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From Little Things Big Things Grow….

As the song says “from little things big things grow”. I kinda already knew it and I teach it in my classes every week, especially in relation to saving. However, it hit home last week when we rocked into the bank with this inconspicuous bucket of small change. Granted, it was heavy.  All silver, 20c, 10c and 5c only.  All the good coins had been spent a long, long time ago.

How much is this bucket of coins worth? How much is this bucket of coins worth?

It doesn’t look like much does it?  How much do you think it was worth? On the way to the bank the hubster and I speculated about how much we thought it was worth. We both concluded that it would only probably add up to $20 or so. In our view $35 was the absolute max.  I […]

By |January 30th, 2016|Saving|9 Comments

Unusual Ways To Save Money

As most of you know I have a part time job teaching social workers about money so they can then help their clients.  It is a fantastic job for someone like me who loves talking and writing about money!  I love teaching the course because every time without fail I learn something new from my class that I can then think about using in my life or share with you all.  What I find fascinating about personal finance is that there is not a ‘one size fits all’ answer or only one way to achieve a goal, there are different ways that suit different people.  Believe it or not some of the most diverse answers come when we talk about different ways to save money….. so here are some of the most unusual ones I have heard lately.

  1. Cold Hard!
    Yep – you read it correctly when I asked one of my […]

By |July 24th, 2015|Saving|5 Comments

How To Save Money On A Holiday To The USA!

You might have been wondering why things have been a little quiet on the Money Mummy post front over the last few weeks.  Well, the Money Mummy clan have been having a holiday in United States of America!!!  We spent most of our time in California including a trip to Disneyland which we all LOVED, but also popped over to New York and Washington to check them out and experience what it is like to be a tourist in minus 12 degrees!!!!! Yes we were there for New York’s coldest day in 50 years and it was FREEZING!!!  Mind you, our daughter loved the snow!  I have to hand it to the Americans you think that you know them because we see their TV, movies and their news but it is a far more diverse and interesting country than I gave them credit for and we had an absolutely fantastic […]

By |March 29th, 2015|Saving|10 Comments

15 Ways To Save Money In 2015

As most of you know my day job is to teach social workers about money so that they can then help their clients with their financial issues.  A big part of the course is exchanging ideas on ways to save money.  I love to hear everyone’s tips for saving money and it is one of my most favourite parts of the course.  So, given I have heard heaps of ways to save money, I decided to compile all the best ones into this list.  I am not suggesting you do all of the things on the list, but take a look and use the ideas that make sense to you.

  • Use a separate bank account that is hard to access.
  • Direct debit a set amount into your savings account as soon as you get paid.
  • Get your employer to directly put part of your pay into your hard to access savings account so […]
By |December 11th, 2014|Saving|17 Comments

How To Win Free Stuff!

This post is a guest from my great friend Lisa-Marie from The Retro Mumma.  I am constantly in awe of Lisa Marie’s ability to win the best free stuff.  She is always winning the kind of stuff that you really want.  So she has popped over to Money Mummy to share her secrets with all of us. Take it away Lisa Marie!

How To Win Free Stuff!

Today I was pampered and treated to a beautiful cut & blow dry from Yeah Hair Baby in Marrickville.

What was even more fabulous was that it was FREE!

Some people say that I was born with a 4 leaf clover, but I don’t believe that – it just comes down to the old saying of ” you have gotta be in it to win it”.

So how did I win this beauty treatment? Well I won it through a Facebook promotion on the Yeah […]

By |October 14th, 2014|Saving|10 Comments

5 Simple Savings Ideas That Absolutely Everyone Can Use

This post is brought to you by ASIC’s MoneySmart website

Most people think that in order to save money you have to do some really grand gesture, like only soup for dinner for the rest of your existence, but saving money does not have to be that difficult.  In fact, I believe that when it comes to saving, it is the small things that you do every day that really matter.  So here are five of my most favourite simple savings ideas that absolutely everyone can use in their everyday lives.

  1. Choose a goal and create a plan

    You need to have a savings goal.  Without a goal it is easy to splurge money on a whim.  Goals give you focus.  Everybody has different savings goals.  Choose yours, whether it be a holiday, buying your dream home or saving for your child’s education.  You don’t have to have just one goal, […]

By |October 6th, 2014|Saving|26 Comments

10 Ways To Reduce Your Average Electricity Bill

Last year I wrote about my horror at receiving a $1400 electricity bill for winter!  I realise that my house is all electric but still the shock prompted me to search out a better deal.  A couple of weeks ago I received my winter electricity bill for this year.  I am proud to report that my winter electricity bill was down 28% from last year and is now around $1000.  Although a lot better than last year, $1000 still seems like a lot to me for a small house with 3 people living in it.  Surely there is more we can do?  So here are a list of some of the things we are going to implement in our household to cut our average electricity bill even further.

  1. Finish our move to energy efficient light bulbs

    We still have quite a few old light bulbs in our house. A move to energy […]

By |September 25th, 2014|Saving|16 Comments

5 Ways To Avoid ATM Fees

Ok, if I was to list my 5 pet peeves it would go something like this:

  1. Dirty glasses (yes I have four eyes and any spec on my glasses drives me crazy)
  2. Dirty car windscreens (I think this might be related to the glasses thing)
  3. Coriander (yes, who knew I could find it so offensive?)
  4. ATM Fees
  5. Scam artists and those who rip others off

Yep, they don’t call me The Money Lady for nothing.  ATM fees rank pretty highly on my list of things that give me the sh*ts!  I really can’t understand why I have to pay to access my own money and particularly why using an ATM which is not my bank’s can cost me anywhere between $2 and $3.50.  A cost that is totally out of line with the actual cost of the electronic transaction to my bank!!!!  Though I can see why the banks like ATM fees, apparently in the year […]

By |August 6th, 2014|Saving|13 Comments

What Is The Best Way To Save For Your Child’s Education?

Education is expensive.  Even if you have no intention of sending your child to a private school, the costs associated with your local public school soon add up.  There are books, shoes, uniforms, excursions and after school activities.  The costs seem endless.   This is not even to start thinking about costs of higher education should they choose to go on to university or TAFE and you want to help them out.  So how do you afford to pay for it all?

The keys to success to save for your child’s education is to start as early as you can and save regularly.  Time and having a regular savings plan help to harness the most powerful wealth building tool ever: compound interest.  Compound interest is when you earn interest on top of your interest.  When you save or invest your money earns interest, so you then earn interest on your original investment […]

By |January 30th, 2014|Saving|21 Comments

6 Ways To Save Money On Your Child’s Birthday Party

If you choose to use the KISS principle anywhere in your life, you should absolutely use it when you are hosting a kids birthday party.  For those of you who are unfamiliar with the KISS principle it stands for “Keep it simple, stupid!”  We applied this principle big time when it came to our daughter’s first and second birthdays.  We just grabbed a picnic blanket, a couple of roast chooks from up the road and headed down to our local park with a couple of friends.  Simple, low stress and oh so cheap.

This year, with Miss Money turning 3, she really wanted a proper birthday party.  So, with much trepidation we decided to give it a go.  Kids birthday parties are a bit like weddings, it is easy to get carried away and they can easily become black holes for cash.  So here are 6 ways we saved money whilst […]

By |September 5th, 2013|Saving|27 Comments