QAS INSIGHT | Summer 2017-18 edition

ADVERTORIAL

New year, new financial resolutions

2. Invest to grow your nest egg Buying property is a popular investment strategy however it’s important to remember it’s not the only choice. There are some simple ways to invest with less money than you might think. Getting financial advice is an excellent place to start to understand what kind of risk is right for you, and what type of investment suits your needs. You may want to consider making voluntary contributions to your superannuation, either via salary sacrifice or extra deposits. You can make some tax savings and get the benefit of compound interest on your savings – the more you invest now, the more you have later in life. Beginner investors can try a new range of financial apps that link to your bank account. They automatically round up amounts from everyday purchases to into diversified investment portfolios. You choose how much to round up by, and the level of risk you want in your investments. 3. Get smart about money matters You don’t have to read the financial media every day to get smarter about money. You can start with researching trusted financial blogs and websites (like QBANK). Websites and apps can be a wealth of information on all kinds of smart money management which could help you save in the New Year. If you’d like more information contact QBANK at info@qbank.com.au or call 13 77 28 . We wish everyone at QAS a Merry Christmas and a very Happy New Year.

Spending less, saving more and paying down debts are the most common financial resolutions for the New Year. At QBANK we’re dedicated to helping our service men and women stay educated on financial matters. We’ve put together three tips to stick to your New Year financial goals. 1. Give your bills a makeover By spending some time getting across your household bills, you may be able to identify some ways to save in the New Year. Make a list of all your regular bills and what you’ve paid over the past 12 months. Now you have a base to make comparisons and potentially negotiate a better deal with your current supplier or elsewhere. You can do the research yourself, or use an online comparison service to find the best deals for your needs. You can also invest some time into researching: • getting a better deal on your mobile phone by bundling it with other services like internet and streaming services • options to consolidate credit card debt on a balance transfer to reduce monthly interest • if you’re paying for the right extras in your private health insurance. You need to make the time, but the payoff could be well worth it.

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The Christmas Season can be stressful but help is only a phone call away: Priority One (QAS staff & families) 1800 805 980 Lifeline 13 11 14 Beyond Blue 1300 22 4636

SANE Australia helpline 1800 18 7263 Suicide Call Back Service 1300 659 467 Kids Helpline 1800 55 1800

Summer 2017–18