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3 Ways to Save, Save and Save to Hit Your Financial Goals

Managing your money and hitting your financial objectives can seem like an overwhelming task! 

There are tons of methods out there, but so many of them can end up taking too much of your time or become too tiresome to do consistently. Like most things in life, simple is best.

It’s important to incorporate simple ways of saving your money to achieve your financial goals.

Here are three simple steps that will help you save fast and reach your financial goals sooner.


Look at Better Ways to Pay Your Bills

Bills suck – that’s a universal feeling surely. But there are ways you can make them suck less!

Think about ways you can save some extra dollars on your phone bill, electricity, gas and internet. Shop around for a better deal and make the most of discounted early payments. 

You can also explore bill smoothing. Sometimes it can be harder to keep track of money if payments are too spread out. A good way to make this more trackable and efficient is by bill smoothing.

Bill smoothing means aligning all your payments to fall on the same dates or at least within a period when you’ve just gotten income. You can calibrate this to fit when you get paid: monthly or weekly.

This way, you may be able to easily anticipate your bills and manage your budget. It also may be easier to predict what’s actually left in your savings and personal spending.

Save Small Consistent Amounts

Consider setting a realistic amount that you can save regularly. Whether this is a goal you want to hit every week or every month, it’s up to you. Either way, the crucial part is sticking to it and being realistic.

As challenging as it can be at times, it’s important to set aside that amount immediately and try not to be tempted at spending your savings unnecessarily. 

I find a helpful way to do this is to, as soon as your pay comes in, take a small amount of time to divvy up your savings into different bank accounts. This way you can’t be tempted to spend it!

Another way to help your savings goals is to set up a savings account with a savings goal attached to your online banking app. This way, you can see your progress and work out how much you need to save each week to reach your end goal.


Try to Avoid Using a Credit Card When You Can

Few things hurt a financial plan more than a personal slip-up. Credit cards, while they can be helpful in tough times, can also be extremely dangerous! 

It doesn’t take much to slip into debt, where even a small amount can be detrimental. 

Did you know?

More than half of Australians own a credit card. Out of these credit card owners, 72% say they couldn’t manage their finances without a credit card.1

This doesn’t mean you have to completely cut off your credit card if you need it. But where you don’t need it, don’t use it!

If you’re trying to achieve financial freedom, it’s important to keep your goals and savings plan in mind. The tips above can be useful in helping you manage your money more effectively. It’s important to consider ways you can spend your money wisely and, in return, potentially even watch it grow!

Don’t miss out on Got Money Honey’s next My Money Makeover masterclass and achieve financial freedom sooner! Join the waitlist today and get exclusive pre-sale access!


1 https://www.finder.com.au/credit-cards/credit-card-statistics