Help us improve our website by completing a quick survey. Start survey now

You’ll need to update your browser so you can continue to log on to your online banking from 28th February. Update now.


How to stay motivated and avoid distractions

You want to save, but life seems to keep getting in the way. Here are a few ideas that can help you stay motivated to reach your savings goal.

Human beings are social, which can make it hard to stay disciplined when everyone around seems to be having fun. But if you visualise and share your savings goal, as well as enlist the support of your family and friends, you can make saving sociable, rewarding and enjoyable. 

You’ve set your goal and know what you need to save to achieve it. Visualising your goal is a powerful way to remind yourself what you are saving for and feeling good about it.

All you need to do is create a mental image of what life will be like once you’ve reached your goal, whether it’s seeing yourself in your new home, on the yoga mat in Bali or hiking in the Himalayas, it will help you stay motivated to keep saving.

Have you ever thought about using your social circle to help you reach your savings goal? Once you’ve set your goal tell your family and friends what you’re trying to do. You’ll be surprised by how many people will encourage you to stick to your goal.

As you check your progress online in NetBank or the CommBank mobile app, keep your support network updated on how you’re going. They can encourage you to stay on track, and you’ll find it easier to save without friends urging you to splurge on cocktails and dinner every Saturday night.

Of course, there will be occasions when friends and family expect you to spend. It can be tough staying on budget when you’ve been invited to a weekend away, or a celebration at a ritzy restaurant. The trick is to be honest and upfront about your savings goals. You could also use this as an opportunity to take a hand in social planning and organise events that are within your budget.

This is key when trying to save so here's what you need to do:

  • Remove temptation: Take a look at your spending to understand your weaknesses, and then avoid them. Whether it’s shoe shopping or bar hopping, identifying the areas where you’re easily distracted can help you sidestep unintended spending. Think about how that money will help you reach your savings goal sooner.

  • Ignore society’s rules: Don’t fall into the trap of comparing yourself to others around you.

Some say our desire to have the best of everything comes from our desire to belong. It’s why we feel so compelled to have the latest phone or go on that big holiday once a year,” says social psychologist Leanne Hall. You don’t need to buy something just to keep up with your friends. Keep visualising your end goal.

  • Start today: When it comes to saving, take pressure of yourself to reach your savings goal by putting money aside sooner rather than later. Use our savings calculator to see how much you could save, and My Spend in NetBank to see where you can cut back on your spending.

  • Reward yourself: Aim high — but take it step by step. It’s easier to stay on track with your savings when you set yourself achievable targets and give yourself an affordable reward as you reach each milestone.

Why we spend to belong

Things you should know

The advice on this website has been prepared without considering your objectives, financial situation or needs. Before acting on the advice, please consider its appropriateness to your circumstances. Please view our Financial Services Guide.


Help us improve our website.

We would love to hear your thoughts, please complete a quick survey.

Start survey now