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Article image for Financial Fitness Challenge: Week 3 - Look at yourself

Posted by LLL

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For some, the answer to this question will be hard, for others it will be a breeze.

If you could, what would you save for?

A trip, new car, house deposit, debt reduction, further education, or school fees?

Dream it, visualise it, do it.

But what if your funds are flowing from your annual income like a leaky bucket? “How will I ever be able to save for [insert dream here] when I don’t have enough to get by now?”

Ugh, we get it. It’s time to fix that leak in week four with consolidation.

Week 4

For week three, add an additional $20 a week to your savings account. By adding $20 a week to your savings, you will have an extra $1,040 over a 12-month period plus any interest earnt! A little discipline in week three will double that $520 from week two before you know it.

The LLL prides itself on providing savings accounts that are simple to operate, with a variable interest rate and no fees or charges. The LLL has a variety of savings accounts: personal and joint accounts; guardian accounts for children; and business accounts, including for self-managed super funds and not-for-profit organisations.

As an Authorised Deposit-taking Institution (ADI), the LLL is regulated under the Banking Act and by APRA.

This advice is general in nature and does not take into account your personal situation, needs or objectives. Please consider the Disclosure Documents to decide if this product is right for you.

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