Welcome to our "One Minute Money Message" where Simon will outline Simple Ideas to Grow, Protect and Manage Your Wealth.
Watch the first video below for an opportunity to win a $25 gift voucher for the Educated Investor bookshop! https://educatedinvestor.com.au.
"Too many people spend money they earned
to buy the things they don't want
to impress people that they don't like."
That's a quote by Will Rogers.
So, one of the the foundations of good money management is knowing how much you spend and where it goes.
The three most popular spending tracking apps we see amongst our clients are the Moneysmart Budget Planner, Spendee and You Need a Budget.
So some of these require you to share your banking data transactions with them. So if privacy is a concern, obviously check the fine print about about how they manage that
data.
Or alternatively, we'd recommend using the Money Smart Budget Planner. Reason being it's a manual system, you can manually enter the data and you don't have to worry about sharing bank account details etc.
The other possible benefit as well is, as you're putting information in that might actually give you some more insight as you're entering the the data as to where your money is going.
So what's something financial that you would be proud to fail on if you dare to attempt it?Feel free to put a comment post on our Facebook page.
The 1st 5 posts we get, we will send you a $25.00 gift voucher for the Educated Investor Book Shops, and great books in that bookshop.
Thanks for watching!
Simon
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Alternatively, if you'd prefer a personal touch, book a free 15-minute consultation here to discuss your specific situation and explore how to optimise your retirement plan.
Find out more about how we can help: https://www.providencegroup.com.au/retirement-planning-services
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