Budgeting To Reduce Cost Of Living in Australia: Survival Guide

If you are unable to manage your expenses during these difficult times, then this blog is here to guide you through this journey to provide aid via deals and discounts to reduce cost of living in Australia.

Revounts Staff
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Revounts Staff
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Published On: September 27, 2023

Budgeting To Reduce Cost Of Living in Australia: Survival Guide

Since the pandemic, things have changed, and life has been affected in many ways. Everything is altering to adjust to the new reality, whether at home or work. Due to the global shutdown, prices have been increased. However, the income has stayed the same or even decreased for many, making it hard for people to cope.  Just to survive in this critical situation. You need to make a sustainable budget plan. Here in this blog, we will guide you about how to spend your money in this crisis.

Statistic: Australia: Inflation rate from 1987 to 2028
The inflation rate during years 1987 - 2028 according to Statista

Priorities:

There can be hundreds of things that you might be spending your money on in your day-to-day life. However, as inflation is on the rise, you have to set priorities in order to make ends meet. Here is the list of priorities that you should be focusing on to live sustainably.

  1. Food
  2. Electricity
  3. Transportation

All of these are significant areas where we spend the most. By cutting costs in these areas, you can make an enormous change in setting your budget.


Food:

Food is the thing that we spend the most without even thinking much. Eating out has become a trend nowadays. Even though we eat with friends, sometimes it is a sudden craving, and we get food from outside, including buying snacks or lunch. This is one of the main reasons that you feel broke at the end of the month.

You need to fix this habit as soon as possible in order to live happily. Of course, eating out can not be stopped, but you can make mindful decisions while eating out. Here are bunches of brands you can consider because they are offering huge deals that may come in handy to reduce the cost of living.

  • Marley Spoon
  • Hello Fresh
  • Uber Eats

Marley Spoon:

A brand that sends you pre-proportioned meals that you can prepare within minutes to cook. They have a wide variety such as port, beef, chicken and vegan meals, all within reach of a few clicks. This way, you don’t end up buying more produce, which will later go to waste.

Best Deals on Marley Spoon:

  • Up To 50% Off On 2 Meals 2 People Plan Per Portion
  • Get 43% Off On 4 People 5 Meals Per Week
  • Get $180 Off Your First 4 Boxes

Hello Fresh:

If you want to reduce your food waste and add less to the garbage pile, then Hello Fresh is going to be your best friend. They are keen on saving the planet this is the reason they have introduced meal plans in which you can get adequately proportioned food throughout the week. They have a variety to choose from so that you are not bored with the same food.

Best Deals on Hello Fresh:

  • Exclusive Discount! Get Up To $200 Off the First 6 Boxes With the HelloFresh Discount Code
  • Free Shipping On Sitewide
  • Enjoy 40% Off On Your Purchase

Uber Eats:

Uber Eats is an exceptional food delivery service to bring your favourite chef food right to your doorstep. They have all the big brands listed on their website. All you have to do is move your finger to place an order, and the food will delivered. With amazing quality food, they also provide amazing deals.

Best Deals on Uber Eats:

  • Get $10 Off On Your Order Above $20 Or More With Uber Eats Promo Code for Existing Users
  • Free Shipping On All orders over $30
  • Buy One & Get One Free Items Available At Your Favourite Local Stores

Electricity:

Electricity is a very essential part of modern life. We cannot imagine our lives without electricity. All things are linked with each other such as our phones, and the IOT. However, our cars also use electricity. In addition, the unused resources are increasing your bill, which is continuously consuming electricity in the background.

You must keep track of all the things that you have in your house. From your electricity provider to your home appliance, all the brands you use must provide you with some kind of perk, whether it is some discounts, deals or membership that benefits you. Here is a list of such brands to help you reduce the cost of living.

  • My Generator
  • Bluetti
  • OVO Energy

My Generator:

In case of an emergency, like your power supply is off or you just want to go off the grid, then My Generator is the best choice for you. They provide many alternatives for your government-provided electricity so you do not have to pay bills and create your own energy. You can find batteries inverters, chargers, etc., at affordable prices.

Best Deals on My Generator:

  • 20% Off (Sitewide) With My Generator Coupon Code
  • Sign Up & Get 30% Off On Your First Purchase
  • Up To 15% Off On Generators & Power

Bluetti:

Bluetti provides portable power stations and battery backups, which you can take along wherever you travel or simply keep in your house in case of a power outage. These battery backups can even help you charge your electric vehicle on the go.

Best Deals on Bluetti:

  • 20% Off (Sitewide) With Bluetti Discount Code
  • Free Shipping On All Orders
  • Get 20% Off On the Bluetti EB70 Portable Power Station

OVO Energy:

In this age of inflated prices in sectors of life, it is time to switch to solar, where you create your energy and even send it back to the grid. With OVO Energy, you will set up quickly and save yourself from paying hefty electricity bills.

Best Deals on OVO Energy:

  • The One Simple Plan From $106 Per Month
  • Sign Up & Get $50 Credit In Your Account Paid Over 12 Months
  • Get 14% Off On The One Plan

Transportation:

Like other things, transportation is another colossal cost where you spend your budget. As the petrol prices are skyrocketing, it's high time that you should reconsider your ways of commute. To stay within your budget, use public transport instead of your personal car. You will find many means in Australia, including buses, trains, ferries and trams.

Furthermore, Australia has an official website where you can find info regarding routes and modes of public transportation. Here are a few names of brands that can be used at less cost.

  • Omio
  • International Rail

Omio:

If you travel anywhere in the world, you can use Omio at the best and comparatively cheap prices you can get on flights, busses and trains. You can travel throughout Europe and a few other countries along with it. Just by making bookings online through their app.

Best Deals on Omio:

  • Get Up To 60% Off On Book Trains, Buses And Flight
  • Get $5 Off On Refer Your Friend To Receive $5
  • Get 10% Off On Your First Booking

International Rail:

International Rail is your go-to choice if you are willing to travel the world by public transport. They can get you rail passes and tickets from all around the world including the UK, Europe, USA, Canada, Japan, Asia, Australia and New Zealand. You can save some cash while travelling.

Best Deals on International Rail:

  • Japan Rail Passes Starting From $386 Per Person
  • Eurail Mobile Passes Starting From $285 Per Person
  • Paris To Amsterdam Trip Starting From $104 Per Person

How to Set a Sustainable Budget:

Create a sustainable budget by following these steps:

Calculate your income.

List all the expenses.

Separate the avoidable and non-avoidable expenses.

Identify the average monthly cost.

Make changes where you can.

Cost Of Living Budget:

In these challenging times, finding a way to live without making compromises and cutting costs is difficult. You have to think of making a budget for things that will help you manage life peacefully. Furthermore, to calculate your spending, you can look for budget calculators online and enter your amount to know how much you are currently spending.


Conclusion:

This blog is about showing people how to sort out their lives in these difficult times. By using this budgeting technique, you will know how to manage your income correctly. Furthermore, the priorities listed and the alternatives given will further help you make informed decisions.

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