Apr 21, 2020
In this episode we are going to tackle the mighty house-hold budget. What are the simple ways to organise a budget and start to look at the management of our cashflow. Our expert today is Nick Preshaw who has worked as a Financial Adviser, and now as a coach - training financial Advisers for one of the countries top 4 financial institutions. Hopefully by the end of the episode, you will have some insight into what you are spending and simple ways to start changing your attitude towards spending and saving!
Where to Find A Financial Adviser:
https://moneysmart.gov.au/financial-advice/choosing-a-financial-adviser
Tips on a budget:
https://moneysmart.gov.au/budgeting/how-to-do-a-budget
Examples of Discretionary Costs:
Groceries
Leisure activities, going out, sports events, socials, theatre
Take-away food
Clothing / retail
Holidays
Travel costs (ubers/cabs)
Examples of Fixed Costs:
Mortgage repayments / rent
Gas, electricity and rates bills
Phone, internet
Insurance
Loan repayments
Fixed fees, child care costs, school fees, gym and other memberships or subscriptions, sponsorships
Car registration
Medical costs
Disclaimer: Any information or advice in this podcast is of general nature and does not take into account your personal circumstances, your objectives, financial situation or needs. You should consider whether this advice is suitable for you and your personal circumstances. The Reality Cheque suggests you consider seeking professional and tailored advice.