Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we will discuss setting yourself up for success in the new financial year. The first topic we will dive into is reviewing your budget as it’s an integral part to getting on top of your finances. It’s crucial to ensure that your budget is as accurate as possible and reflects your own spending habits and also includes your debt obligations, as debt repayments have become increasingly bigger consideration these days. When you are in debt, make sure to have a competitive interest rate, as it can make a significant difference over the life of the loan. Additionally, in the financial world, it is important to set goals for the future, figure out what you need to do, and optimize your position to be well-prepared for another financial year.
Don’t miss out on valuable opportunities to improve your financial position. Start now and set yourself up for success!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
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Review you budget
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Debt management
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Competitive interest rates
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Investment strategy
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Insurance
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Emergency funds
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Employment occupation status
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Post tax or non concessional caps
