If you feel like things are costing more lately, you’re not alone. Almost all Australians are concerned about the rising cost of living, according to new research from CommBank, with respondents noticing an increase in the amount they paid for groceries, coffee, eating out and utility bills over the last six months.
With costs feeling like they’re on the rise, the research found Australians are taking a closer look at their spending, with close to two-thirds saying they’ve created or updated their budget for spending.
The research comes as CommBank launches a new video in partnership with the University of Technology Sydney (UTS) designed to share savings hacks to help support customers with their financial wellbeing. Titled ‘How simple changes can make saving easier’, the video follows two friends as they explore how they can make simple changes today to start saving in order to enjoy the benefits in the future.
Take a look at the video to see how the friends put their savings hacks to use to meet their goals.
Want to know more? For more information about how you can stay in control of your money, take a look at our simple steps to improve your financial wellbeing.
About the research
The survey was conducted by the House of Brand Group, with fieldwork conducted between 29/08/2022-30/08/2022, amongst a sample of n=1,012 nationally representative respondents, with quotas set on age, gender and location.
Things you should know
Media releases are prepared without considering an individual readers objectives, financial situation or needs and is not intended to be a recommendation or statement of opinion. Readers should consider the appropriateness to their circumstances and consider seeking financial advice based upon their circumstances before making any financial decisions. Visit Important Information to access Product Disclosure Statements or Terms and Conditions which are currently available electronically for products of the Commonwealth Bank Group, along with the relevant Financial Services Guide. Target Market Determinations are available here.
1 UTS offers no view on the Commonwealth Bank of Australia, or CommBank products and services.