Dec 11, 2017  | Tags: South Australia financial broker, financial planning, budget, financial goals, financial advice, new year

Our Insights ...

Christmas, New Year and the End of Financial Year are often times where we reflect on our wealth position. But the reality is, the best time to re-focus your financial plans is NOW .. irrespective of the time of year!

It all begins with having an action plan.

Here are some tips to get you started:

Set Your Goals

It's such a simple step but one so often taken for granted: put your goals in writing.

Start out by listing the big-ticket items. Basically, make your goals as concrete as possible by writing them down.

• Do you want to take a holiday this year?
• Is a new car at the front of your mind, these days?
• Interested in purchasing a home or an investment property?

Whatever your dreams may be, get them down on paper.

Next, break your plan down into smaller steps. Carefully calculate all costs associated with your financial venture and determine how you can meet those expenses. Jot down ideas on where you'll find the resources to fund these goals.

Set Your Budget

Budgeting allows you to carefully control your funds and concentrate them where you want them. 

Naturally, a budget you don't stick to is worth nothing at all. If your budget is unrealistic, it will be almost impossible to skillfully direct your money into savings. 

At Calder Wealth Management, we provide our clients with the tools they need to design a practical budget and then stick to it. Click here to download our recommended budget planner.

Review Your Mortgage And Insurance

At Calder Wealth Management, our lending experts and financial advisers can review your existing loans and personal insurance policies to see how they stack up against other providers in the market. Let us do the homework for you. This way, you could end up saving money to put towards the financial goals you want to achieve.

There are also many websites available where you can compare the cost and features of your other insurances such as your home, car or contents insurance. You can even do this to find the best deal on your health insurance.

Keep in mind, however, that you definitely get what you pay for. What may seem like a cheaper product could majorly short you on the benefits you need. With that said, you'll probably want to consult an expert before making any dramatic changes.

What next?

New year or not, set your new fianncial goals today!

At Calder Wealth Management, our specialist team of financial advisers will help you. Contact us or call 08 8373 3333 to arrange a free, no obligation appointment.

Written by Ben Calder, Private Client Adviser at Calder Wealth Management.