Do you have a household budget?

Writen by: on April 23, 2012



My first question is – does your household have a budget? Sitting down and making some time for your financial future is an important first step. Investing a small amount of time can pay off in the long term. Using a budget template is a great start, I will post mine in our fact sheet section of the website.
1. Make your payments around your pay cycles – this helps with your cash flow.
2. To reduce the effect of large unexpected bills, make regular payments. This comes at no extra cost to you, when you receive your bill it will only be the balance of the bill due or even possibly a credit! tha’ts a nice bill to receive.
3. Pay yourself! We all need some savings, even a small amount on a frequent basis will make a difference over the long term.
4. Protect yourself – make sure you review your insurances and that you are covered in the event of loss.
5. Don’t punish yourself – a budget is about helping your household achieve goals.

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A qualified tax accountant and business specialist, Barbara brings a unique skill set to her clients as a finance broker. Barbara’s desire to work with people and help them achieve their goals is what initially led her to the finance industry over eight years ago. She has a genuine desire to share her expertise and experience with clients while simultaneously supporting charitable organizations and community events. Barbara’s favorite saying is: “The real secret of happiness is not what you have or what you receive; it’s what you share.” You can find her on Google+ and facebook or write to her at barbara@financinghope.com.au.