Get your finances blooming this spring

You clean out the fridge and organise the linen cupboard come spring-time, so why not give your finances a refresh too? If your finances include insurance, a budget, superannuation or multiple loans, it is important to spruce them up at least once a year. Here are a few simple tips to show you how.

Tidy up your home and contents insurance

Over the course of a year you are bound to have purchased some significant items for your home; a new gadget, perhaps an expensive watch or even the latest TV. Whatever it is that you’ve accumulated be sure to note it down and add it onto your insurance to make sure you are adequately covered.

If you are a home-owner, and especially if you have recently renovated or extended, it is important that you organise a re-evaluation and update your policy with your provider. This will safeguard you should anything happen to your most valuable asset.

Blitz your mortgage housework

With interest rates on your side, there has never been a better time to do a stocktake of your mortgage to ensure you are getting the most competitive rate.

Find out the scope of your current rate and entitlements and note what features you want to keep.  Then do a bit of homework and compare your loan to other loans available on the market. If you are happy with the status quo, good for you. Alternatively, if you aren’t, approach your bank/lender and express your concerns. You never know, they may offer you a better deal as a way of keeping your business.

There’s also plenty of mortgage comparison sites to help you separate the wheat from the chaff.

De-clutter your super

For many people, superannuation feels like it is a far-off entitlement almost like Monopoly play money. But the truth is, it is yours and if you are clever now you can maximise your retirement outcomes easily. Here’s how:

Sponge up your rewards

Like most people, you’re probably connected into multiple reward programs be it through credit cards, airlines or other loyalty memberships, and no doubt you’ve dreamt about that interstate or overseas trip you are going to take care of your points. What you may not know is that a lot of the points have expiration dates, so be sure to check the fine print and use them before you lose them.

Also, make sure you do an annual stocktake of the fees associated with your loyalty commitments. If you are not reaping any of the benefits, it could be worth re-considering whether you will sign up for another year.

Refresh your budget

Now that you’ve got your financial housekeeping in order there is no better time to update and rejuvenate your household budget. Firstly, audit your monthly expenses. Think fixed costs, debts, variable costs and discretionary spending and then map this against your income streams (from your job, pension income, shares or even an investment property). This will help to expose whether or not your obligations can be met and hopefully motivate you to start working towards your saving goals.

For further information about any of these money-saving strategies, contact Axios Financial Solutions on 9869 5555 or email, and one of our financial planners will be in touch.


Axios Financial Solutions are a team of respected and highly regarded financial planners with offices on St Kilda Rd Melbourne.  Axios helps their clients meet their desired outcomes by providing tailored financial services, strategies, advice and solutions.  You can contact them at or (03) 9869 5555.

Axios Financial Solutions Pty Ltd (ACN 007 299 014), is an Authorised Representative of Charter Financial Planning Ltd, Australian Financial Services Licensee 234665

Please note that the information in this article is of a general nature only and has not taken into consideration your individual circumstances. Should you wish to discuss your personal circumstances please call us on 03 9869 5555 or email

Level 3 The Metropolis
480 St Kilda Road
Melbourne Vic 3004