How To Save Money Fast

One question that often makes its way into our inbox is how to save money fast (like ‘right now’ fast). Whilst we like to remind our clients that long-term financial security is the best investment in their future, there’s no time like the present to make positive financial changes.

Luckily, there are plenty of things you can do get your funds in order immediately. We are going to be sharing some of these tips with you today.

Top Tips On How To Save Money Fast

Create a budget

I know what you’re thinking. You hear the word ‘budget’ and you immediately imagine your Saturday nights consisting of Netflix and pot noodles. But living on a budget doesn’t have to mean you lead a boring lifestyle (not that we think Netflix is boring).

Budgeting simply requires living within your means to help you achieve a financial goal. It is amazing how much you can reduce your expenses when you set a weekly or monthly budget for yourself.

Cut back on the grub

And by grub we mean food. Food is not something we can live without, but how much we spend on it is definitely something we could all do with being a little more mindful of.

Food will be among one of your biggest expenses throughout your life. But there are lots of ways you can reduce your grocery bills. Things such as only dining out at expensive restaurants on special occasions, buying cheaper cuts of meat at the grocery store, purchasing your food in bulk and freezing it, shopping online and making lunch at home can all make a difference to your wallet. Just think about how much you could save from avoiding that $5 meal deal each day and buying a $1 loaf of bread to last you the week instead!

Go cash only for one week

Get the most out of your finances by leaving your credit card at home for an entire week. This requires a bit of planning by withdrawing the right amount of cash you want to spend each day (and know you can stick to). This practice will force you to become a conscious spender and you will find yourself quickly saving money everyday.

Use your perks

Most people either forget or ignore these little bonuses. But if you’re looking for a quick and simple way to save money, go back and check all your current memberships for any perks that they offer. Whether that is a credit card, job benefits, coupons, loyalty cards or grocery store rewards programs, you could save a few extra dollars each week by making use of your perks.

By making these small and simple changes in your daily life, you may quickly find that you’re saving more money than you ever have before. For more tips on how to save money fast and take control of your finances once and for all, contact our professional advice team on 1300 784 084. And don’t forget to share with us your favourite money saving tips below!