Distinguish between your needs and your wants.
List your sources of income.
List your expenses, including what you need to save.
Subtract your expenses from your income to see what you have left.
Keep track of your monthly expenses by updating your budget regularly.
The amount you pay does not change frequently and payments are made regularly (e.g. monthly) including rent or bond repayments, school fees, insurance premiums and car repayments.
For these accounts you must give your bank notice when you want to withdraw your money.
These accounts are for short-term investments of less than 12 months.
