Dealing with the variables of our economy

The constant change, interest rate increases, and rising cost of living can leave many feeling uncertain. 

We all know that change can be unsettling, not to mention when that change is associated with money, our properties and the economy. 

There’s no secret that the cost of living is currently rising faster than our incomes can keep up with. 

While this isn’t all bad, there are a few practical steps we can take to ensure we remain in control of our finances. 

What actions can we be taking to bring it back into control?

There’s never been a better time to review your budgets and adopt new techniques to save on different household expenses. 

Reviewing your different insurances is a great place to start. Often times it’s one of those things we set and forget, and in a few years, they can leave us with a large hole in our back pocket. 

Staying on top of insurance policy costs will help ensure you are receiving the best value for money – by just reviewing your current policy and shopping around, this may save you a few extra dollars!

The same goes for gas and electricity. It shouldn’t be set and forget!

If you own a property, we’re sure you’re familiar with the recent rate changes that have been passed down to lenders over recent months. So, while you are reviewing your insurance, gas and electricity, it’s worth checking in on your current interest rate and ensuring you’re receiving the best rate possible. 

It may even be worth checking what the other banks are offering! 

Register for the next Scorecard Workshop now: https://finnia.com.au/scorecard-workshop/