Money

22 Of Our Best Money Tips

Over the past couple of years, The Cusp has been working hard to give you the money tips we think you need. We’ve spoken to people from all walks of life about how they do money, and asked pros for their best money hacks.

So we thought it would be worthwhile to look back at what we’ve learnt so far. Here are 30 of our best money tips.

#1 Get an emergency fund

Life can be full of surprises, and sometimes those surprises are expensive. An emergency fund is a nice little safety net that means those surprises won’t be so hard on your bank balance.

#2 Learn how to budget

The word “budget” might bring to mind spread sheets and penny pinching, but it doesn’t need to be that way. In fact, a good budget will make you feel heaps more confident about your money.

#3 Do your taxes

We know, we know! It’s not exactly your idea of fun. So we have broken it down to make it heaps easier for you.

#4 Figure out what to do with your tax refund

Got some cash back after doing your tax? Here are the smartest things to do with your tax return.

#5 Talk to your friends about money

Money can be a bit of a taboo, which can make it super awks when you’re trying to split the bill at dinner. Talking a bit more openly about it can help you understand where your mates are at.

#6 Ask for a raise

Been working hard? Then it’s time to bump up that pay cheque. Let us help you figure out how to ask for it.

#7 Set some financial goals

Saving is a lot easier when you know why you’re doing it.

#8 Check your credit score

Yes, you have one, and you should know what it is so you can keep it healthy.

#9 Slash your grocery bills

Shout out to anyone who has bill shock every time they see the cost of their groceries.

#10 Wise up about super

Retirement might be a long way away, but the action you take now could make a huge difference when you’re older.

#11 Track your spending

Wanna know where all your money keeps going? Tracking your spending will help you confront all of your money habits.

#12 Figure out what to do with that $5k you saved

You’ve been saving like a pro, and now you’ve got a fair chunk of cash in your account. Here’s what to do next.

#13 Save for a holiday

Travel doesn’t have to cost heaps – with a few smart moves, you can take a sweet holiday and keep your budget healthy.

#14 Stop paying ATM fees overseas

While we’re on the subject of travel, here’s a doozy: Westpac research found Australian millennials spend $183 million per year on international ATM fees alone. Don’t be a statistic!

#15 Wrap your head around the stock market

Anyone who wants to know what they’re talking about when it comes to money will eventually need to learn about the stock market.

#16 Start saving for a house deposit

If owning a house is one of your money goals, read on for advice from a 20-something who bought a house in Sydney on an average salary (and without any outside help).

#17 Wise up to painless savings hacks

Saving doesn’t have to mean sacrifice. Here are some easy ways to boost your bottom line.

#18 Admit to your money mistakes

Nobody’s perfect, and admitting you’ve made a few mistakes along the way will help you avoid them in the future.

#19 Stop spending all of your money on food

A little bit of planning ahead can mean you have delicious meals, without the expense.

#20 Sell the stuff you don’t use anymore

That old gaming console that’s gathering dust? It might not be worth much to you, but someone else might pay good money for it.

#21 Figure out how to split your expenses with your significant other

If you’re in a relationship, there’s no single ‘right’ way to share costs. Read up on how other couples do it, and figure out what suits you.

#22 Invest in yourself

We’re not talking about the stock market – looking after yourself and putting some hustle into your career can pay dividends, of the metaphorical and financial kind.