Social Good

How to make smarter purchase decisions

August 2015

Giving yourself 24 hours to think before you buy is a great way to avoid purchase regrets, but what about taking it one step further? All you need is a little bit of SMART planning.


Having a goal can help you to know where you are headed, but some goals lack enough specific detail to enable us to work out how to go about achieving them.

SMART goals are more likely to be achieved because they clearly define what we are hoping to achieve and they help to keep us focused. SMART goals also allow us to continually check our progress.


It works like this:

S stands for specific. Start with a specific goal, like a ‘weekend camping holiday’, then estimate how much it will cost -  let’s say $300.

M for measurable. Work out how much you need to put aside each week, like $30 per week.

A for achievable. How you’ll find the money, like bringing lunch to work three days a week.

R for realistic. Is this realistic? Are you likely to stick to this plan? If not, go back and adjust.

T for timed. Work out how many weeks / months / years it will take you to reach your goal.


Be a little SMARTer and try it for yourself. Pick an item you want and apply the SMART principles.

MoneyMinded Monday

For more than 10 years, ANZ, together with a range of community partners, has helped nearly 300,000 people worldwide improve their financial skills through the MoneyMinded program. It's been so successful, we've decided to share a few ideas with everyone.

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: Smarter Goals  |  Week 4:  Money Planning  |  Week 5: Spending


What is MoneyMinded?

MoneyMinded is an award-winning financial education course which teaches basic budgeting, savings and money management skills to help people build their financial skills and confidence.  Developed by ANZ, government groups and education experts, MoneyMinded has helped thousands worldwide and is still going strong.

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 here.

Our MoneyMinded community partners include

Find Your Possible

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

“This material is for information purposes only.  Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ’s financial advisers, please contact us on 0800 269 296”.