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Successful Saving

Save First – Spend Later

Saving is far easier if you commit to putting the money aside at the start of your pay period and spending what is left, rather than trying to limit your spending and saving the amount left over. An automatic transfer, either directly from your pay or from your account a day or two after you get paid, is one of the easiest ways to ensure you save. That way, you know exactly how much you have left to spend each pay period.

Set Goals 

Whether you want to save for a new car or a deposit on a home, it is important to set your financial goals and the timeframe within which you want to achieve them. This will allow you to make informed choices and give you something to work towards.

Budget

Budgeting is an essential tool to help you manage your personal finances and it doesn't have to be a complicated process. It's as simple as listing your income and outgoing expenses. Ensure that you’re realistic. If you find you’re spending more than you earn, the budget will identify areas where you may be able to save more. If you need help, why not try our Budget Planner?

Save Part of Pay Increases & One-Off Payments

Next time you receive a pay rise or a bonus, why not save half of it? You haven’t had this money in the past, so hopefully you won’t miss it. It’s important that to enjoy these financial windfalls, but also a great opportunity to increase your savings.

Understanding Fees & Charges

When making any financial commitment, it’s important that you understand exactly what fees and charges you may be up for.

Swap your Credit Card for a Debit Card

You can’t save if you spend money you don’t have. A Mutual Visa Debit Card offers the convenience of a credit card, whilst only accessing your own money. Also, there are no interest expenses like a regular credit card and no annual fees.

Book a Financial Check Up

We can arrange a Bridges Financial Planner to provide guidance and help you achieve your financial goals. Contact us today to arrange an appointment.

Questions?

If you have any questions, please contact us