As the cost of living increases, people are starting to budget and plan much earlier on in their lives. But as easy as it sounds, budgeting is not as straightforward as most people think. If you’re having trouble budgeting, here are a few easy hints and tips to follow;

Take control of your spending
Set up a budget plan! Your budget needs to work best for you, so this means working with real numbers! Start by working out your income and main expenses, figuring out what you have left when all bills are paid. Once you’ve worked out your net income, you’ll be able to determine what you can do to make that figure a little higher. You might be paying for something you don’t use anymore.

Stay on top of your bills
Be smart with your money, make sure all your bills are up to date before making your next luxury purchase. Setting up automatic monthly payments for your phone bill, credit card bill or any other out-going bills will help you in the future! You don’t want to accompany a bad credit rating. A bad credit history can have serious consequences for your financial future.

Money for your future
Whether you’re saving for your next holiday, new car, first home or investment property it’s better to have some savings, then no savings at all. The more you save now, the less you’ll borrow.

Looking for more advice on budgeting and planning? call us on 1300 422 506 or fill out our enquiry form.


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