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I was just thinking about the “save more money” New Year’s Resolutions I hear being made each year and how few people actually achieve them.

So I thought I would share one of my tips to help you actually save more money.

It is very easy and needs you just to do three simple things.

Firstly decide how much you want to save.  Is it $10 a week, $20 a week – you decide.  If in doubt just start small.  You can always increase it later.

Secondly, go to your bank and open up a new bank account just for your saving.

Then just send an email to your pay office asking them to split your pay.  Put what ever amount you want to save into your new bank account and the balance to go to your normal bank account.  They should have no problems doing this.

There you are, 3 simple and easy steps to create your own savings account, so you can keep to your New Year’s resolution of saving more money.

Do you and your family a favour and start taking steps so you can avoid the poverty trap.

Wayne Wanders

The Wealth Navigator

wayne@thewealthnavigator.com.au

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