How to simplify and save

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Do you have several credit cards, a car loan and some personal loans?
It may be in your interest to gather all these debts together into one loan.

This can result in lower fees and a better interest rate -
not forgetting just make life simple.
Get in touch to see if this would work for you.
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​We will help you to conduct an initial Budget Planning exercise and then work with you throughout the year to review your portfolio and make adjustments as required to suit the changing circumstances of you and the market - whether positive or negative. This way you have continual peace of mind that your overall finance package is always being optimised. 

Cut back on the extras
The easiest way to see where you can cut back is by doing a budget. Write down your essential costs, such as rent, bills and food, and subtract this amount from your income. What is left over is what you could potentially use to make extra repayments on your debts. You can use our budget calculator to help you break down where it is all going and where you are spending on things that don’t matter.



Click here to download a free copy of Citrus Finance's budget spreadsheet to get you started.




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Tracking your personal expenses
Give yourself some leeway - if your budget is too tight, it will be harder to reach your target. So don't cut out all your fun expenses. It's a good idea to set smaller savings goals along the way and reward yourself with low-cost things you enjoy when you achieve them.

Small changes can make a big difference to your bank balance. Change one thing you do regularly and you could save money. Some examples are:
  • Give up drinking coffee or cut down on alcohol - it may sound scary but it will save you money and can have health benefits.
  • Cancel your gym membership and try cheap or free ways to get fit instead.
  • Make your lunch at home.
  • Have people over for dinner rather than going out and ask everyone to bring a plate of food.
  • Borrow books and DVDs from the library.
  • Lock up your credit card or pause it for a month and only pay for things with cash.
  • Get into the habit of checking your bank statements.
  • Set a limit for birthday and Christmas presents or do a Secret Santa so you are only buying one great present.
  • Share gardening tools and equipment with your neighbours rather than each buying one of everything.


Note. The information provided above is general advice. For advice specific to you and your situation speak to Citrus Finance before deciding on the best course of action.

Further information needed?

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​If you are confused about financial jargon and the best options for you head to our Information Hub for lots of helpful articles.

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