A new year's a great time for a fresh start! Start the year off right with these tips to get your financial house in top shape.
Set some goals for your money
What are your financial goals for the year? Talk to your partner/whānau and make sure you’re on the same page.
Use the Sorted goal planner and give yours a name and a dollar value. Try breaking these down into smaller, achievable steps to help you reach them.
Revisit your budget
Budgets change as our lives do; does yours still work for your current situation?
Don’t have a budget yet? Then the Sorted budgeting tool is for you – you work hard for the money, now tell it where to go.
Optimise regular expenses
Review recurring costs like internet, power and insurance, and check you're getting the best deal.
Make a plan to tackle any debt
Debt can be a drag - here's our guide to getting out of debt fast and a handy debt calculator.
Find out more about the two main methods to tackle debt – the snowball and the avalanche.
It may be worth looking into options to refinance to a lower interest loan, a balance transfer for credit cards, or consolidate debt.
Fill your rainy day fund
Having some money tucked away for emergencies could save your bacon in a pinch.
Three months’ worth of expenses is ideal, but every little bit you can sock away counts.
Get covered
Most of us need insurance for the bigger things - our homes, cars, even our lives.
Check that your policies are still suited to your situation and you're covered for the right risks.
Review your KiwiSaver
Make sure you're getting the most out of it! Use the Sorted fund finder to compare funds and check you're in the right type for your needs.
Looking to invest in other ways? Have a read of our guides on investing basics and different kinds of investments.
BONUS: Create/update your will
Without one, your wishes can't be followed! (And no, partners don't automatically get everything.) Be sure to revisit your will after any big life events like buying property; marriage or separation; or starting a family.
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