Check off these 5 financial tasks to finish 2024 strong

2024 is winding down, but there’s still time to tick off some key financial tasks and set yourself up for a solid finish. By making a few smart moves now, you’ll not only wrap up the year with confidence but also kickstart 2025 with your finances in great shape. Here are five must-dos for your financial list to head into the silly season and new year with confidence.

1. Review your interest rates

Interest rates have been a bit of a roller coaster in the last year or two, so now’s the time to see if you’re still getting the best rate possible on your savings accounts, home loans, and more. Even a small difference in interest rates on a home loan can save or cost you thousands over the life of the loan. And if you’ve got savings, make sure your bank’s offering competitive rates that’ll give your balance a helpful nudge. A quick comparison check can put your money to work where it counts most.

2. Contribute to your super

It’s easy to let superannuation slide to the bottom of your priority list, but making extra contributions, even small ones, can have a long-term impact. Check out your super fund's options and consider adding a little extra if you can swing it. It’s a straightforward move now that could make a world of difference down the track.

3. Tidy up your budget for the holidays

With the festive season fast approaching, it’s easy for spending to spiral if you’re not prepared. Get ahead by tidying up your budget now, setting realistic limits for holiday spending, and finding where you might trim a little here and there. This way, you can enjoy the holiday cheer without feeling the January hangover. 

4. Cash in on unused perks and rewards

If you’re part of a rewards program, loyalty scheme, or subscription service with end-of-year perks, now’s the time to cash in. Whether it’s points that can be redeemed for gift cards, discounts on travel or shopping, or special offers on memberships, these perks can often be overlooked. Maximise your benefits before they expire to make the most of what you’re already paying for. 

5. Take stock of your investments

Finally, take a moment to review your investment portfolio. Check that your share trading aligns with your risk tolerance and financial goals as we head into 2025. And if you’re keen to start fresh or make adjustments, now’s the perfect time. Whether you’re invested in shares, ETFs, or other options, having a clear view of your investments can help you make informed decisions for the year ahead.

Finish the year strong, knowing you’re on top of your money game, and start the new year ready to take on whatever comes next.