Have you ever gotten to the end of a week or a fortnight and wondered where all your money has gone? We suggest you try our 5 super simple money saving tips;

1. Make a Budget
At the heart of any savings plan is a budget. Budgeting helps you prioritise your expenditure and find a balance between spending and saving across a whole year.

2. Open a Savings Account
Savings accounts are somewhere you can put some or all of your discretionary income – the amount left over after paying for personal necessities and bills – and any windfalls (e.g. tax refund). You can ward off the temptation to spend this discretionary money by setting up automatic, scheduled transfers from your main account (transaction account) to your savings account.

Generally, a savings account can give you a higher interest rate so while you are restricting access to your discretionary money you can also be making money on the interest.

3. 30 Day Rule
Instead of making an unplanned impulse purchase, put that potential purchase on hold for 30 days and deposit the money into your savings account. If you still want to buy that item after the 30-day period is up, go for it. Otherwise, leave the money in your savings account and earn money on the interest.

4. Focus on Recurring Expenses
While every little bit helps, it’s your large, recurring expenses that provide the most fertile ground for boosting your savings. Go over your bank statements and look at all the things you have spent money on over the past year.

Then, see how much money you can save on them, for example refinancing your home loan, comparing insurance providers and other services etc. Spend a day going over it all – it could save you thousands.

5. Set up a Cash Flow Program
To make your money work for you, you need the right set up. Having this will make sure your finances become a ‘stress free’ area of your life and help you achieve your financial goals.


The FAA Cash-flow Management Program about a shift in focus. Instead of focusing on your savings account and how slowly it’s building up, we look at your weekly spend and the savings happen automatically. We help keep you on track, hold you accountable and celebrate with you when you reach your goals.