We are always being told how easy it is to save if we cut back on the takeaway coffees or pack our own lunch instead of buying it everyday.
But even with that discipline, some people still struggle to remember to actually put that spare cash aside as savings.
Well, Today money expert Effie Zahos has dug up some tried and tested tips that could help you save thousands of dollars if you stick with them.
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A popular one is the Coke bottle challenge where anytime you find yourself with $2 in your wallet, you put it in a 600ml Coke bottle.
“You can save $880 with that one,” Effie said.
Another lesser known one is savings bingo where each week you pick a number on the bingo card and that’s how much you put aside as savings.
“You look at it and if you’re feeling good this week you might find $7,” Effie said.
“The days you’re feeling good pick the higher number.”
Effie said the trick is to have fun with your savings and it will feel less like a choir.
One way to do this is using your weather app or paying attention to Tim’s weekly forecast when he’s on Today in the morning.
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It’s called the Wednesday Weather Challenge and basically, you look at the weekly weather forecast and pay attention to what the temperatures will be in the middle of the week.
If the low is 19C and the high is 27C on that day – you pick one or the other dollar amount to put into savings.
“It’s about saving a little and having that nudge, getting excited to see the weekly forecast,” Effie said.
See what other savings challenge tips Effie had in the video above
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