It doesn’t really matter how much money you have or make, sometimes it just doesn’t feel like it is enough

Have you ever wondered why you should save or how much should you save?

Have you ever stopped to think that not saving is actually potentially sacrificing your future financial security?

For most of us ‘spending’ is the first thing that springs to mind when we have money. So when a financial adviser suggests the idea of having a ‘budget’ most of us recoil in horror. It’s because many people believe that budgeting is all about sacrifice – in other words, having to cut back on life’s luxuries we enjoy today to pave the way for a future lifestyle in retirement.

However budgeting isn’t really about sacrifice, it’s more about gaining a clear understanding of where your money is coming from and where it is going, so that you can begin to prioritise and plan for those things that are really important to you, both in the short term – such as an overseas trip or saving to buy a car – as well as longer term goals such as paying off your mortgage sooner or buying an investment property.

If you haven’t already now is the time to start thinking long-term.

• Do you have plans for a holiday house?
• Do you want to spend time travelling?
• When do you want to stop working?
• How much money will you need?

Regardless of whether you are rich or poor, our ability to create wealth is not so much determined by how much we earn, but to what extent we can spend less than we earn.  In other words, it’s our ability to save that largely determines the value of our wealth in the long term.

Sometimes we forget that our finances work to a simple formula and that formula in its simplest expression is:

SAVINGS = INCOME – EXPENSES 

It might seem like a long way off but the sooner you start the sweeter those margaritas on the beach will taste. And the sooner you will fulfill your dreams and goals.

Come along to our FREE seminar next month, here we will talk about why it’s important we do save. And provide you practical ways you can save money and inspire you to increase your savings.

“How to get the most out of your hard earned cash”

Date: Tuesday 4^th October – Time: 6.00pm – 66 Grant Street Bacchus marsh 3340

Register Below to book your seat: