Get a Head Start on a Healthy and Wealthy 2017

Nobody wants to be stressed about money, especially at this time of year! Pay heed to this advice and you should be able to steer clear of financial stress over the festive season – and set 2017 up to be your best year yet.

Get it together
These days it’s not unusual for us to have our finances spread across the board – everyday banking accounts, savings accounts, debit cards, credit cards, mortgages, investment accounts… the list goes on. In some cases such a spread can make good financial sense but often the inability to stay on top of it all can offset the benefits. If you haven’t used an account in the last month, pick the account/s that offer the best benefits and start consolidating! It’s a good idea to set up an account or spreadsheet that gives an overview of all accounts – so you can get a snapshot of your financial health without logging into a dozen different websites. If you want some advice on how to best consolidate your finances remember we’re here to help.

Get set for the worst
You might not think you’ll ever need it, but as many in Kaikoura, Wellington and Canterbury will tell you having an emergency fund is a must. While making sure you have at least a month or two of cash on hand in the bank is a good idea, an even better idea is to have a solid income protection, life and home insurance policy. The last thing you want is for you or your loved ones to be stressing or haggling over bills should disaster strike.

Get rid of the debt
It’s something that’s easy to say, but not so easy to do. One of the most successful ways to reduce debt is to identify the amount you can afford to part with each payday and using an automatic payment credit it to your debt that has the highest interest rate (not necessarily your largest debt). Continue the process until the debt’s gone. It won’t take long for you to forget about the payments happening automatically.

Get in the know
When it comes to your finances it’s a great idea to explore the alternatives, investigate, consider and make sure you’re getting the best deal around. But then once you’ve made your decisions, forget about the other options – spending time worrying about what might have been is pointless and unproductive. The best move is to talk to a professional adviser. We’ve seen first hand how all the different options play out, and we know what works best in specific situations so we can tailor our advice to suit.