Easy tips from experts on how kiwis can save money amid cost of living crisis

Avoid chasing points

Rasmussen agreed with Shanks that Kiwis should plan their grocery shopping and also check the fridge before heading out, so they aren’t tempted to add extra items.

One trap kiwifruit can fall into is looking at supermarket specials, which Rasmussen believes may actually make you spend more.

“One thing we would say is that it’s fair to have second thoughts about supermarket specials, things like everyday value and great prices,” he told Newshub.

“This marketing is really persuasive, it can make you feel like you’re getting a great deal, but the savings may not be as high as you think. So sticking to your list is a great way to avoid spending.”

He urged Kiwis to look over their eye lines at shelves, while avoiding chasing points for rewards.

“Oftentimes eye level is where the most profitable items are in the supermarket, so look up and down and really check out those different price points,” he said.

“We would advise people not to chase points when they’re out shopping because they have to spend a lot of money for fairly insignificant gains, so just stick to what you need.”

He also encouraged Kiwis to buy their fruit and vegetables at local markets, where they can find good deals.

Rasmussen said he would advise Kiwis not to go to the supermarket hungry as he might see them buying extra items, and also encouraged buying cheaper cuts of meat.

Energy

Shanks said phone plans, internet and energy create a significant drag on household costs and urged New Zealanders to ask themselves what they really need.

“If you have a cell phone, do you still need the landline? Do you need a monthly payment plan or would a SIM card be cheaper?”

A couple of tips Rasmussen gave the Kiwis to save energy was to make sure you have the right plan and to make sure there are no gaps under windows or doors.

Both Shanks and Rasmussen encouraged New Zealanders to visit powerswitch.org.nz to see if they have the best deal for them, as they could save hundreds of dollars by switching providers.

“Making sure your house is really well sealed is a great way to lower your bills,” Rasmussen told Newshub.

“Very often there can be gaps under doors or out windows and you could be losing heat through uninsulated ceilings or floors. So a really cost-effective way is to put block drafts under doors.

“Also watch your curtains because curtains can be a huge heat drain if you don’t have strong curtains with proper thermal insulation.”

The last tip Rasmussen had for saving energy is to make sure all unnecessary items are turned off and don’t waste energy.

“Go around your house and see what’s on. So, for example, having a towel warmer on all day would cost you about $0.49 a day, which works out to about $180 over the course of a year,” said.

“So maybe it would be that, whether you shower in the morning or at night, you could turn it on an hour or two earlier and that would save you money.”

Both Shanks and Rasmussen urged Kiwis to dry their clothes outside rather than in the tumble dryer, while taking shorter showers, using cold rather than hot water for washing, and trying to avoid the oven as much as possible. the possible.

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