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.  

Learn financial literacy 

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. 

Get financially fit 

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. 

Calculate your pension 

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. 

Learn about company pensions 

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.  

Find out more 

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 

See if you’re ready to retire 

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