Save Money Quickly By Treating It Like A Bill

Do you find yourself struggling to save, pay to pay? Do you have your eyes on a prize but feel as though you’re not getting any closer to achieving it? 

It might be time you reframed your thinking and started looking at saving as an everyday bill. Here’s why it works. 

Automation Helps You Manage Your Money 

Automation is a “set it and forget” approach to money management – it helps you stay on top of your bills before you succumb to the distracting calls of end-of-season sales and Friday work drinks.  

Used commonly to manage bill payments, automation is a simple, and effective, strategy to boost your savings, too. If you’re struggling to make progress on what feels like a never-ending savings target, automation will ensure you meet your monthly commitment.  

Automating your bills and expenses 

If you’re in control of your bills and monthly payments, chances are you already have a solid system in place. Maybe you’ve set up direct debits. Or, perhaps you’ve linked your credit card for a simplified ‘one click’ payment process. 

The benefit in automating your bills is less risk of overdue payment fees and subsequent poor credit! Automation also ensures you don’t spend money on shoes that you need kept aside to pay for that epic electricity bill you’re expecting. 

Automating your savings 

How much more effective would you be at saving if you had a direct debit set up much the same way as your bills? You would never have to remember to put money aside into your savings account – an automated process takes care of it for you! 

Set up a transfer between your everyday and your savings bank accounts the day you’re paid and start achieving your monthly savings targets without effort or sacrifice.  

Change your mindset around saving  

If you have a big picture savings goal, like a wedding, house deposit, or retirement, start viewing your goal as a bill that needs paying off. 

So, pay your bills first. Pay your savings second.  

‘Go to town’ with whatever’s left over.  

Start small until you build some momentum and then increase the amount when you’ve settled into your new habit. 

You’ll never reach your savings goal if you keep getting distracted by short term gains like five-star dinners and designer handbags. Even if they are discounted. Your short-term emotional satisfaction is holding you back from something much greater. 

I challenge you to take your savings out of your account the moment your pay cheque hits the bank. Then, sit back and watch your golden egg grow!  

Get in touch for quality financial and budget management advice that helps you reach your financial goals, sooner.