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Swapping Instead of Shopping

To save money, try swapping it instead of stopping!

If you are anything like me when I was young, then you don’t think too much about saving. Apart from not saving much, I was a champion at blowing my dough. No one likes budgeting, but you’d be surprised just how much you unconsciously spend when you don’t keep a track of your outgoing dollars each month.

If you are serious about saving, then knowing where you are spending your money is crucial. The best way to know where you spend your money is to use a budget tracker. You can download a free app at https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/mobile-apps/trackmyspend or I can email you a excel spreadsheet (I prefer the excel spreadsheet but whatever works best for you).

When you are aware of where you are spending your money, then you can plan a budget to help save for a car or a house.

In the meantime, try the ‘swap it occasionally don’t stop it’ tips.

  1. Instead of buying a coffee every day at a coffee shop at $5 dollars, make it an instant coffee at home or work and put the difference into your savings account. Save $60 per month.
  2. Take lunch to work instead of buying it. Deposit the $10 dollars that you would have spent each day into your savings account. Save $150 per month
  3. Swap Johnnie Walker blue label which costs about $160 per bottle, to Johnnie Walker red which costs about $37 per bottle. After a few drinks, most people won’t be able to tell the difference. Save $100 per month
  4. Swap renting for six month, to living rent free with your parents. Save $680 per month.

In 12 months’ time, you could have saved $11,880 which would be enough for a deposit on a one bedroom unit in Cairns.


Jack Walker
Loan Broker to the Aussie Battlers

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