Five tips to tidy up your finances this Spring

Five tips to tidy up your finances this Spring

A new season is the perfect time to turn over a new leaf, so here are some ideas to get your finances in shape.

Spring has now sprung, so you might be thinking about undertaking the annual clean up. As you de-clutter your house and cull your old clothes, don't forget to dust off your finances too.

  1. Iron out your budget

    When did you last assess your finances? Expenses and income change over time, so your budget should too.

    Track your spending to see what's incoming and outgoing. This will help you to identify where you can curb unnecessary costs and get you on a better track in no time.

  2. Throw out your debts

    Over time, paperwork piles up and it's easy to lose track of where your debts stand.

    If you have multiple loan repayments to juggle, consider tackling your debts with a consolidation loan. One repayment is easier to manage and can help you get ahead sooner.

  3. Keep covered

    You're on track to get rid of your debts, but what about the things worth holding onto?

    If you've acquired any valuable belongings recently, make sure your insurance policy is up to date.

  4. Shop around

    Once you've handled the above, you should have a better grip on your financial position. Like outgrowing your wardrobe, you might have also outgrown your current loan.

    There are plenty of loan options on the market, so make sure you have a product that meets your needs to become debt-free sooner.

  5. Call in the experts

    As you set new financial goals, be sure to have a professional on your side. For a broker who will be with you every step of the way, speak to a Mike Pero Adviser today.

Mike Pero (New Zealand) Ltd Copyright © 2019 All rights reserved | Lending and policy criteria and terms and conditions apply. Content on this website is general in nature and is not a recommendation, opinion or guidance to any individuals in relation to acquiring or disposing of a financial product. Readers should not rely on this content and should always seek specific financial advice appropriate to their own individual circumstances.