A lot of the time we see people get into financial difficulty, it has been the result of not having a budget in place which results in credit card debt, unsecured debt, and then a situation where they find themselves requiring financial assistance.
When you spend more than you earn, an unexpected event can turn things upside down and that’s when things can start to spiral out of control. Sticking to a budget can help negate this.
What exactly is a budget?
In its simplest form, a budget is simply a plan for how you will spend your money.
It’s identifying how much you can spend and on what items as a result of the income you earn.
To be truly effective, budgeting has to be done honestly and taking into account all of your major expenses including mortgage or rent, food expenses, credit card payments, the hairdresser, clothing and even your weekly coffee or smashed avocado on toast budget.
The team a Debt Savvy recommend this is done every couple of months to ensure that you stay on top of your financial situation.
The best bit about budgeting...
How we can help you create your Budget
We’ve helped 100’s of Australians put together a realistic budget for their circumstances and would love to see how we could help you gain financial control.
Debt Savvy Pty Ltd ABN: 34 628 338 885, is an Authorised Credit Representative (ACR: 531087) of Professional Debt Solutions Pty Ltd. ACL Number 395184.
Debt Savvy Pty Ltd is also an affiliate of Australia Wide Administrators Pty Ltd (ACR: 530852) – RDAA#1658 and Professional Debt Solutions Pty Ltd.
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