Social Good

How a sausage dog can help Aussies save

August 2015

Saving money isn’t about making sacrifices, it’s about staying on top of what you’re spending.

Start a spending diary

A spending diary helps you keep track of what you spend your money on (bills, food, coffee, transport, rent).  Recording each expense allows you to monitor exactly how much you spend over a period of time and uncover all the little ways you can save, like using draft stoppers to reduce your energy bill.  

Focus on recording all your spending for one week and it it's working, extend it to four weeks to get a really good idea of your total monthly outlay.

 

Things to do:

  • Buy a small notebook, start a simple spreadsheet, or download a spending tracker app for your phone.
  • Track your expenses for one week, noting the date, item, cost and reason for the purchase.  Keep your receipts, too.
  • Take into account things like insurance; if you pay it as an annual fee, this should be divided by 12 and then included as a monthly expense.

Want to know more about MoneyMinded Monday?

MoneyMinded Monday is inspired by the MoneyMinded program, an award-winning financial education course designed to help people build their financial skills, knowledge and confidence. Developed by ANZ, government groups and education experts, MoneyMinded has helped nearly 300,000 people worldwide improve their financial skills. It's been so successful, we've decided to share a few ideas with everyone  and is still going strong.

Each Monday, we'll share a simple, fun tip. So whether you want to learn better budgeting tips, reduce your debt or start saving, check back each week to stay updated. You’ll be amazed what’s possible when you take it one Monday at a time. 

Other MoneyMinded tips:

Introduction to Money Minded   |   Week 1: Savings Tip |  Week 2: Needs and Wants Tip  |  Week 3: Smart Goals  |  Week 4: Money Planning  |  Week 5: Spending  |  Week 6: Paperwork

Our investment in innovative financial education programs is part of ANZ’s commitment to help build the prosperity of people living in the communities in which we operate. Learn more about MoneyMinded, our community partners and other programs here.

Our MoneyMinded community partners

MoneyMinded  has helped thousands of people worldwide. Here’s what people are saying: