As a generation, it’s been said that we millennials waste a lot of money, and as much as I hate to be a conformist, I’d have to agree. From our weekly smashed avo habit to our penchant for fancy cocktails, it’s safe to say that most of us won’t be able to afford a down payment on a house any time soon.
But it’s not all doom and gloom! We’ve partnered up with Peet and their new development Greenlea Baldivis to bring you 25 things to stop paying for right now if you want to save bulk cash and be on track to owning your own home in the next century. And the best news is, a lot of them are simple switches that won’t impact your life too much. Here goes!
- Unused automatic subscriptions—still paying for the Sweat With Kayla app but haven’t worked out in over a month? Cancel your subscription right this second or so help you!
- Dinner—start visiting your parents several nights a week and when your mum asks if you want to take leftovers say yes, you fool.
- Netflix—find out someone else’s login and you can say hello to an extra $10 in your bank account each month. Don’t tell them we told you this.
- Smashed avo—make your own at home instead of going out, it’s as simple as that.
- Excess power consumption—opt for candles instead of lights, use a blanket instead of a heater, open a window, turn off the TV during the ad breaks, charge your phone at work, basically be the biggest stinge when it comes to power and you’ll be rich in no time!
- Single use coffee cups—heaps of cafes offer discounts if you bring your own mug and, while we love the KeepCup, you can buy a really cheap re-usable mug from Kmart that’ll do the same job if you’re on a budget.
- Buying gifts—either tell your friends you’re saving and you can’t afford to buy them presents (and don’t expect them in return), otherwise get crafty making something or steal some flowers from your gran’s garden.
- Alcohol—you’d be surprised just how much moolah you can save by not drinking booze. Don’t worry, you don’t have to give up completely, just cut back or invite your friends over to your place for a drink instead of going out and buying $18 espresso martinis.
- Binning all that stuff you find spring cleaning—you can make a heck of a lot of money by selling your wares at a swap meet. And when you’re rich you can donate all of your designer goods to charity to make up for it.
- Petrol—walk or ride a bike whenever you can.
- New things—whether you’re in need of bedside tables or cutlery, Gumtree has it all.
- Beauty products—most of the big beauty stores will hand out free samples if you ask nicely!
- Buying for the branding—supermarket brands and generic pharmaceuticals do the exact same job.
- Books—borrow them from your friends or a library (yes, they still exist) instead.
- Phone bill—it’s highly likely that another phone provider is offering a better deal than the one you’re on, so do some research and make the switch!
- New clothes—your old ones will do just fine. And if you’ve got a special event to go to borrow something from a friend.
- Exercise—try one of these free YouTube workouts instead.
- Fun—you don’t need to buy a good time with all of the free events going on in Perth each week. Keep abreast of things to do here.
- Herbs—grow your own instead, even if it dies before the year is out you’ll save at least $3 a week.
- Hair cuts—if you’re not too picky about who does your hair, there is an apprentice somewhere who would kill to get their hands on your locks. And don’t worry, it grows back!
- Water–do not, I repeat, do not buy bottled water. You are literally throwing your money away if you do.
- Excess international calling and texting charges—call and message your friends on FaceTime, Skype, WhatsApp or Messenger (preferably using someone else's WiFi), you silly billy!
- Credit card fees—shop around for a new card with no annual fee or, if you can, cancel your card to avoid overspending.
- Shipping—there is a discount code out there somewhere.
- GST—fresh food doesn’t cost you extra, fact.
Image credit: Elle Borgward
Editor's Note: This article is proudly sponsored by Peet and endorsed by The Urban List. Thank you for supporting the sponsors who make The Urban List possible. Click here for more information on our editorial policy