Don’t pay fees on your bank account

Don't pay bank fees. The banks have no-fee accounts, so ask. If your bank has too many conditions attached to fee free banking, such as the number of free withdrawals, then go to a website such as and check out the range of fee-free accounts.

Since government reforms, it's easy to move accounts, regular direct debits and all, between banks.

And restrict your use of ATMs. Take the cash-out option when you do the weekly shop.

Source: The Age