Money tips

How to save money for your New Year’s resolutions

3 min read

Money tips

How to save money for your New Year’s resolutions

3 min read

The New Year is for new beginnings. It’s a great time to make resolutions for the year ahead. Saving more is one of the most common New Year’s resolutions, whether you’re hoping to buy your first home or enjoy an early retirement. We’ve put together some top savings tips to help you stick to your plan and achieve your goals.

Make saving something you do all year long

Stay motivated and keep on top of your resolutions by making a year-long plan that breaks your savings goal into smaller, achievable targets - Rome wasn’t built in a day! 

Start by dedicating a certain percentage of your monthly wage towards your New Year’s resolution. If you find you’re hitting your target easily, consider upping the amount you save. 

Create dedicated savings accounts just for your New Year’s resolutions

It makes sense to keep your savings separate from your day-to-day transactions. Even better,  having separate savings accounts for different goals can help you get a better picture of how you’re tracking. 

With a Suncorp Bank Everyday Options Account, you can open up to 9 sub-accounts. For example, you could have one sub-account to save for an emergency fund and one for a house deposit. Better yet, each sub-account gives you access to flexiRates, which lets you lock in a higher interest rate on balances for up to 12 months.

Learn about our Everyday Accounts

Published 1 January 2022

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