05/05/2026
π£ The RBA has raised the cash rate to 4.35%, the third increase this year and the highest it's been in two years.
If you're on a variable rate mortgage, you're now paying around $335 more per month than you were at the start of the year. That's not a small number. And with the cost of living climbing across the board, groceries, energy, petrol and insurance are all adding up. Households are being squeezed from both ends.
The good news is that while you can't control what the RBA does, there are a few moves worth making right now. From checking whether your home loan is still competitive, to consolidating debts and cutting bills you've forgotten about, small changes can add up to real savings.
1. Check on your home loan to see if it is still competitive
2. Tackle debts and see if consolidating them could save you money
3. Check your health insurance, considering premiums increased this month
4. Compare your electricity provider
5. Find cheaper petrol by using apps like PetrolSpy, FuelMap and Motormouth
6. Review your budget to see if there are any unused subscriptions or non-essentials
Reach out if you would like a hand reviewing your loans to see if you could save.