![]() ![]() car registration), you are expecting it and already have the money set aside. Imagine instead of being surprised when an annual bill arrives (e.g. Or how they could save money on food by shopping online or afford a holiday if their spending was under control. It’s not uncommon to hear people lament, saying if they knew how to budget money better they wouldn’t be subject to interest fees or late charges. Yet most people know enough to admit they could be using their money more effectively. Very few people, for instance, could tell you exactly how much interest they’re paying annually or what their savings projection is in 12 months’ time. This is because very few people have a clear and complete picture of their finances. It’s a fact that if you were to ask the average person on the street their exact financial position, they might only be able to tell you their next pay date and some bills they have to pay soon. Yet the majority of people have no plan for their money, despite that money is an essential resource for achieving economic security. Nor would you set out on a long trip without a map. You wouldn’t start building a house without a plan. It’s time to learn how to make a budget and safeguard your finances! Are you doing the most with your money? If you’re like the majority of Australians, you’re working hard to pay bills and debts, saving what you can and generally juggling to make ends meet.īut the fact you’re reading this page suggests that you don’t want to follow the majority. Most people are so busy working and earning money that it leaves little time to manage it properly. It’s little wonder, then, that less than 10 per cent of Australians say they have a personal budget to help with their finances. ![]() Instead, most of us learn our financial skills from our family and peers. If you would like to speak with a budgeting specialist about a personal budgeting plan, please contact us to arrange a free, no-obligation discussion.ĭealing with money is a fact of life, yet managing money is rarely taught at school. Starting a budget is the hardest part.Īs you read this information, please keep in mind that there are no one-size-fits-all solutions when it comes to money, which is why this resource is provided for general purposes only. These are all great reasons to start budgeting. Or perhaps you want to pay down your debts faster, break the cycle of week-to-week living by building an emergency fund or simply improve your financial fitness. If you’re reading this guide, chances are you’re wondering how to make a budget or thinking why is budgeting important? You might have a savings goal in mind, such as a holiday or house deposit. What budgeting is and why it’s important.Here’s everything you need to know about how to make a budget – this applies to personal budgets and household budgets
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