New savings schemes promise to use the increased bargaining power of group buying to save on household bills.
Using people power to save is nothing new, but using it to reduce your everyday household bills by up to 50 per cent could be the ultimate cure for bill shock.
Banks, utility providers, phone companies and insurance firms had better watch out, as Bigsaver is out to shake things up.
BigSaver.com.au is the brainchild of mechanic Charlie Lambous and his best friend IT consultant Steven Begley.
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Using the power of the internet, and social networking sites like Facebook, they're linking tens of thousands of unhappy customers across the country into buying blocks, helping to negotiate better deals on every household bill, and soon taking over grocery bills as well.
"This is people power that will force companies to slash their bills," Begley said.
"It's about time they just passed on some decent discounts to the general everyday public, the mums and dads that don't have any more money at the end of their pay," Lambous agreed.
The service is free, and there are no sign-on fees you just register online, and the computer program links customers together into bargaining groups.
To get around 2.5 per cent to twelve per cent off, Begley predicts around 5000 people are needed in a bargaining group.
"The more people we get, the more people will save," he said.
"There is no reason why a company would refuse 10,000, 20,000 even 100,000 people a better deal," Lambrous explained.
It's not the first time companies have bowed to collective pressure. In Melbourne a group of 200 residents banded together and bargained their way to cheaper power bills by putting the squeeze on power companies.
Already reeling from massive power bill hikes, households will soon be hit with increased water prices. Water companies are huge users of electricity, and will pass on those costs through your tap.
Alex Wilson set up SavingsGuide.com.au while struggling to survive at university. Now he advises people on how to save money.
"It's hard to put a dollar figure on but our motto is 'it's not how much you earn, it's about how smart you are with your money'. By that accord, I'd be hoping you can save a lot more money, which means no matter how much you earn you're going to be better off than the next person, " Wilson said.
In the face of those soaring water prices, Wilson has the following suggestions.
Only do laundry when your washing machine is full, no half loads.
Always make sure the dishwasher is full before running it.
Fix any dripping taps - every drop costs money.
"The best piece of advice I could give on saving money is to start an efficient household. Start everything from the bottom up, and find ways you can save money on just about any item."