Top Five tips from the My Money Matters Course
1. Recognise if purchases are needs or wants. There doesn’t need to be any judgement about the spending being good or bad but identifying if you need it or just want it can help to explore saving opportunities. 2. Don’t be afraid to ask for a better deal. Sometimes costs such as utilities can be reduced by researching competitor’s deals and then contacting your provider to request a price match. 3. Recognise spending leaks. These are items that don’t cost very much but purchased regularly add up to substantial amounts. For example, a daily cup of coffee purchased at a café can cost over $30 a week. 4. Do a budget. This is just a list of your income and itemised spending and using a bank statement can help. Knowing exactly how much you earn and how you spend this money is the best way to start a savings plan. 5. Set a SMART savings goal. This is a goal that is specific, measurable, achievable, relevant and time measurable. For example – “I want to save $1000 over the next 12 months by reducing spending on takeaway food and opening a savings account.” In this goal I have identified the amount I want to save, how I will save and when I want to save it by. I can then break this down to expect to save $85 per month and track my progress each month to make sure it is achievable.
Women’s Health Week was celebrated this year with lunch and learning. A group of residents and some great guest presenters came together in Wauwi Inparrila – the new community space on Mellor St. This year’s Women’s Health Week theme was to ‘grow your knowledge’ with residents treated to presentations on dental health, the importance of breast screening, hepatitis testing and much more. There were many great questions asked and answered, and lots of great food too. A huge thank you to Hepatitis SA, the Women’s Information Service and BreastScreen SA - as well as the Dental Clinic at Common Ground for their time - it’s always great to see women supporting women! Be sure to check out https://www.jeanhailes.org. au/womens-health-week for some great articles covering all aspects of women’s health. Women’s health matters
We will continue to facilitate My Money Matters Courses for Housing Choices SA residents. Please contact the Inclusive Communities Team if you would like to learn more about taking control of your finances.
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