Yahoo Finance Simple way Aussie saved $3,293 in 6 months: ‘I’m speechless’
This Aussie uses a classic tin to save thousands of dollars a year.
The cost-of-living crisis is taking a hold on every Aussie household, but some are going back to basics and saving some serious cash.
One Aussie took to TikTok to show off her impressive savings from just the first half of this year. After opening up a classic money tin, she astounded viewers with the large cash haul.
In total, the Aussie saved a whopping $3,293 in the six months to July using simple savings tricks.
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“We just saved all our $5 notes, and all our coins. We are moving house at the moment, so I've sold a lot on [Facebook] marketplace, so all that goes in there,” she said.
“Sometimes you have to get cash out because places … have cash only. So, for example, today I was at an alteration place to pick up some alterations. It was cash only so I had to get cash out and all the change went straight in.”
Other Aussies were quick to jump into the comments section to praise her money-saving efforts.
“I’m speechless because I’ve never seen someone who saved so much money,” one user commented.
“I take my hat off to people that can save like this,” another said.
How much do you have in savings?
According to recent data from NAB, the average Aussie has $34,507 stashed away.
Aussie men aged 50-64 had the most saved, at $106,236. Meanwhile, young women aged 18-29 had the least amount stashed away, at $11,153.
Aussies in capital cities also managed to save more ($38,103, on average), while those in regional cities had $28,567, and rural residents had $26,928.
Unsurprisingly, Aussies on higher incomes managed to save more, with Aussies earning $100,000 or more per year having $58,280 saved, on average. Meanwhile, Aussies earning between $75,000 and $100,000 said they had around $30,046 saved.
Nearly three-quarters of the more than 2,000 Aussies surveyed said they were trying to build up their savings, but around one in five said they had less saved than three months ago.
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