You can make a big difference with small changes. The team at GMCU have landed on their top 10 tips to make your money work harder, with simpler ways to save money:
1. Try Online Grocery Shopping
Supermarkets are designed to encourage spending. Buying only what you need is easier when you’re not walking down the aisles.
2. Limit Online Impulse Buys
Consider setting a maximum online spend per pay week to ensure you don’t blow your budget.
3. Look for Coupons or Vouchers
Next time you buy something online, take a minute to check the retailer’s website to see if they offer discounts for your first purchase or sign up for a newsletter.
4. Choose Efficient Heating
Consider looking for a heater that has a five or six-star energy rating.
5. Try the Timer
Setting the timer to turn on when you wake up in the morning and off during the warmest time of the day will help you use less power.
6. Keep Your Home Between 17 and 20°
The higher your air conditioner’s thermostat is set, the more energy it will consume and the more it will cost. During winter, setting your thermostat between 17°C and 20°C is usually the most efficient and could save you money.
7. Close and Open Your Curtains at the Correct Times
Closing your curtains when the sun goes down and opening them to let the light in is a great way to keep the warmth in without wasting money.
8. Shop Around for Better Utility Providers
Many providers may offer new customers different sign-up incentives or lower rates, so comparing your internet and energy bills could save you hundreds of dollars.
9. Pay Yourself First
Consider automating your savings by setting an automatic transfer every payday into a savings account.
10. Put Your Money to Work for You
That extra interest incentive can be a great reason to avoid dipping into your savings so you can continue to watch it grow through the winter and beyond!
Our local team are here to help. With Savings Accounts and Term Deposit options that will allow you to put your money to work. Talk to us today.
