Our Founder Swears By These x4 Finance Hacks
Our Founder has been quite open & honest that in her 20's she prioritised travel & life experiences over saving. And she has no regrets! But since hitting her 30's, her mindset & focus has changed as she has entered that next phase of life, with saving a priority. Over the last few years, she has implemented some new tasks into her personal life that have helped her achieve her personal financial goals year after year. We asked her to share her top four with us. 
Track Your Budget & Prioritise
First things first, make sure you have a budget where you can track ALL your incomings and outgoings to better understand your financial position. Track everything - coffees, small grocery top ups, subscriptions, etc. They all add up!
Next, think about the financial goals you want to hit. Review what you're currently spending in all areas of your life & see if you need to adjust or re-prioritise your budget & spending for certain areas. For example if you want to save $50 extra a week - all it might take is cutting back on those morning coffees or taking your lunch to work instead of buying it. Make it a priority to change this habit & before you know it you will be in a new routine & have more savings in the bank too.
Review Subscriptions & Monthly Expenses
Deep dive into your monthly subscriptions & expenses. For example Netflix, any apps you pay for, your mobile & internet plans, insurance & even power company. Investigate if you can save money with a better provider or plan, or if you are subscribed to any services you can cancel. Quite often your circumstances might have changed within a year & you will be surprised how much you can save - the benefits of these small changes all add up. I saved $150 a month by reviewing & updating her internet & mobile plans + cancelling some app subscriptions.
Tip: Do this annually!
Create Dedicated Accounts
It’s easy to be tempted to spend when all your income is sitting in one account. My tip… create dedicated accounts & as soon as your paycheck comes in divide your income up into the allocated accounts. For example you could have the below
Everyday Account: e.g money for coffees, groceries, petrol, eating out etc
Weekly Bills Account: e.g rent, power, phone, etc
Savings Account:
Emergency Fund:
Other accounts you might have are
Tax Account (If self employed):
Retirement Account:
Travel Fund:
Get Organised & Spread Out Your Spending
Organise your life admin & book your annual dentist, doctor & skin check ups. Spread them out over the next 3 months so it's not so much pressure time or money wise. Check your passport, car registration & any other bits & pieces that might need renewing - write down in your diary what date these expire & a reminder to renew them prior to this date.