The new year is a perfect time to set some new financial goals. Now that 2020 is out of the way, it’s time to reset and make a plan that will help you reach your financial goals, whatever they may be.
Create a budget
Preparing a budget is a great way to start the year off on the right foot. A popular budgeting strategy is the ‘three-bucket-approach’ which helps you organise your finances into three buckets, a long-term bucket, a medium-term bucket and a short-term bucket. This way, you are minimising risk and creating a strategy that works now and into the future. If you are looking for a budget planner, download our free e-book ‘5 ways to confidently grow your savings (even during a recession!) and you’ll receive a free APS budget planner.
Think about investments
The new year is a great time to think about investing so that you can grow your money and wealth in the long term. Investing can be overwhelming for people who aren’t experienced, but there are several easy and simple options such as Term Investments. A Term Investment is a high-interest investment account that allows you to grow your savings over a certain period. Unlike property investment of shares, you don’t have to think too hard about strategy as your money is guaranteed to grow while it sits in your account. APS Savings offer high-interest Term Investments with interest rates of up to 4.00% p.a so that your money can grow faster than an everyday bank account.
It’s easy to avoid thinking about retirement, but all financial goals need to be working towards your ideal lifestyle in the future. Start to map out how much you need to retire and what strategies you can use to get there. You may choose to use super contributions to get ahead early and help you save more in the long run. The team at APS Financial Planning are here to help you create a strategy that will suit your finances and your lifestyle.
Ready to set your 2021 financial goals?
If you’re ready to set yourself up for financial success in 2021, the team at APS Benefits Group are here to help you every step of the way. Whether you’re looking to manage your money better, invest in a Term Investment or set up a retirement plan, we have all the experts in one place. Get in touch to learn more!