Can you feel that warmth on your shoulders? Hear the bees buzzing? Yes, winter is nearly over, and spring is coming. We thought we’d celebrate by sharing ways to spring into the warmer months with some smart financial tips.

Save first, spend later

One way to get ahead financially is not to get behind. It sounds basic, but only spending money you already have means you can avoid crippling debt and interest rates.

Whether you have a financial goal like saving for your first home deposit, or just want to up the buffer zone, have the discipline to put aside a little money on a regular basis. Term deposit accounts offer higher interest rates. You may consider saving money in an account, which can then be offset against your mortgage.

Just like the gardener who plants daffodil bulbs early in winter to enjoy blooms in spring, when you put aside a little money on a regular basis, you will reap the benefits in the future. Our savings plan calculator can help get you started.

Slow and steady wins the race

Occasionally, you hear about a financial scheme that promises to make you rich, fast. If it sounds too good to be true, it probably is.

A beautiful garden is never a fast job. It’s the result of continuous work, over many years. So, too, is your wealth. Save your money. Pay your debts. Think long-term about your investment strategies. Get sound advice.

Diversify

Bees, birds and butterflies love a garden full of variety. Your investment portfolio may also benefit from diversity. If you are hoping to grow your money over time, talk to your financial adviser about strategies available to you. Maybe you invest in property, but also buy shares. Leave some of your money to grow in an interest-bearing account.

Don’t put all your eggs in one basket, so they say …

Grow your financial skills and knowledge

A good education is never wasted. A keen gardener invests time reading about garden planning, planting cycles and boosting nutrition. Growing your wealth requires similar dedication.

Australian Securities and Investments Commission (ASIC) shares practical financial advice on their MoneySmart website. You might consider attending a course in money matters. Our blog also offers lots of financial tips, suggestions and the latest financial news.

It’s also worth factoring in a chat with your financial adviser and Smartline Adviser. These professionals spend time getting to know the lay of the land, and can often point you in the right direction.