When it comes to managing a budget there’s a lot of advice available, so sometimes it pays to take it back to basics. Our Welfare Officers and UniSQ Bachelor of Communication alumna, Andrea have compiled their top budgeting tips to help you save where you can so that you can spend where you need (and want) to. From bargain hunting at the op-shop to meal-planning and shopping lists, these simple tips will help you save big over time.
1. Make a shopping list
Before you hit the shops, prepare a shopping list and stick to it!
2. Plan your weekly meals
Get organised ahead of time with cheap cuts of meat, pasta or different vegies!
3. Get everyone involved
Tell your friends and family that you’re trying to save money and plan cheap activities with them.
4. Needs Vs wants
Think before you buy treats, is this a need or a want? Could this money be put towards your goal? Andrea recommends you set up automatic transfers on your pay day, so you know you'll have enough money for the essentials (savings, bills, rent etc). After you've paid for your 'needs', the rest of your money you can spend guilt free on your 'wants'.
5. Refill and reuse
Use a refillable water bottle or fill a thermos with your favourite hot beverage!
6. Think of the big picture
Are you trying to save money for something big? It’ll help keep you motivated. Andrea has a goal of being able to afford to move in with her boyfriend and purchase the furnishings they needed for a cozy and comfortable first home together.
7. Go bargain hunting
Check out op shops for those bargain buys on things like furniture, clothes, white goods and accessories!
8. Ask for help
If your finances do fall apart, it is ok to ask for help! Welfare Officers know what they’re doing and know how to help you. Andrea likes to think about her budget as a financial diet. Learning to appreciate all the things she loves to spend her money on in moderation. 'I'm not starving, but I'm not bingeing either' she said.
For more information and budgeting help, contact the Student Services Welfare Officer at your nearest UniSQ campus or email supportforlearning@unisq.edu.au
