These days, it seems like everything is getting more expensive, and many Aussies are feeling the pinch when it comes to making ends meet. It's a constant struggle to have enough money left over at the end of the day to do the things they really want to do, and it can be a major source of stress and worry.

Given the financial difficulties, it's no surprise that many are changing their habits and cutting back on their usual Friday night and weekend activities.

Instead of going out and spending money, more and more Aussies are opting to stay home and save their dollars. It's not ideal, but it's a practical way to make their money go further in these tough times.

According to a recent analysis by Finder, a lot of people are tightening their belts and making some changes to their budgets.

As the cost of living continues to rise, more and more Aussies are cutting back on expenses such as dining out with friends and ordering takeaways. Credit: Unsplash/Luisa Brimble.

It's not just fancy dinners or nights out with friends that people are avoiding - many Aussies are even cutting back on simple pleasures like takeaway dinners. In fact, half of those surveyed said they're being more careful with their money when it comes to dining out and going out for drinks.

And it's not just the fun stuff they're skipping out on - people are also cutting down on expenses that they would rather not go without. For example, one-third of all Australians surveyed are limiting the gifts they buy, while just over one-quarter are cutting down on charity donations.

It's tough out there, and people are doing what they can to make ends meet.

Worryingly, there's more to the story than just cutting back on fun stuff and gifts. Unfortunately, some Australians are having to make even tougher choices. In fact, 15 per cent of those surveyed by Finder said they've had to cut back on visits to the doctor or dentist.

This is a serious concern because not being able to follow up on health concerns can have serious consequences. As Finder health insurance expert James Martin points out, it's even more serious than just having an empty bank account.

It's important to find ways to address this issue so that people can get the healthcare they need without breaking the bank.

Some Aussies are reducing their visits to healthcare providers like doctors and dentists in an effort to save money. Credit: Unsplash/National Cancer Institute.

In a recent post on an online forum, one person asked their fellow Aussies what items they had stopped purchasing due to rising prices, and needless to say, the responses were relatable.

One user expressed their love for watermelon but refused to pay the exorbitant price of $20+ per melon. Another had to cut down on their beer consumption and opted for cheaper options. A third user mentioned giving up potato chips, not because they couldn't afford them but because they refused to pay such high prices.

For one user, even their small luxury of buying Mainland butter had to be sacrificed when the price rose to over $7 for a small tub, so they settled for a cheaper option like Western Star. They also mentioned trying to buy whatever is on special for everything else.

Lastly, a user revealed they hadn't eaten at a restaurant in over a year because of the high prices, feeling like they would have to spend a full day's wages just to eat out.

These responses show how rising prices can impact people's daily lives and make even simple pleasures, like eating watermelon or enjoying butter, a luxury.

With more price increases on the horizon, Australians will need to continue tightening their belts throughout the year. Credit: Unsplash/Tim Gouw.

According to Lowe, the Governor of the Reserve Bank of Australia, the rate hikes are not finished yet, and it's uncertain how much more they will go up in the near future.

The decision will be based on factors such as the rate of inflation, people's ability to withstand the increase, how much people are spending, and how much wages are increasing.

'I don't think we're at the peak yet but how far we have to go up, I don't know,' he said.

Key Takeaways

• Aussies are cutting back on eating out, drinking out, going to events, buying gifts, donating to charity, taking weekend trips, and beauty treatments due to the rising cost of living.
• Worryingly, 15 per cent of Aussies are also cutting back on visits to the doctor or dentist.
• According to the Reserve Bank of Australia, more rate hikes are expected.

Members, if you're feeling the financial pinch at the moment, here is some advice to help you make your hard-earned money go further.

Making a budget can help Aussies manage their finances better and save money. Credit: Unsplash/Towfiqu barbhuiya.

We recommend trying to come up with an effective budget that considers your cost-of-living expenses first, before anything else. It might help you to identify potential places where you can try to save.

It's also definitely worth looking into cancelling any products you're no longer using, like gym memberships or streaming services, as well as shopping around for cheaper alternatives for the expenses you do need.

Most importantly, though, remember never to forego important medical expenses. Your health is the most important thing - no matter how difficult times get.

Tip

We recently shared an article about money-saving and budgeting tips that can help you get started. Feel free to check it out - it might give you some useful insights to make budgeting a breeze.

We understand that many of you may be going through a tough time with the rising cost of living. It can be challenging to make ends meet, and we want you to know that you're not alone. We're all in this together, and we would love to hear your stories and experiences.

