Purple image of a hand holding a mobile phone with cards and coins surrounding it.

Five simple ways to a healthier hip pocket

If you want to boost your financial health this year, these tips can help get you in shape.

April Kenneally
April Kenneally 08 Feb 2023 ・ 2 min read
free-thinking
personal-loans
debt-consolidation

1. Set a budget

Research shows that those who keep track of their spending have greater financial wellbeing than those who don’t.

A budget is a great way to stay on top of your earnings and expenses, so you can make smarter choices in the short-term to help you achieve your long-term goals.

2. Kick a habit

If there’s a spending habit you’d like to curb, set a limit on the number of times you can buy the items each week or month.

Cutting back on smaller splurges such as takeaway coffee or food delivery can make a big difference and help you feel more financially fit.

3. Consolidate debt

Reduce your repayments or explore debt consolidation to bundle your bills into one simple monthly repayment.

A debt consolidation calculator can help provide an estimate of your potential repayments, so you can get back on track.

4. Pay off your credit card

Consider paying off or cancelling any credit cards or buy now pay later (BNPL) services to avoid excess spending.

Unnecessary personal debt can hinder your savings plans, so make sure to pay your bills on time and spend within your means.

5. Get a fresh perspective

Whether you have questions about your repayments or future lending needs, a Liberty Adviser can help get you closer to achieving your goals.

With access to a panel of residential lenders, they can support you with free-thinking lending options tailored to you.

April Kenneally
April Kenneally Author
April Kenneally is a writer for Liberty, with a passion for corporate social responsibility, personal finance and foreign affairs. She enjoys learning languages, planning her next travel adventure and being surrounded by dogs. April has a Bachelor of Arts and Business from UTAS and a Master of International Relations from Monash University.