Take a fresh look at your lifestyle.

Marketing manager Queenie Tan shares simple lifestyle tweaks to make to save thousands each year 

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A 25-year-old marketing executive with a net worth of over $450,000 shared the simple adjustments you can make that will save you thousands and millions each year by the time you retire.

Queenie Tan, from Sydney, said her financial success grew gradually after she started researching and investing at the age of 19.

Queenie now has a diverse financial portfolio after purchasing her first $500,000 home in 2019 with a $100,000 down payment.

The 25-year-old recently shared an image showing how two 25-year-old women making $5,000 a month, by the time they’re 65, could end up with completely different numbers — and it all comes down to how and where. you are saving.

A 25-year-old marketing executive with a net worth of more than $450,000 shared the simple adjustments you can make with your paycheck that will save you thousands (Queenie Tan pictured)

“Small savings really add up,” Queenie told FEMAIL.

The differences between Emma and Emily in this image may not seem like much, but making adjustments like eating at home instead of always eating out and living in a modest area instead of somewhere fancy means the difference between being able to invest in $800 a month, instead of $100.’

While Emma ends up with just $349,101 after investing $100 per month between the ages of 25 and 64, Emily ends up with $2,792,806 after investing $800.

The 25-year-old shared an image showing how two 25-year-olds making $5,000 a month can get completely different numbers by the time they're 65 (pictured)

The 25-year-old shared an image showing how two 25-year-olds making $5,000 a month can get completely different numbers by the time they’re 65 (pictured)

Queenie shared the simple tips she recommends for people looking to make an extra $10,000 a year.

“Saving an extra $10,000 in a year sounds like a big goal that’s out of reach, but breaking it down into smaller steps can suddenly make it seem a lot more achievable,” she said.

$10,000 is $833.34 monthly, $192.31 weekly, and only $27.40 daily.

“Give yourself a ‘why’ of how you want to achieve this, and then check back regularly with your goal to make sure you’re on the right track.”

The first way you can save extra money is to check that your internet, electricity and phone bills are competitive, Queenie said (pictured)

The first way you can save extra money is to check that your internet, electricity and phone bills are competitive, Queenie said (pictured)

1. Check if your internet, electricity and phone are competitive

The first way you can save extra money is to check that your internet, electricity and phone bills are competitive.

INTERNET = SAVE $240 A YEAR

“The average NBN for 20 mbps/50 mbps is $80 per month, while the cheaper NBN plans are only $60 per month on average,” said Queenie.

“By switching to the cheaper plan you can save an extra $240 per year.”

ELECTRICITY = SAVE $600 A YEAR

The second way you can save is by looking at your electricity supplier.

‘According to Red Energy, an average household uses 15,000 kWh of electricity per year,’ says Queenie.

“The average cost for NSW electricity is $0.25, so this would cost $3,750.”

However, if you reduce this to just $0.21/kWh, it will only cost you $3,150 and could save you an additional $600 per year.

PHONE = SAVE $99 A YEAR

Finally, with general expenses, Queenie said to look at your phone bill:

“The average Australian spends $36.25 a month on a postpaid SIM-only plan,” says Queenie.

“But there are cell phone providers that have plans for as little as $28 a month, and that’s a potential savings of $99 a year.”

2. Look where you live

Potential savings = $9,600 per year

While it might be nice to live in a nicer suburb or area, Queenie said it may be a much better idea in the long run to live somewhere cheaper and save that money for later.

“The monthly rent for a 480-square-foot furnished studio in an expensive area is $2,620, while for the same size in a regular space, it’s only $1,813,” she said.

“That’s a potential savings of $800 a month, or $9,600 a year and you don’t even have to do anything.”

If you're willing to eat out a little less and just three times a week instead of five, Queenie said you can save as much as $2,080 a year (pictured with her boyfriend)

If you’re willing to eat out a little less and just three times a week instead of five, Queenie said you can save as much as $2,080 a year (pictured with her boyfriend)

3. Eat less outside the door

Potential savings = $2,080 per year

Finally, Queenie revealed that you can save a lot if you’re willing to eat out a little less.

The 25-year-old is a big fan of meal prep and religiously brought her lunch to work when she worked in the office.

“Eating out five times a week at a cost of $20 per meal equals $5,200 a year,” said Queenie

“While eating out three times a week at a cost of $20 per meal is only $3,120 a year, you’ll save $2,080 in 12 months.”

For more information about Queenie Tan you can visit her Instagram page here.

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