- Create a budget. And stick to it. Tip! Before you can get spending under control, you need to know how your income compares to your expenses. Download a smartphone app that can help you record everything you spend.
- Be debt smart. Make a list of your debts & organise them in order of annual interest rate. Pay off those debts with the highest interest rates first (likely your credit cards).
- Raid the pantry. Get creative in the kitchen regularly. This will help you save on groceries.
- Compare costs. Shop around on your home/health/car insurance, phone plans & electricity.
- Book a check-up. If you are more than a few years into your mortgage, it could be time for a review.
- Be organised. You would be amazed at how many gifts you buy each year. Make a list, allocate a set budget & buy gifts on sale where you can.
As you watch your bank balance increase, enjoy the feeling of being in control of your finances.
Would you like some help taking control of your finances? Contact us to book an appointment today.