Tips for Families to Save and Make Money

Money in, money out – it seems to be a never ending revolving door at our house, with more going out than coming in most months!

Whilst that elusive money tree isn’t going to magically spring up in the backyard, there’s lots of ways we can save on expenses around the home (including shopping with Bubbler!), as well as making a little extra. So this month I spoke with Kylie Travers from The Thrifty Issue over on our Facebook page and picked up some great tips she was happy to share with us all.

The Thrifty Issue is a website designed to help mums save and make money.  Kylie is an award winning CEO, amazing blogger and international speaker who has faced many life issues as a single mum of two.


If you missed the Facebook Live conversation, you can view it here.


Thanks for joining us! I'm talking to Kylie Travers of The Thrifty Issue about her tips for budgeting, clearing debt and even making a little extra cash! We'd love to answer your questions too – so drop us a comment and we'll do our best to get it answered for you.

Posted by Bubbler Deals on Wednesday, 2 May 2018



Kylie shared so much GOLD with us, and below are some key tips that you can apply to your own household.


Tips for saving on household expenses:


  1. Do an audit of your finances: Get out your statements and see how much you’re actually spending. You’ll then quickly realise where there are leaks where you can make changes. Make sure you switch appliances/lights off when not in use, and use what you need to efficiently – using an air conditioner may be more energy efficient than an oil column heater!  TIP: Make sure you’re getting all the discounts you’re eligible for, such as pay on time discounts.
  2. Compare your providers regularly: Make sure you’re getting the best deal by setting a day aside every year to do a comparison of your providers such as health care and insurance –  a great time is just after tax time. TIP: When it comes to insurance, never simply pay the renewal. Insurance providers give the best offers to new customers, so always get a new quote.
  3. Change how you shop for your groceries: Planning your meals for the week can save you time and money  It’s a great way to make sure you are only buying what you need rather than doing the after school dash.  You may be able to save by buying in bulk when things are on special. Check out local markets – sometimes they have vegetables and fruit on special at the end of the day. TIP: Visit ‘The Thrifty Issue’ for Kylie’s post on where to get free and cheap groceries.
  4. Learn delayed gratification: We live in a society where we have to have everything – now! Instead of falling prey to this, try to resist immediate temptation and you will save in the end. TIP: Keep a list of those impulsive buys you want. If after 30 days you still want it, you can then work out how to fit it into your budget.


Ideas for Making Extra Money

Your capacity to to save money is limited by how much you make and your expenses, but your capacity to make money is limitless! Here are a few of Kylie’s suggestions:


  1. Sharing: Rent out those things you don’t use such as a room, used baby gear, your garage, even your car!
  2. Online: Kylie has been hugely successful with blogging, but you can also be a virtual assistant, complete online surveys, flip websites and freelance.
  3. Out of the house: casual delivery driver, Shebah driver (female only service), mystery shopping, market research.
  4. From home: Ironing, buying things to resell, pet sitting, personal concierge


Tip: Visit The Thrifty Issue for ‘43 Ways for Single Mums to Make Money’.


Tips for Reducing Debt

Work out how much you owe in debts i.e. credit card and loans, and work out a plan to pay them off. It’s also a good idea to have a $1,000-$2,000 emergency fund so if you need something urgently, you don’t fall back on your credit card


  1. Pay off small debts first: Psychologically you’ll get a kick when you pay off the smallest one first – it’s kind of like a reversing debt snowball. Keep making the minimum payments on all of your debts, but put any extra money towards this debt.  It might not be the best way financially, but it has been proven to be the most effective way.
  2. Throw everything you can at your debt: Round down how much money you have and throw the extra into your debt. For example if I have $104.25 in my bank account, put the $4.25 into the debt.
  3. Assess your lifestyle:  Look at what you really need – sell off what you don’t need.


Then – once you have your debt paid off – it’s time to start saving!


To make it easier, have a goal that you’re saving towards. A real incentive to work towards will keep you motivated. Then set a clear budget and be committed to it!


Compound interest is a wonderful thing.  If you can set aside a small amount to put away every month it will grow without you even doing anything. But do remember there are expenses that will come up such as replacing household appliances, cars, paying off the mortgage/saving for a house deposit, so be mindful of keeping a savings fund for those types of things.


Kylie has so many ideas and great advice – you can check it all out at The Thrifty Issue.


Thanks for your time Kylie!

Leave a Reply

Your email address will not be published. Required fields are marked *