If you’re prone to ranking up credit card debt on non-essentials such as eating out, and terrible at saving extra cash, then here are 3 tips to help you reach your savings goals.
1. Switch to cash
The best savings tips are often the simplest ones, as it makes it easier to stick to, and it doesn’t get much simpler than this.
Draw up a basic budget based on how much you can spend each week after you’ve paid your bills and put some aside in a high-interest savings account  with your bank. Then, at the start of each week, withdraw this amount in cash. Having the physical money there in front of you will make it easier to see how much you’ve spent and how much you have left, whereas spending on a card makes it much harder.
Our staff  can also help you set up regular payments and BPAY transactions to help you manage your regular payments and debts and assist you with budgeting.
2. Track your spending
Tracking every cent you spend manually can be a laborious task and frankly, not particularly attainable. However, using online tools to help you keep track of what you spend is a more achievable goal, and one that can make a real difference.
Our Beyond Finance Manager tool , available within Internet Banking, can help you track your spending and savings in an easy to use, interactive program. Managing your money is made easy because all your expenses and income are automatically categorised. You can understanding your spending at a glance as well as where your money is coming from.
3. Setting savings goals.
Most of us are usually saving for something. It might be a new computer or TV or perhaps one of life’s big purchases like a car, a house, a holiday.
Whatever it is, it’s easy to have goals but not so easy to reach them sometimes or keep track of your progress. The goals feature  within our Internet Banking allow you to do just that. Set a target date, how much you want to save and most importantly how long it will take and goals maps out your savings plan for you and track your progress.