I earn just under $30,000pa so my savings capacity would not compare to theirs at all.

Spread sheets?!?! I don’t think so. This couple would have to be on a good wage to start with to be able to save $30 000 in 12 months. There’s people who don’t even earn that in 12 months

There are some wonderful tips and advice given in this article. Thank you

Some good ideas. $30,000 wow that’s a big saving. Good on her. Hope to put some of her strategies to work.

It is very important to keep you and your families goals in mind and just not notice what others are doing. I read an article not so long ago about a woman who was being deceived by her husband about how much money he made. It wasn’t till their divorce she realized he had been hiding funds and positively thanked him for providing her with the ability to budget.

Fantastic great ideas to help us save money we need more articles like that please

These are some great ideas. Thanks for sharing

What wonderful tips there are here. Well done.

Good on her, a fantastic achievement. We live by a few of her tips and whilst we haven’t saved $30,000 in a year, we own our home and manage to live quite comfortably with an overseas family trip every couple of years.

I love your budget ideas – have been doing this all my life and I know it works. Hope others will learn from your tips.

$30,000 is an amazing effort. Well done! Of all the tips the one that resonates most is the precise planning for meals, and knowing the exact items, buying no more or less. I wonder how much this might save me, and whether I’d be able to stick to it (especially would I get hungry from under planning?!) So often I have a ‘general idea’ of the week ahead and its needs, what is in the house and head to the supermarket with a skeleton list, to which I add any specials (especially that will keep or freeze). However, I often feel I spend more than I ‘should’ – despite not going over my target amount and getting specials that will be used in due course. I wonder if I could really save from better planning meals. I suppose I’ll have to try.. and see if everyone can bear the lack of flexibility that will come with it!

We’re a cash household. We get out a set amount at the start of the week and it has to last us. You think a lot harder when you can physically see how much you’re spending. And we also put out coins in a tin at the end of the day and that adds up to at least 1 or 2 thousand in a year.

I’ve read “The barefoot investor” lately and since then I’m a little bit more strict in how I handle our money. In the transaction account I leave the money that I expect to spend that month, except the mortgage that is in the off-set account. As soon as the salary gets in, I move money to an online saver, to pay taxes and GST, more money to the superannuation, a small amount goes to a “smile” account that could be for holidays or entertainment, another amount in a school account to pay school fees. I leave a fixed amount in the transaction account and that’s what we have to live with till the next salary. The rest goes to the off-set account.
But saving 30.000 dollars would be impossible probably because we start from a very low income.

To save money here, at the end of each pay fortnight what ever is leftover it goes into another account. We didn’t use it so it can be put away.
I also have been putting aside any $5 notes and$2 coins, which quickly add up

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  • • mom93821 replied
    • 21 Apr 2018 , 7:13 am

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  We also save the left over cash – so satisfying to put it away for a rainy day!

We budget our monthly and weekly expenses. One of our ways to stay out of debt is that we don’t own our own property,so no homeloan or morgage, we rent our house. Plenty of second hand clothing or hand me down and my husband sells quite some items on ebay.