6 simple ways to create savings
August 26, 2015
Is it a need or a want?
Where is all of my pay cheque going?
Am I paying too much?
These are questions we ask ourselves everyday.

Here are 6 simple ways you can create savings.
1. Setup a dedicated online savings account:
Many banks have this facility where funds can only be assessed online and not via an ATM or debit card. Most of these accounts will also earn you interest.
Create a automatic transfer each month from your main account to this savings account. You can even advise your employer to directly transfer a portion of your salary into this account.
2. Review the last 6-months of your day-to-day bank statement and credit card statement:
Most banks allow you to download the statement as a csv or excel file. Set up filters and new columns with labels such as food, entertainment, petrol, clothing, ATM fee's etc. You will see a clear breakdown of where your money is going each month. Im sure you will be surprised with the results!
3. Create a Budget & Goals: Easiest guide on how to create and manage a budget: https://www.moneysmart.gov.au/managing-your-money/budgeting/how-to-do-a-budget

4. Review all direct debit and subscription transactions:
Are you really making the most of that magazine/online subscription?
Is your gym membership being used? Are there cheaper alternatives?
Are you still paying for a online website/hosting facility which you no longer use?
Check subscriptions for auto-renewals as they are usually set to "ON" by default.
5. Old fashioned money box:
Instead of spending the spare change on unnecessary items at the petrol station and shopping centre, purchase a large money box, record the start date and date you wish to open it on the top of the money box. The extra spare gold and silvers over 2-3years can equate to thousands.
Great spare change for that short holiday with the family.

6. Review your current loan repayments:
Is your mortgage, personal loan, car finance and credit card debts up to date?
Are you on the best rate and most suitable solution?
We can help you with a obligation free health check on your debts to see if we can save you $$ each month.
info@pushstartfinance.com.au
1300 884 991