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Changing a little, saving a lot

Day in, day out I assist in liberating my clients financially, and I absolutely love it. Although this might sound crazy– it wasn’t until late last year that I realised I hadn’t been liberating myself financially. And finally, I did something about it. 

Here are a few things that I have changed recently that have made me feel more more on top of my family’s finances.

Moving home loans

Moving our home loan was huge. We saved $60 per week by refinancing our own home. We also switched our investment loan to P&I, we’re not paying a lot more per week, yet we are now reducing our investment debt!

Shopping around for insurance

From there, I shopped around for the best insurance policy for the cars, home & landlords. It was actually only worth me moving my car insurance, but hey it’s a small saving and I’ll take that.

Gas & Electricity

Next on the list was Gas and Electricity. I shopped around I am now saving around $40 per month on a summer bill, this saving will be even higher once the winter bill comes through because we’ve been using the heater more often.

Health Insurance 

Having 3 boys who will most likely require braces (massive expense right there!), I did my research and I ended up staying with our current insurer, our policy now includes orthodontics and we’re not paying that much more. To top it off they also giving us 6 weeks free cover.

Income Protection & Risk Insurance. 

We had the same cover for about 4 years, I’ve never even thought to look into whether it’s the best. I did a bit of research and found a policy that was more suited to where we are at in life. So that’s another win! 

Pocket money!

Having 3 boys who all play cricket/football/basketball…the money we spend at training and game day on food can get out of hand!  I feel like I’m constantly handing out money. To keep this expense from getting out of hand, I’ve begun giving the boys each $10.00 in a ziplock bag to spend on food, drinks, lollies…once it’s gone that’s it! Saving money and teaching them the value of a dollar. Double win!

Paying bills

Another thing I do is pay an amount to each of my bills monthly when my pay comes in (I’ve worked out roughly what my bills are annually, so I average it on a monthly basis) – this way I stay ahead of my bills and there are generally no nasty surprises.

So what am I doing with all these new savings you ask? Putting them aside into a separate savings account for spending money on our next holiday, we can’t wait! 

Invictus Finance

Blog post by Invictus Finance

12/10/2018


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We are pleased to announce that Finstra and Invictus have now merged. We will remain under the Invictus brand and are thrilled at the opportunity this presents for both our existing and new clients and our Staff. Welcome to Invictus Finance Solutions.