It’s nearly crunch time, people! We’ve got money on our mind as we inch closer and closer to EOFY – mainly, how we can save more of it and end the financial franticness once and for all.
As the world collectively whips out their magnifying glasses and combs through piles of receipts, invoices and pay slips, now is the time to take a step back and consider where your money actually goes.
For families, this is particularly tough. Between sports fees, school lunches, extra-curricular equipment and your children’s social lives – not to mention your own semblance of one – it always feels like you’re haemorrhaging money faster than you can count it.
Family life can be all consuming. Getting through the day with everyone being in the right place, wearing the right clothes and no one being hungry is a mammoth juggling task – leaving little to no time to even consider the state of your personal finances.
Wouldn’t it be great if someone could provide expert tips about how to declutter your finances and take control of your money, bringing you glorious financial freedom?
haven spoke to Caroline Raffan at Credit Card Compare, Australia’s largest credit card specialist comparison site, to do just that.
The end of the financial year is the perfect time to get a grip on your finances and ultimately make them work for you – you might even be able to save yourself some cash. Here are Caroline’s top tips for making your personal finances work for you and your family, helping you manage your finances, eliminate financial constraints and feel more satisfied:
Know what you earn
It seems obvious, but it’s vital to lay out what money is available to you. By tracking your cash flow, you will be able to identify where spending is necessary and where savings can be made.
Base your budget on your values
It’s important to prioritise your finances on things that you value spending your money on. Understanding what is important to you and knowing where your money is actually being spent is a powerful tool to change spending habits.
Getting the right credit card for you
Being credit card free is not all it’s cracked up to be. Having the right credit card can be a real game changer in managing your personal finances. Find out how to get the best deal for you from a credit card specialist like Credit Card Compare.
Simplify your super
It’s easy to lose track of your superannuation once you’ve changed jobs a few times. But your super balance will become one of your biggest financial assets so it is vital to make sure you are receiving the contributions you’re entitled to and know where they are! You’ll thank yourself in the long run.