Looking for ways to save money or make a few extra bucks on the side. Check out our 60 ways to save money and pay off your debts faster.

1. Compare house, contents, life and car insurance rates

2. Use the library to find alternative entertainment options, there are videos to watch, books to read or listen to, good old fashioned puzzles and for the kids video games that can be borrowed. All for free.

3. Negotiate your bills

This one can work when looking at hefty medical bills. Check that you haven’t been billed for something insurance or medicare should cover. Also you may also be eligible to fill out a hardship form which will wave your fees.

4. Find a new energy supplier

Certain parts of Australia have multiple service energy providers. Check out this web site to see if your area is covered by another provider. http://comparator.qca.org.au

5. Find a new phone agent

It’s worth an internet search to see if you can get a better deal. If you’re in a contract you can still negotiate the bill if they are offering better deals now. Some companies offer extra bonuses, like increased data, if you transfer your number.


6. Compare your health insurance or drop it if your income is less than medicare levy cutoff and you can receive service from a public health service. Most doctors operate in private and public sector and are available anyway. Recent changes to Queensland health mean there are no wait periods now. However, if you still need private cover and it works for you check if you are paying for extras you don’t use. e.g. Glasses when you have 20/20.

Tailor make you private cover. There are websites set up for comparison shopping health insurance. Try them out.

7. Simplify your wardrobe. Buy clothes that work with more than one outfit. Check out the op shops before hitting the shopping centres. There are gems to be found there for a fraction of the cost.

8. Sell your clutter

Ebay is perfect for this. But you can go old school and have a garage sale.

9. Cut off your landline

Landlines can cost you over $35 a month just in line rental. Most mobiles phones offer such a great deal these days that you probably could end up never using your home phone. Even if you have a bundle deal you could find that you’d be better off saving that $420 a year or putting towards paying off your debts.

10. Turn off your standby TV and appliances.

Even on standby your appliances use power. That all adds up to increase your energy bill which cost you money. With power increased by 45% over the last 7 years can you afford to stand by?

11. Save money on exercise

Don’t buy expensive gym memberships that you won’t use after a month. Buy yourself a good pair of shoes and go for a walk around the neighbourhood or nearby parkland. Make it a social catch up with friends a few times a week. (Tip. You can save money and make new friends with this one if you are a gardener. If you see a plant you like, ask the owner for a cutting.)

11a. Save on Gym membership fees

If you like a more vigorous exercise routine invest in basic exercise equipment from second hand stores or department stores like Kmart.

11b. Shop around and haggle memberships

If you like the gym for the company, friends and challenging environment save money by shopping around. Compare the prices and change gyms or tell your gym you want to stay with them but want the more competitive price.

12. Buy used/reconditioned stuff instead of new.

13. Live in a smaller home

Scale down. Less cleaning products to buy, less space to cool if you use air conditioning, or heat in the winter. Less furniture too.

14. Renting? If the rental market has dropped renegotiate the rent.

15. Buy a second hand car

Cars lose 30% as soon as they roll off the show room floor. But watch this video first

16. Shop after the season

Pick up next years Christmas decorations the week after Christmas. They are practically giving them away. Please don’t try this with easter eggs.

17. Shop when no one else is

You’ll strike a better bargain if your product isn’t in demand.

17a. Only shop when you need something.

18. Free home entertainment

Now that computers are easily connected to televisions it is possible to watch the latest movies without having to drive to the video store. Legally of course.


19. Lower rates on monthly bills

If you pay your insurances or rego monthly it may be cheaper to pay them annually. Put the money away each month in a high interest saver gain the benefit of the extra interest you receive. Save money and make money.

20. Go out to dinner half price.

Everyone loves a night out sometimes. If you go out on specials nights you can end up saving plenty on meals. Some places offer kids eat free Tuesdays or two for one prices on their slow night.

21. Save more and stay at home.

Alternatively, if you eat out a lot, stay at home and cook. Or not even cook. Local IGA’s or corner stores do hot chooks for $10 and bags of mixed salad for $5. Your night out would have cost you a lot more.

