Life is busy, between maintaining your family life, career, keeping fit and going to the gym, keeping up your social life and maybe finding time for a holiday; it’s hard to fit everything in!
“Budget, Super, Insurance, Mortgage, Finances, Estate planning; what do I need? I haven’t looked at it, I’m too busy can you fix it?”
These are a common response from most people both single and married. The fast pace that we live today often means that most of these financial issues just don’t get addressed.
Getting a budget in place is the first thing to do, you will be amazed how much you are spending. Take the most common one, coffee! We love our coffee so two a day at $3 each can mean you are spending anywhere up to $144.00 a month, maybe more.
Getting super sorted
Many people have multiple super funds, the thought of consolidating them is too hard; yet it is important if you want to save on fees and make it easier to keep track of what super you have. Also many people don’t realise what investment strategy they have, often this is set as a default balance investment or you could have too much in cash. Your super is there as a long-term investment option so choice is imperative.
Insurance – it could happen to you!
Life insurance, income protection and trauma insurance are also ignored, but having adequate protection is just as important for all of us. It won’t happen to me is a common response. But we are all susceptible to life changing conditions such as melanoma, heart conditions and even strokes. Insurance inside superannuation can be a great solution to control the cost and allow you to manage your cash flow.
Reviewing your mortgage
Interest rates continue to hold but the big institutions are making their move BUT there are always great rates out there. Talk to your bank first to see if they will give you a better rate and be prepared to shop around to do what’s best for your mortgage.
Having a will
“I don’t have much, so why do I need a Will?” There are many reasons why you should get your estate planning in order – what happens to your super or the proceeds of your life insurance, bank accounts? Dying without a will can pose many issues for your family. A Power of Attorney (POA) is also necessary in case you have an accident that renders you incapable of dealing with you own financial issues, but also if you go away overseas and something happen then someone can act on your behalf.
So whilst you may be busy living life, we are here to help you fix it! Don’t have time to come into our office? Chat to us about how we can meet with you via a video meeting or teleconference. We know time is a precious commodity so we have now implemented video meetings to make it simple for you to do the important stuff that you need to deal with but don’t have time to do.[contact-form-7 404 "Not Found"]