Want good money habits? Start here.

When it comes to managing money better, most of us already know of small changes we could make to improve our financial situation. The problem is getting started – hello already abandoned new year resolutions!

The burden of unfinished money tasks, missed income opportunities, or hard earned money wasted, can weigh on our conscience and slowly erode confidence.

We are creatures of habit and even a small change to your money habits has the potential to change your life. It’s important to know that the easiest way of eradicating habits we don’t want, is by replacing them with the ones we do.

So here are some of our favourite money tips for creating positive money habits, at Verve we use them daily.

Set a reminder for a daily money minute

We love this from LearnVest Founder and CEO Alexa von Tobel, who swears by setting aside one minute each day to check on her financial transactions. This allows us to see any red flags, keep track of our spending and keep our financial health front of mind.

Set your intention

Know exactly what you’re working towards. We can spend a lot of time trying to increase our financial success without thinking about what it’s for and when it will be enough. Know what you want and why, then you can start planning, saving and budgeting.

Use cash more

We know, we know – ‘tap and go’ is super easy – but it can disconnect us from the value of the money we’re spending. Try for one week, or even just one day, to pay for everything you can with cash and see how it feels. Handing over your hard-earned is a lot more ‘real’ than waving a piece of plastic over a machine.

Spend wisely

Building on the Anne Lappe adage that every time you spend money, you’re casting a vote for the kind of world you want, we need to be mindful of where we’re spreading our dollars. Buy things that you believe in – from the kind of soap you buy to the bank you use

Eat in

You might be surprised to see how much you can save by using what you have in the cupboard at home. Get inventive! Here are some great money saving recipes by Food Network too.

Get a money buddy

Got a friend with a similar lifestyle to you or someone whose money habits you admire? Make a date with them to discuss all things financial and maybe you can learn a thing or two and keep each other on track towards your next money goal!

Unsubscribe from ‘deal’, ‘sale’, ‘discount’ emails.

Love this one from MoneyGoody because you’re far more likely to spend money, even if it’s the ‘deal of the summer’, than if you didn’t know about the sale in the first place! Plus, there ain’t nothing more satisfying than clicking that ‘unsubscribe’ button.

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This blog is published by Verve Superannuation Pty Ltd (ABN 65 628 675 169, AFS Representative No. 001268903), which is a Corporate Authorised Representative of True Oak Investments Ltd (ABN 81 002 558 956, AFSL 238184), as the Sub-Promoter of Verve Super.

Verve Superannuation Pty Ltd and True Oak Investments Ltd are not licensed to provide personal financial advice. The information contained in this blog, including any financial guidance, is general in nature. You should consider seeking independent legal, financial, taxation or other advice to ensure that your financial decisions are suited to your unique circumstances.

You should read the Product Disclosure Statement, Additional Information Booklet, Insurance Guide, Target Market Determination and Financial Services Guide before making a decision to acquire, hold or continue to hold an interest in Verve Super. When considering financial returns, past performance is not indicative of future performance.

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