Get your finances in shape

Get your finances in shape. Use this simple checklist to assess how healthy your financial management is.

• Do you know how much money is going out and coming in?Use a budget planner to easily track your finances
• Do you have a financial plan for the next year, five years? A financial plan will help you reach your short, medium and long term goals
• Do you have enough funds for a rainy day? We recommend that you have equal to about three months in savings for those emergencies
• Pay extra on your home loan so you decrease the amount of interest you pay each month and it helps you pay off your home loan sooner
• Get the best available rate on savings. Do your research and find savings accounts with high interest rates. Make compound interest work for you
• Pay off your credit cards in full each month. You could also consider getting a debt consolidation loan to pay off all your high interest credit cards

 For more tips on savings, budgeting and keeping your finances fit and healthy, speak to a financial planner today on +61 7 3624 1900 or email info@intellichoice.com.au. Visit www.intellichoice.com.au.