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From groceries and gas to utility bills and mortgages, the cost of living has risen and many Australians are finding it difficult to stay ahead. We brought together three professionals across the business, food and finance sectors to offer their penny-pinching tips. In our Q&A blog, ABC business reporter Emily Stewart, author of four money-saving and frugal lifestyle books Jody Allen, and Lody Stewart of Financial Counseling Australia answer your budget and savings questions. Here are the biggest takeaways from the blog. When you get paid, separate your money into separate ‘buckets’ Some of you say that when money arrives in your bank account, you tend to spend it right away. So how can you change this? Ms Stewart says it’s all about breakups. “When you get paid, split your money into separate accounts, or ‘buckets’, it’s for different things,” he said. Separate your paychecks by shuffling money into separate accounts. ( ABC News: Andrew Harrison ) If you can, Ms Stewart says to s

Bubble wrap…don’t leave the house without it. Photo: iStock THAT’S PACK Since I work and travel around Southeast Asia, often staying in budget hotels, I’ve packed bubble wrap. It has many uses, such as ensuring a precious piece of porcelain goes home intact but is also great for sliding under doors to block out light or noise. Crimped, it can serve as an additional neck rest. Tina Faulk, Gladesville, NSW OPEN AND CLOSE CASES Given the increasing number of lost bags, a tip I read a few years ago might help. The last thing you should put in your bag, in order to be above all else, is a piece of A4 paper with your name, destination address and contact details, both phone and email. That way, if your bag gets lost, when the airline folks open the bag they have all the information they need. It’s a simple thing and can save you a lot of anxiety (although, thankfully, I haven’t needed it, so far). Ron Wessel, Mount St Thomas, NSW DRY IDEA Regarding your request for tips on

One of Australia’s largest supermarkets has announced a huge price hike for its branded milk which is sure to put more pressure on family budgets. Key points: The price of Coles home-brand milk will increase by 25 cents per liter for 1L and 2L bottles It said rising procurement, transportation and packaging costs were behind the increase He also said that they pay farmers more for their milk Coles said his own 1-liter fresh milk would jump 25 cents from $1.35 to $1.60 per liter while a 2-liter bottle would increase to $3.10 from $2.60. It was the most substantial one-time increase since supermarkets introduced the controversial $1 per liter milk in 2011, which slashed retail prices of milk by a third. Coles, Woolworths and Aldi all raised their supermarket milk prices by 10c per liter in December last year. The increase was the first increase by a retailer in more than two years after the last three hiked prices by 10 cents in July 2019 after ending dollar milk earlier that year. Coles