7 Money Saving Tips

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Have you been trying to save money for years, but you’re not getting anywhere?

You know exactly why you need to save – perhaps it’s for a down payment on a house, a new car – or maybe you just want to save for a rainy day.

But you don’t have enough left at the end of every month to even think about putting money away.

Well, we understand what it’s like.

That’s why we’ve created 7 helpful tips that will help you finally start saving a good amount of money for your future (and it won’t feel like hard work)

Let’s get started

1. Automatic budgeting

Ugh, budgeting. I know – possibly the most mind numbing task you can think of, and I’m guessing you think you’re already doing it right?


The key word here is ‘automaticbudgeting.By budgeting automatically you can start putting money away without even thinking about it.

Instead of spending hours wading through your bank statements to figure out where you can save, we now have apps that do it for us.

The good news is, you do have to put some effort in but there are now apps you can use to pretty much do your budgeting for you!

Some of the most popular apps to name a few are the likes of Mint, Pocketguard and Wally. They work by tracking your spending, to see where you can make changes to budget more effectively. Just make sure you don’t forget more one-off expenses, like car MOT and holidays. 

This way everything is accounted for and you can start really saving. You might be surprised how much you will end up saving now you have more of a clear view on where you can make cuts. 

You can go and purchase that car you’ve always wanted, or buy your dream home! 

2. Set yourself realistic goals

Just like with budgeting, its all about being realistic and planning. How you get there doesn’t really matter. But once you’ve established your budget, you’ll have a better perspective on the goals you really can reach!

Say you’ve worked out your budget, and if you’re carful you can manage to save $500 per month. Just 2 years from now you could have $12,000 saved a deposit on a house! I mean, it might not be a house you’re saving for but you can see where I’m going with this.

Once you have your goals set, you’ll be unstoppable.

3. Make the most out of your savings

Right so, we’re getting somewhere – you’ve established your budget and set yourself some realistic goals. You’re on track, now you just need to make sure that you’re getting the most out of the money you save.

You think having your savings transferred to a savings account is the best way forward, yeah? Nope. Its an absolute MUST to open an account that can help you maximise your savings.

The way you can do this is by opening a savings account that pays back interest on your savings! Ok, so the rates aren’t the best they’ve ever been – but you can still earn back roughly $125 a year as an estimate.

It all adds up!

4. Avoid being too impulsive

Yes, I know that third take-out this week is tempting, (I’m not judging!) but its these small purchases that we make on a whim that can really dip into the savings.

We all deserve a treat every now and then, mmm Chinese food! But, its important to make sure you stay on track and don’t divert away from you budget.

We all spend on things that we want, and not just what we need. Afterall, life’s about living! 

So – do yourself a favour and plan maybe, one treat a week whatever that may be.

You’ll thank me for it later! Yep, Dads words echoing in your ear, I can hear it too…

5. Meal prep

If it is food that’s your weakness (mine too), then you can tackle this by prepping your meals for the week ahead. I know, more preparing – how long do we have to do this adult thing for again?..

Joking aside, whatever your trigger is, whether it be take-outs on an evening, that amazing lunch place you can’t resist or something different. By prepping your own gorgeous meals, you’ll be less likely to give in and over spend!

6. Don’t be conned

Seem too good to be true? It probably is. Don’t get me wrong, we’ve all been fooled with this.

And I’m not talking about your typical con man. No, they don’t always rock up to your door with a slimy grin on their face wearing a suit! 

Lets take your go-to store loyalty card for example. Now I’m not saying there aren’t any good deals included – but and it is a big but, you’ll ultimately find yourself solely buying from that store to get the deals. When you actually look at what your saving, you’re likely spending hundreds of dollars before you even get a few dollars off of a big shop!

A good tip would be to shop as you usually would, but really think about what you are buying rather than bowing down to the false narrative that if you shop at this one store you’ll save a ton of money! You might find that shopping at a mixture of shops will get you the best deals.

  1. 7. Earn some extra dollar in your spare time

Last, but certainly not least; find yourself a side hustle! This is one that’s becoming more popular – especially in the pandemic. Ever find yourself sitting at home bored? Feeling like you could be doing something more productive?

You could be doing something you enjoy, and getting paid for it!

You could also put this extra cash into your well thought out savings account. And everyone’s a winner.

Could you use these tips to save? 

Guess you’ll never find out unless you try!

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