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Budgeting

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Do you know how much you spend – each week, each month, each quarter? If your money seems to disappear, try setting yourself a firm but achievable budget and start taking control of your money.

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There are many ways you can get your money working harder:

  • identify your medium to long term personal goals and prioritise them
  • take a hard look at your bills to see how you have been spending your money and work out where you can cut down
  • identify debts that have the highest interest charge and pay these off as a priority
  • consider having part of your salary regularly deducted from your savings account (ie. a salary sacrifice arrangement) and transferred to an investment account
  • create a realistic but firm budget to help determine your saving capacity
  • reward yourself when you reach budget milestones.

A Bridges financial planner can help you assess your individual needs, explain suitable investments and develop appropriate strategies.

 

For more information on how a financial planner can help you view the ‘How a financial planner can help’ online video?

This is general advice only and has been prepared without taking into account your particular objectives, financial situation and needs. Before making an investment decision based on this information, you should assess your own circumstances or consult a financial planner or a registered tax agent. In referring members to Bridges, Endeavour Mutual Bank Ltd does not accept responsibility for any acts, omissions or advice of Bridges and its authorised representatives. Examples are illustrative only and are subject to the assumptions and qualifications disclosed. Bridges Financial Services Pty Ltd (Bridges). ABN 60 003 474 977. ASX Participant. AFSL 240837. Part of the IOOF group.

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