Smart budgeting tips to help you save money without sacrificing beauty, fitness or wellness, so you can live your best life.
Adulting is hard. Between rising rent, weekly grocery hauls that somehow cost double, and trying to squeeze in a Pilates membership along with your oat latte habit, it’s hard to live your best life. It may come to no surprise many of us are feeling the effects of our wallets being in a constant state of SOS.
Almost half of all Aussies are now living pay check to pay check. And while we’re all about beach days, beauty hacks and fitness inspiration at Bondi Beauty, we also know being financially healthy is a huge part of overall wellness.
If the cost-of-living crunch has hit your bank account harder than a 6am F45 session, we have the lowdown on budgeting basics from master of applied finance with tips to help you save smart without sacrificing the things you love—like skincare, smoothie bowls and self-care.
What’s Actually Going On With the Cost of Living?
Prices are up. Like, really up. Since the pandemic, Aussies have copped a nearly 20% price increase across the board. From record high petrol to double the rate power bills, even the cost of avocado on toast has doubled – it all adds up.
Some electricity bills in Australia have jumped up by 30%, and fuel prices are hitting record highs. Add to that rent rises and grocery costs, and it’s no wonder so many of us are feeling the pinch. Nearly four million Aussie households faced food insecurity in 2023. Yep, it’s that serious.
But here’s the good news: a budget can be your new bestie. Like a good SPF, it won’t solve everything, but it’s a smart layer of protection against financial stress.
Why Budgeting Isn’t Just About Cutting Back
Think of budgeting less like restriction and more like a wellness reset—financially. It’s a way to check in with where your money’s going, help you plan for big-ticket items (like your next Euro summer or that Reformer Pilates package), and even prep for emergencies—because, let’s face it, life happens.
Beauty & wellness tip:
Budgeting can seriously reduce stress and anxiety, especially when it comes to money woes. Financial well-being is linked to mental health, and when you feel more in control, it shows—from clearer skin (hello stress-free glow) to more restful sleep.
Two Budgeting Strategies Worth Trying
Here are two of the most popular methods that make saving easier than removing waterproof mascara:
1. The Bucket Method (aka the Barefoot Investor way)
This method is flexible, simple and perfect for anyone who loves structure but hates rules.
- Blow Bucket – Rent, bills, and fun money (for those Bondi brunches or your skincare faves).
- Mojo Bucket – Emergency savings. Think of it as your “peace of mind” fund.
- Grow Bucket – Future you fund: savings, investments, or maybe even starting that side hustle.
No strict percentages, just a smart way to divide and conquer your pay each week.
BB tip: Use your Blow Bucket to set limits on beauty and fitness purchases—like $50 a month for skincare or wellness products. Apps like Up, Frollo, or YNAB can help categorise your spending.
2. The Zero-Based Budget
With this method, every dollar you earn is assigned a job. By the end of the week (or month), your account balance should be zero—not because you spent it all, but because it’s allocated. It helps eliminate “mindless spending” and creates intention behind every purchase.
BB tip: Include a weekly “treat yourself” line item in your budget—whether that’s a healthy meal prep delivery or a luxe lip balm. It’s self-care, not a splurge.
Don’t Forget: Help Is Out There
If budgeting on your own still feels overwhelming, don’t go it alone.
Here are a few resources to keep in your back pocket:
- MoneySmart – A government-run site packed with templates, tools and real-world advice. Perfect for finance newbies.
- National Debt Helpline – Offers free, confidential financial counselling to help you get back on track.
And remember: needing help doesn’t mean you’ve failed. Whether you’re drowning in bills or just struggling to save, reaching out is a strong, empowered move.
How Budgeting Can Level Up Your Life
It’s not just about spending less. Budgeting can give you more; more freedom, more peace of mind, and more of what actually matters to you.
Beauty on a Budget: Use your Grow Bucket to invest in products that do more with less—think multipurpose balms, natural oils and long-lasting formulas. Or set up alerts for sales on your faves.
Fitness Finances: Budget for a fitness plan that suits your goals and lifestyle—whether that’s a gym membership, a yoga pass or at-home workouts. Don’t forget to factor in activewear (because yes, feeling fab does boost motivation).
Healthy Living: Allocate funds each week for fresh produce and meal prep. A little planning can mean fewer expensive takeaways and more nourishing meals at home. Hello, glowy skin and strong immunity.
If you still need assistance with money support and budgeting, the Australian Government supports a free website called MoneySmart designed to help you et the most out of your money with budgeting and spending.
