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How to Enjoy a Brighter Financial Future

For many people, it’s easier to put the task of sorting out finances to the side lines and concentrate on other things; after all, it can be much easier to put all of the bills into a drawer and forget about them. However, there are a few simple ways to keep on top of all of your outgoings, so that you can enjoy a brighter financial future.

Step 1: Make yourself a financial plan

For many individuals, happiness comes with a fair balance of work, health, social life and (last but not least) financial security. Generally, one of the best ways to help manage debts and save cash at the same time, all while enjoying all that life has to offer, is to make a plan to keep track of your finances.

Step 2: Make sure you have the correct insurance

Unfortunately, under insurance is a significant issue for individuals across Australia. For this reason, if you want to ensure that you and your loved one’s health, possessions and more are properly insured, you need to check your policies and update any that aren’t offering what you need. Often, putting away money whenever you’re able, can be a great way to give yourself a little extra cash in the event that anything goes wrong.

Step 3: Make a realistic budget

To ensure a successful financial plan, having a fair budget will help you to keep on top of how much you spend. Often to save money, you need to know where you’re spending it – and what you could forego to save a little extra cash here and there.

To understand your current spending habits, write a list of the money that you bring in and regularly pay out. When you’ve got a better idea of how much you’re earning and spending on average, you can start to consider where you could save.

Once you are able to make small amendments (such as eating out less), try to set yourself a financial goal. Saving up fora house, a holiday, or even for Christmas can help you to create a reliable budget – as long as your goal is realistic and not too ambitious.

In general, creating a savings account where you can transfer a small amount of money regularly is a great way to save cash. You could use ANZ Money Manager or Budget Planner to help you if you’re not too sure on where to start.

Step 4: Start investing for your future

For most individuals, one of the most crucial parts of investment (particularly superannuation) is getting to grips with the processes involved – as this can make a huge difference in the future.In most cases, you could help to improve your taxes and add even more to your retirement savings by putting a plan in place now.

There are a range of different plans that are easy to understand, too – which can help you to get the most from your cash, whilst minimising your worries if you’re not too keen on the idea of investing in certain products. For most, regular investments can be beneficial.

So, if you want to start making your way to a brighter financial future, get in touch with our Financial Planner today.

Lindale Insurances Pty ltd ATF Lindale Insurances Trust ABN 27 027 421 832 is a Corporate Authorised Representative of Millennium3 Financial Services Pty Ltd AFSL 244252and ABN 61 094 529 987. This information (including taxation) is general in nature and does not consider your individual circumstances or needs. Do not act until you seek professional advice and consider a Product Disclosure Statement.For Australian Residents Only.

Disclaimer:The views expressed in this publication are solely those of the author; they are not reflective or indicative of Millennium3. They cannot be reproduced in any form without the express written consent of the author.