Smart.Happy.Money 12: 3 Ways You Can Save Money This Month

Have you ever thought about getting your finances in order, saving and investing but it all seemed so overwhelming that you gave up before you even got started? It’s very common. After living paycheque to paycheque and not worrying too much about where your money has gone, it can be hard to suddenly have these things on your mind.

So, I’m going to take you on some baby steps. I’m going to help get you started on what I hope is a successful financial journey.

Let’s have a look at three easy ways that you can save money this month. Now, let’s understand that we are not talking about huge savings here. This isn’t going to allow you to retire in three years. It will however get you started. And starting can often be the hardest part. It will begin to get you in the habit of saving by finding money you otherwise waste and putting it aside. Let’s get into it.

1: Round ups

Have you heard of round ups? I have been using these for a while and have saved more than $1,000 in under 12 months. The theory behind round ups is that you ‘round up’ the amount that you spend. Let’s say you purchase a coffee for $3.50, your round up service would round this up to $4 and would transfer 50 cents into a savings account/investment. There are many different versions of this and I’m not going to get into product recommendations here (ASIC doesn’t like that!). I am however happy to discuss this with you in person (or online) if you would like, that way I can let you know which one I think is the best for you, and you never know, you may even end up saving on bank fees too! (There’s a 4th way to save).

These round ups really do add up over time and you will not miss the money because it comes out in such small amounts.

2: Your Utility bills.

I’m sure you have noticed over the past few years that electricity and gas bills have gone through the roof. If you haven’t assessed your provider in the last two years you’re probably paying more than you should. There are a few ways to do this. Let’s look at the easiest first.

1: How to save on your utilities 1

Call your current provider and tell them you are unhappy with the rates you are paying, and you would like to negotiate a better deal. It is very likely they will give you a discount there and then. If you want to really get into it, you could call up as a ‘new customer’ and see what they offer. Then call back and ask for that amount.

2: How to save on your utilities 2

You can assess what is available in the market place. There are many services that do this for you, I’m sure you know who they are, the thing to remember with these services is that they are only checking prices on the providers that they have an arrangement with. Once you have found a better price, you can use this to negotiate with your current provider, or just switch over.

Utility rates are exceptionally complicated, and this process can be time consuming, but rewarding as you could save hundreds of dollars. Those hundreds of dollars can be saved and added to wherever it is that you’re saving your funds to. It is important to keep a track of what you were paying and what you’re paying now and to save the difference, or it will just get eaten away in other expenses.

3: Shopping and Meal Prep

Visiting the supermarket 3 or 4 times a week is a great way to waste money. Each time you visit you buy more than you need and those extra dollars all add up. How do we fight this leaking of our funds? Preparation and planning is the key. One shop per week is the answer. Combine this with meal prep and you are well on your way to saving time and money.

What is meal prep? It is pre-preparing most of your meals for the week so that when dinner time comes, and you are rushing home from work trying to get the kids to do their homework or just tired from your day you can grab your pre-prepared meals and eat without having to cook. Doing one big shop and pre-preparing meals means that you have food in the house, you won’t be tempted to just order take away or nick to the shop and waste more money. It’s a little work over the weekend for an easier week. And it will save you money that once again can be saved.

Well, there you have it. Three ways that you can save money this month. Following these ideas will have you on the path to saving and investment which will build your wealth and create habits that will stay with you for life. You work hard for your money, stop throwing it away!

As always, if you would like more information or have questions and comments please email or find us on Facebook @bgnfinancialmanagement

And remember, if you are struggling with credit cards and other debts our free strategy paper is available at

Happy saving!


Ben Graham-Nellor is an advisor, coach, blogger and speaker who has worked in the financial services industry for over 15 years.

BGN Financial Management Pty Ltd is a Corporate Authorised Representative 468796 of Professional Investment Services Pty Ltd AFSL 234951 ABN 11 074 608 558

The information in this communication has been prepared on a general advice basis only. The advice has been prepared without taking account of your specific objectives, financial situation or needs. Accordingly, you should, before acting on the advice, consider the appropriateness of the advice having regard to your objectives, financial situation and needs. In cases where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain a Product Disclosure Statement (or other relevant information statement) and consider such document before you make any decision about whether or not to acquire the product. For these reasons, it is imperative that you seek advice from your financial adviser before making any investment decisions.

Featured Posts
Recent Posts
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
  • Facebook Black Round
  • Twitter Black Round

BGN Financial Management PTY LTD is a corporate authorised representative (468796) of Professional Investment Services Pty Ltd (ABN 11 074 608 558)

which is the holder of Australian Financial Services License No.234951.

The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of your Professional Investment Services Pty Ltd (PIS) Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither PIS nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information. By entering your details to this website you are agreeing to be added to the BGN Financial Management contact list and will receive, from time to time, newsletters, updates and invites to events etc.  You can opt out at any time by emailing

Neeliya Cooper Credit Licence No. 501079 Ph : 0419260226


BGN Financial Management PTY LTD | Copyright © 2015 


Click here for Licensee Information                    Click here to view Financial Services Guide and Privacy Policy                              Click here to lodge a complaint