Money

These Money Tips Will Help You Learn To Be A Smart Saver

When it comes to the skill of saving, it may seem like you either have it or you don’t. We reckon that’s not the case. It’s certainly not a skill you’re born with, but with time and a heap of determination it’s something you can succeed at. Everyone can be a smart saver. If you’re trying your darnedest to become a better saver but can’t seem to get the knack for it, you’re in luck. We’ve got some hot and foolproof* money tips to help you along.

*Results may vary.

Extreme Saver: Be a smart saver

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Posted by The Cusp on Thursday, 1 March 2018

Alight so to say they’re foolproof was a bit of a stretch – there has to be a better way! Try these smart money tips instead:

#1 Learn to meal prep

Meal prepping is a great skill to possess that not only saves you money, but saves the amount of time you’ll spend in the kitchen. It’s a smart way to be healthy and organised. Wins all round!

Sit down, plan out all your meals for the week and go get the ingredients you’ll need – it’s that simple. Then once you’ve cooked, portioned and stored your meals for the week you’ve got fresh, cheap and (ideally) healthy dinners and lunches to eat as you please.

Planning meals like this means you’re buying the ingredients you need, saving money by eliminating unnecessary trolley fillers. We have plenty of meal prep tips, should you be ever in need of some inspo. And remember you can freeze your food to make it last longer.

#2 Start a side hustle

A sure-fire way of increasing your savings is to increase your income. Have you considered a side hustle?

A side hustle is a way to make some extra cash and to pursue what you’re most interested in. It could be your chance to pursue something you’re passionate about, or it could be as simple as creating and selling art or jewellery online – up to you. It could even develop into something bigger later down the track.

The most important thing about a side hustle is that it doesn’t affect your main source of income, or your mental health of course. Don’t overwork yourselves guys.

#3 Admit to your money mistakes

They say we learn from our mistakes, but in order to learn from them we must own up to them.

Everyone has their own money quirks, which may not be considered all too savvy. But if you can pull yourself up at the times you’re making poor choices, your bank account will thank you for it.

I’m talking about the times when you opt for buying takeaway when you have a fridge full of food, or catching a taxi when you’ve got money on your travel card.

It pays to be smart in these instances.

Westpac Life is a flexible savings account that could help you stay on track to meet your savings goals. Open now in less than three minutes.

Also check out these other money tips for boosting your disposable income, and ideas for saving so you won’t even notice it.

Want to start saving?

Open a Westpac savings account to take control of your money.

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