2. Contents

3. Topic

4. Sorting out your money Step 1 Know what you spend Keep a spending diary Use the spending calculatorspending calculator

5. Sorting out your money Step 2 Know what you have coming in Do an income and expense check

6. Sorting out your money Step 3 Identify your financial goals Make a money goal plan

7. Sorting out your money Step 4 Future planning Use the 12 month budget planner and expense tracker Use the EconomiserEconomiser

8. Sorting out your money Step 5 Reviewing (on-going) Online Calculators Expense Sheets Shopping Checklists Economiser Budget Planner

9. Sorting out your money Money Saving Tips 1.Utility bills 2.Shop around 3.Tax reliefs/Refunds? 4.Entitlements? 5.Credit card 6.Supplement your income 7.Unwanted subscriptions 8.Insurance policies 9.Financial product comparisonsFinancial product comparisons

10. Topic

11. Saving and investing Issues to consider:  Review your budget  Pay off loans

12. Saving and investing Issues to consider:  Do like for like comparisons of returns  Compare options  Get advice

13. Saving and investing Issues to consider:  Understand risk  Consider security  Protect your money

14. Saving and investing Short Term

15. Saving and investing Medium Term

16. Saving and investing Long Term

17. Saving and investing Watch out for scams

18. Topic

19. Protecting your family & belongings Bad things happen: Burglars steal Accidents happen People get sick

20. Protecting your family & belongings Minimise the impact: Insurance can cover Illness, injury or disability Redundancy Accident Death Damage or loss of goods

21. Protecting your family & belongings 1.Plan for when things go wrong 2.Shop around for good deals 3.Review your needs and policies

22. Topic

23. Borrowing Money Issues to consider  Do you really need it?  Can you save up for it?  What type of credit suits your needs?  What providers / deals are available?  How long should you borrow for?  Can you afford the repayments?  What happens if things go wrong?  What’s the impact on your credit rating?

24. Borrowing Money Loan€5,000 Term5 years APR9% Monthly Repayment€102.94 Total Cost of Credit€1,176.49 Comparing Loans with Different Terms Loan€5,000 Longer Term10 years APR9% Monthly Repayment€62.39 Total Cost of Credit€2,486.97 €1,310.48 more with longer term Comparing Loans with Different APRs Loan€5,000 Term5 years APR9% Monthly Repayment€102.94 Total Cost of Credit€1,176.49 Loan€5,000 Term5 years Higher APR13% Monthly Repayment€111.94 Total Cost of Credit€1,716.50 €540.01 more with higher APR

25. Borrowing Money Getting a Mortgage First Time  Save  Research  Shop Around  Approval

26. Borrowing Money Getting a Mortgage First Time  Terms  Keep all Documentation  Tax Relief  Review

27. Borrowing money : Reviewing your mortgage  Why?  How?

28. Borrowing Money Current Mortgage€250,000 Term30 years APR4.45% Monthly Repayment€ 1,246.26 Total Cost of Credit€ 198,653.01 Increasing Repayments & Reducing the Term of your Mortgage Current Mortgage €250,000 Shorter Term c. 25 years APR 4.45% New Monthly Repayment € 1,370.03 Total Cost of Credit € 161,010.42 €37,642.59 less with shorter term Switching Mortgage Lenders for a Lower Interest Rate Current Mortgage €250,000 Term 30 years New lower APR 4.05% New Monthly Repayment €1,190.18 Total Cost of Credit € 178,466.29 €20,186.72 less with lower APR Current Mortgage€250,000 Term30 years APR4.45% Monthly Repayment€ 1,246.26 Total Cost of Credit€ 198,653.01

29. Topic

30. Dealing with debt 1.Prioritise your debt List priority and secondary debt 2.Revise your budget Budget planner 3.Contact lenders/MABS asap Keep records of all contact Renegotiate repayments

31. Dealing with debt 4.Manage new repayments Pay the right amount, on time 5.Keep up to date Review finances as things change Review your budget regularly

32. Topic

33. Planning for later life Your Pension Contributions Your Employers Contributions (if they make any) Government Support (by tax relief)

34. Planning for later life Starting out

35. Planning for later life Early-mid career 8-10 years before retirement At retirement

36. Planning for your later life Current income Salary Wages Overtime Bonus Retirement Income State pension Employer pension Private pension Savings Pensions Board Calculator

37. Sum up slide