Prepare for 2019 as your year to save money

Posted on: 29 Oct 2018

2019 budget

Whether your 2019 goals include getting out of debt, planning for retirement, or saving up for a home, these 5 tips could help you set yourself up for a successful year.

Review your Budget: If you’re looking for ways to cut spending because you want to save money or get out of debt, a budget planning is a good place to start. Look at all of your expenses from last year. Were there any surprises? By seeing the big picture, you can create a plan that matches your life. You can download a budget calculator and a budget spreadsheet to assist you in your financial planning.

Review Subscriptions: In today’s online subscription economy, you may be wasting money paying for services you rarely use. For example, software for old computers, Netflix you never watch, etc. If you’re searching for an effortless way to save a little extra each month, evaluate which on-demand services you use all the time versus those you only use occasionally. Additionally, many subscriptions will quietly resubscribe a further 12 months and deduct your credit card, watch out for this.

Check your Credit Report: The beginning of the year is a great time to check your credit report and make sure your score is high. There are a number of factors that will drag down your credit score, such as too many credit enquiries and apply for finance with payday lender agencies. One day, you may need to access finance from a bank and you’ll need a nice high score, say 750+, to access funds.

Evaluate Insurances: Don’t lazily sit on your insurances year in year out, you’ll find the premiums will creep up over time. Recently our home and contents insurance went up 20%. Simply spending an hour making phone calls to assess competitors products convinced our insurer to not only drop the 20% increase but provide a further competitive price on our insurance, 4 phone calls saved us $360.00 for one year.

Evaluate Debts: You may need help with debt. There’s good debt, such as mortgages and car payments; however, sometimes other less healthy debts get on the personal balance sheet. Whether your debt has increased due to a medical procedure, unexpected home or car repair, or credit card bills, create a plan for paying these debts in a timely manner. And if you want to avoid getting stuck with high interest payments for years to come, try to pay more than your minimum payments each month.

By taking these 5 steps, you’ll be ensuring an annual check-up that can help you set up 2019 for financial success.

If you need a debt negotiator, or help with debt, speak to us or connect with us at

If you want to find out how much you can save to help you with debt, try our debt calculator. or contact us.

This article should be considered as a guide only. If you are facing financial hardship or legal recovery action, please consult a specialist to assist you.