Simple expert advice on how Kiwis can save money amid a cost of living crisis

Avoid chasing after the dots

Rasmussen agreed with Shanks that Kiwis should plan their groceries and also check the fridge before leaving, so they are not tempted to add extra items.

One trap Kiwis can fall into is watching supermarket specials, which Rasmussen says can actually make you spend more.

“One thing we would say is it’s fair to doubt supermarket specials, things like everyday value and bargain prices,” she told Newshub.

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

She urged Kiwis to look above their line of sight on the shelves, while avoiding chasing after points for rewards.

“Eye level is often where the most profitable items in the supermarket are, so look above and below and really check those different prices,” she said.

“We recommend that people don’t chase after points when shopping because you have to spend a lot of money to get pretty paltry returns, so stick to what you need.”

She also encouraged Kiwis to buy their fruits and vegetables from local markets where they can find good deals.

Rasmussen said she would recommend Kiwis not to go to the supermarket hungry as it could see them buying extra items and also encouraged the purchase of cheaper cuts of meat.

Power

Shanks said phone, internet and electricity packages were all creating a significant drag on household costs and urged Kiwis to ask themselves what they really need.

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

A few tips Rasmussen gave the Kiwis to save energy were to make sure they were on the right plane and to make sure there were no gaps under windows or doors.

Shanks and Rasmussen both encouraged Kiwis to go to powerswitch.org.nz to see if they were on the best deal for them, as they could save hundreds of dollars if they switched providers.

“Making sure your home is sealed really well is a great way to keep your bills down,” Rasmussen told Newshub.

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

“Also look at your curtains as curtains can be a massive heat leak if you don’t have heavy duty curtains with the right thermal insulation.”

The last tip Rasmussen had for saving energy is to make sure all unnecessary items are turned off and not wasting energy.

“Walk around your house and look at what’s on. So, for example, having a heated towel rail on all day would cost you about $0.49 a day, or about $180 over a year,” he said. she declared.

“So maybe if you shower in the morning or evening, you could turn it on an hour or two ahead of time and that would save you some money.”

Shanks and Rasmussen both urged Kiwis to dry their clothes outside rather than in the dryer while taking shorter showers, using cold, not hot water for their washing and trying to avoid the oven as far as possible.


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