How can I work my Westpac accounts to my advantage?
"I'm a big spender, but I've found a way to curb my spending
and ensure I save - I've set up a sweep-over system to
automatically transfer money into my savings account. Whenever
I make a deposit that takes my current account balance over $250,
the extra money moves into my savings account. This helps stop me
from overspending." Rae, Sales Executive
Step one: Getting started - where am I
today?
Step two: Looking ahead - where do I want to
be?
Step three: How can I make sure I stick to my
budget?
Getting to grips with Payline Split
Payline Split will help you save before you spend, by dividing your
income between your everyday account and your savings account. You
decide how much you want to spend per day, and how much you want to
save.
Get organised with
Westpac
Essentials
It gives you all you need to help bring your budget to life, and
manage your money everyday. With
Westpac Essentials you get:
- An everyday spending account
- A savings account
- Internet Banking
- A Debitplus Card
You can set up
automatic payments to coincide
with your payday, so the money you've budgeted to save, as well as
consistent expenses (ie rent) is automatically transferred as soon
as you are paid. You can't spend your bill money if it's
already gone!
Are you sick of being hounded by pesky bills? Use
direct
debits to pay bills that vary from payment to payment (ie
power, phone) or an automatic payment for bills that are a set
amount each time. It's easy and cheaper to set up both direct
debits and automatic payments through online banking.
Handy hint: Remember, you need to have money
in your account when the payment is due to go out.
Want to maximise your saving? Westpac's handy
Sweep over
system will keep your current account at a consistent
level. If you make a deposit that increases your account balance
above a set level, the extra money will be swept into your savings
account, helping you save, and helping make sure you don't
overspend.
A high interest saving account with increased
withdrawal fees will help you remove the temptation to spend
money.
Click here
for
Westpac accounts and services at a glance.
Watch the video
Click here
to watch Nicci,
Marina and Rae discuss their budgeting tips.
The content of Talking Money Sense is general in
nature, is designed for information purposes only and is not
intended to constitute financial or other advice. Information is
subject to change. Terms, conditions, fees and charges apply to
Westpac products and services. See
www.westpac.co.nz
or call into
your nearest Westpac branch for details. You can get a copy of the
current disclosure statement for Westpac New Zealand Ltd from any
Westpac branch in New Zealand free of charge. Westpac New Zealand
Ltd.
