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!
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…
WHO NEEDS A FANCY RESTAURANT DATE?