Pre-Tax Time Financial Health Check
With tax time just around the corner, now is the perfect opportunity to give your finances a check-up. Here are some practical steps you can take to improve your financial health.
Track down and consolidate your super
First up, let’s tackle your superannuation, you might have some forgotten accounts floating around. You’ve got a couple of options when it comes to managing your super; logging into MyGov will allow you to conduct super searches and consolidations, or, as a Raiz user you can also do all this within the Raiz app. The Raiz Super section of the app will walk you through how to find and consolidate any existing superannuation accounts under your name into one Raiz Super account. Having one account means only paying one lot of account keeping fees.
Compare Utility Bills with Raiz Rewards
Put some power back in your pocket by reviewing your electricity and gas bills. Thanks to Raiz Energy, you can easily compare deals and find the right deal for you. Saving money on utilities means more dough for the things you love, plus you can earn cash back into your Raiz account if you follow through with switching through Raiz Energy. Terms and conditions apply.
Set a Savings Goal for the New Financial Year
New financial year = new savings goal! It could be for a dream holiday, some new wheels, or achieving a personal milestone. Raiz has in-built tools to track your progress and keep you motivated throughout the year. Setting up an automatic recurring investment is a great way to stay on track, set-and-forget style.
Fine-Tune Your Budget
Now’s a great time to give your budget a makeover. Take a closer look at your income and expenses and see where you can make adjustments. Raiz can help you keep track your spending and gain better control over your money.
Debt Stress Reset
Tackle your debts head-on. Review your loans, credit cards, and interest rates. If there’s room for improvement, consider refinancing or consolidating to reduce interest payments.
Check Your Insurance Coverage
Don’t forget about insurance! Take a moment to assess your policies and make sure you’re adequately covered. Raiz Rewards has helpful resources to compare life insurance, and offers cash back in your Raiz account on a range of pet, health and travel insurance.
Don’t have the Raiz App?
Download it for free in the App store or the Webapp below:
Important Information
If you have read all or any part of our email, website, or communication then you need to know that this is factual information and general advice only. This means it does not consider any person’s particular financial objectives, financial situation, or financial needs. If you are an investor, you should consult a licensed adviser before acting on any information to fully understand the benefits and risk associated with the product. This is your call but that is what you should do.
You may be surprised to learn that RAIZ Invest Australia Limited (ABN 26 604 402 815) (Raiz), an authorised representative AFSL 434776 prepared this information.
We are not allowed, and have not prepared this information to offer financial product advice or a recommendation in relation to any investments or securities. If we did give you personal advice, which we did not, then the use of the Raiz App would be a lot more expensive than the current pricing – sorry but true. You therefore should not rely on this information to make investment decisions, because it was not about you for once, and unfortunately, we cannot advise you on who or what you can rely on – again sorry.
A Product Disclosure Statement (PDS) for Raiz Invest and/or Raiz Invest Super is available on the Raiz Invest website and App. A person must read and consider the PDS before deciding whether, or not, to acquire and/or continue to hold interests in the financial product. We know and ASIC research shows that you probably won’t, but we want you to, and we encourage you to read the PDS so you know exactly what the product does, its risks and costs. If you don’t read the PDS, it’s a bit like flying blind. Probably not a good idea.
The risks and fees for investing are fully set out in the PDS and include the risks that would ordinarily apply to investing. You should note, as illustrated by the global financial crisis of 2008, that sometimes not even professionals in the financial services sector understand the ordinary risks of investing – because by their nature many risks are unknown – but you still need to give it a go and try to understand the risks set out in the PDS.
Any returns shown or implied are not forecasts and are not reliable guides or predictors of future performance. Those of you who cannot afford financial advice may be considering ignoring this statement, but please don’t, it is so true.
Under no circumstance is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.
This information may be based on assumptions or market conditions which change without notice and have not been independently verified. Basically, this says nothing stays the same for long in financial markets (or even in life for that matter) and we are sorry. We try, but we can’t promise that the information is accurate, or stays accurate.
Any opinions or information expressed are subject to change without notice; that’s just the way we roll.
Home loans are subject to approval from the lending institution and Raiz Home Ownership makes no warranties as to the success of an application until all relevant information has been provided.
Raiz Home Ownership Pty Ltd (ABN 14 645 876 937), an Australian Credit Representative number 528594 under Australian Credit Licence number 387025. Raiz Home Ownership Pty Ltd is 100% owned by Raiz Invest Australia Limited (ABN 26 604 402 815).
