Cut costs without cutting back
You’ll be surprised at the number of regular purchases you either don’t need or can substitute with cheaper items.
For many older Australians living on a fixed income, every dollar counts. Yet, we often find ourselves spending money on products we either don’t really need or could easily replace with cheaper alternatives.
Here’s a practical look at some common culprits and how you can save without sacrificing quality of life.
Bottled water
It might seem convenient, but bottled water is one of the biggest wastes of money. In almost all of Australia, tap water is clean, safe, and practically free. Invest in a reusable water bottle and use a filter jug, or boil the water first, if you prefer an extra layer of purity.
Expensive cleaning products
You don’t need to fill your cupboards with specialised cleaners for glass, floors, kitchens, and bathrooms. A simple mix of white vinegar, bicarb soda, and water can tackle most cleaning jobs at a fraction of the price. Not only is it cheaper, it’s also better for the environment and your health.
Pre-cut fruit and veg
Convenience comes at a cost. Pre-cut fruits and vegetables are marked up significantly in price. Buying whole produce and preparing it at home can save you big over time – and it often stays fresher longer.
Brand-name groceries
Many generic or home-brand products are made in the same factories as name brands but are sold at much lower prices. Try switching just a few items each week and you’ll likely find some taste just as good for far less money.
Single-use kitchen items
Paper towels, disposable wipes, and cling wrap are handy but expensive over time. Reusable alternatives such as cloth rags, beeswax wraps, and washable sponges are eco-friendly and cost-effective in the long run.
Air fresheners and scented candles
These may smell lovely, but they’re not essential and they can be replaced with natural options. Simmering herbs and citrus peels on the stove or using a few drops of essential oil in a diffuser can freshen your home for much less.
Subscription services
The cost of newspaper and magazine subscriptions and streaming platforms can add up quickly. Ask yourself which ones you use. Public libraries offer papers, magazines, DVDs, and e-books for free.
By taking a closer look at your weekly purchases, you may be surprised at how much you can save. A few smart swaps combined with a bit of DIY spirit, will help your budget in check without giving up the things you enjoy.
This article and any links provided are for general information only and should not be taken as constituting professional advice. National Seniors is not a financial advisor. You should consider seeking independent legal, financial, taxation or other advice to check how any information provided relates to your unique circumstances.
