You can start off small e.g. $10-$20per week or fortnight depending on how often you get paid, and by the end of the year you will have at least $240 saved. Nominating direct deposits into your savings account through your employer’s payroll, is one way to make saving for a rainy day that little bit easier.

The best way to make the most of the money you are saving is to deposit the funds into a high interest savings account to watch your money grow, and to add to these savings with any bonus lump sum payments received throughout the year.

So where do you start and how can you save?  Ways to save everyday are by reducing expenditure in non-essential areas of spending, using a piggy bank for those coins that tend to end up everywhere but in your pocket, tracking spending, avoiding impulse buying and creating a budget as a means to reflect exactly where your money is going.

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