21 FebHESTA’s top cashflow tips
With the cost of living continuing to challenge many of us, HESTA is sharing its top tips for making your dollars go further.
Take a close look at your expenses
The first step is to work out what your current expenses are, and whether they’re fixed or flexible. Are you paying more than you need to for energy, internet, subscription TV or gym memberships? You can start crunching the numbers with these handy tools from Moneysmart :
Find your flex
Banks can be more flexible than you might think in helping customers facing a tough time. Utilities providers, including energy and water, often offer flexible payment plans where you can pay in instalments.
Pick up extra work
Many industries across Australia are facing staff shortages. If you have the time, you could take advantage of the vacancies by picking up some extra shifts at your existing job, starting a new side hustle, or doing some freelance work if you have a specialised skill set.
Sell unwanted items and buy preloved
Your trash could be someone else’s treasure. You can sell items at little or no cost to you online. Equally, someone else’s preloved goods could be just what you’re looking for – and often at a fraction of the cost of buying new.
Look for freebies
Saving doesn’t mean you have to stop enjoying the fun things in life. Consider taking advantage of free events near you. Check your local council website or social media to find exhibitions, tours, classes and more.
Find more information and support from HESTA.
Issued by H.E.S.T. Australia Ltd ABN 66 006 818 895 AFSL 235249, the Trustee of HESTA ABN 64 971 749 321. This information is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this. The target market determination for HESTA products can be found at hesta.com.au/tmd and for HESTA for Mercy products at hestaformercy.com.au/tmd. Before making a decision about HESTA or HESTA for Mercy products you should read the relevant Product Disclosure Statement (for a copy HESTA – call 1800 813 327 or visit hesta.com.au/pds; HESTA for Mercy – call 1300 368 891 or visit hestaformercy.com.au) and consider any relevant risks (visit hesta.com.au/pds or hestaformercy.com.au/pds). © Copyright H.E.S.T. Australia Limited 2024.
