Be a boss of money matters this year with help from ME Bank. Give up the resolutions and draw up a money bucket list. It could make 2017 your most prosperous year yet.
Your money bucket list represents personal goals that individually, and collectively, improve your finances. Take some time to think about what would really make a difference to your financial wellbeing (no, we’re not talking Lotto wins), then follow our three-step guide to make your money bucket list a personal blueprint for a prosperous 2017.
1. Pick your top three goals
For your money bucket list to work it pays to stick to a small number of achievable goals. Select the three goals that matter most to you, rank them in order of importance, and write them down. Presto! You have the beginnings of a money bucket list.
2. Set realistic targets
Next, refine those goals. Start by making them specific. If ‘saving more’ is at the top of your bucket list, think about how much you can afford to save. Could you manage $20 a week or even $50 a week? Setting measurable targets makes it far easier to stick to your goal.
3. Make it happen
The key to ticking off each goal on your money bucket list is to have a plan of action in place. Remember that goal to grow savings by $20 each week? Make it effortless by setting up an automatic transfer to move $20 out of your transaction account into a savings account every week. Do the same with payments used to trim debt.
Finally, take a step closer to ticking off each goal on your money bucket list by checking you’re getting a good deal on financial products. It’s a lot harder, for instance, to clear the slate on a credit card charging 20% interest when you could pay less than 12% with other cards.
This article was provided by ME Bank, a bank that is 100% owned by industry super funds, including Vision Super.
Members Equity Bank Limited ABN 56 070 887 679.