There are two types of budgeter - those who know exactly where every dollar is spent and those who don’t. Which one are you? Managing your household budget is very simple when you have the tools. It can be as easy as 1, 2, 3.
When it comes to budgeting we usually fall into one of two camps. Those of us who account for every dollar spent down to the last cent by item or cost; and those of us who live month by month, just managing to cover our major fixed costs like the mortgage or Council rates, and spending whatever is left over. Nothing is saved.
For families, understanding your spending patterns is a group conversation. Talk about what you buy and where the money goes. Suggest that by agreeing to ‘go without’ some of the extras, the unimportant items each month, you may be able to afford a special family holiday or upgrade your car.
But more importantly, by putting money aside each month you will relieve some of the financial stress that can keep you awake at night.
Collins Mann ABN 88 098 705 152 is a Corporate Authorised Representative of Hunter Green Pty Ltd AFSL No. 225962. Managing Director Russell Mann (Authorised Representative No. 273590) is an authorised representative of Hunter Green Pty Ltd ABN 12 087 491 629 which is the holder of Australian Financial Services Licence No. 225962.
The information contained within this website does not consider your personal circumstances and is of a general nature only. You should not act on it without first obtaining professional financial advice specific to your circumstances. This website holds information for Australian Residents only.