Category Archives: Money Saving Tips

Are your driving habits costing you money?

Change your driving habits and saveOne of our readers Paul wrote to us: “This may seem silly, but I’m usually a lead-foot who likes to be the first away at the lights and ahead of the pack. Since I’ve cut back on accelerating so hard I seem to save quite a few litres in petrol. Two litres per week multiplied by 52 weeks at an average of $1.30 per litre = $135.20 annual savings.”

Paul’s findings are confirmed by the experts in Canberra. Subtly changing your driving habits will save you fuel and money.  The Department of the Environment’s top 10 tips include: Continue reading

10 ways to reduce your winter heating bill

Save energy and save money on your heating billsIs the thought of your winter heating bills giving you chills? The average Australian household spends 40 per cent of their power bills on heating and cooling, plus 21 per cent on water heating. That’s nearly two-thirds of your household’s energy costs, which means any savings you make in those areas can really reduce your utility bill. Continue reading

Fly high, pay low

How to keep your airfare lowBudget airlines are now providing low airfare options on some of the most popular routes from Australia. When you compare budget fares with those of premium airlines, the savings can be astounding. One of the ways budget airlines keep prices low is by paring back many of the passenger services that full-price airlines provide as standard. We take a look at what those extra costs are and ways to avoid them. Continue reading

Cost of kids keeps rising (video blog)

Rising cost of raising a familyHousehold budgeting is more important than ever with a study revealing that the cost of raising children in Australia has gone up 50 percent in less than a decade. According to the report, the cost of bringing up two kids in a middle income family has reached a whopping $812,000. In this month’s video blog, I share some ideas for keeping family costs under control.

Tammy May’s June 2015 video blog

Teaching cashed up kids how to save

How to teach children about savingAre your kids cashed up? My older two got some money from family members for Christmas and are still plotting ways to save/spend it. A national survey shows that nearly 90 percent of six to 13 year-olds got cash for Christmas, with over 60 percent pocketing $50 or more. When asked what they intended to do with the money, around 40 percent planned to put it in the bank, while 30 percent were saving for a big item, such as a bike. How about your kids—are they savers or spenders? Continue reading

Budgeting for a baby

They say the only thing a baby needs is love and cuddles. And nappies. And perhaps a cot, pram, change table, wet wipes, clothes and toys. Lots of toys. Did we mention an approved car seat? Those cute, little, newborn bundles can sure be budget busters. To help families with financial planning, we are pleased to estimate the first-year costs of having a baby for first-time parents and we share our tips for keeping costs down. (Our estimates do not include costs associated with prenatal, postnatal or pediatric medical care. For those costs, please talk with your care providers and/or health insurer.)

MyBudget Budgeting for a Baby

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