October 30, 2018
Are you spending more money at the moment?
With the warm nights and longer days, it's easy to spend money. Think after work drinks, new summer swimwear and Christmas just around the corner.
Australians tend to spend more money in Spring, so we are offering three top tips to help you get more bang for your buck this spring...
1 Start with a simple budget
It is never too late to start keeping track of your money. By preparing a budget you can keep better track of where your money is currently going and can make decisions about where you could potentially cut back or redirect spending.
2 Think outside the square
Consider a dress swap with some close friends this spring racing season instead of splurging on a new frock. Equally, why not get the kids into the kitchen for some cooking fun – cheaper than buying treats and more entertaining!
3 Don’t forget your mortgage
With interest rates still sitting at historic lows, there may be a better home loan deal on the market that meets your current needs.
Too often, people have a set-and-forget mentality with their home loan and, as a result, they may be missing out on potential savings.
If you haven’t reviewed your loan in a while you may be pleasantly surprised to find another home loan that better suits your current circumstances.
Refinancing is a fantastic way to not only review your home loan and check that it still works for you but also take advantage of some great benefits.
Consider any unique home loan features that may be available to you. A redraw facility can significantly help you stay in the black. This feature allows you to make additional repayments on your home loan which reduces the interest you repay over the term of the loan.
Conversely, you can access the additional repayments you have made on the loan via the redraw facility – providing you with a cash injection if and when you need it.
We can give you a free home loan health check to help you understand what home loan features are available, and find a solution that best suits your needs
If you want to learn more about your home loan options, book online at www.mortgagechoice.com.au/stuart.pullar or give us a call on 0414 408 535.
Note: these blogs are for general information purposes only. You should, before acting on any advice, consider its appropriateness to your circumstances.