{"id":3103,"date":"2016-01-09T03:35:21","date_gmt":"2016-01-09T03:35:21","guid":{"rendered":"https:\/\/raizinvest.com.au\/investors\/new-years-resolutions\/"},"modified":"2024-04-04T17:03:32","modified_gmt":"2024-04-04T17:03:32","slug":"new-years-resolutions","status":"publish","type":"post","link":"https:\/\/raizinvest.com.au\/investors\/blog\/new-years-resolutions\/","title":{"rendered":"New Years Resolutions"},"content":{"rendered":"

Hello and a Happy New Year from the Raiz blog! 2015 was
\npretty good, but with Raiz\u2019 full launch next month it looks like 2016 will be
\neven better. Around this time of year people start to make resolutions,
\nthings they want to start doing, or stop doing, to improve their life. We may
\nbe slightly biased, but we reckon 2016 should be the year you make saving and
\ninvesting your resolution. Starting, and sticking to, a good savings plan could
\nbe one of the most important things you do this year, and could prove to be a
\nbig step on the way to reaching your financial goals.With that in mind we thought we\u2019d talk about how to save,
\nsticking to your resolution, and how Raiz could help.<\/span><\/p>\n

The Big Budget\u00a0<\/b>Every saving plan starts with a budget. It\u2019s important to
\nget it all on paper (or excel). Writing it all out makes you realise how much
\nyou have, what your necessary expenses are, and where you could be making cuts.
\nTake a bit of time on your budget, and be realistic, there\u2019s no point in making
\na strict budget you can\u2019t keep to.<\/span><\/p>\n

Tips from the team at Raiz\u00a0<\/b>Here are some of our team\u2019s best tips for saving money:George \u2013 <\/i><\/b>Cut the Coffee: If you\u2019re like many Australians, you\u2019re probably spending far too much on coffee. Instead of buying two $4 coffees
\na day, buy a jar of instant and save $30 a week.<\/span><\/p>\n

Ali \u2013 <\/i><\/b>Cash is king: It\u2019s pretty easy to lose track of how much
\nyou\u2019re spending when you just tap your card everywhere. Using cash gives me a
\nregular reminder of how much I\u2019ve spent each day.<\/span><\/p>\n

Brendan \u2013 <\/i><\/b>Make a date with your money: Holding yourself
\naccountable is important. Set aside a time every week to look at how much you
\nspent, and whether you\u2019re hitting your saving targets.<\/span><\/p>\n

Tony \u2013 <\/i><\/b>Set and forget: If you can, try automatically setting
\naside a portion of your pay check into a savings account every month \u2013 you can
\nusually set up these automatic transfers through your online banking.<\/span><\/p>\n

Ishaan – <\/i><\/b>$5 Jar: I\u2019ve found that you don\u2019t get given $5 notes
\nas much as you\u2019d think. Try putting away each $5 you get into a jar, then focus
\non keeping out of the jar.<\/span><\/p>\n

Sticking to your plan:\u00a0<\/b>Sticking to your savings plan can be the most difficult
\npart. Whether it\u2019s new clothes, a big night on the town, or any of the other
\nmillion things to spend your money on, it\u2019s quite easy to break your budget.
\nHere\u2019s a few things that may help you stick to the plan.<\/span><\/p>\n

Save before you spend<\/b>: Money can be like a gas that fills all the available space, you end up spending
\nwhatever you have. How to you combat this: Put your money away before you have
\nthe chance to spend it.<\/span><\/p>\n

Goals based saving: <\/b>Setting targets for yourself can be a great way for you to stick to a plan. Make your
\nmilestones realistic so you don\u2019t get disheartened. When you see that you\u2019re
\nmaking progress towards a certain goal (enough for a holiday, new car, etc.),
\nyou\u2019ll be encouraged to keep at it.<\/span><\/p>\n

Make it habitual: <\/b>Once you get into the habit, saving can seem quite addictive. There\u2019s no easy way to
\nmake something a habit, but there are tools out there. Some of the Raiz team
\nuse apps such as 7 Weeks, <\/i>and Habitica <\/i>to help them start a habit.\u00a0<\/b><\/span><\/p>\n

How Raiz fits in:\u00a0<\/b>Raiz is here to help you with your resolution. With Recurring
\nInvestments <\/b>you can save before you spend, regularly saving money daily,
\nweekly, or monthly. Unique ways to invest with Raiz.<\/i><\/a><\/i>With Round-ups <\/b>you
\ncan save whilst you spend, so even if you\u2019re making more purchases, you\u2019re
\nsaving and investing at the same time. A natural way to invest<\/i><\/a>.<\/i>With Raiz <\/b>you
\ncan track how much you have invested, and how much it\u2019s grown, so you can keep
\nyour financial targets in view. We hope we have a great 2016 with you as an Raiz customer. For more information on Raiz fees, click here<\/span>.<\/a><\/span><\/p>\n

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Don\u2019t have the Raiz App?<\/h3>\n

Download it for free in the App store or the Webapp below:<\/p>\n

\n
\"download-raiz-app\"<\/a>
Click to download the Raiz app<\/a><\/figcaption><\/figure>\n

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Important Information<\/strong><\/span><\/em><\/p>\n

The information on this website is general advice only. This means it does not take into account any person\u2019s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.<\/em><\/p>\n

A Product Disclosure Statement for Raiz Invest and\/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.<\/em><\/p>\n

The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.<\/em><\/p>\n

Under no circumstances 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.<\/em><\/p>\n

Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Hello and a Happy New Year from the Raiz blog! 2015 was pretty good, but with Raiz\u2019 full launch next month it looks like 2016 will be even better. Around this time of year people start to make resolutions, things they want to start doing, or stop doing, to improve their life. We may be […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yst_prominent_words":[]}