We’re spilling the tea on smarter ways to save money, these are genius yet simple ways people have been saving money for years!

1. Follow the 50-20-30 budgeting rule

The most efficient way to set a realistic saving goal is to separate your expenses from the get-go. Also, if possible use another account just to store your savings that way when your money is out of sight, it’s out of mind and you won’t be tempted to spend it later.

2. Choose your bank wisely

When you decide to create your savings account, make sure you choose the best bank for you. There are banks that offer more generous interest rates for younger people, some banks have designed their model especially to cater to people in their 20's. Let’s just say that some of the banks you should explore rhyme with BackPACk and the other is the opposite of down. Better interest rates on your savings = making more money off the money you’ve already saved so choose wisely!

3. Apps that help you be smart with your money

There so many apps that you can use to be smart with your money, for example, there are apps that will round off your payments so basically, it will round off your payments and collect that spare change into which stacks up to a good amount you can use later. Then there are budgeting apps that help you be more conscious of where you're spending your money, and that helps ALOT in my opinion. Then there are some apps that you can use to pay and collect points and freebies later with the points you collect. Every transaction adds up and who doesn’t enjoy a good freebie (or an illusion of one) right?

4. Flybuys and other loyalty cards are your best friends

Loyalty cards are good for so many reasons, there are exclusive offers for members, for example, Coles has special discounts that you can only redeem through the Flybuys app, you can collect flybuys points from Coles and use those points with another Flybuys partner, saving money whilst you spend money. Also, let’s not forget all the stamps you can get at you at your local coffee or boba shop that can get you a free drink!

6. Take advantage of being a student when you spend your money

You will be surprised deals that are out there that are absolute steals. Whenever you make a purchase, whether it’s simply a coffee or movie ticket always ask if they offer a student discount, because even they may not promote it, most of them always have a good deal for students. Also, if you like to plan ahead and are looking for a one-stop-shop for all student discounts then you can use our app to access 100+ student discounts so you can plan your purchases and never miss a good deal!