Almost everyone could use some money saving tips, NZ being the expensive country that it is and all.
Having money in the bank is so important.
You see, if we didn’t have savings behind us, I could never have even thought about starting an online business.
I certainly couldn’t have paid for childcare out of pocket to enable me to work and there is absolutely no way we could have gone on a four-month holiday last year either.
Saving money in New Zealand is a hard slog.
Our cost of living is high and if you’re renting, it just keeps increasing.
But fear not, I am here to let you in on my best money saving tips so you can stash a few bob away for a rainy day and reduce financial stress.
18 Money Saving Tips NZers Need To Know
1. Weekly meal plan
Meal planning is THE best way to reduce your grocery bill. We try really hard to plan each nights meal, and do the grocery shopping around that.
Breakfast is always the same, and packed lunches are similar too – so the evening meal is the only one we really need to plan for. Check out these ideas for cheap and yum kid-friendly meals.
2. Take surveys on Valued Opinions
Valued Opinions is my favourite Kiwi survey site as the surveys are frequent and payment is reliable.
I use the gift cards I get from taking paid surveys for presents which saves me a lot of cash. Join Valued Opinions here.
More of my fave Kiwi survey sites here
3. Install the overdrive app for free ebooks from the library
If you have an iPad or tablet, you can download the free Overdrive app and ‘borrow’ ebooks from your local library for free.
4. Join Ebates before you buy anything online
Some people are surprised to learn that Ebates works for Kiwis too – I use it mostly for Book Depository plus they have discount coupons for AliExpress.
It’s definitely worth joining this cash rebate site and getting some of that cash you spend, back in your own pocket. Join Ebates here
5. Price check everything on Pricespy
Before you purchase any major appliance or item online, check Pricespy to make sure you’re getting the best deal.
6. Compare your power at Powerswitch
You might be able to save hundreds of dollars each year simply by switching power companies. You can check at Consumer Powerswitch.
If Electric Kiwi is one of the best options for saving you money, use my Electric Kiwi refer a friend code to get $50 FREE (I will too – here’s the link: Get $50 FREE when joining Electric Kiwi>>
More on Electric Kiwi here.
7. 2 degrees data clock
If you’re a 2 degrees customer you need to download a very cool app called Data Clock. The app offers cheap or often free data hours or packages for when you need more.
I found this super helpful when we were on holidays recently with the kids and the motel had limited wifi (as so many NZ motels do).
I was able to get a free hour via Data clock and hotspot the iPad through my mobile so the kids could watch a show on Netflix.
8. Download the WINZ cookbook
For some really good and cheap family recipes, you need to check out ‘The Great Little Cookbook’.
It’s available as a PDF download here.
The Great Little Cookbook was created by staff on the frontline of social services in New Zealand, it’s a very back-to-basics cookbook with excellent tips on reducing grocery spend.
9. Quit the gym and get online
How often do you actually use your gym membership?
I loved going to the gym but by the time my husband got home from work and I got to the gym, did my workout and had a shower, it was almost the kids’ bedtime. It took a lot of time!
I’m so happy I found Move it Mama, an online High-Intensity Interval Training program run via Facebook Live.
Lisa is a Kiwi and offers her awesome program for just $10/month. Plus I can do it anytime I want and the kids join in.
It takes just 20 minutes and I’m done. I’ve never felt better and I’m saving over $50/month compared to a gym membership.
10. Drive less
Check out those petrol prices – $2.43 a litre in the South Island!
Needless to say, walking or cycling as much as possible is a great way to save money and clear your head.
I’m now committed to walking to school when it’s not raining.
11. Join a veggie co-op
Joining a fruit and vegetable co-op can save you a lot of money on your weekly shopping bill.
I’ve found we only needed to purchase every fortnight as there was so much fruit and veggie in the bags.
12. Declutter your home
Decluttering your home can actually save you money and time. Think about how much time you’d save each morning if you had a capsule wardrobe.
What about how much you could make by selling the stuff you don’t use anymore. Not to mention not needing to buy something again because you can’t find it!
13. Double-glazing effect on the cheap
If you have old wooden single glazed windows, install the Duck or 3m window film for a cheap double glazing effect.
It costs around $40 to do my whole house for the winter but compared to 20k on new double glazing, it’s nothing. The 3m stuff is available at Mitre 10.
14. Search for coupon codes before purchasing anything
Always search for coupon codes before you make a purchase.
I’ve found this the best way to save on things like travel insurance, Countdown online delivery fees and more.
15. Start a new hobby
Starting a hobby can save you a heap of cash.
It’ll give you something to occupy your spare time and an outlet for stress (which might usually be spent going to the mall or a bar). Check out these ideas for profitable side gigs and make your hobby an income earner!
16. Automate a small amount to an ‘untouchable’ savings account
If you can afford to buy coffee or a takeaway once a week, you can afford to save.
Setup an automatic payment for $5 week to a savings account on the day your pay comes in.
You won’t notice it has gone and it’ll add up quickly.
Increase the weekly transfer amount as you can, even $2 incremental raises make a huge difference to your total savings balance
17. Always get your max KiwiSaver contribution
Say what you will about KiwiSaver, but there’s nowhere else you’ll get a guaranteed 50% return on your money.
Make sure you contribute the minimum $1042 to your KiwiSaver balance each year to ensure you get the full member tax credit of $521. More details here.
18. Do a spending freeze
A spending freeze is a great way to reset your budget. You can choose to freeze only certain expenses so you can hone your focus on one area.
I like to freeze all non-essential expenses for a 14 day period and see how I feel afterwards.
These kinds of challenges keep my money saving skills fresh.
Saving money in one of the highest cost of living countries in the world is no easy task, but us Kiwis are a resourceful bunch. I hope these simple savings ideas have got your mind ticking over.
Share your favourite tips for saving money in the comments.
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