WAW Internet Banking Internet Banking
  • Loan
  • Transact
  • Save
  • Invest
  • Plan
  • Insurance
  • About Us
  • Support
  • Blog
  • Contact Us
  • Internet Banking
Apply Calculators Interest Rates
  • Internet Banking
  • Call Us
  • Enquire
  • Interest Rates
  • Calculators
  • Contact

Latest Banking and Financial News and Updates

//Blog
  • All
  • Announcements
  • Community
  • Security
  • Finance
Community 01/Jul/2025

July 2025 SmartLINK Newsletter

Read More
July 2025 SmartLINK Newsletter

Community 16/Dec/2024

January 2025 SmartLINK Newsletter

Read More
January 2025 SmartLINK Newsletter

Finance 27/Nov/2024

Manage your money with these free apps

It is great to check your account balance and pay bills quickly with the BankWAW app or pay with your digital wallet at checkout. It is also nice that there is a range of apps out there that can help you budget and manage your money. We provide some examples of apps that can help you manage your money.

Read More
Manage your money with these free apps

Finance 06/Sep/2024

Leading With Purpose

Michael Mack, CEO of BankWAW, recently joined a delegation of 39 representatives from 25 customer-owned banks at Parliament House in Canberra to represent the voice of their customers and assert their leadership role in a landscape often dominated by the big four banks. The visit provided a crucial opportunity for industry leaders to engage directly with senior officials, including Treasurer Jim Chalmers MP, Assistant Treasurer Stephen Jones MP, and other Members of Parliament.

Read More
Leading With Purpose

Security 30/Aug/2024

A job offer that is too good to be true

While reported job scam losses have shown a slight decline this year, the threat remains significant with Scamwatch reporting $6.4 million in losses to employment scams. Here are some tips on how to spot and avoid employment scams.

Read More
A job offer that is too good to be true

Teaching children the value of saving

Thursday, March 26, 2020 / Community

Here's our top tips for helping smaller people get their money smarts. 

1. Help them to set a savings goal

You might like to help your children set their own achievable savings targets rather than setting targets for them. If they have set their own targets, they will be more likely to want to work towards them. Key to this is ensuring that the goal is within reach – perhaps they might want to try and save up for something special, e.g. a piece of sports equipment, a particular gadget, or a video game.

2. Help them to build a plan

Once they have set a goal, you can work with them to build a plan around how to get there. Help them understand how much needs to be saved each week and each month in order to ultimately meet the goal. This also provides a great opportunity to do some maths calculations as a team!

3. Help them to stay focused on their financial goals

Staying focused will likely be the most challenging part, as children may lose interest over the prospect over savings targets. Think of creative ways to maintain a high level of interest in the activity. For instance, you might like to make up a visual guide of where they are in their savings goals and stick it to the fridge, so that they are reminded of how close they are to meeting their goal. If their goal is still a way off, you may like to consider incentivising them with smaller rewards along the way, ensuring that their savings experience is a positive one.

4. Celebrating when a goal is reached

Acknowledge the big day and ensure that your child receives an appropriate amount of positive reinforcement for reaching their goal. That said, it is also important that children understand that saving is an ongoing process and doesn’t end once a goal has been met. This is an important lesson to instil from a young age.

The WAW Star Saver account is the perfect way to get your children started in financial literacy.  With a great bonus interest rate for regular deposits, you can work with your children in learning the necessary valuable skills for saving and money management.

Please login or register to post comments.
Community 01/Jul/2025

July 2025 SmartLINK Newsletter

Read More
July 2025 SmartLINK Newsletter

Community 16/Dec/2024

January 2025 SmartLINK Newsletter

Read More
January 2025 SmartLINK Newsletter

Community 01/Jul/2024

July 2024 SmartLINK Newsletter

Read More
July 2024 SmartLINK Newsletter

Community 28/May/2024

House prices in northeast Victoria and southern New South Wales

In this article we examine the house prices in our service region, what is changed over the past year, and especially what it means if you are looking to buy a new or another home.

