Set a savings goal
Whether you’re saving for a holiday, home renovations or want a little extra in the bank for a rainy day, having a savings goal will help you get there.
Work out how much money you need and how long it will take you to save.
Have a savings plan
The secret to saving is start early and save often. Create a savings plan so you can manage your money and stick to your goal.
Know where your money is going
Have a clear picture of your regular expenses and spending habits. This helps you see where you can cut back and save. For example, cancel an unused gym membership or bring your lunch to work. It may surprise you how little things add up.
See track your spending for practical ways to get started.
Start a budget
Once you know how you’re spending your money, you can set a realistic budget. Your budget will help you to stay on track, review your progress and reach your money goals sooner.
See how to do a budget to get started.
Pay off some debt
If you have some money left over after your regular expenses, use it to make extra repayments towards any credit card debt or loans you have.
Paying off your debts sooner can save you thousands in interest. Pay off the one with the highest interest rate first.