Build a Better Budget
In February, the minister of finance presents the national budget. Now is the perfect time to become minister of your own finances, take ownership of your financial health and work on your personal budget.
A budget has three parts:
- Money coming in (income)
- Money going out (expenses)
- The outcome (what’s left after expenses)
Tip: Your budget tells your money where to go instead of wondering where it went. Having a budget helps you feel in control of your finances and your financial health. Your “Money Move” this month is to spend some time working on your budget.
Whatever stage you are at on your financial journey – surviving, striving or thriving, learning how to budget and sticking to your budget is a vital skill to learn and practice. If there is one money move you make this month, chat to a financial coach about building or bettering your budget.
