editor, Author at Sort My Money

Sort My Money founder David Rankin chats with Channel Nine’s Today Extra

on February 23, 2017

Sonia and David from Channel Nine’s Today Extra caught up with Sort My Money founder, David Rankin, to ask him for personal budgeting tips that stick. David and his team are assisting everyday Australian’s in achieving financial stability, working towards their financial goals and changing their money habits. Sort My Money charges the lowest fees – including no establishment fee or lock-in period – of any personal budgeting company in Australia. View the video below. Interview Transcript: DAVID (PRESENTER): We’re going to uncover the easy habits that you can put into action right now, today, to make your life better […]

Personal Budgeting is Not About Scarcity

on February 16, 2017

Many people associate a budget with scarcity, and that’s where they come unstuck. Once you understand that personal budgeting is all about abundance – and having an allowance for everything – that’s when it becomes fun. And, when it becomes fun, it becomes sustainable! An effective budget includes financial goals and aligns spending to those goals. For most individuals, general living expenses are the largest part of their budget and smaller amounts are set aside for long-term goals such as buying a home, starting a family, travelling or starting a business. Without a budget, it can be difficult to save […]

Budgeting for an Investment Property | The Hidden Costs | Personal Budgeting

on February 2, 2017

Anyone that owns an investment property knows that is comes with expenses. Whilst in the long term, investment properties can be a fantastic asset thanks to equity appreciation, it’s important to factor in – and budget for – those extra costs that people often forget about. Often people only consider interest and mortgage repayments when they consider purchasing an investment property, but in reality, there are other costs involved… So before committing to a long-term investment, ensure that you can cater for the following expenses so that your investment property does not cause you unnecessary stress! Insurance: Whilst you […]

Renovating and Budgets | Personal Budgeting

on January 19, 2017

Your reno wish list might be limitless, but remember that your bank account isn’t! Home renovations can soak up your spare cash like nothing else, therefore renovation budgets are imperative if you want to avoid unnecessary costs. Treat renos like a project. It’s up to you to ensure they come in on budget – because not doing so can be quite a costly lesson. You want your home to look fantastic and be practical for the whole family. But remember you should also consider which renovations will increase your property’s value. Renovation budgets assist people in deciding where best […]

Sort My Money features in New Idea | Personal Budgeting

on January 16, 2017

Budget Tips from Sort My Money founder David Rankin BUYING A HOLIDAY HOME…is it worth it? Looking for a sea change or tree change? It pays to do your research. Ever wished you could own a little slice of your favourite holiday paradise and make money as well? We asked David Rankin, award-winning bank manager and founder of Sort My Money (www.sortmymoney.com.au), about the pros and cons of investing in a holiday home… USE YOUR HEAD, NOT YOUR HEART The idea of beach swims every morning or long country walks sounds like heaven, but if you’re considering buying a holiday […]

Plan your meals effectively | Budgeting Tip

on November 18, 2016

Another budgeting tip from Sort My Money Proper planning saves dollars! The best budgeting tip anyone can give you is to Plan, Plan, Plan. Many households find that grocery shopping can become quite a costly affair, particularly when adding in unnecessary items like junk foods or purchasing items that ultimately go to waste. Meal planning not only saves you money, but it also saves you making multiple grocery shops per week (and this is often where more unnecessary items make their way into the basket!) Plan your meals ahead & take advantage of weekly specials or discounts when preparing your […]