New Financial Year, New You

New Financial Year, New You

We all love a fresh start – we love having the opportunity to put the past behind us and start afresh. How many times have you told yourself, “I’ll start on Monday” – whether it be fitness, diet, or waking up early – and actually woken up on Monday and done it?

If you’re looking back, regretting all the missed opportunities, you’re in luck. It is a new financial year and the perfect time to sweep those bad spending habits under a rug and begin training yourself to be financially savvy. Of course, no one expects you to be flawless from the get-go, so to help you on your way, here are our top tips:

 

Take Control of Your Debts

Alright, let’s start with the elephant in the room. Debt.

Debt can drag both your mental and physical health down. As debt begins to accumulate, it can become a slippery slope – and the worse off you become, the more difficult it is to get it under control.

Most people want to get rid of their debt, but don’t know where to begin. There are so many resources available to help you take control of your debt. Take the time to research, find a plan that suits you – and stick to it – and don’t forget, be realistic when setting your goals.

 

Invest? SelfWealth can help.
I encourage all young Australians to think carefully about how they use their tax return this year. Sure, treat yourself a little and pay back mum and dad what you owe – but put a little bit aside to invest.

I’m sure when you first heard shares being discussed, you wanted to run for the hills, with so many choices of what to invest in and how much to invest, it can be overwhelming at times – especially for those new to investing.

SelfWealth’s Network Offering Makes It Easy

Firstly, you have an alias which allows you to play with the big leagues without disclosure of your financial status.

Secondly, the choices around what to invest in and quantities to invest are simple, the network allows you to follow some of the best performing investors in the country, and if you so desire, copy their every move.

Simple. Sit back and relax.

 

Stay Motivated
Let’s face it, life is busy. Whether it’s filing your tax return or picking the kids up from school – there is always something to be done. Take-away replaces healthy meals, holidays are just a fantasy, and between a hectic work and home life, gym memberships get ignored. Most resolutions last for a month or so (if you’re lucky), and then as life gets busy we push our goals to the side and say “oh well, next time.”

Everyday life has the ability to get in the way of a lot of things – don’t let it get in the way of having a secure financial future because one day, it will be your present.

Book time in your schedule to regularly check in on your finances.

 

Reward Yourself

We are taught from a young age that when we do something good, we get rewarded. When paying off debt, or saving for a house – it can often feel like you are going absolutely nowhere. What’s the point?

Set yourself some realistic goals – ones that don’t take years – and when you achieve them, celebrate. Go out for dinner, see a movie – whatever will motivate you into continuing on your financial journey.

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