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Saving Tips

Many people are in "saving mode" at the moment. Economic uncertainty is contributing to this and the retail industry is feeling it most. People feel more secure with savings in the bank and are opting to forego things deemed unessential. Others are saving for a home or car and want a healthy deposit. In line with this savings trend, here are a few practical tips to help you save on those little expenses during the week:

1. Limit the amount of money in your wallet. The less you carry the less you spend
2. Allocate a weekly amount to have in your wallet, for example $50. Use this to cover coffees, lunch, train ticket etc.
3. Leave the cards at home so it's not easy to increase your amount
4. Once you spend that money that's it, bring your lunch to work instead

Source | Australian Loan Company