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6 Ways to Save Money in 2025 with NZ Compare
Dec 20, 2024

Save money in 2025 with these 6 tips! 

This past year has been a challenge for many Kiwis. With the cost of living, it has felt overwhelming and stressful at times. As we head into 2025, saving money in any way possible will be at the forefront of many of our minds. A priority and goal. While the current economic climate can make it feel impossible to save, the good news is that you do have some control over where your money goes. 

We have put together our top 6 tips to save money in 2025. 

1. Compare Bills

One of the most effective ways to unlock savings is to make a habit of regulating comparing your bills. Here at NZ Compare, we are all about helping Kiwis make better decisions with their money, leveraging the power of knowledge to help them save money. Knowledge is truly power. Our comparison platforms are designed to empower you to compare your household bills such as your broadband, power, mobile, and other finances, to discover savings that actually make a difference to your budget. 

Our platforms are bias-free, hassle-free, free to use, and allow you to compare the best options available to you side-by-side so you can make a fully informed decision and therefore, find the right deal for your unique needs that delivers value and savings. You can compare and switch to a better deal within just a few minutes. Avoid that pesky loyalty tax, and save money this new year. 

2. Lower Power Consumption

Our power bill is often the highest bill of the month. It can be frustrating because it isn’t always consistent, changing with the seasons, industry changes, and your power consumption. There are a few simple things you can do to lower your power consumption, and thus, reduce your power bill and save money. 

For example, you can invest in energy efficient appliances that use less energy to do their jobs, saving you money in the long term. You can also use LED light bulbs, run your washing machine with cold water and turn appliances and devices off at the wall when you aren’t using them. 

6 Ways to Lower Power Bill

3. Cancel Subscriptions

How many subscriptions do you have that you don’t regularly use? It’s a good idea to undertake a quick digital declutter and cancel subscriptions you don’t use often. Consider only having one subscription to a streaming service because you will save a lot of money month-to-month. Think of how much your budget will thank you! 

You may even want to consider checking out Broadband Compare. Many broadband providers offer joining perks when you switch to them such as a free year subscription to a streaming service. That would really help you save money this year! 

Streaming Platform Prices 2024

4. Start Investing

One of the most powerful ways to save money is to start investing. Be sure to compare different investment brokers – who can help you make positive returns on funds you choose to invest, fostering more money for you in the background, and while you sleep. Click the button below to compare share trading platforms. 

Compare Online Brokers

You can also start a savings account. There are many different savings accounts on the market. They often come with an interest rate, meaning the bank will put a certain percentage of interest in that savings account, depending on certain terms and conditions. This can be a great way to save money over time, and to have your money work for you in a positive way. You can help this savings account build up by setting up an automatic transfer of funds each time you get paid, so that the money accumulates without you having to do much. 

Jump on Money Compare to compare different savings accounts to find the right one that serves your unique financial goals. 

Compare Savings Accounts

5. Change the Way You Grocery Shop 

It can be so easy to walk into the grocery shop and fill the cart with little thought. But going into that grocery store with a plan and a list can help you save money and avoid food waste. Plan your meals for the week. Lunches and dinners and snacks. Create a list of items to buy based on those meals. Be sure to check your freezer and fridge to see what you already have. 

By going into the store with a thought-out list, you can avoid buying things that you won’t necessarily use and avoid waste. You could even try shopping online to prevent the temptations that can arise when strolling supermarket aisles. 

6. Create Short Term and Long Term Goals

It’s important to set small and larger goals so you have something to aim for and keep you motivated. For example, a short term savings goal could be for a TV, a holiday, or for a new phone or laptop. A long term goal could be saving for a house deposit

Track your progress, and be sure to reward yourself along the way so you can keep the goal alive, and keep yourself moving forward. Treat yourself to a yummy takeaway meal when you hit a certain savings amount or book a new activity for your holiday. You got this! 

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