With the cost of living as high as it is, it's more important than ever to make sure you're finding ways to save money.
We've got some great tips on how to beat the rising cost of living. These simple hacks will help you save money, make your money go further and earn some extra income on the side. We've broken them down by category:
In simple terms, there's two parts to saving more money - cutting down on your spending and growing your savings:
This includes things like budgeting, tracking your spending and decreasing your living costs to build up your savings. On this page we've included 50 money-saving tips to help you find more ways to save.
You can grow your savings by putting it somewhere where it generates a return, such as a high interest savings account or ETF.
How much could you save per month?
To give you an idea, the average person saves approximately $720 per month, according to our consumer sentiment tracker (November data). NSW and ACT are the biggest savers, putting away $813 and $895 a month. Families with 2 kids are best at saving for a rainy day. They manage to put away over $940 a month.
Pictures: Getty images
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