Cost of living help

Last updated: 29 September 2026

Get practical cost‑of‑living help with Moneysmart’s tools, calculators and tips. Suggestions and links to help you cut expenses, manage your budget and find support.

Manage your budget and living expenses

To save money, you need to know where it’s going in the first place! The easiest way to do that is by doing a written budget. Read our guidance on how to do a budget or, if you’re ready for action, use our budget planner straight away.

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  How to do a budget

  A budget gives you control over your money and less stress about bills and unexpected costs.

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  Use our budget planner

  Use our online budget planner tool to see where your money’s going and find ways to save.

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  Use our simple money manager

  If you don’t want a detailed budget, our simple money manager can give you an overview.

Reduce your household expenses and save money

Want some useful savings tips that don’t include cutting back on takeaway coffee? We have you covered, with ways to save on everything from insurance to interest rates. We also have tips to make saving money a long-term habit. 

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  Save on home loan costs

  With the cash rate on the rise, even a small difference in mortgage interest adds up over time.

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  Reduce credit card interest costs

  The interest rate charged by credit cards can vary by more than 10%. Get a card that suits your spending.

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  Reduce debt repayments

  Work out the cheapest way to pay off the debts you owe.

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  Save money on insurance

  The cost of insurance varies a lot! How to choose policies that are good value for you.

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  Save on energy and utility bills

  Compare energy suppliers to get the best deal that suits your usage.

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  Reduce food and fuel costs

  Food and fuel are some of the biggest regular costs for most households.

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  Save on mobile phone bills

  Compare different types of phone plans to see what will give you best value for money.

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  Tax deductions and offsets

  Know how income tax works to claim deductions and offsets you’re entitled to.

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  Government assistance and support

  Make the most of your money by knowing what financial support is available

Help with living costs and financial support

Everyone needs help sometimes – here are some positive actions you might be able to take and services you may be able to access.

• psychiatry

  Financial counselling

  Financial counselling is a free and confidential service offered by not-for-profits.

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  Free legal advice

  Legal services can help with issues like fines, credit and debt, and much more.

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  Urgent help with money

  In an emergency, there are services to help you with food, housing and bills, and emotional support.

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  Problems paying your bills

  Guidance on where to turn if you’re having problems paying bills or fines.

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  First Nations services

  Find assistance from First Nations services that can help.

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  Early access to super

  Super is for retirement, but sometimes you may be able to access some super early.