Scott’s Top 15 Tips to start controlling your money

Control your money

Over the years we have picked up quite a few things on how we as human beings simply waste money in so many ways.

With so much uncertainty with what lays ahead in the future that is out of our control why not control what is in fact completely in our control? Yet so many of us simply don’t get around to it or don’t know where or what to start on.

Here is a list across all financial spectrums with my Top 5 Tips which you can apply to your life, some even immediately.


Cutting up the credit card is the FIRST thing I get all my clients to do!

1. Cut up the credit card, NOW! You can do everything on a Visa Debit card that you can with a credit card – yet you’re using your own money not borrowed money with interest. If you have credit card debt, you are essentially spending money you don’t have and will no doubt be paying a high interest rate for that so-called ‘privilege’. Go get the scissors!

2. Ensure you’re not paying any transaction or account keeping fees – there are plenty of no-fee accounts on offer and you can generally sign up online so you don’t even need to leave the couch!

3. Make sure you’re not paying fees to get cash out via EFTPOS or at the ATM. Why would you ever donate the $2 ATM fee to your bank? Only 10 ATM withdrawals is $20 in your pocket.

4. Check your direct debits, so many people are still paying for things that they completely forgot existed. Go through your bank statements and cancel anything you don’t need or use anymore!

5. Look into a balance transfer for your current credit card or personal loan debt, and don’t forget to cut the old AND new card up immediately!

Super & Retirement

1. Review all your insurance policies – home & contents, car and health – annually to make sure you are a) covered for what you need and b) are paying the minimum or getting the best value.

2. Check to see if you have any lost or unclaimed super simply by visiting the ATO’s SuperSeeker website or contacting your super fund.

3. If you have multiple super accounts consolidate them to minimise the fees and insurance you are paying.

4. Increase your super contributions you may even be able to salary sacrifice into your super account, even an extra $50 per week can make a huge difference to your final figure.

5. Seek advice from your advisor for strategies relevant to you at your stage of life. Don’t have an advisor? Register now for a free Money Coaching Session.


1. Never ever buy a new car! Cars lose 70% of their value within the first five years – why would you ever buy a depreciating asset? If you MUST buy a car, look at a 4-5 year old car which has already lost the majority of it’s value yet is still in good shape.

2. Reduce debts that have the highest interest rates first.

3. Do not go further into debt with more loans. If you can’t get ahead now you will never get ahead with more debt to pay each and every month.

Bonus-ebook-24. Consolidating all your debts into one loan may increase your cash flow which can then be used to pay towards your biggest debt, the home loan. Want to increase your cash flow NOW? Download my eBook here –>

5.Before refinancing to a “cheaper rate” make sure you consider the total overall cost of a loan, a second opinion can never hurt to make sure all your needs are being met.


Do This Right Now


Spending PlanThe number 1 tip which you can implement immediately would be to go through a spending plan. You’ll be amazed at what you find once you are made more conscious of exactly where you’re money is going!

Don’t put it in the too hard basket and start taking control of areas in your life that you can control today!  We’ve created an online form that you can fill out now, so we can help you put together your plan.



Scott_HeadshotScott Parry is one of Australia’s leading financial entrepreneurs, helping everyday Australians achieve a debt-free lifestyle. His unique cashflow management program, Crown Money Management, has been featured on Today Tonight, A Current Affair, and in various media publications. He was named as one of INTHEBLACK’s Young Business Leaders of 2013 for his commercial and philanthropic efforts in Australia. Scott is a passionate supporter of Starlight Foundation, RSPCA, Bravehearts Foundation and Awareness Cambodia. 

*Comparison rates are calculated on the basis of secured credit of $150,000 over a 25 year term. Please note this comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.