Easy money tips
The start of a new year is the perfect time to look at how your money is working for you.
Reviewing your finances doesn’t have to be hard. Follow these easy tips to start 2019 on the right track.
Track your spending
Tracking your spending habits helps you discover how much money you’re spending on items such as coffee, take-away or clothes. You may find the actual amount is vastly different from what you think you’re spending.
Use budgeting apps such as PocketBook or ASIC’s TrackMySPEND to track your spending, an Excel spreadsheet or even a pen and paper. Choose the method that works best for you.
Check your bills
Take the opportunity to look at your household bills from 2018 and work out whether there’s anywhere you can save money.
Research different providers to find the best rates and look at whether there are any discounts available to you through memberships or concession cards.
Cancel unused memberships or subscriptions such as gym memberships, Pay TV or magazine subscriptions
Eliminate fees
If your bank accounts have monthly account keeping fees, consider switching to fee-free accounts.
Some companies charge for paper bills so switch to receiving your bills via email instead of by post.
You may be able to avoid service charges by switching your regular bills such as health insurance, electricity or utilities to direct debit.
Review your insurance
Review your home insurance, car insurance, and pet insurance policies to make sure you have the right coverage to protect you and your family.
Make sure your personal details are up-to-date and any changes to your property or how you use your vehicle are discussed with your insurer.
Take advantage of any loyalty or multi policy discounts if you have more than one insurance product with a provider.
The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.
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The information in this article has been prepared for general information purposes only and is not intended as legal advice or specific advice to any particular person. Any advice contained in the document is general advice, not intended as legal advice or professional advice and does not take into account any person’s particular circumstances. Before acting on anything based on this advice you should consider its appropriateness to you, having regard to your objectives and needs.
Insurance products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQ). Conditions, limits and exclusions apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website.
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
RACQ Operations Pty Ltd (ABN 80 009 663 414 AR 000234978) and Members Travel Group Pty Ltd (ABN 45 144 538 803 AR 000432492) are acting as an Authorised Representative of the issuer of the insurance, Tokio Marine & Nichido Fire Insurance Co., Ltd. (ABN 80 000 438 291 AFSL 246 548). Any advice set out above is general in nature only, and does not take into account your objectives, financial situation or needs. Before purchasing any travel products, please consider the RACQ Travel Insurance Product Disclosure Statement (PDS) and the Target Market Determinations (TMDs) that apply to these products. Whilst the PDS outlines the Terms and Conditions of these products, the TMDs outline the intended class of customers that comprise the target market for these travel products. This will allow you to consider which products best suit your objectives, financial situation and needs and consider the products appropriateness to your personal circumstances. TMDs also outline matters involving the distribution and the review of these products. The PDS, Supplementary PDS and TMDs for each travel product can be found here.