When you’re on a tight budget – perhaps because you’re a student, are unemployed, on a low income or on Centrelink benefits – every cent counts. It’s important you stay on top of your money management and where you’re spending it.
Here’s some money management tips for keeping track of your cash
Check your bank statement
The ‘tap and go’ era makes it all too easy to drain your bank account dry in a flash, without even realising it.
It’s important that you check your bank statements regularly to review every transaction.
If you’re a smartphone user, install your bank’s app so you can regularly log in and view your account activity.
Not only is this a great way to quickly identify any dodgy or unauthorised withdrawals, it will also help your understand where you might be spending too much and could potentially save some cash.