Australians are hiding money troubles from their families

More than two-thirds of Australians are trying to protect their kids from the pressures of economic stresses, according to a report from Real Insurance.

And 28 per cent try to hide financial stress from their partner, the Real Aussie Financial Bite report said, which surveyed 1027 people.

"Many Australians are becoming much more conscious of 'leakage' from their bank accounts," financial advisor Glen Hare said.

Australians are reviewing their expenses like entertainment subscriptions and memberships, Mr Hare said.

And shopping around for better banking fees, utilities and insurance plans.

Seventy per cent of Australian households that were surveyed said they felt their dollar didn't go as far as it did two years ago, and that kids and a mortgage only compounded this, the report said.

To combat rising cost of living, 48 per cent of households had at least one person looking for extra work and 51 per cent of households are actively bargain hunting.

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So in the rising cost of living crunch, what are people willing to sacrifice?

Well In bad news for restaurants, eating out, food delivery and take away coffee are the first to go.

Healthy lifestyle and transport to work are the priorities for those households.

"Essentials such as housing costs, petrol, and groceries are some of the biggest expenses putting pressure on household budgets," Mr Hare said.

This leaves us less to spend on the "finer things in life" such as eating out, clothes and travel, he said.

"This disproportionately impacts low households as they typically spend a larger percentage of their household income on these necessities," he said.