Whether it’s saving for a holiday, a big birthday celebration, or just a rainy day, the next step after setting your savings goal is working out “how can I reach my savings target quicker”?
There are lots of different things you can do to change your spending habits. And at ASB we have some great tools available that can help you succeed at reaching your savings goal.
What’s in a name? Name your savings account.
To help ensure your savings goals stay top-of-mind and are tangible, try naming your savings account. Some people choose to call their account the name of what they’re saving for e.g. ‘New York’, ‘Wedding’ or ‘Rainy day’. You can name your accounts using FastNet Classic internet banking. Simply log in and select ‘Set Account Names’ under the ‘Personal Details’ section.
On the right track? Track it.
Once you’ve got a savings goal in mind and you’ve set up a savings account, it’s a good idea to take a look at your spending to see if there are any areas for improvement (and opportunities to add more to your savings).
Track My Spending is a free, easy-to-use tool within FastNet Classic internet banking that lets you track exactly where your money goes. By assigning categories to your regular transactions, you can see what you’re spending your money on and then set yourself spending allowances for each category – helping you budget, save and organise your finances more efficiently.