Ross Greenwood explores how to save money as the dollar plummets

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The fall of the Aussie dollar is hitting hip pockets hard, but people can still live the good life and save their money. 9News

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But it's not all doom and gloom and there are some places where the dollar can buy more.

"And they've got a great opportunity now to do that, if they were comparing that to, say, a Bali or a Thai break."Travel journalist Georgia Rickard recommended Perth, with a "glut" of new five-star hotels opened in the wake of the mining boom, now enduring a slowing economy. "The Americas, Europe, even parts of Asia will really start to promote Australia as a really competitive destination, and it will come up the bucket list for people," he said.

As for online shopping, National Online Retailers Association founder Paul Greenberg said the pressure was on retailers to "up their game and retain their customers" in the face of price increases.

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