Have you had to give up some of your favourite activities or items just to stay on budget? Please don't hesitate to share with us in the comments below. We can all learn from each other and support one another during these trying times.

 

[Cyberchook]

I have not been out to dinner for almost 4 years. I used to have coffee at the large busy local Mall with happy company, but Covid stopped that. I now shop at a small Mall ( masked) for food and provisions once a fortnight and buy a takeaway coffee to take home and reheat. I can afford to go out to eat now and then but Covid medical recommendations also made me lose the urge I guess! The internet and phone supply most of my social contact now, as does the dangerous Internet shopping!

 

[Pinkbudgiepie]

Mainland butter??
For starters Western Star isn’t the “cheaper option” it’s a great quality one made here in Victoria, Australia…nothing against Made in NZ they do amazing food but absolutely nothing wrong with Western Star, who also have a cultured, unsalted option,
and supports local industry

 

[I'm Mal]

These days, it seems like everything is getting more expensive, and many Aussies are feeling the pinch when it comes to making ends meet. It's a constant struggle to have enough money left over at the end of the day to do the things they really want to do, and it can be a major source of stress and worry.

Given the financial difficulties, it's no surprise that many are changing their habits and cutting back on their usual Friday night and weekend activities.

Instead of going out and spending money, more and more Aussies are opting to stay home and save their dollars. It's not ideal, but it's a practical way to make their money go further in these tough times.

According to a recent analysis by Finder, a lot of people are tightening their belts and making some changes to their budgets.

View attachment 14156

As the cost of living continues to rise, more and more Aussies are cutting back on expenses such as dining out with friends and ordering takeaways. Credit: Unsplash/Luisa Brimble.

It's not just fancy dinners or nights out with friends that people are avoiding - many Aussies are even cutting back on simple pleasures like takeaway dinners. In fact, half of those surveyed said they're being more careful with their money when it comes to dining out and going out for drinks.

And it's not just the fun stuff they're skipping out on - people are also cutting down on expenses that they would rather not go without. For example, one-third of all Australians surveyed are limiting the gifts they buy, while just over one-quarter are cutting down on charity donations.

It's tough out there, and people are doing what they can to make ends meet.

Worryingly, there's more to the story than just cutting back on fun stuff and gifts. Unfortunately, some Australians are having to make even tougher choices. In fact, 15 per cent of those surveyed by Finder said they've had to cut back on visits to the doctor or dentist.

This is a serious concern because not being able to follow up on health concerns can have serious consequences. As Finder health insurance expert James Martin points out, it's even more serious than just having an empty bank account.

It's important to find ways to address this issue so that people can get the healthcare they need without breaking the bank.

View attachment 14157

Some Aussies are reducing their visits to healthcare providers like doctors and dentists in an effort to save money. Credit: Unsplash/National Cancer Institute.

In a recent post on an online forum, one person asked their fellow Aussies what items they had stopped purchasing due to rising prices, and needless to say, the responses were relatable.

One user expressed their love for watermelon but refused to pay the exorbitant price of $20+ per melon. Another had to cut down on their beer consumption and opted for cheaper options. A third user mentioned giving up potato chips, not because they couldn't afford them but because they refused to pay such high prices.

For one user, even their small luxury of buying Mainland butter had to be sacrificed when the price rose to over $7 for a small tub, so they settled for a cheaper option like Western Star. They also mentioned trying to buy whatever is on special for everything else.

Lastly, a user revealed they hadn't eaten at a restaurant in over a year because of the high prices, feeling like they would have to spend a full day's wages just to eat out.

These responses show how rising prices can impact people's daily lives and make even simple pleasures, like eating watermelon or enjoying butter, a luxury.

View attachment 14158

With more price increases on the horizon, Australians will need to continue tightening their belts throughout the year. Credit: Unsplash/Tim Gouw.

According to Lowe, the Governor of the Reserve Bank of Australia, the rate hikes are not finished yet, and it's uncertain how much more they will go up in the near future.

The decision will be based on factors such as the rate of inflation, people's ability to withstand the increase, how much people are spending, and how much wages are increasing.

'I don't think we're at the peak yet but how far we have to go up, I don't know,' he said.

Key Takeaways

• Aussies are cutting back on eating out, drinking out, going to events, buying gifts, donating to charity, taking weekend trips, and beauty treatments due to the rising cost of living.
• Worryingly, 15 per cent of Aussies are also cutting back on visits to the doctor or dentist.
• According to the Reserve Bank of Australia, more rate hikes are expected.

Members, if you're feeling the financial pinch at the moment, here is some advice to help you make your hard-earned money go further.

