Hi Everyone I thought it would be a timely reminder to do a few checks on our household budget items, firstly because those of us with Private Health Insurance have just had the goalposts changed. I know Scott Pape, The Barefoot Investor, has a great book on this, and please refer to your own resources. This is a quick call to do your update. Health Insurance This week the Health Funds brought in new levels of insurance so we need to jump online and check what they have done to our existing cover. Have they put us into a level that is no longer suitable for our needs or usage patterns? Electricity Accounts Is your account the best one for your household usage? Go online to your provider and do an update. Give them a phone call to answer any questions, and go from there. When I did this last year, there was a really good comparison website linked. Superannuation A few years ago I received a letter from my fund that was quite vague and I didn't recognise the importance of following it up. It turned out that they were going to alter the default settings to Income Protection Insurance and clients would have to manually opt out if it was not appropriate to their profession. I believe the Ombudsman has since told them what to do with this, but just in case...... Go online and check what settings your various insurances, if you have them in your account, have been set. I discovered that in my fund, they automatically set everyone to the most expensive level, like for construction workers, and I was able to reduce my premium significantly. Too bad I only looked into this about $2000 later. Please dont waste money on insurance you do not need.