I raised 3 children as a single mum, I worked fulltime and paid a mortgage as I did not want to be at the mercy of a landlord or have to shift every six months, but now I have an illness which has had a devastating effect on my life so my retired husband and myself are on a fixed income, but I am very savvy with our money, I put $20 a fortnight in an acct that I have had for 20 years to keep the acct open, this comes to about $500 a year which we use for extras at Christmas, I put $200 per fortnight in another online acct that lets me transfer it back to our normal acct and I use this to pay our big bill, like insurance, car rego, council rates etc, this builds up to several thousands depending on the time of the year as bills do not seem to come in at nice intervals, I also put another $200 in a goal saver which pays a high interest if you do not take any money out, I have done this for just over 12 mnths now and have managed to save about 6k, I have no plans for this money and just started it to see if we could cope with it and we do not notice it because it is not in our normal account and we do not see it, we do have a term deposit and I think I will add it to that next time it becomes due but I am quite proud that I have saved this money without any real effort. basically if u cant see it u cant spend it. and I like the idea of being able to access several thousand dollars without any problems,

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Published 26th February 2020


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