Finance special: Save $$$ for Christmas

We all know that, especially as Christmas approaches, it’s hard to save. These days, when you can spend with just the tap of your card or your phone, it’s tempting to buy more. But there are ways to cut your everyday spending right now so you can enjoy a few treats this Christmas. We asked the experts for a few tips...

GO TO THE MARKETS

Don’t do all your food shopping at the local supermarket, consider going to local grower’s markets to get produce straight from the supplier – not only is it fresher, it is often cheaper.

‘A great way to score produce at lower prices is go to independent markets, further out from the city, where prices are lower and supply is usually vast,’ says Marion Mays, founder of the Thalia Stanley Group – a boutique wealth advocacy firm.

BUY IN BULK

Consider buying non-perishable items in bulk to help cut costs.

‘Although there are some necessary items you can’t cut off the grocery list – such as toothpaste, toilet paper and washing powder – buying these products in bulk from retailers such as Costco will save you money in the long run, and stops them from popping up on the shopping list too frequently,’ says Marion.

Look out for online suppliers such as whogivesacrap.org that will deliver bulk toilet paper right to your door, as will some pet food suppliers, such as petcircle.com.au.

Cut your grocery bills now, so you can afford what you want this holiday season. Here’s how!

MAKE A LIST, CHECK IT TWICE

It’s a given that you shouldn’t go to the supermarket on an empty stomach – everything looks delicious. But another way to save is to make a list and commit to sticking to it.

‘It’s really important to have a meal plan and to make a list,’ says Laura Higgins, Senior executive leader, ASIC’S Moneysmart. ‘Keep a writing pad and pen in the kitchen and add to it during the week, and make it a rule to only buy what is on the list.’

CUT BACK ON TAKEAWAY

Make a pact with your family to only eat food or drink that’s been prepared at home. Why not get the family involved in a 30-day, no-takeaway challenge – and repeat it where possible – in the few months leading up to Christmas?

‘It’s a great way to save money. You’ll find that’s not only healthier for the wallet, but for you and your family too!’ says Marion.

TIME IT RIGHT

Getting bargains can be all about the timing – especially if you are buying at the markets.

‘Buy your meats, poultry and fish at the end of the market day, when suppliers are eager to sell out rather than take stock home. At times you can get discounts of up to 45 per cent,’ says Marion.

CHOOSE SEASONAL PRODUCE

‘Look for what’s in season and specials, and take advantage of it,’ says Laura. Be creative in your culinary thinking. For example, if tomatoes are ripe, make tomatobased sauces and salads. And don’t buy mangoes just when they come into season, wait until you can buy a whole tray for a fraction of the price.