New financial year, new you?

While the year may not have started as you planned, it can still be the year you take control of your finances.

And, with the new financial year upon us, there’s never been a better time to reassess your money goals.

Know what you spend

To set a savings goal, you need to know what you’re spending.

Check your statements and look at where you are spending your money to get an idea of where you can make savings.

Budget, budget, budget

If you haven’t already got one, a solid budget can help to get you on the right track.

It can help to use a budgeting tool or app to help understand how to better spend your money.

Check your utilities

When was the last time you did a utility bill audit?

Whether it’s your phone provider, internet service or gas and electricity supplier – you might be able to switch and save.

Keep things simple

If you’re struggling to manage multiple loan repayments consider consolidating your debts into a single, more manageable repayment.

Talk to your lender or broker about debt consolidation and what options are available to improve your cash flow.

Keep your money in lockdown

While we wait for life to return to normal, there could be some newfound money habits worth holding onto.

Lenders check your discretionary spending when applying for finance, so it’s a good idea to keep this at a minimum where you can.

Get an expert on side

No matter what your finances look like – getting a professional opinion is always a good idea.

Contact a Liberty Adviser today to review your situation and help get you on the right track.