It has been a challenging year for Kiwis, with the cost of living crisis pinching budgets, and more costs continuing to rise around us. Saving money can seem like an overwhelming, impossible endeavour. However, even when things are expensive, there are ways you can save and make a difference to your budget in the last half of 2024.
We have rounded up our top 5 ways to save money in the last half of the year, so you can finish it feeling a little bit better.
1. Compare Bills
Comparing your bills is an effective way to save money. Here at NZ Compare, we are on a mission to help Kiwis make a fully informed choice on their utility bills and finances so they can make better decisions and ultimately save money. Our comparison platforms are designed to help you easily compare broadband, power, mobile, and money. It is quick, bias-free, and hassle-free, created to empower you to find the best deal for your unique needs, so you can avoid paying more than you need to.
2. Reduce Power Consumption
You can save money on your electricity bills by reducing the amount of power you consume. There are many easy ways to do so. You can clean the filters in your air conditioner and heat pump, and give your fridge a clean, so it can run more efficiently. If you have the means, invest in energy efficient appliances. Turn off appliances and devices at the wall when you aren’t using them. You can make a difference to your power bill, and help ease some of the tension in your budget!
8 Ways to Lower Your Power Bill
3. Cancel Subscriptions
How many subscriptions do you have to streaming platforms? And how many do you actually use on a regular basis? Cancel the subscriptions you don’t use, and you’ll be surprised at how much you are saving per month. After all, streaming platforms have increased their prices in 2024, such as Netflix, which is now $20.99 per month. Consider choosing the cheapest platform, or even switching your broadband provider to make use of joining perks such as a free year subscription to a streaming platform. Find a better broadband deal and save money on your streaming subscription!
4. Try Plant-Based Meals
You can swap chicken breast to a can of chickpeas for your weekly curry night, to save money on groceries. Making a few simple swaps to plant-based alternatives can be a great way to save money throughout the week on groceries, and a fun way to experiment with new recipes, ingredients and flavours.
5. Compare your Savings Account
Are you on the right savings account for your goals and needs? Jump on Money Compare to compare the different savings accounts available to you, so you can see if there is a better interest rate out there that will give you better returns. Have your money work for you! Be sure to set up automatic transfers whenever you get paid, so that your savings account can grow.
