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.
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?
MoneyMinded Monday is inspired by the MoneyMinded program, 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 it’s still going strong.
Other MoneyMinded tips:
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.
To find out more, please go to our MoneyMinded page here.
Our MoneyMinded community partners include:
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”.