Step 1
Successful money management is a process. Take the first step.
Step 2
This quick quiz will help you find your starting point.
Step 3
Sorting out your paperwork will make record keeping a whole lot easier and set yourself up for success.
Step 4
Knowing where you are today can help you determine the best path towards helping you meet your financial priorities.
Step 5
Good credit is essential. Know how to check this.
Step 6
Determining your net worth sounds harder than it really is.
Step 7
It is time to ask yourself, is your debt too much debt?
Step 8
Identifying needs and wants keeps you focused on what matters most!
Step 9
Don’t just set goals, set SMART goals
Step 10
Develop time frames around your SMART goals and map them out.
Step 11
Paying off debt is a short term financial goal that will free up cashflow.
Step 12
Emergency savings make the difference between a financial setback and a financial disaster.
Step 13
Saving for retirement is a non negotiable financial goal.
Step 14
Make a commitment to stay on track.
Step 15
: Now you know what you need to do, here is how to start
Step 16
Find out where all your money is going!
Step 17
Identify your fixed expenses.
Step 18
Plan for your periodic expenses.
Step 19
Create your spending plan.
Step 20
Small changes can make big savings.
Step 21
Saving money on your groceries, is one of the fastest and easiest ways to improve your bottom line.
Step 22
Know where you want to be and how you will get there
Step 23
Give yourself some peace of mind by making sure your family is on some firm financial footing
Step 24
Commit to making informed borrowing decisions, and understand the costs.
Step 25
To stay motivated, acknowledge the benefits you will experience as a result of your efforts.
|
Step 13:
Securing your financial future
Don’t despair if you are behind on your retirement goals. If it is any consolation, you aren’t alone; studies show many households are not adequately prepared for retirement. Here are some things to consider when assessing your retirement savings.
| • |
Take advantage of available resources. Participate in your company’s retirement plan, particularly if they have a "matching funds” program. If a company program is not available to you, consider joining Kiwi saver.
|
| • |
Sorted has a Kiwi saver calculator which you can use to calculate what your contributions will accumulate up to at age 65.
http://www.sorted.org.nz/calculators/kiwisaver
|
| • |
Consider using your equity wisely. If you have equity in your home and the ability to borrow consider looking at your options of buying an investment property. Work with a coach to learn how to achieve results but understand the risks This is a long term investment but the rewards can be great with the tenant and perhaps tax savings to assist with your outgoings.
|
| • |
Think Bigger Advance Property Solutions work with clients NZ wide on a 1 on 1 basis as property mentors. Click here to learn more and make contact for a FREE strategy consult
|
Saving for retirement is a non negotiable financial goal.
|
