Money

10 savvy ways to save in the 10 weeks to Christmas

Published on October 17, 2016 10:24 am, by

The Christmas countdown has begun. The thought of the January money hangover always hits me at this time of year, making it necessary to check my budget and see where I can make some savings before spending!

Taking the time to do things differently for a while (10 weeks) can give you a potential $2,450 up your sleeve.

Drop a habit = $150

We all have at least one bad habit that is regular and costs us financially and potentially in other ways. Find something to give up for 10 weeks, and watch your money grow:

  • A mid-week bottle of wine at $15 a pop will save you $150 over 10 weeks
  • Dropping the daily chocolate bar at $3 per work day saves you $150 over 10 weeks 

Make money from stuff you don’t use = $500

You won’t be alone starting to think about money at this time of year. eBay and Gumtree are you friends. Consider selling unwanted items online or take advantage of the warmer weather and plan a garage sale.

We’re being conservative with our $500 estimate. Apparently, Aussies on average have $5,200 in unwanted goods sitting in their home and garage.

Put a pre-Christmas ban on shopping malls & online shopping sites = $500

How often do you duck to the mall and spend some money? Pop online for a spot of shopping? Banning yourself for 10 weeks from the mall or digital shopping can add up significantly.

Drink one less takeaway coffee per day = $200

If you’re a 2 coffee a day kind of guy or gal, why not drop one a day? You can do 10 weeks of abstinence or substituting! Check out the kitchen at work, instant coffee, green tea & peppermint tea will all do the trick! Alternatively go small, saving $1 per cup on a 2 coffee a day habit is still $100 over 10 weeks.

Bring your lunch from home an extra 2 days per week = $200

Convenience or cash? Taking that extra 5 minutes the night before or in the morning isn’t really that long. You can make dinner stretch further by adding some tinned goodness in the form of chick peas or beans, and then take a serve to work for lunch the next day. Saving $20 per week adds up fast.

Take a 4-week break from alcohol = $200

If you like a drink, it can be difficult to abstain in December. Easier may be finding a window of 4 weeks between now and then. Check your MoneyBrilliant profile to see how much you spend each month, and see what you’ll save! Tip: make sure you check both the alcohol and pub/restaurant categories.

Do a clear out of your cupboard and shop with a list = $100

Use a weekend day to go through your pantry and structure your meal plan around any tins, jars, soups and stock you may have purchased in the last couple of months. These types of items can sit in your cupboard for twelve months or more! Write a list for your supermarket (or online) visit and stick to it. It’s worth it.

Check the catalogues before you shop = $300

Take the time. It’s not always convenient to sit down and peruse the catalogues but you can save significant amounts by doing so. It’s easy enough to access catalogues on the go, and it’s a great way to make the best of your transport time. Checking around for half price special can save you more than $30 per week, particularly when you are buying meat & personal care items.

Change the way you travel to work = min. $300

Take a look at the way you travel to work and see if you can make it cheaper

  • Ride your bike to work instead of taking public transport
  • Take the bus instead of paying car parking & petrol costs
  • Work out your zones and a 10-minute walk may save you $2 per day

Check your MoneyBrilliant account and find your own spots to save

If you’re not a MoneyBrilliant member, it’s as easy as registering on our website or downloading the mobile app. Your spending reports will tell you everything you need to know!

Related articles –

Five steps to creating your (achievable budget)
10 tips to being MoneyBrilliant
Laziness is costing Aussies $11.6billion

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Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.

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