The Australian Government provides a money-management site that is useful to people around the world. Understanding Money encourages readers to adopt a three-point approach to their finances:

  1. Prepare a budget plan - work out how much you earn and what you spend it on, to help you see where you could make changes.
  2. Set some financial goals - they don’t have to be big, but they’ll help you see what you could gain by being better with your money.
  3. Get into the savings habit - once you’ve set some goals, try to save regularly and as much as you can to meet your goals.

Understanding Money includes a free, downloadable budget planner in Excel format; a financial health check with links to financial literacy resources; and a free, downloadable money handbook in PDF format. Though some of the details (such as the types of retirement programs) are Australia-specific, the concepts are applicable to anyone, anywhere.

[Australian Government: Understanding money]

GRS is committed to helping our readers save and achieve their financial goals. Savings interest rates may be low, but that is all the more reason to shop for the best rate. Find the highest savings interest rates and CD rates from Synchrony Bank, Ally Bank, GE Capital Bank, and more.