Want to save money and better budget? These are the main takeaways from our financial Q&A blog
From groceries and gas to utility bills and mortgages, the cost of living has risen and many Australians are finding it difficult to stay ahead. We brought together three professionals across the business, food and finance sectors to offer their penny-pinching tips. In our Q&A blog, ABC business reporter Emily Stewart, author of four money-saving and frugal lifestyle books Jody Allen, and Lody Stewart of Financial Counseling Australia answer your budget and savings questions. Here are the biggest takeaways from the blog. When you get paid, separate your money into separate ‘buckets’ Some of you say that when money arrives in your bank account, you tend to spend it right away. So how can you change this? Ms Stewart says it’s all about breakups. “When you get paid, split your money into separate accounts, or ‘buckets’, it’s for different things,” he said. Separate your paychecks by shuffling money into separate accounts. ( ABC News: Andrew Harrison ) If you can, Ms Stewart says to s