15 Simple And Easy Ways To Save Money

by | Sep 4, 2018

Save your salary with these 15 tips!

High school sweethearts Matthew and Bianca (and Positive Real Estate clients) don’t earn massive loads of money – in fact, they earn less than $40,000 p.a. each – but they own a property portfolio worth millions.


They manage their money wisely, taking the long view on their financial future. Rather than focus on what they “want” in the here and now, they set goals based on what they want to achieve in the future.

Planning and goal setting combined with good money management is a powerful force.

No matter what your income, you can achieve a good result when you understand the concept of sacrifice in order to obtain a future return.

The following 15 tips can help you save money – both for things you need now and for your financial future. They’re not complicated, however you do need discipline to put them to work for you:

15 Money Saving Tips

  1. Avoid impulse buying (e.g. Maccas Drive through or online shopping)
  2. Cook more meals at home, limiting eating out for special occasions – once per week maximum –if you have to!
  3. Pack your lunches from home ($10 per day is $2,600 each year)
  4. Set a daily spending limit. When you underspend, put the difference in an interest bearing account to go to work for you
  5. Purchase sale items you normally buy; don’t buy it just because its on sale!
  6. Buy clothing seasonally (e.g. buy winter items during spring sales)
  7. Have money set aside by your employer before you receive your pay
  8. Eliminate pay services for something you can do yourself – do you really need a cleaner?
  9. If you have any unhealthy habits (e.g. smoking and/or drinking) reduce or eliminate them to save not only money, but improve your health
  10. Sell your stuff online instead of throwing it away – try eBay or Gumtree
  11. Don’t buy season tickets
  12. Cut your extraneous utilities and/or those things you can live without either permanently or for a time (e.g. pay tv, home phone)
  13. Research and comparison shop on big ticket items (e.g. washer/dryer, TV, etc)
  14. Keep receipts for items you buy at work (that aren’t reimbursed) for use at tax time (e.g. home office expenses, work travel in your personal vehicle)
  15. Don’t incur late fees – always pay your bills on time!

Remember that it’s the little things that add up.

Coffee is a good example. If you bought two coffees per day at $3.50 each you would spend $2,500+ per year!

That’s a testimony for brewing your own if I ever saw it!

When you look at your daily habits in this manner it’s easy to see how quickly money can slip through your fingers!

Take a look at where money might be leaking by keeping a detailed list of your spending for at least two weeks – even longer is better.

If you’ve never done this before you’ll be amazed by what you discover.

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