View attachment 14159

Making a budget can help Aussies manage their finances better and save money. Credit: Unsplash/Towfiqu barbhuiya.

We recommend trying to come up with an effective budget that considers your cost-of-living expenses first, before anything else. It might help you to identify potential places where you can try to save.

It's also definitely worth looking into cancelling any products you're no longer using, like gym memberships or streaming services, as well as shopping around for cheaper alternatives for the expenses you do need.

Most importantly, though, remember never to forego important medical expenses. Your health is the most important thing - no matter how difficult times get.

Tip

We recently shared an article about money-saving and budgeting tips that can help you get started. Feel free to check it out - it might give you some useful insights to make budgeting a breeze.

We understand that many of you may be going through a tough time with the rising cost of living. It can be challenging to make ends meet, and we want you to know that you're not alone. We're all in this together, and we would love to hear your stories and experiences.

Have you had to give up some of your favourite activities or items just to stay on budget? Please don't hesitate to share with us in the comments below. We can all learn from each other and support one another during these trying times.

Yesterday, I was disturbed to witness a young woman with three kids that appeared to be under 5, sitting with a friend at an out door table at a cafe outside the local shopping centre, complaining about the cost of living and how hard it is to manage on the dole. Whilst that is not unreasonable in itself, the disturbing part was that she and her friend, another young mother with two kids, were chain smoking and their kids were screaming and running amok around the other tables and chairs where other patrons were trying to enjoy their meals. They were going off about having to sacrifice so many things as they could no longer afford them and the kids having to go without. Not once did cigarettes get a mention in their lists of sacrifices.

 

[Thecheesequeen]

Mainland butter??
For starters Western Star isn’t the “cheaper option” it’s a great quality one made here in Victoria, Australia…nothing against Made in NZ they do amazing food but absolutely nothing wrong with Western Star, who also have a cultured, unsalted option,
and supports local industry

Well, it is the cheaper option, in that it costs less. There was no indication that it was considered inferior.

 

[Luckyus]

These days, it seems like everything is getting more expensive, and many Aussies are feeling the pinch when it comes to making ends meet. It's a constant struggle to have enough money left over at the end of the day to do the things they really want to do, and it can be a major source of stress and worry.

Given the financial difficulties, it's no surprise that many are changing their habits and cutting back on their usual Friday night and weekend activities.

Instead of going out and spending money, more and more Aussies are opting to stay home and save their dollars. It's not ideal, but it's a practical way to make their money go further in these tough times.

According to a recent analysis by Finder, a lot of people are tightening their belts and making some changes to their budgets.

View attachment 14156

As the cost of living continues to rise, more and more Aussies are cutting back on expenses such as dining out with friends and ordering takeaways. Credit: Unsplash/Luisa Brimble.

It's not just fancy dinners or nights out with friends that people are avoiding - many Aussies are even cutting back on simple pleasures like takeaway dinners. In fact, half of those surveyed said they're being more careful with their money when it comes to dining out and going out for drinks.

And it's not just the fun stuff they're skipping out on - people are also cutting down on expenses that they would rather not go without. For example, one-third of all Australians surveyed are limiting the gifts they buy, while just over one-quarter are cutting down on charity donations.

It's tough out there, and people are doing what they can to make ends meet.

Worryingly, there's more to the story than just cutting back on fun stuff and gifts. Unfortunately, some Australians are having to make even tougher choices. In fact, 15 per cent of those surveyed by Finder said they've had to cut back on visits to the doctor or dentist.

This is a serious concern because not being able to follow up on health concerns can have serious consequences. As Finder health insurance expert James Martin points out, it's even more serious than just having an empty bank account.

It's important to find ways to address this issue so that people can get the healthcare they need without breaking the bank.

View attachment 14157

Some Aussies are reducing their visits to healthcare providers like doctors and dentists in an effort to save money. Credit: Unsplash/National Cancer Institute.

In a recent post on an online forum, one person asked their fellow Aussies what items they had stopped purchasing due to rising prices, and needless to say, the responses were relatable.

One user expressed their love for watermelon but refused to pay the exorbitant price of $20+ per melon. Another had to cut down on their beer consumption and opted for cheaper options. A third user mentioned giving up potato chips, not because they couldn't afford them but because they refused to pay such high prices.

For one user, even their small luxury of buying Mainland butter had to be sacrificed when the price rose to over $7 for a small tub, so they settled for a cheaper option like Western Star. They also mentioned trying to buy whatever is on special for everything else.

Lastly, a user revealed they hadn't eaten at a restaurant in over a year because of the high prices, feeling like they would have to spend a full day's wages just to eat out.

