An important reminder about spending as the cost of living bites.

I want to focus in this newsletter on the importance of monitoring and reviewing the money you spend.  

If you have any business debts, or personal debts for that matter, that put pressure on you in your business, it is so beneficial to review the rates and fees you pay frequently.  

Reviewing our mortgage has been a recent focus for us, despite only switching to a new bank twelve months ago.  

In the current environment, our mortgage is just not competitive with what new customers are offered.  

Many banks also have generous cash bonuses to help cover discharge and other costs associated with switching.  

It's only a few phone calls and appointments to switch between banks, and we have found the process relatively easy to do and so worth the effort, given how much money we have saved.  

This tip also applies to other business and personal expenses, such as credit cards, electricity, internet, software, and applications.   

I halved the costs of my Kajabi subscription simply by paying attention to the plans on offer (one amazing plan was trialled in Australia for a limited time).  

I recommend you keep reviewing your current contracts and plans and searching for better offers.  

It will have a huge payoff!