Don’t hold back your financial flu shot!
The weather has taken a dramatic turn from hot to decidedly autumnal. The annual flu shot reminders have started to pop up in the pharmacy and your local doctor’s office. Why not let this be a reminder of different kind of health check?
Why you should check-in with your financial health
You probably have a gut feel if your finances are under control, or could be better. No matter where you sit on this spectrum, there are things you can review and check in on annually to make sure you’re getting the most from your money and financial institutions. Use the start of flu season each year as a reminder to run a quick assessment of your finances, and reduce the chance of long-term illness.
What symptoms do I look at?
It’s time to take a good look at the whole picture. Like your body, symptoms in one area could indicate illness in another. So don’t just check your everyday account, but look a little deeper.
Think about all the places your money goes - how many savings accounts do you have? What are their fees? What are their returns? Now look at debt - home loans, credit cards - do you need every credit card you have?
Just taking the time to take a good look at your financial information might help you rethink how you structure and save your money.
What are my supplements?
Something that people often forget about is superannuation. Do you know where all of your super is living? It’s never too early to get your super on track and the best way to start is by making sure you know exactly where your money is. It sounds simple but it’s often overlooked.
What else happens each time you got to the doctor? We bet that someone checks your address, or date of birth, or phone number.
Are your details up to date? With more and more banking occurring online make sure you email address is associated with your accounts. If you’ve held accounts for a number of years it’s likely some of your information has changed over time, and it’s possible you’ve never shared your email address.