While Alix admits to dipping into her savings and not being able to stick to a budget, many Australians are in the same situation.
According to an article published in The Sun earlier this year, one in four Australian households have less than $1000 in savings.
Additionally, Finder.com.au reported this month that Australia’s personal debt is some of the "highest in the world".
The 5:2 money diet
Basically, the 5:2 money diet involves tightening your money belt and planning for five days of no spending a week.
In her new book 5:2 Your Life author Kate Harrison recommends saving for five days and spending for two, if this sounds impossible Kate also suggests giving yourself a budget of just 25 per cent of your normal daily spend for two days a week.
Similarly, an article published on Refinery 29, advocates simply being more mindful of your money but also aiming for zero spend days whenever possible.
“I started a Google doc where I dutifully recorded my daily expenditures, logging grocery purchases, rent checks, bills, social expenses, and everything else,” writes Naomi Henry. “On the days when I didn’t spend any money, I highlighted the row green and added a smiley face. It became a challenge: How often could I go through a day without spending at all? And so, “zero-dollar days” were born.”
Have you tried this method of saving?