Financial Insights & Updates - September 2020
Welcome to the September edition of Financial Insights and Updates.
When it comes to managing your money, having good money habits goes hand in hand with having a sound financial plan put together (and regularly reviewed) by your financial planner. Our video this month “How to set good long-term financial habits” gives you a few tips to get started. The article “Don’t let overspending be your undoing” will then give you more tips on how to avoid the bad money habit of spending just to “keep up with the Joneses”.
Another great article included this month “Find unclaimed money” directs you to do a search on ASIC’s Moneysmart website for any potential money you may have forgotten about over the years. This search is not just limited to lost Super. Wouldn’t hurt to just run a quick search, who knows you might get a pleasant surprise!
As customary, we have prepared other articles which we hope you will enjoy.
In signing off, please remember that we are always available to answer any questions or queries you may have.
The Team at Savanna Pride
Don’t let overspending be your undoing
Do you struggle to control your spending around your friends and family? If the urge to ‘keep up’ with a certain lifestyle is stretching your finances, it could be time to take action... Read More
Find unclaimed money
There is around $1.1 billion in lost shares, bank accounts and life insurance.
What is unclaimed money?
Unclaimed money is money from lost bank accounts, shares, investments and life insurance policies. This money becomes lost when you move house and forget to update your details with a financial institution or company... Read More
Four strategies to maximise your super
Many of us daydream about the day we finally retire and are able to do the things we’ve longed for, whether that’s travelling the world, campervanning around Australia, improving our golf or gardening skills, or spending more time socialising or with our grandchildren... Read More
Financial pearls of wisdom
As we approach retirement some people start to panic a little wondering if they are truly looking forward to the time of their life when they no longer have to work. All of a sudden something they have been pining for is becoming real! Instead of worrying, have a read of the following tips and if necessary, act now. After all, it’s your future – and it could be here sooner than you think... Read More
Super life cover
Is holding insurance cover in your superannuation fund a good idea? Read on...
Life and total and permanent disability (TPD) cover: Many super funds provide insurance that pays a lump sum if you die or are disabled to such an extent that you will never be able to work again. There is currently no limit on the amount of death cover that can be paid to dependants... Read More
Why wellbeing isn’t just for the well-off
Are you guilty of putting your health and wellbeing last? Whether it’s for financial or family reasons, you could be costing yourself more than you think.
Whether it’s down to a lack of time or money, we’re all guilty of neglecting our own health from time to time. This can be especially true during challenging times, like we’re experiencing with the COVID-19 pandemic... Read More