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When’s the right time to start saving?

The short answer: now. No matter where you are in life, there’s a huge benefit in starting and maintaining a healthy savings plan. Here’s our 5 top tips to help ‘future-proof’ your finances.

  1. Embrace the budget

  2. The word budget can sometimes get a bad rap. But having one in place is so important when it comes to hitting your short and long-term savings goals.

    We’ve tried to make it as simple as possible with Free2Spend, our in-app budgeting tool for customers with a USaver savings account and a USaver Ultra transaction account. You record your income, fixed expenses and savings goals and Free2Spend will give you one daily number to help manage your budget. The best part? You can spend your daily number on whatever you want and we’ll keep you on track to hit your savings goal.

  3. Bills first, savings second, then treat yourself

  4. While unplanned expenses could pop up (birthday dinners, a friend’s engagement, the offer of last-minute festival tickets) paying your non-negotiable expenses and bills first, and your savings commitment second, gives you a clearer idea of what spending money you have each pay cycle. Then, you can prioritise accordingly.


    Pro tip: Set up direct debits for your bills to come out when your pay hits your account. Automation helps makes budgeting so much easier!

  5. Avoid a financial storm

  6. Chances are you’ve heard the saying, ‘saving for a rainy day’. And with good reason. Life can have unexpected ups and downs. With USaver, you can have up to nine separate savings accounts, all of which can be personalised. Having a ‘Rainy Day Account’ could help you navigate some potentially tough financial situations, and help you avoid dipping into your travel, house, or personal savings.

  7. Digital piggy bank

    When it comes to investing your money, there’s a bunch of options out there. Some can be riskier than others. For dependable, secure investments that offer a fixed return, Term Deposits can be a great option for low-risk investing.

    We offer a range of Term Deposits to suit your needs:

    • Personal Term Deposit – Competitive interest rate, 1, 3, 4, 6, 9 or 12-month term, 0.10% p.a. loyalty bonus*
    • Personal Green Term Deposit – Matched to a portfolio of renewable energy projects, 2, 5, 7, 8, 10, or 11-month term, 0.10% p.a. loyalty bonus*
    • Self-Managed Super Fund Term Deposit – Fixed rate, 1, 3, 4, 6, 9 or 12-month term, 0.10% p.a. loyalty bonus*
  8. * You can unlock our 0.10% p.a. loyalty bonus by rolling over your savings for another term. That’s on top of our current standard rate, which is already one of the best in market!

  9. Treasure the memories

  10. While a new wardrobe or the latest tech release are super exciting purchases to think about, spending money on an experience can mean so much more in the long run. When it comes to treating yourself, take a big picture approach when you can. A weekend away with friends or that overseas family reunion will provide you with rich memories you can treasure for years. And might give you a reason to question whether you really need that third pair of kicks (that will only last a few seasons).

    Taking action and responsibility with your money now could really help set you up in the future. Whether your goals are short or long term, practice makes perfect - all you need to do is start the process.


The information contained in this article is of a general nature only. It doesn’t take account of any person’s objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate for your circumstances and seek independent legal, financial, and taxation advice.