Saving Tips
Learn how you can become a smarter saver.
It’s not unheard of that people tend to blow out their credit card debt. So, if you’ve made a vow to yourself not to end up in debt, here are a few tips on how to stay on track with your savings goal.
How to stay on track and achieve your savings goals:
‘Budget’ doesn’t have to be a dirty word
Creating a budget and tracking your expenses helps you identify where your money is going, and where you can save. You may even be paying for app subscriptions you forgot about.
Identify your priorities
After your expenses and income, your goals are likely to have the biggest impact on how you save money. Be sure to remember your long-term goals—it’s important that reaching your goals doesn’t take a back seat to shorter-term needs.
Make saving automatic
Automated transfers are a great way to save money, since you don’t have to think about I, and it generally reduces the temptation to spend the money instead. Automatic transfers allow you to choose when, how much and where you’d like to transfer money to, or even split your direct deposit between accounts.
Here are some examples of short- and long-term goals:
Short-term (1–3 years)
Long-term (4+ years)
If you’re struggling with reaching your savings goal and would like more advice on how to save, contact us today on 0459 032 372 or fill out our enquiry form and we will be in touch.
