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While we may all have experienced 2022 differently, it’s safe to say that most of us are wrapping up the year with a common thought: it’s time to take some time off and just relax – whether that means staying home and putting your feet up or taking that long-awaited trip where you can let your hair down.
For many of us, it’s that time of the year when financial planning tends to take a backseat and holiday planning takes the wheel, when comfort replaces common sense, and leisure comes before logic. At Efficient Wealth, be believe in a balanced approach and by partnering with us this festive season, you will ensure to give yourself that one-step ahead come January 2023.
Before holiday mode takes over completely, have you made the following part of your holiday planning?
Budgeting
Have you drafted a holiday budget? During the holidays, be sure to stick to your budget. Dawie Roodt refers to overspending as the monkey that pulls your ear. Determine the amounts that you are able to spend on entertainment, gifts and travelling, and then stick to it. Nobody likes to play catch-up early in the year because of overspending throughout the holidays. Start your 2023 in a strong position.
Household expenses
If you are not going to be home for the holidays, prepare your house before you hit the road. Switch off all unused appliances to save on electricity bills. Have you updated your insurance to ensure that your building and household contents are comprehensively covered throughout the holidays? With all the projected loadshedding, are you covered for power surges? Speak to one of our experts today and let us review your short-term insurance cover for the holidays.
Family needs
Did you know that all registered medical schemes offer families a window period in which they can upgrade options without underwriting for the following year? You only have time until the end of the year to do this. Will your current healthcare options still fit your needs and lifestyle in 2023? Our experts can help you with this yearly review, so contact us before you pack your bags!
Personal needs
Did you take reasonable steps to ensure that your life cover is sufficient for unforeseen events over the festive season? Daily risks include travelling on major roads in South Africa, water sports, fishing on boats, and many other adventures you might consider. The fact is, accidents can happen to anyone. We can help you be prepared for the unthinkable.
Investments
This year was one of the most difficult years for investors. Factors like the Russia-Ukraine war, inflation, high interest rates, and China’s COVID-zero lockdown, all impacted on the markets. Our experts can help you with your local and global investment needs. We recommend speaking to an expert before winding down for the year to place yourself a step (or three) ahead for 2023.
True relaxation is only possible when your mind is at ease. Holistic financial planning is what we do best. Before taking your well-deserved rest this holiday, partner with Efficient Wealth!
This post and content is sponsored, written and provided by Efficient Wealth.
