{"id":3044,"date":"2018-01-17T05:38:13","date_gmt":"2018-01-17T05:38:13","guid":{"rendered":"https:\/\/raizinvest.com.au\/investors\/25-simple-saving-tips-for-the-new-year\/"},"modified":"2024-04-21T05:10:46","modified_gmt":"2024-04-21T05:10:46","slug":"25-simple-saving-tips-for-the-new-year","status":"publish","type":"post","link":"https:\/\/raizinvest.com.au\/investors\/blog\/25-simple-saving-tips-for-the-new-year\/","title":{"rendered":"25 Simple Saving Tips for the New Year"},"content":{"rendered":"
\"image\"<\/figure>\n

With
\nthe new year upon us, it\u2019s easy to say\u00a0\u201cI will save more this year\u201d<\/i>\u00a0but
\nwhat you might not have brainstormed is\u00a0\u201cHow can I save more this year?
\nWhat are the practical ways to go about it?\u201d<\/i>\u00a0The good news is even
\nsmall efforts can add up to big savings over time. No matter what you\u2019re saving
\nmoney for \u2014whether it\u2019s to reach a savings goal, pay off debt faster or plan
\nahead for a holiday or first home\u2014these simple suggestions will help you get
\nthere faster.<\/p>\n

With
\n25 simple suggestions, there is one to suit everyone and to help you stick to
\nyour goal or resolutions this year!<\/p>\n

1.\u00a0Create
\nsub-accounts for different savings goals or use your Raiz Account.<\/b>\u00a0It\u2019s
\nan easy way to measure your progress and make quick adjustments.<\/p>\n

2.\u00a0Nickname
\nthose goals.<\/b>\u00a0Research proves this creates an emotional connection that
\nmotivates you to save more.<\/p>\n

3.\u00a0Set
\nup automatic recurring investments\u00a0<\/b>after payday. You won\u2019t have time
\nto miss the money. For more information on Raiz fees, click here<\/span>.<\/a><\/p>\n

4.\u00a0Treat
\nyourself to a birthday freebie.<\/b>\u00a0Most restaurants, if you tell them
\nit\u2019s your birthday, will give you a little something just for dining with them.
\nThe key is signing up early.<\/p>\n

5.
\nRaid your drawers for\u00a0unused gift cards.<\/b>\u00a0If you probably won\u2019t
\nput them to good use, re-gift or sell them.<\/p>\n

6.\u00a0Cancel
\nunused subscriptions<\/b>\u00a0for magazines, gym memberships, for example.<\/p>\n

7.\u00a0Turn
\noff the tap when you brush your teeth.<\/b>\u00a0This can save 5,000L per year,
\ncutting down your water bill.<\/p>\n

8.
\nTake shorter showers.<\/p>\n

9.\u00a0Unplug
\nyour laptop and other appliances<\/b>\u00a0when you aren\u2019t using them. Leaving
\nyour computer on all day could add up to hundreds in a year.<\/p>\n

10.\u00a0Convert
\nto low-flush toilets<\/b>\u00a0and high efficiently appliances when your current
\nones need replacing.<\/p>\n

11.\u00a0DIY
\nwhen it makes sense.<\/b>\u00a0(Doing major repairs on your own won\u2019t save you
\nmoney if you end up having to a pay a pro to fix your shoddy work.)<\/p>\n

12.\u00a0Make
\na list before hitting the store, and stick to it<\/b>\u2014and avoid grocery shopping
\nwhen you\u2019re hungry and more likely to make impulse buys.<\/p>\n

13.\u00a0Buy
\nthe floor model for a discount\u00a0<\/b>when you\u2019re shopping for big-ticket items
\nlike furniture or appliances.<\/p>\n

14.\u00a0Buy
\nlast year\u2019s model<\/b>\u2014especially when you\u2019re shopping for electronics<\/p>\n

15.
\nBuy holiday candy, decorations and wrapping paper the day\u00a0after a major
\nholiday.<\/b><\/p>\n

16.\u00a0Borrow<\/b>.
\nA friend may own a black-tie outfit you can wear to an upcoming wedding.<\/p>\n

17.\u00a0Get
\nbooks at the library<\/b>\u00a0instead of purchasing your own copies.<\/p>\n

18.\u00a0Use
\ngeneric or store-brand product<\/b>s for everything from cereal to face lotion.<\/p>\n

19.\u00a0Buy
\neveryday items<\/b>\u00a0like batteries and bottled water\u00a0in bulk.<\/b><\/p>\n

20.
\nTry the\u00a0lunch menu<\/b>\u00a0at your favorite dinner spot.<\/p>\n

21.\u00a0Make
\nyour own coffee,<\/b>\u00a0saving you anywhere from $1 to $5 per drink.<\/p>\n

22.\u00a0Commit
\nto bringing your lunch<\/b>\u00a0just one more day a week.<\/p>\n

23.\u00a0Stock
\nup on wine and liquor the day after a major holiday<\/b>\u00a0to score
\ndiscounts. Those are among the quietest days for liquor stores.<\/p>\n

24.\u00a0Look
\nfor other freebies in your city<\/b>, like yoga classes or one-day workouts in
\npublic parks.<\/p>\n

25.\u00a0Volunteer.<\/b>\u00a0It\u2019s
\nfree and will make you feel good too.<\/p>\n

Bonus
\ntip:<\/b>\u00a0Use all the features available on Raiz to save and invest
\n(Round-ups & Recurring Investments), manage your finance better (My
\nFinance), save for your kids (Little Raiz), and shop with an investment bonus
\n(Found Money). Happy investing!<\/p>\n

 <\/p>\n

\n

 <\/p>\n

Don\u2019t have the Raiz App?<\/h3>\n

Download it for free in the App store or the Webapp below:<\/p>\n

\n
\"download-raiz-app\"<\/a>
Click to download the Raiz app<\/a><\/figcaption><\/figure>\n

 <\/figure>\n

Important Information<\/strong><\/span><\/em><\/p>\n

The information on this website is general advice only. This means it does not take into account any person\u2019s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.<\/em><\/p>\n

A Product Disclosure Statement for Raiz Invest and\/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.<\/em><\/p>\n

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.<\/em><\/p>\n

Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.<\/em><\/p>\n

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

With the new year upon us, it\u2019s easy to say\u00a0\u201cI will save more this year\u201d\u00a0but what you might not have brainstormed is\u00a0\u201cHow can I save more this year? What are the practical ways to go about it?\u201d\u00a0The good news is even small efforts can add up to big savings over time. No matter what you\u2019re […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[322,64,323],"yst_prominent_words":[]}