Your Foresters Financial MOT: Optimize Your Savings with Us
Taking care of your financial health is important for achieving your goals and securing a well-oiled financial future. To help you along the way, we have created our "Foresters Financial MOT" to make sure you’re getting the most from us while ensuring your savings strategy is suitable for you.
Here are some key steps to help you make the most of your savings with us:
1. Are your details up to date?
Ensuring your personal information with us is kept up to date is vital for us to keep you informed about your Plan. All you need to do is:
- Login to MyPlans: We make it easy to update your details with us on MyPlans. You can check your details by clicking on your
profile, here you can simply edit your details using the pencil icon. - Make sure your personal details are correct, and if any of these details are missing please add them in, so we can reach you for any notifications or updates.
If you have any trouble updating your details, please contact our Customer Services team who will be happy to help.
2. Adjust your contact preferences
We want to keep you informed about any new features, promotions, or products you may be interested in for you and your family.
You can tailor your communication preferences simply with MyPlans.
Just go to your profile and at the bottom you will see three sections, where you can choose your preferred channels and topics. Here is where you can choose to opt into our:
- Marketing emails/SMS – to receive occasional personalised updates and exciting new opportunities tailored just for you.
- Membership emails/SMS – keep you in loop about all the amazing things we do at Foresters, to enrich the community and how you can help out too.
- Plan notifications by SMS – these are servicing notifications that we will send you by text.
3. Perform a basic savings check-up
A regular financial health check can help you stay on top of your finances and make necessary adjustments. Here are some things to consider:
Refresh your budget
Review your budget: Take a close look at your monthly spending to see how much you can save after all your spending. And if you don’t have a budget yet this link is pretty helpful.
Identify areas for improvement: Look for unnecessary expenses that can be trimmed or eliminated.
Save for your emergency fund
Set a target: Aiming to save around three to six months’ worth of living expenses in an easily accessible account is a good starting point.
Automate your savings: Set up automatic payments to your emergency fund after each payday so you don’t forget, or accidently spend the money.
Evaluate your goals
Short-term goals: Whether it’s a sunny holiday, a new gadget, or a big purchase, deciding what you want to achieve and if it is within the next few years can help you decide how much to put away into a short-term savings account.
Long-term goals: Think about your future needs, like buying a home or funding your child’s education, and estimate how much you need to save and for how long.
It may be a good time to take a look at your existing payments into your Plan with us as saving a little extra can go a long way.
This is where we come in – if you want to check out our other savings products or want some assistance with your long-term financial planning, you can get in touch with one of our Financial Advisers.
Plan for retirement
Assess your retirement savings: Review your current pensions and contributions, and if you can add even a little more to your retirement savings this will help you take advantage of employee contributions and tax benefits.
Take action today!
Regularly updating your details, preferences, and financial plan can significantly enhance your financial well-being. Login to MyPlans or book an appointment with one of our Financial Advisers to give your savings a financial check-up today. Together, we can help you achieve your goals and a secure financial future.