2 things to keep in mind, when managing the cost of living…

Reduce your living costs

Start by focusing on small areas at a time. Begin with tracking your weekly spending, allowing you to identify the parts you can cut back on. For example, you may find yourself eating out too often, or that your energy bills are the leading cost.

 

Priorities

Whenever looking at payments, always prioritise mortgage or rent payments. This can help you save on huge amounts of interest in the long term, and protect you from ending up in a situation where you can’t make the payment.

 

For further help, check out moneysmart.gov.au, the source of our information.