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Cost of living crisis: how to survive rising bills

Cost of living crisis: how to survive rising bills

7News Just In
3 min
Today
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About the episode

Australian households are tightening their budgets in response to rising petrol prices, potential interest rate hikes, and increasing private health insurance premiums set to take effect on 1 April. Financial experts recommend negotiating mortgage rates, cutting recurring expenses like phone plans and utilities, and directing savings into offset accounts or extra mortgage repayments. The cost of living crisis, now in its fourth year, is expected to continue throughout 2025 despite earlier hopes for cash rate cuts.See omnystudio.com/listener for privacy information.