We all could do with a few more dollars in our bank accounts, right? What you don’t realise is just how easy that goal can be…
‘More money’ is one of the most common New Year’s resolutions around. Whether you are seeking extra cash to help pay bills, for your mortgage, for that special family holiday or simply for a splurge purchase, the key is to start saving now. Small, incremental steps will get you on your way. Here’s how…
Here’s a very easy tip to get your savings goal underway. Simply grab a jar (make it a big one so the universe knows you’re serious!) and as you receive $5 notes in your change etc, don’t spend these notes – pop them in your jar. Easy. You’ll be surprised by just how many fivers you come across in your day to day, and you’ll be equally as surprised by just how much they can add up to after a year. Just four fivers a week can add up to more than $1000 by year’s end. Hello Bali.
Get on the cans
You’ve been living under a rock if you haven’t heard about the new 10-cent refund program for recyclable containers – “Containers for Change”. If you’re the parent of a tween, you will have no doubt experienced your kids walking around with dollar signs in their eyes while drinking from recyclable bottles and cans over the holidays. While 10 cents sounds insignificant, those little silver coins can add up. The key to this money spinner is to get the whole family involved in collecting (yep, get Nan and Pop etc signed up to your posse!). You also need to put a solid system in place for the storage of your cans and bottles as the last thing you want is for rubbish to be piling up around your home // www.containersforchange.com.au
Ahhh, modern techology. It’s a beast and a beautiful thing. There are some really great apps available these days to help you save money. We are loving Raiz – Invest The Spare Change. Linked to your bank cards, Raiz automatically rounds up your purchases to the nearest dollar and invests the difference (that small change) into a share portfolio that’s managed by expert financial advisers. Spaceship is another simple app that helps you invest small amounts that you won’t even notice missing. There is no minimum investment and your account is fee-free up to $5000.