We all know the importance of being good with money. There’s no point earning enough to get by then flittering it away on useless items. But, on the flipside, we need to know what is worth spending money on and make wise decisions.

Being good with money is more than most of us think. It isn’t simply restraining from spending; it’s about where we save our money, how we transfer it and what we do when we’re abroad. So, what steps can you follow to be better with money?

Compare rates

When sending money abroad, it’s important to know the exchange rates and fees. We all want to get the most out of our money and make sure the recipient does, too. So, use https://www.thecurrencyshop.com.au/international-money-transfers to make sure that you are getting the best deal.

Go online

Being good with money means something different now than twenty years ago, as banking is online. While you might enjoy receiving paper statements, they aren’t environmentally friendly and you won’t be on top of your finances. If you’re worried about going online, speak to your bank. There are plenty of ways to invest your money online, too. 


Investing money is great for the long-term. This is because inflation can seriously affect the value of cash, in a way that it can’t if you have invested the money into something physical. If you’re interested, research types of investments that might benefit you. This might involve stocks, properties or mutual funds.

Get an app

While many people like to use online banking on their laptops or computers, you can be better with money by getting an app. This means that you can move money or make payments on the go. Many apps also allow you to set up alerts or restrictions on your money, so you aren’t tempted to spend more than you should. Do your research beforehand and find an app that works for you.

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Lifestyle restrictions

Ok, so being better with money might involve restricting yourself a little. There are many ways to save money and spend more wisely. Preparing food and bringing it to work instead of buying lunch every day, restricting the number of coffees you buy or walking to work instead of driving are good places to start. You’ll be surprised to see how much you can save from small changes.


Budgeting may seem complicated, but it’s straight forward once you get into the habit. The best way to budget is to be month-by-month specific. Start off by identifying your income, entering your fixed expenses and then your common monthly expenses. Set monthly goals and try to beat them.

30 day rule

The 30 day rule is a part of budgeting. It’s a simple concept. If you see something you want to buy, restrain for 30 days and deposit the money into your savings. If you’re still thinking about buying it after 30 days, go for it. If not, you know it wouldn’t have been a worthwhile purchase.