Everyone wants to save money. But with this cost of living crisis, it can feel impossible to make savings and ease our household budgets. It can sometimes even feel like we just don’t have control over where our money goes. But the truth is, you do have control. You can make changes. And those changes don’t have to take hours. Our best hack can take just minutes.
Here at NZ Compare, we are all about helping Kiwis make better decisions with their finances, and ultimately help you save money. By empowering you with knowledge, through our user-friendly comparison platforms, you can unlock savings that make a difference.
So, how can you ease your budget?
1. Compare!
Comparing your household bills is our best hack to saving money across the board. Our comparison platforms allow you to easily compare your broadband, power, mobile, and other finances so you can find savings. Compare different plans and providers side-by-side, and even select preferences to filter out options and compare based on your unique needs. By making a fully informed decision, you are more likely to find the best deal and save money!
2. Lower Power Consumption
Power bills are notorious for eating into our budgets. They can fluctuate month-to-month, and with rising rates in the industry, they are becoming more expensive. You can help tackle those high power bills by making small changes around your home to lower your power consumption. There are many ways to do so such as investing in energy efficient appliances, turning lights and appliances off at the wall when you aren’t using them, and swapping to LED light bulbs.
10 Ways to Lower Power Consumption
3. Try Meal Planning
A fun way to save money on groceries is to plan your meals. Create a menu of meals for the week. Then, check your fridge, freezer and pantry to see what ingredients you already have for those meals. Whatever you don’t have, create a list of those items. This is the list you will shop from. You can even ensure you stick to the list, and avoid the temptations in the supermarket aisles by ordering your groceries for click and collect or delivery. This hack will ensure you are only buying groceries that you will actually need for the week, helping to avoid over-buying and food waste!
4. Cancel Subscriptions
How many subscriptions to streaming platforms do you have? And how many do you actually use? It’s always a good idea to declutter your subscriptions, cancel ones you don’t use, and only subscribe to one you're actually using. Those subscriptions can add up to a lot of money month-to-month and you can free up some funds just by taking a few minutes to cancel those surplus ones! Save money and cancel those subscriptions. Be sure to compare prices of streaming services too, so you can choose one with the best price.
5. Choose the Right Savings Account
Savings accounts are a great way to make your money work for you. When you contribute to your savings account, the bank will top it up with interest each month, based on the interest rate. Jump on Money Compare to compare different savings accounts and choose one that aligns best with your goals. Set up automatic transfers each time you get paid so the funds can grow in the background over time.
