Book a call
Book a call

Reduce Energy Bill Cost

Energy gets expensive

The energy bill forms the largest part of most household budget's. #energy #Energybill #Budget #Householdbudget       #savings
Here are a few pointers on how you can manage it better.

1. Turn off appliances at the wall – don’t leave them on standby.
2. Beat the winter chill by keeping your heater at 20 degrees to save energy.
3. Washing your clothes with cold water can result in some big savings and let the sun dry your washing instead of a dryer
4. Short showers do more than just save water – they save energy, too.
5. Chilled beer as needed, an extra fridge can cost you over $250 a year.

To read more savings tips and to subscribe to our newsletters at www.financeandmortgage.com.au

Role of the Financial Advisor is changing

 

Changing Roles of a Financial Planner
You can plan your finances using an App these days.
Although technology has eroded some of the reasons for people to seek the help of a financial advisor, it has also created new opportunities for advisors to reach more people. #financialplanner #homeloan #wealthcreation #finance#financialadvisor

Many firms have embraced technology to a degree but have failed to see any
significant rewards. For financial advisors to get the most from their online profile, social media and technology as a whole they need to focus on:
1. Having a predefined ideal client type: Create your online profile and message to appeal to these personas.
2. Focus on providing value in exchange for basic contact information: Such as downloadable guides, webinars, videos, free online consultations. Use social media to share and promote.
3. Develop a re-marketing process: It is vital to continually engage with your contacts that are generated through your offerings, remind them of your firm and the benefits you have to offer them.

Discuss your marketing strategies with Madhu on 0425 341 086 or read more at www.financeandmortgage.com.au.

 

Tips to save money on your Energy Bill

 

 

 

 

 

 

Have you been considering a way to improve your home, get more money in your wallet, and have something to show off to your judgmental neighbors? You might want to think about investing in solar panels for your house. #renovation#investment #solar #Energybill #energy
Below are just four advantages of having solar panels installed in your home.

1. Reduced Electricity Bill
Installing solar power in your home gives you the freedom to look forward to receiving your next electricity bill, as you know it’s going to look much better than before the solar panels existed. Solar power cuts down your electricity usage significantly. If you’re on a budget, start with one and see what difference it makes.
2. Government Pay Back
State governments offer rebates and other financial incentives to those who install solar panels. Just make sure you do a quick search of local legislation as these pay backs change often.
3. Increase the Value of Your Home
Additions like solar panels can really increase your home’s value. You may not be planning to sell anytime soon, but just listing solar panels as a feature can boost your home as an asset, making it even more valuable in the immediate and longer term.
4. Love Your Environment
One significant advantage to the installation of solar panels in your home is the environmental benefit they bring.
Contact Madhu on 0425 341 086 for more saving tips and smart investments

Its a good idea to review and refinance your home loan

A mortgage is most likely the largest investment you will make, so you should regularly assess your home loan and see if refinancing can provide you with additional benefits. #refinance #homeloan #Creditcarddebt #mortgage#interestrate #broker #investment
Refinancing is when you switch your mortgage to another lender. There can be multiple benefits to refinancing.
1. To cash out home equity
Refinancing your home loan can be a great way to access home equity so that you can invest in another property. This is called ‘gearing’. Alternatively, you can use your equity to renovate, for home improvements or any other worthwhile purpose.
2. To consolidate debt
Rather than carrying personal loans or credit card debts at high rates, you should consider consolidating them into your home loan so you can pay off your debt at the lower rate. This enables you to pay the debt off faster and potentially save thousands of dollars in interest payments providing you maintain you repayments at current levels.
Madhu and her team can help refinance your home. Discuss on 0425 341 086.

THE SAME HOUSE OFTEN IS VALUED DIFFERENTLY

elephant (1)

Ever wondered why a home can be listed for one price, valued at another, lender-valued at yet another price and then sold yet another? #HomeBuyer#FirstHomeBuyer #Valuation #HomeLoan#ElephantStory This scenario is like the tale of the 6 blind men and the elephant. Each touched a part of the elephant and decides the whole big picture without any input from the others. The bank value If your home is mortgaged then your lender will definitely value it. This gives the lender security against the borrowed amount if you cannot pay your mortgage and the lender must sell the property to recoup its debt. Hence a bank valuation is usually conservative, sometimes 10%-20% less than the current selling prices of comparable homes. The selling agent’s price appraisal Real estate agents are commonly asked to assess the market value of a property. This will often help a vendor decide who to engage to sell their home. An agent will inspect the home and research comparable sales in the local suburb or town before producing written feedback with a sale price estimation such as “between $X and $X” or “from $X”. This price guide is used when advertising the house. The sale price The price the successful buyer is prepared to pay, and the vendor is willing to accept, on the day the contract is signed is the property’s legally binding sale price. Hot markets, high demand in certain areas and a big turnout on auction day can all have an effect on the final sale price for a property. The local council’s valuation The annual local municipal rates bill shows the notice a Capital Improved Value (CIV), site value, net annual value (NAV) and/or gross rental value (GRV). These figures are calculated using comparable sales data and the bi-annual figures from the State Valuer-General’s offices. Councils and water and fire authorities, use these figures to work out how much homeowners owe them for using their infrastructure and services. The homeowners’ price Every property owner will have a ‘dream price’ in their minds when they come to sell. It includes the memories, convenience factor and any add-ons made to the property. In the end the market will usually decide a property’s value by what a buyer is willing to pay for it at auction or through private sale. Are you looking for a valuation on your property? Contact me on 0425 341 086 or https://www.facebook.com/Madhu.Chaudhuri.FMS/ for a free property valuation.

