Join the KiwiSaver scheme others look up to
Saving tips
Saving can seem daunting - so here’s our top ten tips to make it easier.
Start now
Don’t wait until you finish studying / get that raise / buy that new car or whatever reason you may have to put off saving. Just start. The sooner you do, the more you’ll save and the sooner you’ll reach your goal. Open an ANZ savings account and get started now.
Every little bit counts
It all adds up over time, so don’t worry if you can’t afford to save too much at first. The amount isn’t important – the most important thing is to get into a regular savings habit.
Be realistic
Make sure your savings goal is within your budget, otherwise you’ll find yourself dipping into your savings and lose motivation. If you try to save too much too quickly, you might be put off doing it altogether.
Pay yourself first
Instead of saving whatever is left over at the end of each week, pay yourself first. Whenever you get paid take out some money for your savings before you do anything else. It’s a good way to make sure you don’t fritter your money away before saving it.
Make saving automatic
Setting up an automatic payment into your savings account each payday is a good way to pay yourself first. You don’t even see the money, so you don’t miss it! Find out how to set up an automatic payment.
Know where your money goes
Setting a budget will show you what you’re actually spending your money on – and it may surprise you. It will also identify opportunities to cut back spending on things that aren’t that important to you. See our guide ‘Setting a Budget’ for more information.
Remove temptation
Did you know you can ‘hide’ your savings accounts in ANZ Internet Bankingdisclaimer? Hiding them makes it easier to resist the temptation to spend your savings! To ‘hide’ your savings in Internet Banking, just send us a secure email using Bank Mail (via Internet Banking), call us on 0800 269 296 or visit any ANZ branch.
Use extra money wisely
Before you spend that pay rise, bonus, inheritance or other windfall, consider putting at least some of it into your savings account. Similarly, if you pay off debt like a car loan, why not keep making the payments – but into your savings account instead?
Don’t spend money unnecessarily
Saving money is one part of the equation – the other part is not spending money you don’t have to. For example, pay your bills on time to take advantage of early payment discounts and avoid late payment penalties, and cancel gym memberships or magazine subscriptions you’re no longer using.
Give yourself a break
Budget for a little treat now and then – it’ll make it easier to stick to your savings plan over the long term. And if you do succumb to temptation and dip into your savings, don’t beat yourself up – we’re all only human. Just shrug it off and get back on track.
You may also be interested in:
Helpful resources
Estimate your potential savings
Calculate how much your savings could grow over time
Calculate how much you may need to regularly save to reach your goal
See all help and support articles
This material is for information purposes only. Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. An ANZ Authorised Financial Adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008. If you wish to consult one of ANZ's financial advisers, please contact us on 0800 269 296.
Registration is required for ANZ Internet Banking. Telephone, mobile operator and internet service provider charges may apply to these services. Eligibility criteria, terms and conditions apply.
Back to top