Want To Be Able To Live Within Your Means In Australia – Here’s Some Great Advice.

Many of us here in Australia are guilty of living beyond our means. It is called ‘trying to keep up with the Joneses, ’ and that fancy car in the driveway and those fashionable clothes have found a way to eat into your finances and leave you empty-handed at the end of every month. This is no way to live your life, moving from pay cheque to pay cheque with the hope that you will have enough money at the end of any given month to balance the books.

It’s time to start spending your money more wisely, and if you are particularly active in the bedroom, buying bulk condoms may not be the ridiculous idea that you once thought. A considerable amount of money can be saved over the course of any year when you buy in bulk, because you’re always saving money. This is just one excellent piece of advice that you need to adhere to, and the following are some others that will allow you to be able to live within your means here in Australia.

• Set a budget – It’s pretty easy to set a budget for yourself when it comes to your spending; it’s a little bit more difficult, however, to stick to it. You need to start thinking long-term instead of the short-term thinking that you currently have. Nobody likes to think about many years down the road, but with some sensible spending on your part, you might be able to retire a little earlier than you once thought. Use your laptop to itemise your income, your outgoings and any other bills that you have.
• Save first & spend later – You have to resist the temptation to keep putting your hand into your wallet or purse to buy something just because it’s on sale. In the vast majority of cases, these advertising campaigns are misleading, and the item that you’re buying today wasn’t any cheaper last week or last month. You need to prioritise your savings and try to put at least 10% of your total salary in the bank or building society.
• Pay off your debt – It makes absolutely no sense to have lots of savings in the bank earning maybe 1 to 2%, when you have credit card debts and other bills that amount to much more than this. If you do have any extra cash at the end of the month, start paying off your balance when it comes to the money that you owe. Try to resist impulse buying because this is what the marketing companies want you to do. If there is something that you really want, wait for specific times of the year when there are excellent sales and the price actually does come down.

One thing to get yourself into the habit of doing is to ask for discounts, no matter what it is that you are purchasing. It will either be a yes or a no answer, but at least you tried saving money.