• Have a Budget:

Always spend less than you earn. When you can see your true financial position, you are less likely to live beyond your means.

• Keep your savings on your mortgage

Save any additional funds you have on your mortgage account so that it can reduce your interest repayments, while still being available for you to access when you want.

• Put incomes in the offset account

Deposit your income directly into an offset account so that it can lower your interest payments.

• Pay yourself first

Pay yourself 10% of your income first and then live off the rest. This creates forced savings with extra money accruing (hopefully).

• Review your expenses regularly

Check your mobile phone, utilities and other bill carriers and negotiate a better deal. Research before you, go shopping and eliminate any unnecessary costs.

• Find a coach or mentor

Finding a really good coach or mentor can possibly be the best investment you can ever make. There has never been a sporting star that didn’t have a coach to help them achieve their goals.