FINANCIAL AWARENESS DAY – 5 PERSONAL FINANCE TIPS

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The 14th August is Financial Awareness Day, so it’s a great time to reflect on your personal finances and make sure that we are doing all that we can to prepare for the future.

Here are a few tips to get you started:

1. Organise your finances

Take the time to go through all of your accounts, bank statements, and credit card bills. Make sure everything is up to date and accurate.

2. Set financial goals

Think about what you’d like to accomplish financially in the next year or two–whether it’s paying off debt, saving for a home, or investing for retirement.

3. Learn about investing

Research different types of investments and find out what kind of investment best suits your goals. Read books and articles, listen to podcasts, or take an online course.

4. Create a budget

Figure out how much money you have coming in each month, track where you’re spending your money, and figure out how much money you can save each month.

5. Talk to a financial planner

A financial planner can help you make the most of your money by creating an effective plan for managing your finances, setting realistic lifestyle and financial goals, and providing advice on how to reach them.

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Sources: https://www.holidaycalendar.io/holiday/national-financial-awareness-day

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