Page 51 - Women’s Health - Australia (February 2020)
P. 51
Stop Before ● THINK SMALL,
You Spend WIN BIG
Ever wondered where your If you find saving boring, you’re
doing it wrong. Instead of setting
salary has disappeared to
A l l e y e s a week after payday? You one big target (such as saving for
o n y o u r a house deposit), break it down
d o ll a r need Campbell’s money
mantra, ‘Love, value, use and into mini goals (ie, saving an extra
appreciate.’ “How often do we $1000 a month), with mini rewards
mindlessly swipe or tap?” she attached. Then, “track and monitor
says. “It’s about being mindful the process, thinking about what
in the way you use money, so it new goals you want to achieve next,”
brings value into your life.” Use says Campbell. You’ll feel proud each
the mantra to check in before time you hit your goal, and you can
you make a purchase – will it treat yo’self while building wealth.
bring you value, usefulness or
joy? “Doing this adds to your ● ATTRACT
self-worth because you feel like THE BUTTERFLY
you’re being more respectful
to yourself and your future.” Manifesting money is for real,
kids. Just think of it as a beautiful
$ 500 butterfly. “If you chase the butterfly,
it’s going to fly away. If you learn to
sit still and be calm, that butterfly is
you, Campbell explains. “It doesn’t
That’s all you need to start investing more likely to come and fly around
in shares and building a passive mean you just sit and meditate and
income to boost your wealth. money falls out of nowhere. It’s
“You don’t need to invest your about putting the right actions in
life savings,” says Campbell, but place, and having trust. All sorts
you do need to do your research,
“Watch tutorials … and don’t do of things happen when you open
anything unless you understand it.” yourself up to the flow of money.” wh
● SET BUDGET Divide and Conquer
BOUNDARIES
Yes, the good ol’ budget is key, but Splitting your money into a few key accounts will help you
it doesn’t have to be punishingly manage your cash flow, says Campbell. Keep them with
MORTGAGE CHOICE. PHOTOGRAPHY: GETTY IMAGES *FINANCIAL FITNESS WHITEPAPER, COMMISSIONED BY you can create healthy spending “This might be for a holiday,” LIFE & EMERGENCY ACCOUNT
the one bank so you can track your bucks at a glance.
tight. “It’s about being aware of
where you spend your money, so
FINANCIAL GOAL ACCOUNT
EVERYDAY ACCOUNT
“This is to save money to
Use it to take care
boundaries,” explains Campbell.
invest, or for a deposit on
of stuff like food,
That might be allocating $150
an investment property.”
rent and phone bills.
a month to spend on clothes or
$100 each week on going out.
LIFESTYLE GOAL ACCOUNT
“You then have the option to follow
Keep a tidy sum separate for
that, or you can save that money.
unexpected expenses and
says Campbell, or it could be
But it’s not about saying, ‘no, you
for a new car or handbag.
big annual bills such as rego.
can’t go shopping anymore.’”
FEBRUARY 2020 womenshealth.com.au 51
