Set Up the Kid’s Bank Account

kid's bank account

๐’๐จ๐ซ๐ญ ๐Œ๐ฒ ๐Œ๐จ๐ง๐ž๐ฒ ๐ž๐ง๐œ๐จ๐ฎ๐ซ๐š๐ ๐ž๐ฌ ๐ฌ๐ž๐ญ๐ญ๐ข๐ง๐  ๐ฎ๐ฉ ๐š ๐›๐š๐ง๐ค ๐š๐œ๐œ๐จ๐ฎ๐ง๐ญ ๐Ÿ๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐ค๐ข๐๐ฌ ๐š๐ฌ ๐ž๐š๐ซ๐ฅ๐ฒ ๐š๐ฌ ๐ฉ๐จ๐ฌ๐ฌ๐ข๐›๐ฅ๐ž. Its positive impact to your child’s life, especially on their future endeavors, will become something worth more than money itself. David Rankin answers the most common questions parents have about setting up a kid’s bank account. What are the advantages? What should you look out for? Read more about this wonderful financial tip here.  

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The Dessert Devoteeโ€™s Weakness

The Dessert Devoteeโ€™s weakness

๐“๐ž๐ฆ๐ฉ๐ญ๐š๐ญ๐ข๐จ๐ง ๐ข๐ฌ ๐ญ๐ก๐ž ๐ซ๐จ๐จ๐ญ ๐จ๐Ÿ ๐ฎ๐ง๐ง๐ž๐œ๐ž๐ฌ๐ฌ๐š๐ซ๐ฒ ๐ฌ๐ฉ๐ž๐ง๐๐ข๐ง๐ . Sometimes temptations come in the form of gadgets and clothing, but a lot of times these are in the form of food. The Dessert Devoteeโ€™s weakness is buying more food than needed, usually dessert or pastries with takeaway coffee or drinks. Avoiding this habit would be good for both your pocket and your health. Got a bad spending habit you need to break? Email us at info@sortmymoney.com.au to learn more.  

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Monetise Your Skills

Monetise

๐˜๐จ๐ฎ ๐๐จ๐งโ€™๐ญ ๐ง๐ž๐ž๐ ๐š ๐ซ๐š๐ข๐ฌ๐ž ๐ญ๐จ ๐ข๐ง๐œ๐ซ๐ž๐š๐ฌ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฏ๐ข๐ง๐ ๐ฌ, ๐›๐ฎ๐ญ ๐ข๐ญ ๐๐ž๐Ÿ๐ข๐ง๐ข๐ญ๐ž๐ฅ๐ฒ ๐ก๐ž๐ฅ๐ฉ๐ฌ! Earn more money from the job you already have and the skills you already learned. Think you can put in more hours at work and get overtime pay? Go ahead. Do you have the professional or technical skills that you can monetise? Do it, if you have extra time. Often, itโ€™s the things we already have that can help bolster our finances. So, take a good look around your house now because your startup might just be in front of you. Do you need a nudge? Email […]

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Make a Plan for Your Travel

Long term gain

Because leisure travel is a luxury, it is the perfect candidate for a savings plan. Make sure everything in your trip is accounted for so overspending can be avoided. If, however, you typically fund a holiday by borrowing money, you are setting yourself up for instant gratification. This can only lead to stress. Allow yourself a pleasurable and truly relaxing vacation without needing to pay back your loan as soon as you get home. Get more tips on how to successfully fund a trip abroad from our expert financial coach. Email us at info@sortmymoney.com.au to learn more.  

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Maximise Your Savings

DIY YOUR REGULAR OUTGOINGS

๐€๐ง ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐ข๐ง ๐š $๐Ÿ๐ŸŽ๐ŸŽ ๐š๐ฉ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž ๐œ๐จ๐ฎ๐ฅ๐ ๐ฌ๐š๐ฏ๐ž ๐ฒ๐จ๐ฎ ๐ญ๐ก๐จ๐ฎ๐ฌ๐š๐ง๐๐ฌ ๐ž๐š๐œ๐ก ๐ฒ๐ž๐š๐ซ. If you spend a significant amount of money at coffee shops, it’s probably best to invest in a good quality coffee machine. Aside from the savings, you get to be your own barista, customize your own coffee blend, and explore the flavour that works for you. Take something you always consume or do and see if you can save money by doing it yourself at home. ๐™ˆ๐™–๐™ญ๐™ž๐™ข๐™ž๐™จ๐™š ๐™ฎ๐™ค๐™ช๐™ง ๐™จ๐™–๐™ซ๐™ž๐™ฃ๐™œ๐™จ ๐™ฉ๐™ค๐™™๐™–๐™ฎ! ๐™‡๐™š๐™ฉ ๐™ค๐™ช๐™ง ๐™ฅ๐™ง๐™ค๐™›๐™š๐™จ๐™จ๐™ž๐™ค๐™ฃ๐™–๐™ก ๐™›๐™ž๐™ฃ๐™–๐™ฃ๐™˜๐™ž๐™–๐™ก ๐™–๐™™๐™ซ๐™ž๐™จ๐™ค๐™ง ๐™๐™š๐™ก๐™ฅ ๐™ ๐™ž๐™˜๐™ -๐™จ๐™ฉ๐™–๐™ง๐™ฉ ๐™ฎ๐™ค๐™ช๐™ง ๐™Ÿ๐™ค๐™ช๐™ง๐™ฃ๐™š๐™ฎ ๐™ฉ๐™ค ๐™›๐™ž๐™ฃ๐™–๐™ฃ๐™˜๐™ž๐™–๐™ก ๐™›๐™ง๐™š๐™š๐™™๐™ค๐™ข. Email us at info@sortmymoney.com.au to learn […]

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Budgeting Methods

Financial Habits

Sort My Money spent years trying and testing the best budgeting methods, so you wonโ€™t have to! Itโ€™s one thing knowing what to do, but knowing what to avoid gets you to your goals faster. Now, you donโ€™t need to waste time with trial and error methods, because our system will get your finances on track fast. Email us at info@sortmymoney.com.au to learn more. Check Financial Coach David Rankin here.

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