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How to end 2024 richer than you started

Okay, so it’s Jan 8th, and you are checking your bank account and realise you’re down to $10… how do you reset so you can end 2024 with $10 grand in your savings account?

For a lot of us, after a very expensive fun time over the break – it might be time to reset your stuff financially. 

 The Briefing spoke to Effie Zahos is one of Australia’s most well-known finance commentators, about why January is the perfect time for a financial reset – and how to do it. 

Listen to the chat here:


“I think the important thing is, yeah, you’re right. It is a ‘new year, new you’ and you’ve got that kind of psychological mindset that you want to do better. So you’ve got to harness that. But also bear in mind that a lot of our money decisions are emotional too,” she explained.
The first thing you need to do is the be honest with yourself, she said.


“The first thing is to really have those conversations with yourself. Why is it that you just said now that your savings just run out, what’s happening? And in a lot of cases, it comes down to our relationship with money. It comes down to are we easily influence, do we have? Triggers that make us spend do we need to put fixes in place to stop us make our our spending. It’s those conversations that you really need to have with yourself, and then it comes down to, and I hate to say this because it it’s it, it’s really the foundation of everything. It’s really about two things. Money coming in and money coming out. It’s as simple as that.” 

She said printing out all your expense and going through with a highlighter was a great way to face your spending and consider how all the tap-n-go purchases add up. 

Household bills can also add up, so Effie suggested taking advantage of price comparison websites to ensure you’re getting the best deals. 

“There are plenty of savings to be made on your regular household bills. In fact, I have looked at what, how average household bills are, what the average person is paying on them versus what’s the cheapest in the market or say best value. And there’s a difference there of almost $12,000 a year in payments, it’s huge.”

For more tips like these, check out today’s episode of The Briefing.