You may not have to look too far to make some quick and easy savings to your household budget.
Here are some new and not so new ideas that encourage sharing and swapping to improve your savings balance:
1. Car sharing / car pooling
With the cost of fuel on the rise, it makes sense to cut down car travel where you can. That could mean making friends with families in your local area with similar schedules or creating a roster for all those school and sport drop-offs. This is a great money and time saver.
While car sharing through services like CarNextDoor could actually earn you money by renting your car to locals when you’re not using it.
2. House swapping
Aussie House Swap and House Swap Holidays offer house swap services where you exchange your home for something similar and save on expensive accommodation costs while enjoying the convenience of having a fully equipped home.
Aussie House Swap say the average savings can be as much as $1,500 up to $4,000 for a week swap.
3. Swap your Credit Card for a Debit Card
Although credit cards are often a large part of your financial lifestyle, you should think about swapping to a debit card when you’re at the checkout if you want to get serious about your saving.
Using a debit means you’re using your own money and obviously not paying interest, but the other benefit is you can track your spending in real time which helps you stick to your daily or weekly budget.
If you’re not sure what cards are available and which one is best for you, check out Mozo for a full comparison of bank accounts which offer debit cards.
4. Open up your unwanted wardrobe
Save the money you would spend on shopping by swapping clothes you don’t wear for other pieces of similar value.
The Clothing Exchange and Swap Style are two websites designed to save you money and the environment by facilitating clothes swapping.
Both sites give the option for you to sell your items regardless of whether you need anything new.
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