Whether you’ve just drained all of your savings due to COVID 19 or if you are just starting out and need to put some money away for a rainy day here are some tips.

There is real power in knowing that you have the funds to rely on if you have unexpected expenses, or a job loss in the future.

  • Set up a separate savings account and set up an automatic transfer.
  • Pay yourself first – put some money away before you pay anything else instead of waiting to put away what you have left over.
  • Make savings a part of your budget.
  • Start your savings by selling something you no longer need or start a side hustle to increase your income.
  • Some savings accounts let you round up your daily transactions to the nearest $1 or $5 – the change then goes directly to your savings account.
  • Even if you can only save a little, make a start and keep saving.
  • If you put $20 per week into a savings account you will have $1040 by the end of the year.
  • Try putting all of your gold coins into a jar – you’ll be surprised how quickly they add up.
  • If you have a regular income try directing 10% into your savings each pay day.
  • A good target is to have enough in your emergency fund to cover three months of expenses.


  • Guide you through your options and help you plan your way out of debt.
  • Help you if you have infringement debt that you are struggling to pay.
  • Do a full assessment of your financial situation – including regular income and expenditure, assets and liabilities – to help you fully understand your financial position, create a budget and put a plan into place.
  • Provide advice about what options, rights and responsibilities you may have regarding debts.
  • Refer you to other services you may need, such as legal services, crisis food and accommodation services, and health services.
  • Provide information and advice about credit and debt-related matters.
  • Work out a realistic payment plan for debts.
  • Help you to lodge complaints with various ombudsman schemes if you feel you are not being treated fairly and work out whether you should have been given a loan in the first place.

To schedule an appointment with a DUSA Financial Counsellor call 9246 8615.