Cost of Living Hub – NSW Government

Here are some tips to help manage the cost of living crisis in Sydney:

• Create a budget: Make a budget to track your expenses and identify areas where you can cut back. Include all your expenses, including housing, food, health, transportation, and entertainment. 
• Reduce non-essential spending: Take a “no spend” day or week to challenge yourself to not spend money on non-essentials. 
• Save first: Set up automatic transfers from your main account to a savings account for irregular expenses. 
• Shop smarter: Shop around for groceries and energy to reduce your bills. 
• Improve your knowledge of personal finance: Read books, articles, blogs, or podcasts about budgeting, saving, and investing. 
• Explore side hustles: Consider bringing in more cash to stretch your income. 
• Smooth out your big bills: Some services, like electricity, council rates, or insurance, offer “bill smoothing”. 
• Compare your energy costs: Shop around for energy to reduce your bill. 
• Be energy savvy: Take steps to be more energy efficient. 
• Share streaming services: Share streaming services with friends. 
• Meal plan: Meal plan and get creative.