If we had the power to tell schools to teach one thing to today’s youth, it would be to budget.
Financial literacy is one of the most critical subjects in our lives, and yet, there isn’t that much emphasis on it in school.
If you are one of the millions who might think that you don’t know where to start when it comes to budgeting, you are far from alone.
While you can pick up the phone, (07) 3859 6599, and call the experts or use our handy contact form here, there is a lot of information on the internet that can get you started. The problem is cutting through the noise and finding the “good stuff” that will start you on your debt-free journey.
The federal government provides a fantastic resource for budgeting information. Moneysmart.gov.au is a rich resource that can help you get on top of your finances.
In one of their informative articles on budgeting, they mention eight key areas when setting up your home budget to think about.
- Set your money goals
- See where your money goes
- Set up a budget
- Track your income
- Track your expenses
- See where you can save
- Set a spending limit
- Review your budget regularly.
While this advice might sound obvious, these steps are regularly looked over and are the building blocks to achieving that financial freedom you want. They are essential if you are looking forward to those beautiful retirement years.
The only way to ensure that there is money for your retirement is to eliminate the debt in your life and maximize how your money is working for you. If you would like some advice on how you can achieve #LessDebtMoreLife, please feel free to contact us here to set up a free consultation.
It’s never too late to start, and there is so much to gain!