1. Pay your bills by the due dates and avoid late payment penalties – about $10 on utility bills and far higher for credit card bills.
2. Reduce electricity bills the old-fashioned way – use blinds to keep your house cool in summer and block draughts in winter.
3. Compare bank account fees and insurance charges – there are some fee-free bank accounts.
4. Use your own bank ATMs – withdraw money when you are shopping in stores using the EFTPOS facility.
5. Shop at op shops, recycle boutiques and vintage shops for considerable savings.
6. Never be afraid to ask a retailer if that is the best price they can do or if they can improve a price for cash payment.
7. Buy multi-trip tickets for public transport rather than single-trip tickets.
8. Avoid take-away foods and learn to make your own.
9. Review your pay TV watching habits and perhaps drop some channels – along with your monthly bill.
10. A financial counsellor or adviser can help you establish a household budget – many welfare agencies offer these services free for people on low incomes.