These responses show how rising prices can impact people's daily lives and make even simple pleasures, like eating watermelon or enjoying butter, a luxury.

View attachment 14158

With more price increases on the horizon, Australians will need to continue tightening their belts throughout the year. Credit: Unsplash/Tim Gouw.

According to Lowe, the Governor of the Reserve Bank of Australia, the rate hikes are not finished yet, and it's uncertain how much more they will go up in the near future.

The decision will be based on factors such as the rate of inflation, people's ability to withstand the increase, how much people are spending, and how much wages are increasing.

'I don't think we're at the peak yet but how far we have to go up, I don't know,' he said.

Key Takeaways

• Aussies are cutting back on eating out, drinking out, going to events, buying gifts, donating to charity, taking weekend trips, and beauty treatments due to the rising cost of living.
• Worryingly, 15 per cent of Aussies are also cutting back on visits to the doctor or dentist.
• According to the Reserve Bank of Australia, more rate hikes are expected.

Members, if you're feeling the financial pinch at the moment, here is some advice to help you make your hard-earned money go further.

View attachment 14159

Making a budget can help Aussies manage their finances better and save money. Credit: Unsplash/Towfiqu barbhuiya.

We recommend trying to come up with an effective budget that considers your cost-of-living expenses first, before anything else. It might help you to identify potential places where you can try to save.

It's also definitely worth looking into cancelling any products you're no longer using, like gym memberships or streaming services, as well as shopping around for cheaper alternatives for the expenses you do need.

Most importantly, though, remember never to forego important medical expenses. Your health is the most important thing - no matter how difficult times get.

Tip

We recently shared an article about money-saving and budgeting tips that can help you get started. Feel free to check it out - it might give you some useful insights to make budgeting a breeze.

We understand that many of you may be going through a tough time with the rising cost of living. It can be challenging to make ends meet, and we want you to know that you're not alone. We're all in this together, and we would love to hear your stories and experiences.

Have you had to give up some of your favourite activities or items just to stay on budget? Please don't hesitate to share with us in the comments below. We can all learn from each other and support one another during these trying times.

If governments could charge you for the air you breathe they would!!

 

[Suzanne rose]

Drawing up a budget is great , it actually shows you what you spending and if you can get rid of unused things

I did this a few weeks ago and realised I had the following.
Foxtel
Netflix
Disney +
Prime and stan.

I got rid of Stan and disney +and I am now saving 35 a month.

Amazon prime I pay only $9 a month. It gives me movies and shows. Plus kindle books and free delivery on Amazon.

Groceries I buy on line and checkout the specials first then add other items that are needed. I buy alot of pepsi max and solo no sugar, thus week at cokes it's on special so I will stock up.
The benefit if shopping on line I get to see my total and can remove items if I want to stay under a certain price.

Meal plan...plan your meals for 7 days this will save you money and also the stress of what your going to cook that day.

If you do smoke what a great reason to cut down, not just better for your health but also better for your pocket

 

[I'm Mal]

If governments could charge you for the air you breathe they would!!

Almost right. The current mob of incompetents would. Everyone was warned "it won't be easy under albanese" and "labor can't manage money so they will come after yours." These warnings and others have proven to be so true.

 

[Stanier123]

It’s easy stop the instant gratification of buying stuff. Recycle by road side shopping or go to Op shops. Use Gumtree or market place to sell and buy. There is plenty of free stuff on these sites and others. Kids don’t know that toys, clothes, books , dolls etc are not new. In fact get your kids and grandkids to take toys to the Op shop for someone else and let them pick one.

Stop feeding the giant of China and buying stuff you don’t need. Your computer and phone will still do their jobs. They did last year didn’t they?

 

[Gsr]

We haven’t eaten out for almost 2 years and our son paid for our meal then. We rarely buy takeaway, we never go to cafes or coffee shops, I can’t justify the cost of paying someone else to make me a coffee. We haven’t been away for a holiday or even just an overnight stay somewhere in over seven years. We don’t smoke and I don’t drink alcohol, my husband drinks very little alcohol. We are lucky we own our home and cars through years of hard work and lots of buying only the necessities, doing overtime and saving. Now we should be able to relax and enjoy our retirement everything is becoming so expensive that we still cannot afford to eat out or buy takeaway more than 3/4 times a year. We eat less meat and more salad or vegetables, luckily we grow a lot of our food. We are reasonably healthy but it costs us around $80 a month for the medication we need as some of it is not covered by the PBS even though we are pensioners. If we didn’t own our house and cars we would be living on soup, bread and 2 minute noodles, and reusing t bags for multiple cups of tea, which is what I did growing up in a very poor family. We used to drink vegemite in hot water as a warm drink in winter, with the price of vegemite now even that would be unaffordable to a lot of people.

