Finding new ways to save money is always a welcome way to ring in the New Year, and 9News Money Editor Effie Zahos has revealed her top hacks for 2025.Her tips include taking the time to audit bills and selling things online.This is what you need to know.
Finding new ways to save money is always a welcome way to ring in the New Year. (Getty Images/iStockphoto)
Audit household bills
The first hack is to perform an audit of bills.A household could save up to $2790 on average in the first year by switching six common bills to cheaper or better value options.You could save an average of $975 on home insurance, $958 on car insurance and $219 on health insurance by shopping around.Other savings include up to $174 on NBN plans and $129 on mobile phone plans.Ebay vendor wants $10,500 for this Aussie coin – is it worth it? View Gallery
Decluttering
Last year, more than 20,000 Australians participated in a national garage sale, earning an extra $460 on average.The Garage Sale Trial is a two-day event that will return in November, but Aussies can do the same thing using sites like eBay, Facebook Marketplace and Gumtree.Reseller site eBay estimates that Australians could pocket an extra $100 per household by selling unwanted Christmas gifts alone.Families can also sell items like collectables, vintage or trendy clothes or old furniture to make a quick buck.
Finding new ways to save money is always a welcome way to ring in the New Year, and 9News Money Editor Effie Zahos has revealed her top hacks for 2025. (Nine)
Boost your super
Some Australians can collect $500 from the government in their super.You need to earn $45,400 or less and contribute $1000 of your after-tax money into their superfund by July 1 to be eligible.To avoid a big lump sum payment of $1000, families can save $50 a week from February.
Wasteful spending
There are also a number of ways households can cut back on wasteful spending.Cutting back two streaming or subscription services can save families an average of $360 per year.One less takeaway meal per week can save someone as much as $1560.Making a coffee at home instead of spending $5 for one each day can save $1200 per person.The total savings would come out to $3120 per year after cutting back those few things. Over three years, one person could save up to $10,300.
App Audit
Another tip is to delete an app that costs you money and replace it with one that helps you save money.For food savings, try Too Good To Go or Foodybag to buy rescued food at as much as 50 per cent off.The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.
