Improve your health and in turn improve your finances

73. Exercise more. Go for a walk or a jog each evening, and practice stretching and some light muscle exercise at home. These exercises can be done at home for very little, meaning you’ve got an activity without a lot of cost, and the health benefits are enormous. Just set aside some time each day to get some exercise, and your body and wallet will thank you.

74. Next time you fill a prescription at the chemist, consider buying the generic version. They are chemically equivalent but usually cost less.

75. With health insurance, make sure you’re not paying for things that you don’t need. Private health insurance can be expensive but can save you a lot of money as well. Compare costs and features of funds – there are many businesses that do this for you.

76. Question whether you need the vitamins that you’re taking – they can cost a lot of money!

77. Prevention is cheaper than a cure, so try to pay attention to your diet and exercise, to stay in good shape!

78. Get regular health checks from your doctor to make sure you’re healthy. Check whether your health fund or your employer provides any benefits.

79. If you have a pet, investigate pet insurance for emergencies.

Children’s Savings Tips

80. Join your local playgroup for a fun and inexpensive way to entertain the kids.

81. Label your child’s belongings. A small outlay on nametags could save a large outlay on replacing lost items!

82. Be strategic about the number of extra-curricular activities they do. It’s possible to have too much of a good thing! With regards to extra-curricular activities, try to organise cost-effective group sessions rather than one-on-one coaching.

83. If you are eligible, don’t forget to claim any government subsidies or tax concessions/rebates.

84. Teach your children good spending habits by being a good role model.

85. Teach your children about the value of money by having them do chores for their pocket money.

86. Make it compulsory for children to save some of their pocket money on a regular basis. Some banks have excellent children’s bonus saver accounts.

87. Buy kids clothes when the big sales are on, and buy the next size(s) up.

88. Call your local community centre and see what children activities they have to offer – you’ll find they have a lot off free things to do!

Tomorrow we have Part 8 – Holiday planning and Savings and Make More Money