education-costEducation costs particularly in the case of elite private schools, can consume a very large proportion of household disposable income.

High school fees at private schools will set families back upwards of $30,000 a year, and that is before the costs of school uniforms, equipment, building fund levies and extra curricular activities are taken into account.

There are a number of ways to save for education costs, and different options will suit different investors including Mortgage Offset accounts .

To find the right balance between your daily costs, mortgage payments and your children's higher education email us at loans@financeandmortgage.com.au.

savings

Start the new year with these saving tips!

If getting started has been a challenge, read on for some pain-free strategies that could help you free up some cash for your new car new home or that big annual holiday —because every bit you can save and invest for your future is money well spent.

*Skip One $20 Purchase a Week
Think about how quickly a twenty can exit your wallet: Your daily cups of coffee, that after-work happy hour every week can all easily add up to $20 or more—and fast. Eliminating these types of small expenses probably won’t require a major change to your lifestyle—but
that $80 a month you’re putting into your savings account could have a big impact.

*Slash a Big Monthly Spending Category by 10%
If you want to go a step further, ferret out a budget category that you feel could use a trim and try to shave just 10% from it. Maybe that means cutting a few work lunches a month from your food budget, or skipping a few movies to trim your entertainment costs.

*Try a Financial ‘Fast’ Once a Quarter
If you’re the type who likes to challenge yourself, consider taking a week once every three months or so to live as frugally as possible; then transfer what you saved over a typical week into your retirement account.

*Make Cash King for a Week
Try not using your plastic for a period of time—even if just a week—and see if you end up spending less than you would if you used credit. If you do, consider making this a weekly ritual. Skeptical? You’ll actually spend less as you watch the cash flow away.

*Redirect Old Debt Payments
If you’ve recently finished paying off a car, a credit card, a student loan or a personal loan, congratulations! That’s a big accomplishment. But before you start doing your happy “I now have more spending money!” dance, think about diverting that old payment amount into your savings account.

“Framing is a concept that captures how we behave differently based on how a situation is presented to us. In this case, a saver is framing their income as lower than it truly is by matching a reduction in expenses with an increase in savings." This strategy only works due to mindlessness. We often associate mindlessness with negative financial behaviors, but in this case, we’re using it to our advantage. If we were truly mindful about every paycheck we receive, this self-deception wouldn’t work.
So in a nutshell, spend mindfully but save mindlessly—it just might help you get a jump start on that nest egg. Contact us at loans@financeandmortgage.com.au to get started with the right advice.

Be your own Buffett!

buffettt

Known as the "Oracle of Omaha," Warren Edward Buffett is the investment guru and one of the richest and most respected businessmen in the world. He has spearheaded a conglomerate with holdings in the media, insurance, energy and food and beverage industries and is a noted philanthropist.

Here are a few tips to follow in his footsteps:

Buffett has noted continually, it’s terribly dangerous to attempt to time the market:

“With a wonderful business, you can figure out what will happen; you can’t figure out when it will happen. You don’t want to focus on when, you want to focus on what. If you’re right about what, you don’t have to worry about when.”

Forget about when to buy shares, focus on what shares to buy. And when you find the right company, buy it immediately. The right time to buy a great company is always today.

Investing is not like placing a bet on number 32 on the roulette wheel. Instead it’s buying a tangible piece of a business.

It is absolutely important to understand the relative price you are paying for that business, but what isn’t important is attempting to understand whether you’re buying in at the “right time,” as that is so often just an arbitrary imagination.

In Buffett’s own words, “if you’re right about the business, you’ll make a lot of money,” so don’t bother about attempting to buy stocks based on how their stock charts have looked over the past 200 days. Instead always remember that “it’s far better to buy a wonderful company at a fair price.”

These are just a few tips, you can tell us your ideas and also read more at http://www.financeandmortgage.com.au/blogs/

crossmenu