Part of saving money is, well, saving money!  By looking in the clearance racks you can save some serious money – which can then be put towards growing your wealth!

So, what should you look for in February?

  • Summer clearance items like clothes, shoes, and swimwear – If you have kids, buy a size (or two!) up and store them away.  If your bathers are looking a bit worse for wear, or if you know you’ll need a new pair of sandals next year, check the clearance racks.
  • Summer fun items like paddle boards, wading pools, sand castle sets, etc.  This will be at their lowest price this month, even though we’ll still have another 6-8 weeks of summer weather!  If you don’t need them now, consider putting some away for Christmas presents for the kids (or big kids) in your life.
  • Valentine’s presents like chocolates, stuffed toys, etc.  Valentine’s Day isn’t huge here, which means on the 15 of February there’s still plenty to choose from.  Chocolates can be put away for Easter, or (who are we kidding?) enjoyed now!
  • School supplies are on clearance.  This is the last year for the School Kid’s Bonus.  If you have a rough idea of what your kids might need next year, why not buy it now?  Pens, pencils, markers, and scrapbooks will never be cheaper.
  • School uniforms are also marked down.  While you’ll find a limited size available, it’s always worth checking; and it’s a great time to buy items like hats, socks, and art smocks.
  • Easter items are slowly starting to make their way into the shops.  Sometimes retailers will mark these down now to encourage you to buy early, or try a new product.  And who can resist hot cross buns?

Contact your financial adviser for more information on budgeting. If you don’t have a financial planner then contact us on 03 5338 7455 or http://www.ballaratwealth.com.au for a free, no obligation appointment.

Peter Angel

Authorised Representative of Aon Hewitt Financial Advice Limited

Authorised Representative No. 1234567

 Aon Hewitt Financial Advice ABN 13 091 225 642 AFSL No. 239183

This information may be regarded as general advice.  That is, your personal objectives, needs or financial situations were not taken into account when preparing this information.  Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it.  Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.