Budget Bootcamp.
Week 3.


 

Activity 5: Ensure you're insured.

 

Woah we’re halfway there 
Woah hopefully not living on a prayer…. 

Let’s all hope that there aren’t too many more years like 2020 ahead.  

But in case there are, it’s a good idea to make sure you’ve got the insurance you need.  

Insurance gives you a bit of a safety net if the world decides to go all Armageddon on you. 

When taking out insurance, you should consider a number of options, including: 

  • home and contents 

  • vehicle 

  • health  

  • income protection

  • travel (if 2020 has taught us anything, make sure you read the fine print). 

As a rule of thumb, the higher the excess, the lower the premium – choose a balance that’s right for you.  

Check annually to ensure your premiums are as low as possible, whilst still giving you maximum cover.  

If you’re considering income protection, it can be a bit tricky. So, it’s worth checking out the guide from Moneysmart or speaking to one of our financial planners  – it's free.  

 

Your week 3 snapshot.

Activity 5.

Ensure you're insured

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