Budgeting and Saving
Having a specific target to work towards will help keep you motivated and focused. Pick a number, set a timeframe, and then get busy saving!
Do it online
Like any goal, it pays to have a good plan in place to keep you on track. So in order to get saving, first do a budget and workout everything that you NEED to spend money on and areas where you see you could save. There are many free budgeting tools available online; one we recommend is www.sorted.org.nz.
Once you have worked out a budget, make sure you track your spending against it. Those daily coffees or Friday evening rounds at the pub can really add up and you will be amazed how much can slip through the cracks – especially if you spend cash or get paid in cash. [Content protected for First Home Buyers Club members only]