It’s New Year! It’s time to make those resolutions to get healthy, lose weight, be a better person and to change money habits by tyring to save more and spend less.
Health is extremely important. In fact, it is wealth. Hence, you need to take care of your body and invest on your health. When talking about saving, health insurance is a financial product where easy savings can be made.
This new year, it is important to reduce your home’s electricity consumption. In order to do this, you need to make sure that you switch off your appliances that you don’t use. You can also try to use energy-efficient electronic devices. Nowadays there are so many energy-efficient appliances in the market. Also, make sure to pay your bills on time. Missing payment even just by a single day could mean you lose a discount and go back to standard rate, or even the top rate.
Another money-saving tip you can follow for this new year is consolidating your super. Why? It’s because each fund has fixed cost. With a single fund, you are paying only a single set of fixed cost. By consolidating your older super, it can be more advantageous on your end as super fund performances differ.
Cars are already a part of our lives. Almost every household needs this vehicle especially those who have jobs and kids going to schools. However, the running expenses of a car are a big part of most household budgets. Imagine the amount of money you spend on gas, the maintenance as well as the registration and licenses. Hence, getting a car should be thought twice. If you don’t have kids who need to be fetched to school, or you live in a place with good public transport, you should consider if you really need a car. By not owning a car, you can avoid spending a lot of money.