How to save towards a goal

06 May 2015 / Published in Your Money

Saving is one part of money management that doesn’t always come easy. If there’s something you really want that feels a bit out of reach, here are some simple steps to start saving.

  1. Set up and name a separate savings account for this one goal.
  2. Save something every pay day, no matter how big or how small. You could even set up an automatic payment into your savings account, so on paydays you don’t even have to think about saving.
  3. Try and save all (or at least half) of any unexpected funds you receive, such as gifts, an annual bonus or a tax refund.
  4. You could also set up ASB Save the Change to save money as you spend – once you’ve registered, it automatically rounds up your electronic transactions and transfers the difference to your nominated savings account(s).

ASB has different types of savings accounts to cater for your needs and savings goals. And if you’re saving for the long-term, you can even earn bonus interest with a Savings Plus account if you don’t dip into your savings.

How to save money towards your goal
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