The last 12 months have been different. We have adjusted to working from home, not working at all or being chaotically busy at work. Parents have had to figure out how to home school, entertain kids and keep them mentally and physically fit. We’ve all had to find new ways to socialise, stay connected, keep in touch with loved ones, shop and even take holidays. It’s been a year of doing things differently and changing the way we think about things.
Now that we’re figuring out this new normal, it’s the perfect time to take another look at your spending plan and finances.
How did you fare financially during 2020? Have your spending patterns changed? Do you have any surplus cash that you should be saving? Are you finding you’re struggling to make ends meet and could do with sitting down and taking a look at where your money is actually going?
Now that we’re here – wherever here is – it’s a good time to review, revise, tweak, adjust and create a new or modified spending plan that reflects all the changes we’ve experienced.
Take some time, have a good hard look at where your money is going. Find any “leaks” where you’re spending too much (insurance and utilities is a great place to start looking for discounts), and then stop the leak. Increase your savings if you can. Increase your mortgage repayments if that works with your big picture plan. Even give me a call to see if we can review your existing home loan or discuss your options to take an investment loan.
Spend some time organising your finances. It’s worth it!