Schools across the country head back soon and this is your timely reminder that the reduced speed limit in school zones is 40km per hour!
But what about the back to school sales? How can you use them to your advantage?
Obviously parents need to fill their book lists, but if you have the capability, now is a great time to stock up on supplies your children will need later in the year. Apart from getting a bargain, having stock on hand is a fabulous chance to reduce your stress levels when little Johnny needs a glue stick but it’s 9pm on a Sunday night…
We also know that kids seem to start growing as soon as the school uniforms are purchased – how about using lay-by to purchase the next size up? Most lay-by options offer an 8 week payment plan which gives you around two months to complete your purchase.
If you’re in business, these sales can help you and your budgeting too! There is no harm is stocking up on pens and paper (or whatever your stationery requirements are). Things that never go out of style or date and that are used regularly can often be purchased for a fraction of the cost in the “Back to School” sales. I also like to idea of picking up one of the pretty pens and notebooks that are currently on offer.
How will you be availing of the back to school sales?
It’s never too late in the financial year to start a Xero file.
One of the great things about Xero is the ability to import prior transactions direct from your bank and then use the cash coding function to code the entries in bulk.
To read more about Xero you can search on my website or go to www.xero.com.
For a consultation tailored to YOUR needs, contact The Tax Chic!
With Christmas done and dusted, I know that many of you will be looking at how you can ease the financial pressure next Christmas, or are thinking of ways to save a little extra any way you can.
One of the common suggestions you might see for saving is to go without your daily coffee – I absolutely cannot support this recommendation. Not only do I love my daily coffee (almost as much as I love visiting my coffee shop!), but baristas need to make a living too!
So in lieu of going without coffee, one of my favorite ways to save extra during the year is to set myself a 52 week money challenge. The basis of the challenge is that you commit to saving an amount of money each week – how much is completely up to you!
One recommendation is to add a dollar per week ie: week 1 = $1, week 2 = $2 through to week 52 = $52. Another is to reverse this ie: week 1 = $52, week 2 = $51 through to week 52 = $1.
I prefer the reverse option for a couple of reasons. First, I find it easier to save $50 a week at the beginning of the year than in December. Second, as I get used to going without that money I tend to keep putting more away, especially when I’m down to single digit savings.
A simple google search will yield a number of graphics from which you can print one to keep handy – go on, we’re only in week 3 of the year so it’s not too difficult to catch up!
PS This information is general in nature and should not be considered personal financial advice, please consult a registered financial planner prior to implementing any investment strategy.
In case you missed it, it’s a new year and EVERYONE is talking about creating a “new you”.
But what if you are already ‘Freakin’ Fabulous’ (as suggested by this cute pic I found on Instagram via @businesschicks), what then?
You probably know I already think I am fabulous (said totally in jest with a side of serious), just like I think you’re fabulous too (this is no joke).
So where am I going with this?
I want you to know that it’s OK to acknowledge the things you are good at. Just as it’s OK to have money or buy nice things, or be fit or be happy (whatever that means for you).
Just like it’s OK to want to make some changes and improve areas of yourself and your life that you aren’t happy with.
But there’s no need to change EVERYTHING.
Put simply – do what is right for you. New year, new you? or New year, same you? Whichever you choose, own it.