Read More
House prices in northeast Victoria and southern New South Wales

Community 01/Jan/2024

January SmartLINK Newsletter

Read More
January SmartLINK Newsletter

Security 30/Aug/2024

A job offer that is too good to be true

While reported job scam losses have shown a slight decline this year, the threat remains significant with Scamwatch reporting $6.4 million in losses to employment scams. Here are some tips on how to spot and avoid employment scams.

Read More
A job offer that is too good to be true

Security 29/Aug/2024

When the perfect home turns out to be a scam

Finding a place to call home can be stressful and overwhelming. Unfortunately, scammers are using this situation to prey on unsuspecting renters.

Read More
When the perfect home turns out to be a scam

Security 28/Aug/2024

Oww.. what a cute puppy! Pet scams

Pet scams have been around for years but have become more prevalent as sellers and breeders have shifted online, and demand and prices for pets have increased. Here is how they work, and how to recognise them.

Read More
Oww.. what a cute puppy! Pet scams

Security 27/Aug/2024

Investment scams: the promise of skyrocketing returns

Investment scams top the list when it comes to scam losses in Australia. Even though they are going down, there was still $80 million lost so far this year according to Scamwatch data. So, what is an investment scam, and how can you spot and avoid them?

Read More
Investment scams: the promise of skyrocketing returns

Security 26/Aug/2024

How to spot and avoid phishing in texts, emails and calls

Texts, emails and calls are scammers' favourite tools. Scamwatch data reveals these are the top three ways scammers contact victims to obtain their sensitive information. Here are our tips to outsmart phishing scams.

Read More
How to spot and avoid phishing in texts, emails and calls

Finance 27/Nov/2024

Manage your money with these free apps

It is great to check your account balance and pay bills quickly with the BankWAW app or pay with your digital wallet at checkout. It is also nice that there is a range of apps out there that can help you budget and manage your money. We provide some examples of apps that can help you manage your money.

Read More
Manage your money with these free apps

Finance 06/Sep/2024

Leading With Purpose

Michael Mack, CEO of BankWAW, recently joined a delegation of 39 representatives from 25 customer-owned banks at Parliament House in Canberra to represent the voice of their customers and assert their leadership role in a landscape often dominated by the big four banks. The visit provided a crucial opportunity for industry leaders to engage directly with senior officials, including Treasurer Jim Chalmers MP, Assistant Treasurer Stephen Jones MP, and other Members of Parliament.

Read More
Leading With Purpose

Finance 29/Jun/2021

How you can stay safe online at tax time...

The end of the financial year can be a stressful time, and there are usually a bunch of criminals waiting for you to slip up and fall into their scams. 

Most people expect to hear from the Australian Taxation Office (ATO), so you should always expect the unexpected, and consider whether you're being contacted by someone legitimate or by a criminal who is out to get their hands on your personal details and hard-earned money.  

Read More
How you can stay safe online at tax time...

Finance 23/Jun/2021

Owning your first home might be easier than you think...

WAW have been in the home loan game for more than fifty years, so we've helped our fair share of first home buyers to get a leg-up.  

We've rounded up a bunch of great financial schemes and hot tips that can help you to get started.  

Read More
Owning your first home might be easier than you think...

Finance 26/Sep/2020

Making financial decisions during COVID-19

It’s been a difficult time for many people in our communities, with the impact of COVID-19 and the associated shutdowns having a major impact on individuals, businesses and regions.

Read More
Making financial decisions during COVID-19

We value your privacy. We use cookies to improve this website and our marketing in accordance with our privacy policy.
Reject all Manage Cookies Accept all

Ask us anything!

We love customer service and we're really good at it! Let us help you today!

1300 368 555

Speak to a real person

Email us

Send us an email

Service Centres

Find a nearby centre
WAW
Loan Transact Save Invest Plan Blog Insurance

BankWAW is the registered business name of WAW Credit Union Co-operative Limited

© 2022 Copyright WAW Credit Union Co-Operative Ltd.

ABN: 48 087 651 787.

BSB: 803 070.

AFSL & Australian Credit

Licence: 247298.

Website Terms & Conditions, Manage Cookies, Privacy Policy, General Advice Warning, BankWAW Financial Services Guide, BankWAW Product Disclosure Statement, Internet Banking Terms & Conditions