Set a date to make 2019/2020 the financial year your money works harder.
July – score a better deal
Skip the sales and fatten your wallet by making July ‘get-a-better’ deal month. Start by switching to an everyday bank account that charges no ATM or monthly account-keeping fees, and watch the savings roll in.
August – be your own financial guru
Sharpen up your money IQ. Take a look at Ed, the online school of money brought to you by industry super fund-owned bank ME. Or ask Vision Super about getting financial advice.
September – spring clean your super
94% of Aussies say the age pension is not enough to retire on1. Don’t be among them. Spring clean your super by checking your fund balance, roll multiple accounts into one fund and plan to save more. Every bit extra means more cash in retirement. You can do this very easily by logging into your Vision Super online account here and clicking on the “Transfer” icon to see if you have super elsewhere.
October – buy nothing new month.
Grab some pre-loved bargains, or swap, share or borrow with friends and save big bucks.
November – gallop ahead financially
Don’t gamble on your financial future, put more money into super. Adding $50 each week could make a considerable difference to your retirement savings, particularly with compounded interest.
December – make a list. Check it twice. Pay with cash
Follow Santa’s lead for the festive season. Make a list of Christmas purchases, check it twice to focus on essentials, and shop around for the best prices. Aim to pay with cash where possible. It’s still the cheapest way to buy.
January – money detox month
Know where your money goes in 2019/2020 with the government’s free TrackMySpend app. It’s a great way to see where cut backs can be made.
February – credit card boot camp. Bring it on!
Christmas purchases are hitting your credit card statement - time to get serious about card debt. Aim to pay more than the monthly minimum and save by switching to a low-rate card with zero annual fees.
March – set some fiscal goals
Set some financial goals for the year ahead with the government’s award-winning (and free) TrackMyGOALS app.
April – cracking time for an egg hunt
Use this Easter to track down lost nest eggs. Over six million lost super accounts with a combined value of $17.5 billion2 are waiting to be reclaimed. Log in online here and go to the “Transfer” icon to see if you have any lost super.
May – protect your financial identity
One in four Australians are victims of identity theft. Protect your financial identity by changing online passwords, updating security software and reviewing your credit record.
June – time for a juicy tax refund
Maximise your tax refund by claiming everything you’re entitled to. For a full list of possible deductions visit the Tax Office website or contact a registered tax agent.
This article was brought to you in conjunction with ME Bank, a bank that is 100% owned by industry super funds, including Vision Super. Members Equity Bank Limited ABN 56 070 887 679.