Most Australians planned to cut spending in 2025, a Compare the Market survey found.
Key Facts
- Survey: Compare the Market, December 2024
- People surveyed: 1,006
- 77.4% planned to cut spending
- Top cut: takeaway meals (24.3%)
- Then clothes, holidays, streaming and coffee
Who Is Cutting What
Chris Ford said younger people were more likely to cut takeaway. 34.2% of Millennials planned to, compared with 14.4% of Baby Boomers.
Saving Tips
- Make a simple budget
- Cancel subscriptions you don’t use
- Cook at home more
Frequently Asked Questions
How many planned to cut spending?
77.4%.
What was the top cut?
Takeaway meals.
How can I save?
Budget and cut unused subscriptions.
Conclusion
Small changes can add up.
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