David Rankin advises, “If you have direct debits flowing from multiple accounts, it could pay to switch them all to just one account.” Streamlining your payments makes it easier to pay and track regular or recurring remittances, like utility bills, loan payments, etc. A second transaction account can serve as your accessible source of cash for daily expenses. How best to manage your bank accounts? Email us at info@sortmymoney.com.au to find out.
Lots of beauty appointments in your schedule? David Rankin was interviewed for SmartDaily and our favourite tip is something many of us can relate to, just because these expenditures are often small but regular. David says, “Because gym memberships, brows, waxing, nails, and pedicures are costs and appointments that tend to be on autopilot, they soon add up – is it possible to get by without them or to reduce what you spend on them?” At first, it can seem impossible to ditch old habits, but the sooner you start, the sooner you achieve financial stability. Need financial advice from […]
𝐃𝐢𝐝 𝐲𝐨𝐮 𝐜𝐚𝐭𝐜𝐡 𝐃𝐚𝐯𝐢𝐝 𝐑𝐚𝐧𝐤𝐢𝐧’𝐬 𝐭𝐢𝐩𝐬 𝐨𝐧 𝐒𝐦𝐚𝐫𝐭𝐃𝐚𝐢𝐥𝐲? The article talks about how to use downtime to clean one’s finances. Here are the tips from David we thought were very helpful. Assess your current spending. Transfer direct debits into one account. Minimise unused vehicle costs. Reduce unnecessary and costly appointments. 𝐈𝐟 𝐲𝐨𝐮 𝐧𝐞𝐞𝐝 𝐦𝐨𝐫𝐞 𝐨𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐞𝐫𝐦𝐬 𝐨𝐟 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬, 𝐬𝐭𝐚𝐫𝐭 𝐛𝐲 𝐚𝐬𝐬𝐞𝐬𝐬𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐞𝐱𝐩𝐞𝐧𝐝𝐢𝐭𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐜𝐡𝐞𝐜𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐛𝐮𝐝𝐠𝐞𝐭 𝐥𝐞𝐚𝐤𝐬. Email us at info@sortmymoney.com.au to know more.
“What are you no longer spending money on every day that you are not really missing?” – a question that David wants us to ask ourselves as we assess our finances. 𝐀𝐬 𝐥𝐞𝐢𝐬𝐮𝐫𝐞 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬 𝐚𝐫𝐞 𝐩𝐮𝐭 𝐨𝐧 𝐡𝐨𝐥𝐝, 𝐦𝐚𝐧𝐲 𝐡𝐨𝐮𝐬𝐞𝐡𝐨𝐥𝐝𝐬 𝐚𝐫𝐞 𝐬𝐞𝐞𝐢𝐧𝐠 𝐚 𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐞𝐟𝐟𝐞𝐜𝐭 𝐨𝐧 𝐭𝐡𝐞𝐢𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐞𝐬. 𝐒𝐨𝐦𝐞 𝐨𝐟 𝐮𝐬 𝐚𝐫𝐞 𝐫𝐞𝐚𝐥𝐢𝐳𝐢𝐧𝐠 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐢𝐭𝐞𝐦𝐬 𝐰𝐞 𝐮𝐬𝐞𝐝 𝐭𝐨 𝐛𝐮𝐲 𝐨𝐧 𝐭𝐡𝐞 𝐰𝐚𝐲 𝐭𝐨 𝐰𝐨𝐫𝐤 𝐚𝐫𝐞 𝐧𝐨𝐭 𝐧𝐞𝐜𝐞𝐬𝐬𝐚𝐫𝐲. “Lunches, coffees, and convenience foods on the way to and from work are no longer eating into many household budgets,” David adds. Email us at info@sortmymoney.com.au to find out more.
𝙉𝙤𝙩𝙝𝙞𝙣𝙜 𝙞𝙨 𝙨𝙩𝙤𝙥𝙥𝙞𝙣𝙜 𝙮𝙤𝙪 𝙛𝙧𝙤𝙢 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙡𝙞𝙩𝙚𝙧𝙖𝙘𝙮 𝙖𝙣𝙙 𝙨𝙩𝙖𝙧𝙩𝙞𝙣𝙜 𝙮𝙤𝙪𝙧 𝙟𝙤𝙪𝙧𝙣𝙚𝙮 𝙩𝙤 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙛𝙧𝙚𝙚𝙙𝙤𝙢. Money advice is easily available on various platforms, especially as we are scrolling through social media. However, with the amount of information you can learn these days, it can feel overwhelming, and sometimes you just need a clear-cut option. Learn easy money tricks from our professional budgeting expert. Call us at 1300 98 38 61 today!
David gives us his thoughts on hoarding bank accounts and why simple, streamlined accounts work better. In addition, a separate ‘living expenses’ account allows you to see– at a glance – how much you have to spend for the rest of the week. Find out what your main transaction account should be used for and why you need it. Check out this podcast to learn more.