Frugality & Saving Money

This section of Oz Investor aims to provide you with the knowledge and strategies necessary to reduce your expenses while maintaining your present lifestyle.

One of the easiest ways to increase your wealth is to cut back on what you spend. Many of these savings can be made without any great sacrifices on your behalf. By shopping frugally, by using your household utilities wisely and by organizing the manner by which you handle your bill payment regime, you can significantly reduce your expenses.

Within this section, we will compare prices paid for groceries at various supermarket chains throughout Australia, and will provide strategies to help you minimise your power, phone and internet bills, as well as the payments made on your personal and automobile loans.

Tips for Saving Money

How to Save Money and Improve Your Family Budget (Daily Coupons Direct, 14 January, 2024)
This helpful guide provides a comprehensive, yet easily digestible, guide to how households can save money, without depriving themselves of life's pleasures. Find out tips about effective budgeting, smart shopping, energy efficiency, DIY skill development and sustainable living - all designed to help you to become more financially free this year.

Fee-free Banking (Choice, 20 November, 2023)
If you're still paying fees on your personal banking, I'm happy to say that cost-saving alternatives are available. To find a fee-free Australian banking option that is right for you, check out this fact-checked comparison of some of the most flexible options available to you, from the trusted teach at Choice Australia.

Free Yourself from the Vicious Cycle of Credit Card Debt - written by Deborah Brown
One of the biggest hindrances to effective saving and debt reduction are the lure of the convenience offered by high-interest credit cards. Here, Deborah Brown outlines the best tactics for the elimination of credit card debt. (Note: Some aspects of this article are directly aimed at US-residents, though the general themes are equally as valuable to Aussies).

Websites That Help You to Save Money

Daily Coupons Direct - These days, so much of what we buy is purchased online. That's where a site like Daily Coupons Direct comes in handy. While it used to be possible to find discount coupons on the backs of receipts, in newspapers and printed catalogues, most of those have gone the way of the dodo. Online, it's all about coupon codes and promo codes. Before making any purchase online, check whether Daily Coupons Direct has a current coupon for that retailer, and you could save yourself a bundle.

Free Stuff for Australians - For even more extreme discounts, you could get lucky and find that some of what you currently put money towards is available for free, or at least on a free trial basis. The iFree website is designed specifically for Australians, and helps to put them in contact with free product samples, contests, money-generating surveys, free alternatives to video streaming subscriptions, homeschooling resources and much more.