The New Year is the perfect time to take a fresh look at your finances.
- Start tracking your spending
It doesn’t sound like fun, but if you don’t know where your money goes, it’s impossible to understand your spending patterns and identify habits that are making it harder to achieve your financial goals. With the ability to simply “tap” it often feels like we aren’t parting with our money and we can quickly lose our sense of just how much we are spending and on what. To get started, try the Australian Government’s MoneySmart budget planner – you might just be amazed at where your money goes!
- Do a subscription audit
Do a review of all your subscriptions – whether it be TV, music, shopping, fitness, food delivery services and more, these subscriptions can creep up on us very quickly. Do a quick check to make sure you are still using all your subscriptions and that they continue to represent good value.
- Sort your super strategy
Whether you have your super in multiple places, don’t know where your super is, don’t have super at all yet, or you accessed your super during COVID, it’s time to work out your plan going forward. Super is “super important” and it’s vital that you ensure that you are making the most of your super contribution and not having your balance eaten away by fees. Make an appointment with us to review your super situation and work out an effective strategy for the future.
- Review your home loan
Interest rates have remained at record lows, so if you have a home loan and haven’t already done so, make sure you speak to Presidio Finance Consulting about a more competitive interest rate.
- Do a provider review
Are you still getting the best deal from your electricity provider? Or your health insurer or car insurer? It’s easy to fall into the habit of simply paying our renewals and bills without ever asking the question of whether there is something more these providers can do for us. For the sake of a few minutes for each provider, it’s certainly worth asking the question!
We are all about helping you achieve your financial goals so if you have any questions please contact us.
The material on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this website is General Advice and does not take into account any person's particular investment objectives, financial situation and particular needs. Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this website are provided for illustrative purposes only. Although every effort has been made to verify the accuracy of the information contained on this website, Infocus, its officers, representatives, employees and agents disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this website or any loss or damage suffered by any person directly or indirectly through relying on this information.