Smart Saving Solutions

Every New Year brings along its own set of expectation and resolutions. Some people plan on purchasing new car and some plan for their vacation. But when it comes to saving, it may get tricky, particularly when you have bills stacking up every month.

As problematic as it might sound, but it is the initial step towards your goals that is the most critical one in achieving your dreams. Devoting efforts and utilizing every opportunity to save your money can truly pay off in a long run. It can enable you to remain on top of your bills and spare 1000s of dollars every year.

If you reading this, chances are you are also looking for a smart saving solution and want to leap towards a decent bank balance.

There are many major and minor changes that one requires in life to start saving in a better and strategic way. Let’s learn more about the money saving techniques that can be effectively incorporated into our routines:

Set Weekly Alerts

Updating your timetable once every seven days to take a break for an hour to work on your accounts to analyse your passbooks and recent spending, In case keeping an update is not sufficient, you can set up some sort of reward yourself plan that keeps you on the correct path and may help you fight your urges.

Educate Yourself

One of the most important step in organizing one’s money is by educating yourself about money handling techniques. Read as much content from reliable resources and journals about better and smart money making solutions. Keep yourself up to date on the recent investment opportunities may take you a long way.

Top savings accounts in Australia by standard rate;

• Move Express – 2.40% interest
• AMP Saver– 2.10% interest
• Catalyst Money  – 2.10% interest

• Australian Unity – 3% interest on > $250 and 0 withdrawals/month.
• AMP  Bett3er Save Account – 3% interest > $2000/month

Savings through these steps may be moderate for the initial couple of months, however as time passes by and monitoring, expenses becomes a routine, one can circumvent the habit of living pay check to pay check.