Book a Meeting
Ha Accounting.com.auBlogFInancial Advice › 5 MINUTE FINANCIAL HEALTH CHECK

5 MINUTE FINANCIAL HEALTH CHECK

5 MINUTE FINANCIAL HEALTH CHECK

HA Accountings 5 minute financial health check will help ensure your finances, insurances and personal plans are in place for your stage of life. We don’t like to ever think that the unfortunate may ever happen to us – but the reality is that curveballs are often thrown at us. Knowing you have the ability to deal with that curveball when it comes your way will help you get a restful sleep each night. As well as ensuring that you, and the people you care for, will be covered. Before you do the following checks have you got a budget?

 

  1. DEBT CHECK

If you answered yes to these questions then you are managing your debts well. If you answered no, it is worth discussing payment plans with your accountant to help ease your debt stress.

 

 

  1. SAVINGS CHECK

Living from paycheck to paycheck cannot only be very stressful but can leave you in strife should the unexpected happen. Putting away event the smallest percentage of your paycheck can be effective in building up your savings. Start small, and gradually add to it and before you know it your savings will be on their way.

  1. INSURANCE CHECK

Insurance can often seem like an additional expense you cannot afford. The thing with insurance is that it becomes the most important thing when you need it most. Do an insurance check up – ensure that you are adequately covered to cover you when you need it.

 

  1. SUPER CHECK

Retirement may seem light years away but it can creep up quicker than you know. Having enough saved away for your retirement can mean the difference between happy retirement and a stressed retirement. Don’t make the mistake of relying on the pension – take steps now to ensure you are comfortable once you decide to wind down.

 

  1. ESTATE CHECK

The last check is to ensure all your affairs are in order, namely that you have an up-to-date will that clearly outlines the beneficiaries of your estate. Ensure a copy of your will is lodged with a family member, your bank or another safe place.

 

Five minutes is all it takes to answer these few quick questions and assess the state of your affairs and finances. Highlight the areas that need attention and work to correct them in time for your next six-monthly check.


Australian Accounting Awards Medal 2019



SMSF New Firm of the Year award



SMSF Professional of the Year Award



SMSF Fast-Growing Firm of the Year Award




Contact us!

We would love to hear from you!

Book a Meeting
Contact Us
Tocumwal -  (03) 5849 1661
Lavington - (02) 6046 9207

                                       
Connect With Us


                                                                             
© 2019 The BWC. All rights reserved Privacy Policy | Site Map