22. Maintain your things

Not maintaining cars or mowers can end up costing you much more in the long run. There are simple things you can do to maintain things yourself. Youtube tells you how to do anything these days. Changing the mower blades or the oil in your car could be the click of a button away.

23. Have pets? Low income brackets receive discounts on neutering.

24. Hungry pets? Buy discount pet food in bulk.

25. Fit pets? $2 shop sells same products as the brand name pet store.

26. Take left overs for lunch.

Make a bit extra for dinner and pack it away ready to grab on your way out to work. This could save you around $10-$15 every time you have to buy your lunch.

27. Become a mystery shopper.

You can find some great bargains mystery shopping but you also get paid in free products or cash.

28. Cancel unused subscriptions and memberships

29. Dog Walk and pet sit

30. TAX deductions

Research and find all the TAX deductions you are eligible for

31. Write a list before you go shopping

32. Get a change jar

At the end of each day put the change from your pockets into it and add it up at the end of each month. Add that to your savings account.

33. Buy products in bulk (from cheaper outlets) that you use regularly. Soap, detergent, shampoo. Go in with family or friends to buy in bulk. Some butchers will sell you a half or quarter of a cow that you can share and split the costs, or similarly bulk buys at the supermarket.

33a. Try vinegar & bi-carb

For basic everyday cleaning tasks try using alternatives like vinegar and bicarb soda. Vinegar is a great fabric softener and good for wooden floors. Bicarb soda is great for ovens and baked on stains or tea cup stains.

34. Grow fruit and vegetables.

Or If you don’t have a yard to garden in set up small pots for herbs and salad greens.

35. Hide your savings or deposit into hard to reach accounts e.g. accounts that take a couple of days to transfer out from.

36. Use higher interest rate savings accounts.

37. Buy generic brands. Some are better than the big names and if they are just the same, you can’t tell the difference, then go the cheaper option. Don’t get sucked in by great marketing.

38. Stay clear of food courts. Enjoy a home made lunch in a park instead – fresh air and stress relieving.

39. Register to receive coupons from the shops you regularly shop at and from coupon sites..

40. Join loyalty or rewards programs for services you use.

41. Maintain your budget. Make yourself accountable for all of your spending.

42. Do your own hair and nails

43. Carpool

44. Tax deductible giving

45. Check out the Dollar Shops for home decorating items, be surprised at what you can find that looks like magazine quality at home.

46. Avoid shops that stock products you love and buy impulsively from.

47. Ask the big questions

“Do I want it? Why do I want it? Do I need it? Can I live without it?”

48. Be fussy!

Be picky when retail shopping. Is it exactly what you want? Adopt the motto: “If you don’t love it don’t buy it.”

49. Budget your entertainment – so you don’t feel deprived.

Allocate a certain amount of money for entertainment. Spend your money on toys or concert tickets but stick to your budget.

50. Cut back on processed foods

Back off from heavily processed food. They often cost more than unprocessed foods. Even within the quickly consumed products like meats. Ham is cheaper per kilo than salami for example.

51. Cheap fuel

Find out where the cheapest fuel is near you. Defeats the purpose if you drive across town for it but if there are competing stations in your neighbourhood or near where you work go to the cheapest one. Save your shopping docket too. But remember those servos are not always the cheapest.

52. Cheaper shopping options

Always shop at the supermarket and never the “corner store”. Try an op shop first when you need new clothes.

53. Find cheaper entertainment alternatives e.g. live bands at pubs as opposed to concerts

54. Cut down on alcohol

55. Quit Smoking

56. Mow your own lawn

57. Move away from “present-centric” celebrations. Christmas, for example, move to secret santa or a present list where each person buys one nice thing for one person, instead of presents for everyone.

58. Entertain at home and encourage “BYO” food and drink

59. Make gifts instead of purchasing them. The trick with home-made gifts is “it is all in the presentation.” Look online for inspiration.

60. Decorate your home with found objects, release your creativity and maybe even find new passions.

If you’re facing financial hardship we are here to talk about a solution. Call us on 1300 887 211 or Book a Free No Obligation Phone Consultation with our friendly team and we can discuss debt management options specially focused on your personal situation.

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