ME Bank’s latest Household Financial Comfort Report found one in two Australian households say the cost of necessities is their biggest financial worry.
That’s understandable as these expenses can eat up a large chunk of our income. So let’s look at a few quick tips to save:
Drive a better deal on fuel
Fill up on days when petrol prices are cheaper. The ACCC website (www.accc.gov.au) features details of petrol price cycles that can help you decide the cheapest and most expensive days at the bowser.
Switch to save on utilities
Ensure your current utility provider is competitive. Use comparison sites to identify low cost providers in your area or ask your current provider if a cheaper plan is available.
Bag a bargain on groceries
Always shop with a list. It prevents impulse buying, which can be a real budget breaker.
Don’t overlook your home loan
We can’t always control the cost of essentials, but you do have control over some of the biggest expenses in your household. It’s always worth taking a few minutes to review your current loan. You may identify opportunities to secure a lower rate or look for a loan offering features better suited to your needs. To learn more, contact call ME Bank on 13 15 63 or visit mebank.com.au.
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