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MONEY HABITS
Separate Your Savings
11 October 2017
It’s a great feeling to look at your account balance and feel safe and at ease. But what about the other things you’re saving for?
What would probably make you even more relaxed and comfortable is seeing your savings side by side for each and every goal.
Chances are checking your bank balance makes you feel happy - Well, when it’s healthy.
A big part of you feeling safe and at ease is having ‘money in the bank’ – like a security blanket for whatever life throws at you. What would probably make you even more relaxed and comfortable is seeing your savings side by side for each and every goal – I’m guessing you have specific and terrific, multiple goals.
A high-interest savings account can let you split out your tallies towards your targets, and will give you an instant assessment of your progress. For you, that will be both reassuring and motivating. Be sure to give each sub-account a name that spurs you into even further savings action.
And, don’t beat yourself up about those months when you just can’t manage to save as much as you’d targeted, it happens to the best of us!
Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you and read the relevant Product Disclosure Statement or Product Information Document before making any decisions about whether to acquire a product.
