Saving and budgeting tips

Money Responsibility

Why be responsible with money?

Many people underestimate their 'bad debt' and poor money habits. For some, this can impact their financial well-being and cause stress. Too often we don't recognise our poor money habits until they have become hard to manage. The Citizens Advice Bureau provides practical money tips, such as Loans and Credit, Budgeting, and Debt Management that may be of assistance to you when dealing with one of these events.

Learn more from the Citizens Advice Bureau
Financial stress

What are the benefits?

Like policing, the more information you have, the better financial decisions you will make, and the easier it will be to achieve personal financial well-being. This means you will:

  • Reduce financial stress
  • Have more control of your life
  • Not have to use a 'loan shark'
  • Be on your way to achieving financial well-being
See our free financial courses

How can I save?

Set goals

We offer free financial courses to help you make a plan to reach your goals.

Get dedicated savings accounts

Earn bonus interest by setting aside money each month.

Set up automatic deductions

This means money from your pay check goes straight into your Savings Account. Talk to your employer about your options.

Saving tips

Pay off your Credit Card in full each month

If you are only paying the minimum amount on your credit card you are likely to continue paying it off for years to come, instead of months. The interest payments mount up if you are only paying the minimum amount, and it's slow progress to clear the overall credit card balance.

Consolidate your debts

Dealing with multiple loans and debts can be very difficult and frustrating. By combining all your debt into one easy repayment, you could potentially save hundreds or even thousands of dollars in interest costs, and get out of debt faster.

Be prepared for a rainy day

Plan for unexpected expenses such as urgent car repairs or emergency travel so that you aren't caught short.