Combat the cost of living with MyBudget
For over 20 years, MyBudget has helped over 130,000+ Australians set up their financial future and create the savings they’ve always wanted.
We caught up with the budget specialists to pick their brains on how our Everyday Smart eGift Card can help ease household costs, how to stick to a budget and must-have tips for cutting costs.
What’s the benefit of using gift cards for budgeting?
Gift cards, such as the Everyday Smart eGift Card, allow you to shop with fixed limits so you don’t accidentally spend more than you can afford. This helps avoid relying on credit cards and other payment methods, which can result in paying interest or potential fees.
They also allow you to save for special occasions, such as birthdays and Christmas. It all comes back to the mentality of spending within your set limits and gift cards allow you to do just that!
What are two simple hacks to cut costs on groceries and other household essentials?
- Doing grocery shopping online using gift cards from Woolworths or Coles, helps to track how much you're spending, and many supermarkets often have weekly online specials, which help ease the final bill cost. Home delivery costs are also surprisingly affordable and mean you won't be using precious petrol on a trip to the shops and potential parking fees
- Keep an eye on rising insurance premiums to make sure you’re getting the best deal that gives you the right cover you need. Some insurance companies even give you discounts if you pay annually, but only do this if you still have some savings to fall back on.
What are some ways to stick to a budget?
To ensure your money management skills are sustainable, it’s important to be flexible and realistic, otherwise, you won’t stick to your budget. If you’re struggling to budget effectively, back off a bit or look for ways to make your budget more liveable.
Establish daily, weekly and monthly budget routines. You wouldn’t expect to improve your strength by going to the gym just once a month and the same is true for your finances.
Getting your finances into shape demands changing your day-to-day habits. For example, making your lunch every day, menu planning once a week, and setting aside savings from each pay check are micro-actions that can snowball into amazing long-term results.
To find out more about MyBudget and their services visit mybudget.com.au.
