Money in motion

Our hints and tips

• Never gamble in any form from desperation. It's fine to buy lottery tickets or play pokies if you have some cash to spare and can just enjoy it as a form of entertainment. But never bet on anything when it matters, when you have a feeling of 'I have to win'.
• Ensure when you create a budget that you are realistic about what matters to you. It can be a good opportunity to review and reconsider your spending habits, but be realistic in the expectations you set yourself. Otherwise you are just setting yourself up to fail.
• Avoid credit unless it is for the purchase of an appreciating asset such as a house, and even then be careful not to over-commit yourself. Discipline yourself to save for the items you want and then buy them. You'll save yourself a lot of money and make better purchasing decisions when you are actually handing over cash to buy something. 
• Be conscious of your spending but not obsessed with it. An abundance mindset will serve you much better than a scarcity mindset, but that doesn't mean being careless or wasteful with your money. Be relaxed and confident about your financial wellbeing but not reckless with your money.

Useful links

3 Quick Tips to Raising Money Smart Kids

25 Tips on How to Save Money Fast

20 Quick Tips - Everything You Need to Know About Money