3 easy steps to get financially fit for 2014
New year, new you, right?
Whether you’re hitting the gym for the first time in years or you’ve decided to cut back on a certain food, there’s one area of our lives all of us can work on improving – the health of our finances. Here are 3 easy steps to help you improve the health of your finances for 2014.
1. Make sure you have the right products for your situation
Everybody’s financial situation and needs are different. Now is a good time to do a stock take of all of your financial products to find out if there are opportunities for you to be saving money. If your finances have been a little neglected by you in the last year you will need to look at whether or not you are using an account for its true purpose, whether you have any accounts you aren’t using and what products may be available and better suited to your needs.
This can be a daunting and confusing process if you do it on your own. If you’d like help drop into one of our branches or phone our Queensland based Contact Centre on 13 14 22.
Why not make 2014 the year for you to do up an effective and honest budget? If you’ve already got a budget now would be the time to review it and see where you can improve from last year. A good start is to take a look at MoneySmart’s budget planner. The planner will help to get you thinking about all the possible places your money could be going. For example, it gets you to think about how much you spend on hobbies, eating out and cigarettes to name a few. It will also take into account where your money comes from, for example, take-home pay, child support and bonuses.
3. Group your insurance products to save money (and time)
At Heritage, the more you insure with us, the more you save money. For example, if you insure your home building and contents on the same policy you will save up to 10% on your premium. If you also insure your motor vehicle together with your home building and contents policy, we’ll discount your motor policy by up to 5%+. What’s more, you’ll have all your products in the one spot which means less hassle for you.