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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.
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