Getting finances in check for 2024

Jessica Ryan published a short article on moneysmart.gov.au providing the following points…

Reviewing your bank and credit card statements is the best start, so that you can see where your money is being spent. This makes it easier to set smarter and more reasonable goals.

 

Create a budget that includes all your essentials, and how much more you’re willing to spend each month. Budgeting is extremely important to stay on track to your saving goals.

 

Got any debt? It’s time to pay it off. Start of with the debts you can afford to pay off now, and slowly work your way through them.

 

It can also help to create an automatic transfer into your savings every payday, so that it is regular, and won’t be on your mind.

 

Spend some time learning about money. Whether this is learning about investments, business, taxation or more, research is the best way to get educated on your own.

Additionally, it’s important to stay on top of your taxes. If you struggle with paying taxes due to a lack of time, or you’re not sure where to start, get in touch with us today!