Great budgeting exercise

[Andrew from Vista Financial]

Understanding your budget is fundamental for managing finances and also for looking at financial planning.

 

This is a very good tool to use for understanding where your money goes and most importantly your disposalable income and perhaps what you might be able to do and/or cut back on to increase your disposable income.

 

Good use of disposable income is one of the main ways of creating wealth as once determined it can then be directed into areas to reduce debt and/or build assets, for example overpayment on the home/investment loan, buying shares/units in managed funds, paying into Superannuation etc.

 

It's also a very good exercise to do in any event, here it is https://www.moneysmart.gov.au/tools-...budget-planner

 

 

Andy

Edited February 18, 2013 by Andrew from Vista Financial

[beckdownunder]

Hi Andrew,

 

Thanks for sharing this, I've just had a go, its a really good tool.

 

Cheers

 

Beck

[waynecaz]

Will get Wayne to have a look, I am crap at sorting money.

 

Cheers Andrew.

 

Carolyn.

[Sallyh]

Might just do that. Ours is changing drastically, DH starts full time study and part time work tomorrow. We have to change EVERYTHING.

[Anne B]

This looks really useful, thanks for posting it, I've downloaded the excel version so I can play with it later!