit, but I use sites like OzBargain and TopBargains. Occasionally you may find a deal that’s relevant to you and even freebies and free samples. They also other things like forums and a page of comparison sites. My favourite is PriceHipster.
    This suggestion is more so spending rather than budgeting. But if you’re going to spend anyway, you might as well save as much money you can or utilise the best value for money.


  • We also buy in bulk (we do not hoard) and buy specials to save money. We bulk buy and use the freezer and pantry and money is saved on products. We also buy seasonal produce which also saves money and meal plan.


  • I use half price app which notifies me things that are on sale half price in Coles and Woolies


  • We use planners and organisers to assist with budgeting and saving money. Using a planner and organiser makes perfect sense when saving money. Using them; plans and tracks any spending and keeps the household budget and savings in order.


  • Go shopping once every fortnight you will save by doing that and if you order online it will also stop you grabbing items not on your list, you must have a shopping list. Another way I saved was after I shopped I put all my 5 and 10 cent coins in a jar and if you need something urgent say bread or milk and if you don’t have enough cash for it check what you have in your jar you will be surprised what you have and the jar is only for emergencies. Always think do I really need to buy it can I manage with what I have. I always try and make meals do more than once like curries stews and also for summer do roasts to use for cold meat. Cook Silverside have as main meal then cold meat for summer the more you do this the more you will save and don’t cut your meat thick. Look for recipes that gives you ideas and recycle don’t buy new clothes but I buy new shoes but I look for the best price on what I need, you will get the hang of it and once you do you will be amazed what you save.


  • Some shopping ideas are;
    – buy second hand when you can. Facebook Marketplace, Gumtree and eBay are good.
    – our supermarket often has items at half price. I stock up when things are cheap. It’s not unusual for me to buy 12 of an item. As long as it is something that we usually buy and will continue to use.
    – buy to freeze. When fresh foods are cheap or in season. Buy more to freeze for when they are expensive.
    – Pay in cash to avoid fees (dependent on your bank)
    – Meal plan and…….
    – ……..take a list to the supermarket.
    – Remember the ‘Look after your pennies and the pounds will take care of themselves.’
    – Remember to take your bags to the shops. 2 bags at 15c each week for a year is over $15 (see the above saying.)
    Have fun and happy saving :)


  • Your question is a bit general – which particular areas are you looking to save money?


  • We also follow a “BFI” but do our own things. I don’t pay my bills straight away I leave the money in our offset as long as I can. We meal plan reasonably strictly and invest in ourselves!


  • Preparing cheap meals that make multiple portions such as soup/rice ect and avoid going out for dinner will save you heaps of money.


  • Wow! Thats amazing! Thanks!


  • I know you said you are already aware of it but just thought I’d say I found the barefoot investor great but adapted his ideas to suit us better. So roughly set up similar accounts but merged a couple and slightly changed the percentage of income to go to each place etc.

    If your saving for something in particular it could be worth Checking what you spend each month on bills and food etc. Working out what they is weekly (upping it just a little to work as a buffer. Maybe $25 etc a week, to give yourself a little buffer) give $50 a week for splurging, coffees takeout or a mini savings if you let it sit a couple weeks, and you can do some shopping for clothes or other unessentials. And then the rest of the pay goes straight into a hih interest savings account. This is how we saved for our house. In under 2 years we saved over $100,000, brought a brand new $30,000 car and had a wedding worth roughly $20,000. Towards the end of that time at least 6 months worth was on one income and we spent a heap of money on buying baby stuff. We also did a few trips stbay would have gone close to $1,000 each.


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