Category: Money Matters
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Sub category: Spending
26 May 2015

5 tips for managing your money when you’re on the go

These days it’s getting easier to manage your money and plan your financial future anytime, anywhere – using your tablet or smartphone.

If you’ve put managing finances in the ‘too hard’ basket for too long, then a few minutes with your mobile device may be just what you need to get back on track.

1. Do a health check

Not sure where to start? A money health check could give you an idea of where you’re doing well and where you could improve, as well as tips for taking control of your finances. Download the ASIC Money Health Check App or access it at moneysmart.gov.au.

2. Stay close to your money

To help keep your finances front of mind, consider downloading your mobile banking app for easy access to your balance whenever you need it. Real time balance updates could help you keep track of your finances and inform your decision making before you purchase.

3. Compare the market

In the market for a new home loan or insurance cover? Comparison sites such as Finder and Mozo research hundreds of providers so you can weigh up alternatives – even if you only have a few spare minutes during the day.

4. Manage your expenses

Being aware of your outgoings is an important step in managing your expenditure effectively.

Track my Spend is an app, brought to you by MoneySmart, which allows you to view your spending habits so you can see where all your money goes.

5. Take a step up the housing ladder

If buying a home is on your to-do list, you might be able to do some of the leg-work while you’re on the go. Work out your borrowing power, get an idea of buying costs and home loan repayments and even work out where in Australia you can afford to buy using online tools and calculators.

The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. ING Living Super (which is part of the ING Superannuation Fund ABN 13 355 603 448) is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by ING Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Home and Contents Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.

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