Big events tend to sneak up on us, meaning you have to fork out a lot of cash at once. With a little preparation you can start saving early on, and with an eye for the small expenses cut out a few extra costs.
The Daily Telegraph had some simple ways to save yourself $1200 in just 12 weeks.
Add a sweep function
Every time you buy something, round the cost up and save the remainder for your fund. This means making every coffee a $5 cup and every meal a multiple of $10. The coins you save will usually add up to $30 a week and $360 over the 12 weeks.
Stop interest payments
Transfer any debts to a 0% interest account and save $240 on average over the 12 weeks by saving on interest payments.
Drop a vice
Now is the perfect time to drop a vice in the run up to your big event. Quitting smoking, stopping drinking or even giving up café bought coffee can save you $260 in 12 weeks.
Avoid ATM fees
It is worth walking the extra few hundred feet to avoid paying $2.50 to access your own money. Stop paying fees as soon as you can and save $60.
Eat your food
Making sure you do not waste food can save the average person $230 over just 12 weeks.
Earn interest
Savings can be put into a high interest account to earn you money. In 12 weeks you can easily rack up the final $50 by putting savings away sensibly.
