Simple solutions help save money
THERE is hope when you're at the financial breaking point.
Financial expert Miles Larby said simple solutions could make a world of difference.
"If you have a clear savings plan, you can take control of your money, instead of feeling like it controls you," the senior executive leader at the Federal Government's MoneySmart website said.
"This builds confidence and encourages good money management habits and the ability to move onto the next savings goal.
"You may think spending up on big things is why you're finding it hard to save.
"But often it's the everyday little things that end up costing more over time.
"It's easy to lose track of $5 here or $10 there."
Mr Larby said putting money aside for emergencies and compiling a budget were good options.
"Another tip is to pay yourself first by having your savings deducted from your pay and paid into separate savings account with no ATM access - you don't miss what you don't see," he said.
"The trick with saving is to start small and then build on that success."
Mr Larby said credit cards could prove useful but needed to be treated with caution.
"A credit card may be a quick solution if you are struggling to make ends meet, but eventually you will have to pay that money back, with interest," he said.
"It's extremely important to ensure you keep track of spending so you stay within your limit."
- APN NEWSDESK