Can you live on un­der $100 a week?

Could these tips be the key to your cheap­est week ever? Cosmo put it to the test – and we didn’t even have to give up our caf­feine ad­dic­tion!

Cosmopolitan (Australia) - - Contents -

BY NOW WE’VE HEARD all of the ‘ev­ery­day tips’ to sav­ing money. Give up your cof­fee! Save your fivers! Forgo your smashed avo (never)! But it’s just not help­ing – we are still strug­gling to save. As a gen­er­a­tion we’ve been priced out of the hous­ing mar­ket, branded en­ti­tled and told that our brekky is to blame for the lack of cash we’re sav­ing. But it’s no big se­cret: house prices across Aus­tralian cap­i­tal cities are at a seven­year high (up 12.9 per cent from last year), which makes the prospect of sav­ing for a home and en­joy­ing a life free of debt slim. With the av­er­age Aussie putting away $282 in savings per month com­pared to $ 439 in 2011*, we mil­len­ni­als have been left be­hind, with no nest egg in sight.

But here at Cosmo we got to think­ing. Our lit­tle daily lux­u­ries add up, sure, but they keep us sane. What’s

re­ally burn­ing a hole in our (teeny, tiny) pock­ets is those un­ex­pected ex­penses that creep up week af­ter week, that we can’t al­ways bud­get for. Af­ter some hard re­search and anal­y­sis (a Cosmo of­fice sur­vey) to pin­point the most prob­lem­atic ways our sav­ing goes awry, we asked shoe ad­dict/ac­coun­tant Melissa Browne for her best ad­vice on sav­ing – off­the­bud­get style. All with the goal of living on un­der $100 a week. A mil­len­nial can dream…


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