 

[Stanier123]

These days, it seems like everything is getting more expensive, and many Aussies are feeling the pinch when it comes to making ends meet. It's a constant struggle to have enough money left over at the end of the day to do the things they really want to do, and it can be a major source of stress and worry.

Given the financial difficulties, it's no surprise that many are changing their habits and cutting back on their usual Friday night and weekend activities.

Instead of going out and spending money, more and more Aussies are opting to stay home and save their dollars. It's not ideal, but it's a practical way to make their money go further in these tough times.

According to a recent analysis by Finder, a lot of people are tightening their belts and making some changes to their budgets.

View attachment 14156

As the cost of living continues to rise, more and more Aussies are cutting back on expenses such as dining out with friends and ordering takeaways. Credit: Unsplash/Luisa Brimble.

It's not just fancy dinners or nights out with friends that people are avoiding - many Aussies are even cutting back on simple pleasures like takeaway dinners. In fact, half of those surveyed said they're being more careful with their money when it comes to dining out and going out for drinks.

And it's not just the fun stuff they're skipping out on - people are also cutting down on expenses that they would rather not go without. For example, one-third of all Australians surveyed are limiting the gifts they buy, while just over one-quarter are cutting down on charity donations.

It's tough out there, and people are doing what they can to make ends meet.

Worryingly, there's more to the story than just cutting back on fun stuff and gifts. Unfortunately, some Australians are having to make even tougher choices. In fact, 15 per cent of those surveyed by Finder said they've had to cut back on visits to the doctor or dentist.

This is a serious concern because not being able to follow up on health concerns can have serious consequences. As Finder health insurance expert James Martin points out, it's even more serious than just having an empty bank account.

It's important to find ways to address this issue so that people can get the healthcare they need without breaking the bank.

View attachment 14157

Some Aussies are reducing their visits to healthcare providers like doctors and dentists in an effort to save money. Credit: Unsplash/National Cancer Institute.

In a recent post on an online forum, one person asked their fellow Aussies what items they had stopped purchasing due to rising prices, and needless to say, the responses were relatable.

One user expressed their love for watermelon but refused to pay the exorbitant price of $20+ per melon. Another had to cut down on their beer consumption and opted for cheaper options. A third user mentioned giving up potato chips, not because they couldn't afford them but because they refused to pay such high prices.

For one user, even their small luxury of buying Mainland butter had to be sacrificed when the price rose to over $7 for a small tub, so they settled for a cheaper option like Western Star. They also mentioned trying to buy whatever is on special for everything else.

Lastly, a user revealed they hadn't eaten at a restaurant in over a year because of the high prices, feeling like they would have to spend a full day's wages just to eat out.

These responses show how rising prices can impact people's daily lives and make even simple pleasures, like eating watermelon or enjoying butter, a luxury.

View attachment 14158

With more price increases on the horizon, Australians will need to continue tightening their belts throughout the year. Credit: Unsplash/Tim Gouw.

According to Lowe, the Governor of the Reserve Bank of Australia, the rate hikes are not finished yet, and it's uncertain how much more they will go up in the near future.

The decision will be based on factors such as the rate of inflation, people's ability to withstand the increase, how much people are spending, and how much wages are increasing.

'I don't think we're at the peak yet but how far we have to go up, I don't know,' he said.

Key Takeaways

• Aussies are cutting back on eating out, drinking out, going to events, buying gifts, donating to charity, taking weekend trips, and beauty treatments due to the rising cost of living.
• Worryingly, 15 per cent of Aussies are also cutting back on visits to the doctor or dentist.
• According to the Reserve Bank of Australia, more rate hikes are expected.

Members, if you're feeling the financial pinch at the moment, here is some advice to help you make your hard-earned money go further.

View attachment 14159

Making a budget can help Aussies manage their finances better and save money. Credit: Unsplash/Towfiqu barbhuiya.

We recommend trying to come up with an effective budget that considers your cost-of-living expenses first, before anything else. It might help you to identify potential places where you can try to save.

It's also definitely worth looking into cancelling any products you're no longer using, like gym memberships or streaming services, as well as shopping around for cheaper alternatives for the expenses you do need.

Most importantly, though, remember never to forego important medical expenses. Your health is the most important thing - no matter how difficult times get.

