Simple ways to budget and save money | ABC News

Published: 23 December 2020
on channel: ABC News In-depth
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Do you feel a bit chaotic when it comes to managing your money? You're not alone.
The key with budgeting is to start out with some goals. When it comes to budgeting, it's important to find a method that works for you. Whichever budgeting system you choose, it can be really useful to spend a couple of weeks doing a money diary, where you list everything you spend — from big bills to coffees. Three common budgeting methods are the cash envelope method, the balanced money formula, and a traditional budget.

This video contains general information only. It should not be relied on as finance advice. You should obtain specific, independent professional advice from a registered financial planner in relation to your particular circumstances and issues.

Read more here: https://ab.co/3oZzC9h

RESOURCES
National Debt Helpline
https://ndh.org.au/
ASIC’s Moneysmart
https://www.moneysmart.gov.au/
Good Shepherd Microfinance No Interest Loan Scheme
https://goodshepherdmicrofinance.org....

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