Take a fresh look at your finances
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Keep your savings on track with our top tips for saving
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| | | Pay a fixed amount of your salary in to a separate account each pay
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| Putting money away as soon as you are paid removes the temptation to spend it.
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| Ask your employer to have this automatically set up for you
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| Save your pay rises, bonuses, special payments and tax refunds
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| Savings build up significantly faster over time as you stick to your existing budget
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| Ensure these payments are deposited directly in to your savings account
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| Don’t cut out all the ‘wants’
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| It not only controls impulse buying but if your budget is too tight, its just not going to work
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| Be sure to budget for fun, leisure and personal expenses. It will make it easier to stick to your budget
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| Put your spare change in to a savings jar at the end of each day
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| Creates a small stash of ready cash
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| Use this money for small personal expenses.
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| Review your budget every year or whenever you experience a significant change to your income or expenses. E.g. a pay rise, selling your car, buying a house or extending your family
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| Keeps your budget on track
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| Visit our budget planner to re-assess your budget when such events occur.
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| Having a realistic, achievable goal in mind
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| Keeps you motivated and helps keep you on track to avoid the disappointment of not being able to meet your goals
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| Consider how much you are saving now, how much you can save using our budget calculator and what time frame you want to do it in. Be sure to budget for ‘wants’ as well as needs.
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