Downsize your car

While it may not be practical for everyone, downsizing to the smallest car that is practical for your family will help immensely. If you are already looking to buy a new car, there are some things you need to keep in mind.

Smaller cars are typically cheaper to insure - although you should still check with your insurance company first as some less common models of car can be surprisingly expensive to insure.

In Australia, it costs a lot less to register a four cylinder car than a six or eight, which could save a significant amount as the years pass. Smaller cars also need smaller tyres and of course they generally use less petrol.

You don't need to downgrade to a 2-seater hatchback either, you can get some very roomy cars with lots of room for the kids and their gear without needing to buy an enormous gas-guzzler.