Back to Inspire Home

How to keep your financial planning on track

Keeping your finances in check is not the easiest task. How do you make sure you’re still headed towards your long-term goals? We’ve put together 7 tips to help you meet your financial goals.

Set up automatic deposits into savings

One of the simplest ways to start saving is automatic deposits into a savings account. Once you’ve decided how much you want to save each month, week or fortnight, you can set up automatic payments from the account your income goes into to a savings account. The same can be done for any bills you need to pay. Some energy providers even offer discounts for people who pay their bills via direct debit.

Afraid you're not getting the best home loan?

Compare rates from 35+ banks to see how much you could save.

Find a better deal

Watch your savings

laptop-computer-on-table Once you’ve setup your automatic transactions, the next thing you can do is to keep an eye on your savings. Are they progressing the way you want or need them to? Evaluate and reevaluate your savings regularly to make sure you’re on the right track to meet your goals.

Ever considered consolidating your credit card, car loan and home loan into one simple payment? Find a rate in seconds.

Re-budget frequently

Have your circumstances changed while you’ve been saving? Have you re-budgeted to reflect that? Re-budgeting your finances frequently can help to keep you on top of them. Even if you’re saving well, can you save more? If so, you could meet your goals sooner than you thought. Or you could save a buffer as prices can vary a lot over time.

It's always a good idea to keep an eye on your budget goals. If you need help in setting appropriate goals, financial planning.

Watch the market

Prices can vary as markets can change, going up or down regularly. If you’re the type to invest your finances, the best thing you can do is to keep a close eye on your money. Stock prices can change every day. If you’re looking to invest or you already have an investment, then watching the market should become a regular hobby for you in order to keep your finances on track.

How much can you borrow?

Find out what your monthly repayments might look like.

Calculate now

Be prepared for emergencies

Bad things can happen. Perhaps it’s an investment gone bad, sudden car repairs or a medical expense. Being prepared for these kinds of events means that if or when they hit you, they won’t hit as hard. Having a buffer for emergencies can mean keeping your finances where they need to be in order for you to reach your goals.

Celebrate when you do well

This doesn’t mean throwing a party every month when you’ve managed to save a little bit. This means acknowledging when you've hit your short term goals and maybe treating yourself to something small that won’t hurt your long term goals. Positive reinforcement can help you achieve goal after goal. You're less likely to give up on your financial goals if you feel like you’re being rewarded.

Reevaluate your goals

People change. Lives change. Sometimes what we want can change too. If your financial goals alter in any way, perhaps to something more expensive, you may want to consider changing your savings plan as well. Or maybe you’ve achieved your goals and you need to set new ones. Keep looking forward towards the future with your finances and you should have no problem staying on track.

How much can you save by refinancing?

Find out what your new repayments might be in seconds.

Find a deal now

Tags: financial security, saving, deposit

Check today's low rates

Tell us what you are looking for and see if you can save.

Search rates

Check today's low rates

Tell us what you are looking for and see if you can save.

Search rates
Home loan repayment saver tool

Home loan repayment saver tool

Enter a few details about your home loan and see how much you could save on your repayments

Important legal stuff

Lendi is the trading name of Lendi Pty Ltd (ACN 611 161 856), a related body corporate of Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence 442372). We will never sell your email address to any third party or send you nasty spam, promise.
# Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
Lendi is a privately owned and operated Australian business. Our mission is to change the way Australians get home loans by providing a faster, smarter and more secure home loan experience designed around the customer’s convenience and needs. Although Lendi compares over 1600 products (2,500+ products including feature and pricing variations) from more than 35 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 35% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors.
*WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years. Fees and charges apply. All applications are subject to assessment and lender approval. Quoted rate applies only to PAYG loans with LVR of 80% or less with security in non-remote areas. All applications are subject to assessment and lender approval.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
Made with love at Circular Quay in Sydney, Australia. © 2021. All rights reserved.