Here are some simple tips on how to save money
- It's simple - spend less than you earn! Make a budget and stick to it
- Have a goal! Use it as your motivation - have a few big ones and lots of small ones to help you get there. But remember to be realistic about your goals, you’ll be more likely to achieve them
- Save and then spend! Set up automatic payments, direct debits or transfers into a savings account to go out as soon as your money comes in each week, and only spend what is left
- Be careful when using a credit card and make sure you pay off the entire balance in full each month
Why save now?
No one knows what the future will bring, but the important thing to remember is to be prepared for it. It’s never too late to start saving! The more you save now the better off you will be in the future.
How can I save if I have debt?
Easy! Start off by saving $5 or $10 a week into a savings account - you will be surprised what you have achieved when your debts are paid off.
Helpful Hint: Figure out which of your debts have the highest interest rates, and try paying back these ones first. You’ll save money just in interest.
Need help creating a money management plan? We have a team of staff able to help you figure out where you're at and help you get back on track.