Financial wellbeing
Give Up Bad Financial Habits for Lent (and for Life!)
February 9th, 2024
• 3 min read
Written by Irish Life Financial Services
What are you giving up for Lent this year? It’s great to take a break from chocolate, alcohol, cigarettes, or any other vices you might be putting aside for 40 days – but don’t keep those bad financial habits you’ve built over the years.
When you’re making grand plans to improve your physical and mental health, make sure that you don't neglect your financial health. We’ve pulled together a few articles, tools, and guides to help you take your financial life by the horns.
Take control of your finances
Take practical steps towards financial well-being. It could be as simple as taking stock of your budget; these articles offer valuable advice on improving your financial health and reducing stress.
Get financially literate
Revamp your financial game by mastering the basics – from budgeting sensibly to tackling debts strategically to making the most of income tax relief and investment opportunities.
Explore ways to improve your financial wellbeing
Learn how budgeting, setting financial goals, and reviewing financial products can help you live a more stable life. Taking small, consistent steps to take control of your finances is the path to feeling in control and reducing stress.
Look after your financial health
Take steps to financial fitness
If finances are stressing you out, you’re not alone. Take the opportunity to evaluate your finances – just like your physical and mental well-being, improving your financial health can go a long way towards improving your life.
Sort your pension
It’s one of the best investments you can make, and better yet: it’s investing in your future. Find out all about pensions and – if you haven’t already – make this the year you start yours.
Check if you’re on track
Whether you’ve already got a pension or you’re looking to start one, the Irish Life pension calculator can show you what you need to save now to sit back and relax later. Plug in your age, income, and a few other details and see where you stand in just a few minutes.
Get on board with your company’s pension
Maybe you’re struggling to wrap your head around how pensions work. We’re here to make it simple – learn about the ins and outs of different pension plans and how they can benefit you and boost your standard of living in retirement.
Max out your income tax relief
No dodgy accountants or Caribbean accounts here – you can pay less tax legitimately by maximising your pension savings with AVCs (Additional Voluntary Contributions). Learn how to maximise your pension investment and save more for retirement.
Chat to a financial advisor
It’s one of the best steps you can take towards relieving financial stress and planning for the future, and yet most people don’t do it. Why not speak to a financial advisor and get the guidance you need?
Financial advice isn’t just for the wealthy
You might think a financial advisor is only for older people with huge net worths, massive stock portfolios, and multiple residences to maintain (try it sometime). It isn’t: financial advice can help anyone at any age, no matter their status.
Learn why financial advice is right for you, too
Financial advisor cheat sheets
Financial advisors know what they’re about, and they can help you with any questions you might have – but if you want a few extra questions for them about pensions, life insurance, and retirement, check out the articles below.
Find out what to ask a financial advisor about pensions
Find out what to ask a financial advisor about life insurance
Relevant articles
Beat Blue Monday: Stick to Your Financial & Health Resolutions
The Benefits of Financial Advice: It’s Not Just for the Wealthy
Smart financial habits worth starting today
3 Steps Towards Getting Financially Fit
Spend Smarter and Save More – How To Budget Your Money Monthly
Are you sticking to your New Year’s financial resolutions? We show you how!
Yearly Budgeting – How to Plan for the Year Ahead
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