Tip

We recently shared an article about money-saving and budgeting tips that can help you get started. Feel free to check it out - it might give you some useful insights to make budgeting a breeze.

We understand that many of you may be going through a tough time with the rising cost of living. It can be challenging to make ends meet, and we want you to know that you're not alone. We're all in this together, and we would love to hear your stories and experiences.

Have you had to give up some of your favourite activities or items just to stay on budget? Please don't hesitate to share with us in the comments below. We can all learn from each other and support one another during these trying times.

When interest rates were 19% there were no restaurants or holidays for 4 years. Clothes were worn until they were too bad. Computers were not upgraded. Dinner parties were at home with folks bringing a plate. Picnics were the order of the day. Fishing and bush walking were less costly forms of entertainment. Drinking alcohol was stopped, my liver thanks the Reserve Bank.

Having grown up in London after WWII in the 1950s it was easy to tighten one's belt. Not so easy for the spoilt generations from the 1970s onwards

 

[donellefeltham@ gmail.com]

These days, it seems like everything is getting more expensive, and many Aussies are feeling the pinch when it comes to making ends meet. It's a constant struggle to have enough money left over at the end of the day to do the things they really want to do, and it can be a major source of stress and worry.

Given the financial difficulties, it's no surprise that many are changing their habits and cutting back on their usual Friday night and weekend activities.

Instead of going out and spending money, more and more Aussies are opting to stay home and save their dollars. It's not ideal, but it's a practical way to make their money go further in these tough times.

According to a recent analysis by Finder, a lot of people are tightening their belts and making some changes to their budgets.

View attachment 14156

As the cost of living continues to rise, more and more Aussies are cutting back on expenses such as dining out with friends and ordering takeaways. Credit: Unsplash/Luisa Brimble.

It's not just fancy dinners or nights out with friends that people are avoiding - many Aussies are even cutting back on simple pleasures like takeaway dinners. In fact, half of those surveyed said they're being more careful with their money when it comes to dining out and going out for drinks.

And it's not just the fun stuff they're skipping out on - people are also cutting down on expenses that they would rather not go without. For example, one-third of all Australians surveyed are limiting the gifts they buy, while just over one-quarter are cutting down on charity donations.

It's tough out there, and people are doing what they can to make ends meet.

Worryingly, there's more to the story than just cutting back on fun stuff and gifts. Unfortunately, some Australians are having to make even tougher choices. In fact, 15 per cent of those surveyed by Finder said they've had to cut back on visits to the doctor or dentist.

This is a serious concern because not being able to follow up on health concerns can have serious consequences. As Finder health insurance expert James Martin points out, it's even more serious than just having an empty bank account.

It's important to find ways to address this issue so that people can get the healthcare they need without breaking the bank.

View attachment 14157

Some Aussies are reducing their visits to healthcare providers like doctors and dentists in an effort to save money. Credit: Unsplash/National Cancer Institute.

In a recent post on an online forum, one person asked their fellow Aussies what items they had stopped purchasing due to rising prices, and needless to say, the responses were relatable.

One user expressed their love for watermelon but refused to pay the exorbitant price of $20+ per melon. Another had to cut down on their beer consumption and opted for cheaper options. A third user mentioned giving up potato chips, not because they couldn't afford them but because they refused to pay such high prices.

For one user, even their small luxury of buying Mainland butter had to be sacrificed when the price rose to over $7 for a small tub, so they settled for a cheaper option like Western Star. They also mentioned trying to buy whatever is on special for everything else.

Lastly, a user revealed they hadn't eaten at a restaurant in over a year because of the high prices, feeling like they would have to spend a full day's wages just to eat out.

These responses show how rising prices can impact people's daily lives and make even simple pleasures, like eating watermelon or enjoying butter, a luxury.

View attachment 14158

With more price increases on the horizon, Australians will need to continue tightening their belts throughout the year. Credit: Unsplash/Tim Gouw.

According to Lowe, the Governor of the Reserve Bank of Australia, the rate hikes are not finished yet, and it's uncertain how much more they will go up in the near future.

The decision will be based on factors such as the rate of inflation, people's ability to withstand the increase, how much people are spending, and how much wages are increasing.

'I don't think we're at the peak yet but how far we have to go up, I don't know,' he said.

Key Takeaways

• Aussies are cutting back on eating out, drinking out, going to events, buying gifts, donating to charity, taking weekend trips, and beauty treatments due to the rising cost of living.
• Worryingly, 15 per cent of Aussies are also cutting back on visits to the doctor or dentist.
• According to the Reserve Bank of Australia, more rate hikes are expected.

