Your finances are just like any else in life – they need a little attention every now and then!

A little of your time can seriously pay off though. You could save thousands with one or more of these financial tips for the new year!

Your circumstances will be unique, of course, so use this guide as starting point to get started on your own financial spring clean.

Clear your credit card debt with a 0% interest rate offer

If you’re paying off a credit card, moving what you owe to a new card with a 0% balance transfer offer will help you save on interest charges. For example, if you had an average credit card balance of $2,651 and a standard variable interest rate of 19.94% p.a., you could save up to $1,086 over 30 months with one of the balance transfer offers currently on Finder.

Refinance your home loan and save hundreds (or even thousands) of dollars

Refinancing your home loan is one of the easiest ways to save on your bills, because there’s the chance to save hundreds of dollars a month for just a few hours of paperwork and admin.

Slash up to $300 per year from your energy bills

Let’s assume you signed up to an energy plan over a year ago. Most discounts or benefit periods last 12 months. After that, you’re put on a standing offer as opposed to a market offer (the same can happen when you move house), which means you lose any discounts.

Fortunately, this is easy enough to action. According to the latest research, you could save between $180 and $300 annually if you switched from a standing to market offer.

All you need to do is start comparing energy plans available to you in your area.

Get the same mobile plan – but cheaper

Finder’s Consumer Sentiment Tracker (CST) found that Aussies, on average, spend $52 per month on their mobile plan. $50 gets you around 55GB of data each month. After digging through available plans on Finder, we found cheaper options that offer even better value.

For example, iiNet Mobile’s Extra Large Plan costs only $20 for the first 6 months and goes up to $39.99 after that, with a data allowance of 55GB. Overall, you’ll end up paying approximately $360 over the year.

Get new car insurance for life after lockdown

Recent Finder research looked into the average cost of 35 different car insurers, and found a big difference in prices. While one insurer’s average cost for a comprehensive plan was $628, another’s was as high as $3,479 – a whopping difference of $2,851.

Given the average Aussie pays $984 per year on car insurance, you could be saving at least $356 annually by shopping around for a better deal.

Switch your health insurance to a cheaper policy

Health insurance can be pretty costly, but switching to a new policy is often a risk-free way to save some cash. To switch, just sign up to a better value plan and your new fund will do the rest. Switching generally doesn’t affect your tax and waiting periods that you’ve served will normally carry across.

Switching health insurance also gives you access for some sweet sign-up deals! As long as you’re a new customer to the new provider, any sign-up deal should apply to you. Here are a few live deals from Finder partners.

Want 6 weeks free? Plus, any 2&6 month waits on extras waived

New joins on eligible hospital & extras by Jan 13. Find out how.

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Want up to $500 worth of gift cards?

Offer for new members ends Feb 28. T&Cs apply. Learn more.

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Get 6 weeks free + Waive 2 & 6 months waiting periods

Join hospital only or combined hospital & extras cover by 31st January 2022 for new members.

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Get $100 gift card + 10% off on extras premium (with combined cover)

Join hospital only or combined hospital & extras cover for new members. T&Cs apply.

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Join and earn up to 100,000 Qantas Points*

*Eligibility criteria and T&Cs apply.

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Get 6 weeks free. PLUS 2-month waits on extras waived

Offer applies for new joins on hospital and extras by January 31. T&Cs apply.

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