Olwyn KinderWinning the War – The Fight to stay Financially Secure
October 29th 2008 23:08
This is a major concern for many seniors in the current economic climate. We are all only too well aware of the “credit crunch” and the financial “melt down”. The freezing of market linked funds and the changes to government guarantees on bank deposits especially within Australia, is quite frightening to those relying on their savings and investments for a comfortable retirement.
Superannuation funds have been hit hard by the downturn in the sharemarket significantly reducing seniors' nest eggs.
Using the services of a reputable and accredited financial planner is imperative in these turbulent financial times to ensure the money you do have is kept safe and your exposure to unnecessary risks is minimised.
If you are not in the habit of budgeting, maybe this is the time to start. Knowing how you spend your money and what purchases take priority will help you gain a true perspective on your spending habits.
If debt is a real issue for you, then you must take action today to turn your financial situation around. Identify the necessities that must be purchased each week and keep to this list. Be diligent and focused.
Grab a piggy bank and at the end of each day put your loose change into it. You will be surprised how quickly and easily this loose change can grow into a reasonable sum of money by the end of a month.
Take it along to your local bank and deposit it into your bank account. You will be amazed at year's end at how much you have been able to save without really trying.
Have a go and see for yourself how you can get off the treadmill of debt and secure your financial future.
Superannuation funds have been hit hard by the downturn in the sharemarket significantly reducing seniors' nest eggs.
Using the services of a reputable and accredited financial planner is imperative in these turbulent financial times to ensure the money you do have is kept safe and your exposure to unnecessary risks is minimised.
If you are not in the habit of budgeting, maybe this is the time to start. Knowing how you spend your money and what purchases take priority will help you gain a true perspective on your spending habits.
If debt is a real issue for you, then you must take action today to turn your financial situation around. Identify the necessities that must be purchased each week and keep to this list. Be diligent and focused.
Grab a piggy bank and at the end of each day put your loose change into it. You will be surprised how quickly and easily this loose change can grow into a reasonable sum of money by the end of a month.
Take it along to your local bank and deposit it into your bank account. You will be amazed at year's end at how much you have been able to save without really trying.
Have a go and see for yourself how you can get off the treadmill of debt and secure your financial future.
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