Australians are giving up smashed avocado to save money
AUSTRALIANS’ love affair with smashed avocado on toast shows no signs of fading, but increasingly it’s become a staple of the home kitchen rather than the cafe - and with good reason.
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AUSTRALIANS are giving up smashed avocado to help fast track their savings plans.
While many people love to dine out for expensive breakfasts at more than $20 a pop, the tide is slowly turning as some foodies reconsider the cost of eating out.
In Dodo’s new Save to Spend survey of more than 1000 Australians, it found 95 per cent of people are willing to scrimp and save.
And some ways people are doing it is by adopting these simple strategies:
— Eating breakfast at home (60 per cent).
— Having at-home meals and coffee to save (70 per cent).
— Making grocery or food-related savings (66 per cent).
— Researching deals before making a purchase (48 per cent).
— Drinking coffee at home (46 per cent).
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Dodo’s general manager of marketing and sales Andrew Wynne said the report proves “people are smashing avo at home.”
“Having a homemade breakfast and drinking coffee at home can save money,” he said.
“And breakfast out is costing too much money and so people are looking to make that saving.”
The cost of housing has soared in many states, wage growth is slowing and as rising cost of living pressures bite, it’s becoming more fashionable to be frugal.
Rising Tide Financial Services’ chief executive officer Chris Browne said cutting back on leakage spending can make a huge difference.
“It needs to be sustainable to achieve long-term success,” he said.
“If you love eating out, consider vouchers or discount websites and don’t forget to bring your own booze because a bottle of wine and a couple of beers quickly add up.”
As for bigger purchases Mr Browne said don’t make any purchases in haste, instead take your time.
“When making a significant purchase before you buy, sleep on it to make sure you really need the item,” he said.
“This often takes the emotion out of the purchase so you can tackle this decision logically the next day.”
Many customers are also using their mobile devices to pay or their cards to “tap and go” resulting in less cash leaving people’s hands.
Mr Wynne said “it’s never been easier to spend.”
“Ride sharing services are growing significantly, you are seeing home deliveries such as Deliveroos and Uber Eats and spending money without it necessarily coming out of their pockets,” he said.
There are plenty of apps that track your spending and new ways you can automatically save without even realising.
ING offers an Everyday roundup tool which rounds up spends to the nearest $1 or $5 and tips excess amounts into a high-interest savings account.
Another app Raiz automatically saves and invests your spare change.
Originally published as Australians are giving up smashed avocado to save money