Tips for saving

 

When you first start earning money from a job it’s natural to want to spend it all. But it’s a great idea to get in the habit of putting aside a little money from your wages right from your very first pay packet. And, each time you find yourself making a little more, increase that amount accordingly. After all, you don’t miss what you never had but you will appreciate seeing your savings add up.

 

One way to make this easy is by having both a transaction account and a savings account. You can have your wages paid into your transaction account for everyday spending, but also opt to automatically put a bit aside in your savings account each pay period. You’ll be less tempted to spend it and that extra money will soon add up.

 

Hit your savings targets

Join The Hit List, a free online savings program that helps you develop savings goals and achieve them. You get access to an awesome savings tool that will help you save for all those things you want in life. All you need to do is register and tell us what’s on your Hit List. Once you’ve told us your Hit List, we’ll help bring it to life.

 

More ways to save

These smart tips can help accelerate your saving.

1. Make your own gifts
   We all love giving and receiving gifts but they can cost heaps. Make your own gifts and cards. People will appreciate the effort you put into them.
2. Junk the junk
   Is spending money on junk food really worth it? Those little treats add up. Even a dollar a day is $30 a month! Save that money and you'll have a healthier body and bank balance.
3. Ditch the arcade
   Do you spend a lot of time playing arcade games? Some kids can easily spend $20 in one quick visit. Imagine how that money could add up in a savings account. If you can’t stop then think about reducing how much you spend during your visits and set yourself a limit.
4. Odd jobs
   Ask your parents and relatives if there are odd jobs you can do to earn extra money. With your parent's permission, ask the neighbours. Saving starts with income. So, get going and earn some more!
   • Wash cars
   • Clean windows
   • Mow lawns
   • Sweep leaves
   • Walk a dog
   • Babysit kids