Members, if you're feeling the financial pinch at the moment, here is some advice to help you make your hard-earned money go further.

View attachment 14159

Making a budget can help Aussies manage their finances better and save money. Credit: Unsplash/Towfiqu barbhuiya.

We recommend trying to come up with an effective budget that considers your cost-of-living expenses first, before anything else. It might help you to identify potential places where you can try to save.

It's also definitely worth looking into cancelling any products you're no longer using, like gym memberships or streaming services, as well as shopping around for cheaper alternatives for the expenses you do need.

Most importantly, though, remember never to forego important medical expenses. Your health is the most important thing - no matter how difficult times get.

Tip

We recently shared an article about money-saving and budgeting tips that can help you get started. Feel free to check it out - it might give you some useful insights to make budgeting a breeze.

We understand that many of you may be going through a tough time with the rising cost of living. It can be challenging to make ends meet, and we want you to know that you're not alone. We're all in this together, and we would love to hear your stories and experiences.

Have you had to give up some of your favourite activities or items just to stay on budget? Please don't hesitate to share with us in the comments below. We can all learn from each other and support one another during these trying times.

Of course, I am lucky enough to have a Public Housing home, I have lived here for 20 years this year. I’m on the age pension and no other income. I live in Perth Western Australia and in a really great area. For this I’m very grateful. What I don’t like is up until about 10 years ago we only got charged rent on our Basic Pension but not our Energy or Pension Supplements as these are supposed to help us pay for our Utilities and and help with our medical need’s. So this means that the government of the day, the LNP decided we should pay rent on them. That means that we’re paying approximately $22.42 in rent out of our Supplement’s, we are fortunate in the fact that our rent in WA only goes up once a year. I know in other States people aren’t so lucky. As soon as their Pension goes up their rent goes up. The then government told us this was too cover the cost of any maintenance we may need. What a load of BS that was as they don’t do any maintenance, unless something serious happens and then it could take weeks even months in some case’s. Once upon a time they would paint the inside of your house every 15 years and and the outside every 10 year’s, not anymore that’s you the Tenants have got to do it at your own cost. I could go on but I think you’ll understand. This is not my first email, I’ve been trying too get some answers for years and the silence has been deafening.

 

[Thecla]

Yesterday, I was disturbed to witness a young woman with three kids that appeared to be under 5, sitting with a friend at an out door table at a cafe outside the local shopping centre, complaining about the cost of living and how hard it is to manage on the dole. Whilst that is not unreasonable in itself, the disturbing part was that she and her friend, another young mother with two kids, were chain smoking and their kids were screaming and running amok around the other tables and chairs where other patrons were trying to enjoy their meals. They were going off about having to sacrifice so many things as they could no longer afford them and the kids having to go without. Not once did cigarettes get a mention in their lists of sacrifices.

Of course not and I'll bet they have quite a good supply of alcohol at home as well

 

[Thecheesequeen]

Am I the only pensioner who is doing reasonably well on the aged pension? Certainly, we own our home, have no debts, and don’t have a credit card. and that’s what makes the difference. We eat well (although prices HAVE gone up), go out for dinner regularly, entertain our friends, have weekends away three or four times a year and a longer holiday once a year (except during Covid). We don’t use up all our pension to do these things, and have been able to save a modest amount. We didn’t have much super, and used that up to live on for three years because I chose to retire early because of a toxic work environment. My husband was already retired. We have never smoked, but do enjoy a glass of wine with our meals. I feel blessed, and I know it would be a different story if we had to pay rent.

 

[lAURY]

No Thecheesequeen. We are also on the aged pension an are lucky enough to have some super. My husband also retired early. We downsized our home and built a smaller home. We have one car and no debt or credit cards and are mortgage free. We also save on the aged pension but buy what want and have a comfortable life. We feel very blessed.

 

[Jumping Jack Flash]

Drawing up a budget is great , it actually shows you what you spending and if you can get rid of unused things

I did this a few weeks ago and realised I had the following.
Foxtel
Netflix
Disney +
Prime and stan.

I got rid of Stan and disney +and I am now saving 35 a month.

Amazon prime I pay only $9 a month. It gives me movies and shows. Plus kindle books and free delivery on Amazon.

Groceries I buy on line and checkout the specials first then add other items that are needed. I buy alot of pepsi max and solo no sugar, thus week at cokes it's on special so I will stock up.
The benefit if shopping on line I get to see my total and can remove items if I want to stay under a certain price.

Meal plan...plan your meals for 7 days this will save you money and also the stress of what your going to cook that day.

