You know there’s nothing we love more than planning, and if there’s ever the perfect time of year to plan, it’s now. With Christmas around the corner and a New Year fast approaching we can set in motion a Financial Plan that’ll ensure you avoid the pitfalls of over-indulging this festive season (We mean financially. With the Turkey anything goes!)
As with everything we do here at Finance 365, we want to find more and better ways to improve your financial habits, plans and savings. New Year’s Resolutions - it is possible to keep them past January so let's set you achievable financial targets, together.
To get you on track and give you a head start, we've put together our top tips to see you through the merriest time of the year.
Setting Smart Goals
‘Saving money’ or ‘buying a house’ are actually pretty vague goals when it comes down to the nitty gritty. If your main goal is to save money then set yourself an attainable amount to have in your bank account by the end of next year. Achievements don't happen overnight so you'll need to be patient! Same goes for buying a house; give yourself a practical window of time to save in and set honest limitations on how far you can stretch with the deposit.
Calculate, Calculate, Calculate
If it’s a new home you’re saving for and you’ve got the budget set then it’s time to use our brilliant Mortgage Repayment Calculator. You’ll see how much you’ll be paying out a month and it’ll help set genuine expectations for what you ought to be saving and get you off to a great start towards your savings goal. Too easy.
Automate Those Savings
It's important you spring into action with your saving because no plan will work without it. Set up a savings account with your bank and from there set up an automatic transfer for every payday so that a predetermined amount goes straight to your savings. Start with an amount you can afford to go without each month. This will add up to sizeable savings by the end of the year, and you’ll have a great foundation to build on. It'll absolutely be worth it!
Review and Adjust
We don’t just wave you off into the sunset once we're done and dusted. We’ll keep revisiting your finances so we know if and when you need to adjust; be it your goals or even your lender. Our expert brokers will meet with you every 6 - 12 months to assess where you’re at and keep you on track. You’d be surprised how common it is to find yourself with a loan, mortgage or finance contract that’s years old and costing you more than it needs to.
We’re here to make sure you’re financially prepared for the year ahead. That way, you can stay one step ahead of the curve.
Contact us on firstname.lastname@example.org or call (08) 6200 0269 to see how we can help.