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

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 […]

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Renovating and Budgets | Personal Budgeting

renovation budgets

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 […]

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Sort My Money features in New Idea | Personal Budgeting

personal budgeting

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 […]

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Plan your meals effectively | Budgeting Tip

budgeting tip

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 […]

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Sort My Money Founder David Rankin features across national newspapers. | Personal Budgeting

Budget Tips from Sort My Money founder David Rankin We are delighted with the prominent media attention which Sort My Money’s award-winning personal and business budgeting services have attracted throughout Australia in today’s (Monday November 14th) Herald Sun, Daily Telegraph, Courier Mail, Advertiser, Mercury, Cairns Post and Townsville Bulletin. A positive message about how successful budgeting is really all about abundance through gaining financial control, peace of mind and empowerment… relevant to both income earners and business owners alike. MORE DOUGH: David Rankin is a budgeting adviser who suggests baking your own bread and brewing your own coffee are novel and […]

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Don’t discount the discount stores! | Budgeting Tip

budgeting tip

Another budgeting tip from Sort My Money Do you take advantage of discount stores, markets and cut-price supermarkets? One great budgeting tip we swear by is shopping at discount stores! If there’s one near you, you’ll be amazed at just how much you can save! Take advantage of the savings at your local ALDI, NQR or Discount Grocery Outlet. These stores can often save you large amounts of money and quite regularly have generic products at a significantly discounted pric e that easily match their brand name equivalent. But be sure not to merely buy items just because they’re on sale… Ensure they’re […]

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