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Saving money

"We've saved more than we ever imagined."

- MyBudget clients Jaz & Reid

 

Saving money is one of the hardest things to do without the right support.

If you’re struggling to save money, we’re here to help.

Saving money can be hard

Most people struggle to save money, it’s easy to fall into the trap of spending too much or spending money you don’t have, especially on credit cards. This leads to debt, which comes with charges and fees.

With debt and interest payments piling up, paying for everything from groceries to your rent can become stressful. Taking holidays or even buying a house may seem impossible.
 
Saving money can be hard, but it’s a must. It keeps debt at bay while ensuring that you can enjoy life in the future.


Not saving right now? Don’t worry.

To save, you need visibility into your finances. You need to have a budget so you know where all your money is going. Then, you can work out how much you can actually save. This is hard to do without support.

You're not alone. We can provide the support that you need to achieve this visibility.

Think about this:

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    35% of Australians are worried they'll never get into the property market.

    (20 Years of Money with MyBudget - Survey Research Report, 2019)

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    One in five 18- to 29-year-olds use buy now, pay later loans and believe that Afterpay is the new credit card.

    (20 Years of Money with MyBudget - Survey Research Report, 2019)

How to save money

Some people think that saving money will stop them from engaging in all that life has to offer. They believe life will get boring.

This is not true. You can keep life interesting and save money at the same time by budgeting.

Budgeting gives you clarity on where your money is going, how much you’re spending and a vision of your financial future.

With a strong budget, you can save while engaging in all that’s interesting, fun and exciting -- while meeting important financial commitments.

Budgeting can help you put aside savings for:

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    A holiday

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    Your dream home

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    A brand new car

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    Your kids’ education

Creating a budget and a savings strategy begins simply, and with MyBudget, it's free!

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We meet for a friendly chat

We take some time to meet with you to talk about what you spend your money on, as well as your short and long-term financial goals.
 
We talk about what you want your future to be and how saving money can help you get there.

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We take a closer look at your numbers

By talking about your expenses and looking more deeply at your financial situation, we’ll help you see how you can save more money.
 
If you’re spending too much, we can talk about strategies that will get your overspending under control.

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We help you create a savings strategy

With the numbers we’ve talked about, we’ll help you create a savings plan.
 
This is a strategy that will help you keep money in your pocket and enjoy life at the same time.
 
Life doesn’t need to be a bore when you’re saving!

We'll help you stick to your savings plan

Life is full of competing priorities. It can be tiring and stressful. If you haven’t had any financial training, sticking to a savings plan all by yourself can be challenging.   We’re here help you stay on track so you can reach your financial goals sooner.

If you need us to, we can:

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    Set aside your savings for day-to-day living expenses

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    Organise your savings into sub-accounts for special events or projects

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    Prioritise your debt and bill payments

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    Pay your bills on your behalf using your income

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    Provide future savings projections

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    Give you full visibility of your finances 24/7

Frequently asked questions

If you’re deep in debt, saving will be much harder.
 
Everything you earn is being used to pay off your debts. If you want to save money, you’ll need to eliminate those debts first.
 
If you have multiple debt streams that are too stressful to manage, we can help by consolidating your debts. We can also help you create a debt management plan to get you out of debt.
 
We’re ready to help. If you want to know more about how you can get out of debt, give us a call on 1300 300 922.

We’ve helped countless Aussies save money