π‘Β 10 BIG home owner expenses (& how to SAVE)
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What are the 10 big homeowner expenses discussed in this episode?
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So don't act on the information until you've spoken with your financial advisor. You'll find our full disclosure, disclaimer and link to our financial services guide in the show notes. Kate Campbell, welcome to this episode of the Australian Finance Podcast.
I'm here.
You are here. Welcome. It's good to be back. It is good to be back. Today, we're talking 10 ways that homeowners can save, but we're also going to throw in some things if you're renting. Basically, anyone can save money from these tips. So with mortgage interest rates going up, with rents going up in some places, the cost of living, the cost of iceberg lettuce, I haven't had one of those in ages. It's all up in the air and people are pretty unsure about their expenses, like how they're going to make ends meet in certain respects. So that's why we're here today to give them 10 actionable strategies and ways to save money. And it ties in with your recent purchase of a home.
Yes. Well, it's been very interesting to me because there seems to be expenses everywhere as a homeowner. So starting from the mortgage, that's the expensive part, but there's a lot of other expensive bits. So this deep dive, I went down trying to figure out ways to save money around the house and thought we'd share it with you. And we've got some listener suggestions in here as well. So it's not all going to be helpful for you. Some of this, you might've tried, it didn't work. And some of this might be state relevant, but If you can take one thing from this episode and maybe give it a go around the home, save $100, $200, it's probably worth doing.
Because for many people, mortgages have gone up. And that means an extra $500 a month for a lot of people, $1,000 a month, depending on the size of your mortgage, every month. And that's pretty scary for a lot of folks. And conversely, if homeowners are facing increasing costs and investors... It also can mean rents will go up as well. The two biggest mortgage stresses or financial, sorry, biggest financial stresses in Australia are the rent or mortgage, then groceries. And both of those things have gone up. So now is the time to get creative, have a bit of fun, start saving money. Number one, Kate.
your mortgage, which is probably one of your biggest expenses at the moment, or your rent. Some of these tips are for mortgage, but you can probably throw in some ones for rent as well. So firstly, actually putting a calendar reminder to review your mortgage rates on a yearly basis. Maybe it's fixed right now, but if it's coming up to the end of the fixed term, being really proactive about what's going to happen after that.
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