personal finance Archives - Page 46 of 59

Consider Renting Before Purchasing

on March 14, 2022

“𝗜𝘁’𝘀 𝗮 𝗴𝗼𝗼𝗱 𝗶𝗱𝗲𝗮 𝘁𝗼 𝗵𝗶𝗿𝗲 𝗮 𝗵𝗼𝗹𝗶𝗱𝗮𝘆 𝗵𝗼𝘂𝘀𝗲 𝗮𝘁 𝗹𝗲𝗮𝘀𝘁 𝗼𝗻𝗰𝗲 𝗯𝗲𝗳𝗼𝗿𝗲 𝗰𝗼𝗺𝗺𝗶𝘁𝘁𝗶𝗻𝗴 𝘁𝗼 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗼𝗻𝗲,” 𝘿𝙖𝙫𝙞𝙙 𝙨𝙖𝙮𝙨. David’s tip is to spend a few days, or even weeks, renting a holiday home before deciding whether to purchase one. Some people find that this period manages to scratch the holiday home itch and save themselves from expenses. Got questions about your upcoming home purchase? Consult with our professional financial coach. Email us at info@sortmymoney.com.au.

Plan and Schedule Your Grocery Spending

on March 11, 2022

𝐇𝐚𝐯𝐢𝐧𝐠 𝐚 𝐫𝐞𝐠𝐮𝐥𝐚𝐫 𝐬𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐬𝐜𝐡𝐞𝐝𝐮𝐥𝐞 𝐢𝐬 𝐚 𝐠𝐨𝐨𝐝 𝐦𝐨𝐧𝐞𝐲-𝐬𝐚𝐯𝐢𝐧𝐠 𝐡𝐚𝐛𝐢𝐭. We usually spend more, day to day, on food than on anything else. So, this once-a-week routine will help you keep track of your expenses. Ideally, buy most of this as cheaply as possible – at Aldi and discount fruit-and-veg shops. Then top up at either Coles or Woolworths on the same trip. Challenge your grocery budget this week and see how much you can save. Do you want more financial tips? Email us at info@sortmymoney.com.au.

Have a Strategy in Achieving Your Financial Goals

on March 9, 2022

𝐖𝐢𝐬𝐡𝐢𝐧𝐠 𝐭𝐨 𝐚𝐜𝐡𝐢𝐞𝐯𝐞 𝐲𝐨𝐮𝐫 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐠𝐨𝐚𝐥𝐬 𝐢𝐬 𝐧𝐨𝐭 𝐚 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐲. 𝘼 𝙛𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙥𝙡𝙖𝙣 𝙞𝙨 𝙗𝙖𝙨𝙞𝙘𝙖𝙡𝙡𝙮 𝙖 𝙙𝙚𝙩𝙖𝙞𝙡𝙚𝙙 𝙢𝙖𝙥 𝙤𝙛 𝙮𝙤𝙪𝙧 𝙙𝙚𝙨𝙩𝙞𝙣𝙖𝙩𝙞𝙤𝙣 𝙩𝙝𝙖𝙩 𝙠𝙚𝙚𝙥𝙨 𝙮𝙤𝙪 𝙤𝙣 𝙩𝙧𝙖𝙘𝙠. With a few skills and tricks, you will survive the challenges and ultimately achieve your target income. We can continue to hope, but making smart financial moves can get us there faster. Need guidance on planning your finances? Email us at info@sortmymoney.com.au.

Make Money with Your Vacation Home

on March 7, 2022

𝐈𝐭 𝐩𝐚𝐲𝐬 𝐭𝐨 𝐝𝐨 𝐲𝐨𝐮𝐫 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡. Ever wished you could own a little slice of your favourite holiday paradise and make money as well? Whether you are planning to buy a vacation home by the beach or in the mountains, make sure you’ve done a run-down of considerations. David Rankin, award-winning financial coach and founder of Sort My Money talks about the pros and cons of investing in a holiday home. Check out here! Need help with managing your finances? Reach out to us at info@sortmymoney.com.au.

Boost Your Income

on February 28, 2022

𝐓𝐞𝐬𝐭𝐢𝐧𝐠 𝐭𝐢𝐦𝐞𝐬 𝐜𝐚𝐥𝐥 𝐟𝐨𝐫 𝐢𝐦𝐚𝐠𝐢𝐧𝐚𝐭𝐢𝐨𝐧, 𝐢𝐧𝐬𝐩𝐢𝐫𝐚𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 – 𝐲𝐨𝐮𝐫 𝐜𝐡𝐚𝐧𝐜𝐞 𝐭𝐨 𝐫𝐢𝐬𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞! Ideally, extra income should be easier to earn. David suggests using what you already have, whether it’s items, skills, or space, and spending a couple more hours a week putting these to work. Even if these extra earnings are only part-time, they can seriously boost disposable income, because they are mostly “cream on top.” Do you want more tips? Email us at info@sortmymoney.com.au.

Guilt-Free Expenses

on February 25, 2022

𝟏𝟎 𝐭𝐡𝐢𝐧𝐠𝐬 𝐲𝐨𝐮 𝐬𝐡𝐨𝐮𝐥𝐝 𝐧𝐞𝐯𝐞𝐫 𝐟𝐞𝐞𝐥 𝐠𝐮𝐢𝐥𝐭𝐲 𝐚𝐛𝐨𝐮𝐭 𝐬𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐦𝐨𝐧𝐞𝐲 𝐨𝐧. Building wealth isn’t all about saving money. Increasing your savings while spending your money is possible, as long as you spend it on the right things. Some of the items on this list are the following: a car loan, a coffee machine, and a platinum credit card. Not the items you expected? Find out how and when these items become valuable. Check out more items from this article featuring Sort My Money’s David Rankin.