The household savings ratio in Australia has hit a 17-year low. What can be done to enhance savings?

It is probably not a surprise that the pressures of the cost of living have led many households to reorganise their budgets. Economist Krishna Hamal from Canberra has suggestions for people seeking ways to enhance their savings.

An economist Krishna Hamal shares his views on how people can save more with cost of living pressures forcing many households to reshuffle their budget. Credit: Getty Images/ Jennifer A Smith/ Facebook/ Krishna Hamal