Recent research by CommBank indicates that a whopping 88 per cent of Australians are finding it harder to save due to the rising cost of living.

According to CommBank data, people who shop for groceries only once or twice a week spend less overall than those who shop every day or two.

In fact, shopping one less time per week could save you an average of 20 per cent off your weekly grocery bill.

Switching energy providers is another great way to save.

CommBank data shows that customers who switch providers save an average of 10-15 per cent on their energy bills annually.

To find a better deal, compare prices across different providers using comparison websites like the government's Energy Made Easy website.

Don't forget to review your phone and internet bills.

You might be able to find a better deal by switching providers or negotiating with your current provider.

Those streaming subscriptions can sneakily drain your budget, so take a look and see if you can cut back on any that you don't use regularly.

A common mindset is, “Oh, it’s just 8.99 a month,” but over 12 months, an $8.99 subscription you don’t really use adds up.

Let’s all cut the complacency and spend a little time cleaning up our habits.

It’s also a great idea to review your insurance policies (car, health, home) and shop around for more competitive providers.

Buying second-hand is a fantastic way to save money and reduce waste.

Online platforms like Facebook Marketplace make it easier than ever to find great deals on a wide range of items.

Plus, won’t you feel good knowing you have saved something form landfill and given it extra life.

Waiting for sales periods is a classic money-saving strategy, and retailers are now hosting more big sales throughout the year, with deeper discounts.

Some key sales periods to watch out for include Click Frenzy (July), End of Financial Year Sales (July), and Black Friday and Cyber Monday (late November)7.

Take advantage of cashback offers and rewards programs to earn money back on your purchases.

You can find cashback websites and apps that offer rebates on various purchases and many retailers offer rewards programs for loyal customers.

When shopping at the supermarket, make sure to compare prices based on the per unit pricing (e.g., cost per kilogram or 100 grams) to get the best value for your money.

If you're mostly connected to Wi-Fi, consider downsizing your mobile data plan to save money.

Your local library is a treasure trove of free resources, including books, music, video content, and even co-working spaces and free Wi-Fi.

Try a no-spend challenge to see how long you can go without spending money or set a specific day of the week as your zero-dollar day.

Instead of impulsively buying things, try to space out your purchases and set a budget for discretionary spending categories like shopping.

If you reach your budget for the month, wait until the next month before making any more purchases in that category.

Consider renting items that you only need to use once instead of buying them. For example, you can rent outfits for special occasions or rent a car for occasional use.