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Debt, Investment, Property

Regional property price boom

 August 7, 2020

By  Chase Edwards

First thing to do is set a savings goal, work out how much money you intend to save and the timeframe in which you want to save it.

In order to stick to your saving goal, you should create a savings plan. Review your spending and create a budget. What are you paying for? Is there anything you can eliminate or reduce to save money? Can you make higher repayments on current debts, to save on interest/fees?

Look at your pending habits. Making small changes can add up to big savings in the long run! For example, cutting back on eating out or ordering take out can save on average $1,600.00 a year.

It is also a good idea to start up a savings account to make it easier for you to manage your savings, and harder for you to dip into your savings!

SRC: https://moneysmart.gov.au/saving/simple-ways-to-save-money

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