IT’S 2017 – TIME TO START SAVING

Christmas has come and gone.  You have spent too much money on presents and the holiday season.  The New Year is the perfect time to implement some simple tips to get ahead and stay there!

SET A SAVINGS GOAL

Set a realistic goal that is achievable.  A goal that needs you to show some restraint but at the same time not having to sacrifice too much.  Visualise your goal.  Studies have shown that visualising your goal makes you more likely to achieve it.  It might be a $ value written down or a picture of a holiday destination for example.

SET UP A DIRECT DEBIT

Keep your savings in a different account to your everyday account.  You may be able to find one that earns a little extra interest.  Set up a direct debit from your everyday account to your savings account. 

BE MONEY SMART WHEN SHOPPING

A little bit of extra research can save dollars.  It might only seem like a few dollars for each item, but these soon add up.  A lot of items at the shops these days end up being discounted.  If you don’t need it right away, why not just keep an eye on it and make that purchase once it is discounted.

REFLECT AND REVIEW

Track how your savings are going on a regular basis and if you have got off track, alter course and get back on track. 

Constantly think about ways you can save money in your day to day living.

new year finances