Fi­nance

Strug­gling to make those sav­ings last? ING’S TIM NEW­MAN re­veals how to plan like a pro

Woman’s Day (Australia) - - Contents - BY NEXT SCHOOL HOL­I­DAYS!

Save $1000 in a flash! Free hol­i­day fun

BOOK TRIPS AS SOON AS POS­SI­BLE

Go­ing away for the school hol­i­days? Book as far ahead as pos­si­ble. Travel search en­gines such as Kayak show you need to book for pop­u­lar do­mes­tic des­ti­na­tions such as the Gold Coast about two months in ad­vance to save at least $50 on flights. AP­PROX SAV­INGS $50 per per­son ($200 for a fam­ily of four)

USE DEAL SITES

If you’re a par­tic­u­lar par­ent of leisure who en­joys wind­ing down from a busy week with the kids, in­stead of pay­ing full price for a mas­sage or spa ses­sion, you could save about $80 even when treat­ing your­self to a de­light­ful pam­per pack­age on deal sites such as Groupon. AP­PROX SAV­INGS $80 per deal

DO YOUR GRO­CERY SHOP­PING ON­LINE

As sim­ple as this may sound, it’s of­ten an eas­ier way to mon­i­tor your bud­get as you fill your cart so you’re not sur­prised by the end amount. You can save sim­ply by mon­i­tor­ing ng your cart closely and re­mov­ing ng the items you re­ally don’t need. AP­PROX SAV­INGS $30 per week ek

SPRING CLEAN YOUR SUB­SCRIP­TIONS

You may love their favourite shows on Foxtel, Net­flix, Stan and Hayu, but maybe it’s time to cut down your TV time. Try hav­ing a max­i­mum of two sub­scrip­tions – and more qual­ity fam­ily time with­out screens. AP­PROX SAV­INGS $50 per month

DO MORE THINGS FOR FREE

Fam Fam­ily ac­tiv­i­ties don’t need to cost a bomb. Pack a pic­nic and get out­doors for a day a at the beach or park. M Mu­se­ums and art gal­leries ar are also ed­u­ca­tional and a gre great way to en­joy some­thing diff dif­fer­ent at rel­a­tively low cost. AP­PROX APP SAV­INGS $80 per week

PUT YOUR GYM MEM­BER­SHIP ON HOLD

The av­er­age gym mem­ber­ship costs $57.40 per month, which means if you’re not pump­ing iron of­ten the only thing per­spir­ing is your wal­let. Most gyms will let you put your mem­ber­ship on hold for a few weeks. In­stead, try cy­cling with the kids on the week­end, kick­ing a foot­ball in the park or en­joy­ing walks. AP­PROX SAV­INGS $15 per week

TAKE AD­VAN­TAGE OF HAPPY HOUR

Keen to catch up with your col­leagues for an af­ter-work drink or two on Fri­days? Keep your wal­let happy dur­ing happy hour by scoping your lo­cal bar and pub scene. Apps like The Hap­pi­est Hour tell you when and where the best happy hours are. AP­PROX SAV­INGS $8 per drink (or more)

KEEP A CLOSER EYE ON EN­ERGY USE

It’s all too easy to knock-up a hefty elec­tric­ity, gas or wa­ter bill, es­pe­cially in the cooler months when it can be tempt­ing to have the heater on all day long! In­stead, do as much as you can to heat and cool your home with­out us­ing elec­tric­ity – like seal­ing doors, rug­ging up or open­ing the win­dow! Flicking ap­pli­ances off at the switch and do­ing clothes wash­ing dur­ing off-peak pe­ri­ods will also save you some ex­tra coin. AP­PROX SAV­INGS $30 per month

HOST A SUN­DAY POTLUCK DIN­NER WITH FRIENDS

A great way to save some ex­tra cash (and spend more time with the in-laws) is to host a Sun­day potluck din­ner. In­vite your close friends, fam­ily or even your neigh­bours over for a “bring-adish” din­ner this Sun­day. Catch up over yummy food and drinks while sidestep­ping ex­pen­sive restau­rant bills. AP­PROX SAV­INGS $50 per week

USE SET-ANDFORGET BANK­ING

Set­ting up auto-pay­ments that fall within your pay cy­cle means you can pay bills and add to sav­ings ac­counts au­to­mat­i­cally. Do your re­search and in­ves­ti­gate tools such as ING’S Ev­ery­day Round Up, which rounds your pur­chases up to a whole dol­lar amount and puts the spare change in your sav­ings. It’s a great way to save while you spend! AP­PROX SAV­INGS $70 per month

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