
Australians struggling to pay bills and have an emergency fund, says NAB
The cost-of-living continues to rise and a new NAB research says that many people find saving challenging due to debt repayments, bills and everyday spending.

The cost-of-living continues to rise and a new NAB research says that many people find saving challenging due to debt repayments, bills and everyday spending.

Well it's finally happened! The international borders are open, masks and working from home mandates have lifted, sports and outdoor activities are back on–but what does that mean for your finances?

It’s not a secret that people’s incomes were impacted over the last two years with the months we spent in lockdown, but recent findings show that the pandemic has helped increase Australians’ desire to save.

We’ve all been told that we should save money, whether it's for a new car, a holiday to Japan or simply to have in case of emergencies. And 60% of Australians have some kind of savings in their budget, says a recent survey from NAB.

Love it or loathe it, Valentine’s Day is right around the corner. It’s that time when stores suddenly become excruciatingly pink and are more inclined to display their chocolate selection. And for those who prefer to be sweet and not salty on Valentine’s Day, it can often feel like our savings are left feeling heartbroken.

If you’re anything like me, you’ve felt pretty chuffed to be in a position to work from home on and off during the last two years of pandemic-induced uncertainty. From a health perspective, being able to reduce potential exposure to Covid has been very reassuring.

If you want to save money towards something specific then maybe you should give sinking funds a try.

Whether it's for an emergency fund, a home deposit or an upcoming vacation, saving money doesn’t have to be a boring task. There are many saving challenges you can try to reach your goal in an exciting manner.

With a new year and a new financially conscious you, it might be time to finally set up that budget you’ve been thinking about but never put into action so you can save up for something big in 2022.

It’s the start of the new year and what better time to put into practice some new money habits that could see you ditching debt for good or sending your savings skyrocketing.