If you do smoke what a great reason to cut down, not just better for your health but also better for your pocket

There are also free movie channels on the internet ..........

 

[Jennie]

Am I the only pensioner who is doing reasonably well on the aged pension? Certainly, we own our home, have no debts, and don’t have a credit card. and that’s what makes the difference. We eat well (although prices HAVE gone up), go out for dinner regularly, entertain our friends, have weekends away three or four times a year and a longer holiday once a year (except during Covid). We don’t use up all our pension to do these things, and have been able to save a modest amount. We didn’t have much super, and used that up to live on for three years because I chose to retire early because of a toxic work environment. My husband was already retired. We have never smoked, but do enjoy a glass of wine with our meals. I feel blessed, and I know it would be a different story if we had to pay rent.

We are pretty much the same as you. Also still run 2 cars, as we live 40ks from a decent shopping centre and the activities we both enjoy. We still have private health cover, not game to give it up as waiting times are totally out of control for everything. Don't know how long the health cover will last and not sure about 2 cars for much longer. The power and gas bills are eating into our pensions.

 

[Stanier123]

Of course, I am lucky enough to have a Public Housing home, I have lived here for 20 years this year. I’m on the age pension and no other income. I live in Perth Western Australia and in a really great area. For this I’m very grateful. What I don’t like is up until about 10 years ago we only got charged rent on our Basic Pension but not our Energy or Pension Supplements as these are supposed to help us pay for our Utilities and and help with our medical need’s. So this means that the government of the day, the LNP decided we should pay rent on them. That means that we’re paying approximately $22.42 in rent out of our Supplement’s, we are fortunate in the fact that our rent in WA only goes up once a year. I know in other States people aren’t so lucky. As soon as their Pension goes up their rent goes up. The then government told us this was too cover the cost of any maintenance we may need. What a load of BS that was as they don’t do any maintenance, unless something serious happens and then it could take weeks even months in some case’s. Once upon a time they would paint the inside of your house every 15 years and and the outside every 10 year’s, not anymore that’s you the Tenants have got to do it at your own cost. I could go on but I think you’ll understand. This is not my first email, I’ve been trying too get some answers for years and the silence has been deafening.

Growing up in an 8 room house in London after WWII seems luxury. Well 2 rooms were rented out to a young couple. 2 rooms my grandmother used. One bedroom was shared by 2 brothers and myself, another by my parents. That left a living room and scullery. No electricity but gas lighting. No bathroom, a tin bath hanging outside that was brought indoors to use. The toilet was outside and all the household had to use it. Many neighbours had lodgers in spare rooms.

There is a housing crisis as many have moved out of shared houses. Now is time to think about sharing the house you live in for extra income. Or you share with someone else.

Yes, your standard of living will be reduced. Elderly people may get physical and mental help with lodgers. Young people can meet lifelong friends. The extended family of 3 or 4 generations reflects the times. There are benefits as young folk can learn directly from their elders. Things like ethics and honesty are sadly lacking and can be taught. Older folks have the time to listen whilst parents are at work. Young people can learn that if they want to succeed it doesn't happen on its own.

Ukraine is fighting for survival but the world is paying for democracy. My parents and family lived through the last great war. You are in a war much like Australia was in WWII. Sorry to say you will suffer.

 

[Jumping Jack Flash]

Almost right. The current mob of incompetents would. Everyone was warned "it won't be easy under albanese" and "labor can't manage money so they will come after yours." These warnings and others have proven to be so true.

Unfortunately yes .... first your Super and then money you have in your bank account. As a safeguard and because I do not trust these slimy bastards, I will be closing both accounts!

 

[MindyMac]

Lowe and the Reserve Bank are clueless. You keep rates down so people have can keep their employment, can pay their mortgages, rent, bills and have money to buy groceries. Buy that pair of shoes that they and/or their child requires. Have some money to get that take-away pizza and go to the movies. People not spending means that companies Go Under, even big companies will see the the down-turn and put staff off. I got put off because people did not insure for a few years and took the risk of not insuring their cars. Maybe insuring their home building but not the contents. So, people lost their jobs.

It's already happening.

It means a Recession and massive unemployment figures. Massive costs to the tax-payers and we are already in the $red because of Covid and the wasted money just handed out even to companies that used Covid $$Payments as $profits.

Lowe and the others should be arrested by the Australian Federal Police and put in prison. But 'No' he is getting $12 Million a year annual salary. Can you believe that. $12 Million a year. That figure was disclosed on the news just last week when he fronted House Economics Committee.