I recently came across this document and found it personally useful so I thought I'd share it with you. I'd recommend you read it when you have some time to take in the advice on offer and hopefully it goes some way to helping you manage your finances.
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10 Financial Tips from our partners at Irish Life

1. Plan a household budget: 
A family budget can help you control your household spending so that you have enough money to pay your bills and cover the basics on an ongoing basis. 


2. Start an emergency fund: 
Always have some money put by for unexpected events – we never know what’s around the corner. A rule of thumb is to have at least 3 months’ salary saved for emergencies.


 3. Get better value:
The Economiser is an interactive tool from the National Consumer Agency that helps you compare your spending against what other people are spending in areas such as mobile phones, broadband, groceries and energy. 


4. Manage your credit card. Here are some handy tips:

 a. Set up a direct debit

Take the hassle out of making manual payments to your account every month by letting the Direct Debit do the hard work for you. You can choose what percentage you want to pay and this means you avoid any unnecessary late payment fees and reduce interest charges by always paying on time.

 b. Plan your spend
Make a list and decide what you will use your credit card for e.g. emergencies, lifestyle purchases such as concert tickets, plane fares etc and what you will use your debit card for e.g. every day items such as grocery spending etc. Set yourself guide lines and stick to them.  This way you avoid any unnecessary impulse spending. Why not track your spending here (www.spendometer.ie) with the permanent tsb spendometer

 c. Check your statement
There’s a number of ways to check your account including over the phone and on-line. Reviewing your account regularly will keep you in control of your spending and you won’t accidentally go over your credit limit and incur fees. 


5. Get protected: Life insurance is not a luxury – it’s a need: 
If you want to cut costs, buying an insurance plan might not appear to make much sense. But a life cover plan is not a luxury, it’s a fundamental need. It helps maintain a family’s regular standard of living if something happened to the main breadwinner.  Research conducted in December 2010 by iReach Market Research found that nearly six in ten Irish parents felt they would struggle financially in the event of death or illness in the family. That’s why protection is something which really needs attention. 


For example, in reality the cost of €100,000 life cover is actually below €20 per month! So, for less than the cost of three bottles of wine a month you could help get your family protected. 


How much cover should your family have? Find out with our simple life cover calculator.

6. Get your tax back: 
Although some tax reliefs and credits have been abolished in the recent Budget, you can still claim tax back on many items, for example
Medical fees 
Renting your home (Rent Tax Credits) 
Pension and Income Protection plans
Mortgage interest 
Renting a room in your home to a private tenant (Rent a Room relief) 
Service charges for refuse collection, sewage disposal or domestic water supplies 
Fees paid for approved third-level courses
Why not go to www.revenue.ie for a full list of tax reliefs available.

7. Plan for your retirement: 
By starting a pension sooner rather than later, you can plan ahead to enjoy the retirement you want. In the next few years, the state pension won’t start until age 68, that’s why having your own pension plan is vital. Despite the tax relief changes to pension plans announced in the Budget, those investing in pensions can still get full tax relief this year - so you should really make the most of this while you still can. In the Governments 4 year plan the tax relief will gradually fall to 20%. This is still very generous! The Irish Life Pension Calculator  is a simple tool which shows how much you should save in your pension. 


8. Become a super-saver: 
With credit still difficult to come by, now may be the time to devise a ‘super-savings’ plan to help you get in the habit of squirreling away as much as you can. So instead of opening just one savings account, you could open a number of regular savers, each designed to help pay for things like holidays, new car, third level education costs and home improvements. 

9. Be smart with your investments: 
Consider an investment that suits your needs by doing a risk profile test to identify what type of investment is right for you. Generally, best advice is to spread your money across different types of investments/assets. 


10. Give your finances a regular check-up: 
Finally, It’s really important to regularly review your finances with your Financial Advisor, this way you’ll find it easier to keep on top of things. You can set up an appointment to review your finances free of charge with your Challenge Insurance Financial Adviser. It’ll only take an hour of your time and it will be arranged at a time and place that suits you.