https://www.youtube.com/watch?v=R1fussuXniE
Transcript
0:00
[intro music]
0:03
My top two tips would probably be to
0:07
open a separate savings account so you can
0:09
take a section of your pay and put it away for
0:12
an item you may want to save for or even just in case of emergency.
0:16
And second would be to keep track of
0:19
your spending and where your money is going to give you a better idea of how
0:24
you can help start saving.
0:25
I’d give them the advice to always think
0:27
about what they’re spending their money on
0:29
and why they’re spending it. Always think about
0:31
what you actually need
0:32
rather than what you want,
0:34
and try and always save as much as you can
0:36
at the end of each payday.
0:37
If you go shopping in you pay in cash you always have
0:40
loose change at the end of it so putting that in like
0:42
a tip jar or a change jar and then that’s another way
0:45
to definitely save up some money which
0:47
you can use for a holiday or reward.
0:53
Often you’ll see people that will take out all their money
0:56
at one go when payday comes around and it just won’t
0:59
last until the next payday. So,
1:01
they might be fine for a week and then for the next week
1:04
they’ll kind of struggle until the next payday again.
1:06
If everyone could manage their income it would stop
1:10
people from borrowing, or gifting, from one another.
1:15
And I know there are certain relationships that you cannot say no but that’s something that
1:20
the Aboriginal community needs to sort out and
1:25
not for anyone else to tell them how to spend their money.
1:31
A lot of the videos on the MoneySmart website
1:33
are really helpful to teach clients about different things
1:37
revolving around money – saving, budgets, debts and everything.
1:40
It’s a really good website.
1:41
Not even just for the clients but for myself as well I
1:43
enjoy using the budget planner
1:45
It’s given me a really good insight into how to save
1:48
better in my own life so I feel like that really helps
1:52
for me, to transfer that information on to clients when I’m helping them.
1:56
[outro music]