First Home Buyers Australia


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REDUCE SPENDING ON LUXURIESThis tip is not much fun; however tightening the budget on luxury spending such as going out to dinner and leisure activities can save you quite a lot of money in the long run. Even by cutting back on one or two luxuries a month, the savings over a year can add up to be quite a significant amount. Some other ideas include:

  • Not drinking alcohol for a month
  • Taking lunch to work
  • Avoiding buying new clothes
  • Reducing your purchased coffee intake

Think about where your money goes currently and if you could cut back on something?


Collectively the examples mentioned above could save you up to $500 a month, which equates to $6,000 per year.

Need help in determining where all your money is currently going?

Click here to try the DIY Budget Planner below and learn something about yourself.

First Home Buyers Australia - FHBA

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