Your Money Manners

5 Tips to save money this Christmas

Following on from my reel yesterday’

1. Consider doing Kris Kringle - buying for lots of different people can become expensive. This allows you to spend money on one person. My family have been doing this for about 20 years! Our budget is between $150-$200 and you just spend on 1 person, so you know you are getting exactly what you want and you only have to buy for 1 other!
2. Set a spend limit, if KK is not an option give yourself a budget limit per person and STICK TO IT.
3. Pay with cash. We spend around 80% less per transaction when using cash compared to card.
4. Start now, buy a gift or two each week, by spacing out your purchases it’s easier to budget for.
5. Use cash back or redemption sites!

To get your finances in order this Christmas, book your initial consult now 15% off

6 reasons to go direct to a mortgage broker over a bank

1. greater transparency, they provide all the information regarding lenders, preferred lenders, commissions etc.
2. Access to a greater pool of lenders, which means they’ll find someone that suits you, instead of fitting your round financial situation into a square peg.
3. Find a product that suits your needs.
4. Provide you with financial advice to increase your chances of gaining finance.
5. You don’t have to pay them, they are paid by the financial institute
6. They do all the grunt work, find the best products, interest rates, and services to meet your needs!

Get your financial situation in check, link in bio for 15% off your initial consult

What financial compromise looks like!

An important part of budgeting is being able to differentiate between needs and wants! Like all finance related things your personal definition will depend on your beliefs.

Typically the needs are set or fixed expenses, rent/mortgage, utilities, food, work commutes.

Wants are things you can compromise on!

Some aspects can cross over… here’s an example.
Rent/mortgage is a need, however renting in an expensive suburb with a beach front apartment is a want and may be met with some compromises, such as a roommate.

7 best ways to drastically increase your savings!

Want to take control of your financial situation? Then it’s time to implement some strategies to increase your savings.

1. Meal plan and meal prep, knowing what you are going to eat will prevent you grabbing take out and help you avoid countless trips to the shops. Which leads me to my next point.

2. Shop with a shopping list! This will prevent you from wasting time wondering around and prevent any food wastage.

3. Cancel any unused subscriptions, this includes gym memberships, apps etc. If you can’t cancel, see if you can downgrade.

4. Negotiate with your utility companies, phone, gas, water, electricity, internet, to reduce your unit price. If they can’t budge then shop around see if another provider offers a better rate!

5. Reduce high interest debt asap! Outside of your emergency fund, reducing your high interest debt should be your FIRST financial priority!

6. Track your expenses! How do you know where to go if you don’t know where you have been! Tracking where you spend your money will help you understand your spending habits, and reduce unnecessary spending.

7. Build and implement a budget! I know by now I sound like a broken record. A budget will map out all of your money, in and out, help you invest, save and even spend!

15% off initial consult, link in my bio

3 Ways to reduce Financial Anxiety!

Are you feeling anxious when it comes to your finances and money?

You aren’t alone. Financial stress has a huge effect on your overall health and well-being!

Here’s 3 things you can do to reduce your financial stress

1. Identify where this stress is coming from? Are you worried you don’t have enough? (Scarcity) are you exhausted/burnt out because you work so hard? (I must work hard for my money) are you overspending (I don’t feel worthy or deserving of money) - where is the mindset issue around money! Identifying the feelings will help determine your beliefs around money.

2. Track your spending and start a budget! Think of this as a compass and a map, how the heck do you know where you are going if you don’t even know where you are?

3. Start an emergency fund, knowing you have an account with savings set up will reduce your stress if any unexpected expenses arise. Car breakdowns, vet bills, hospital/doctor visits! According to a survey from the ABS 20% of those surveyed would not be able to get access to $2000 in an emergency.

Preparing to buy your first property?

Here’s 3 ways you can increase your chances of getting finance.

1. Reduce your outgoings as much as possible, finance institutes will want to see bank records to determine your spending habits. Reducing your spending 6-12 months before will provide a huge advantage.

2. Pay down credit card, reduce the limits or cancel them. If you have a 10k credit card this will go against your income. If you don’t want to cancel it see if you can reduce the limit.

3. When applying for a home loan, finance institutes will be able to see how many applications you have for finance (credit cards, personal loans etc) and if you have been rejected. This will be a HUGE mark against your name to lenders! Avoid applying for any finance 12 months or more before applying for your mortgage!

4. BOOK A SESSION WITH ME TO GET MORE INFORMATION! Link in Bio!

Another incredible client testimonial!

I love being able to help my clients break through their limiting beliefs and take ownership of their financial story and lives!

MONEY MYTH

Your Net Worth is a reflection of your Self Worth!

This is in fact a false statement, how much you have is NOT a reflection of how much you love yourself!

However how much you love yourself WILL be a reflection of how much you have!

Typically if our self worth is low we will not allow abundance into our lives as we do not feel worthy of having it.

We will often self sabotage, often with little conscious thought, ESPECIALLY women! It might present as, holding ourselves back from opportunities, overspending, never allowing ourselves to spend money on US, putting our head in the sand about our current financial situation, handing over responsibility of our finances to others, only applying for jobs we are 110% qualified for, resulting in no room to grow and boredom.

Changing your self worth and your mindset will have a huge impact on you achieving financial freedom.

If you would like to have a complementary 30 min consult click the link in my bio!

4 ways to make your money work harder for you.

We have grown up to understand that we have to work hard for our money, and I’m sure to this point you have been! But why not let it work hard for you.

Here’s 4 simple ways you can make your money work harder for you!

1. Are your savings in a high interest savings account that offers a minimum of 3.35% pa or higher. If not, look around see if you can get a better interest rate in your savings account
2. Investing in your super is a great way to build a nest egg for retirement, adding even $20 a week with a ROI of 8.8% could see you add over $600,000 thanks to compound interest, if you start in your 20’s
3. Think of creative ways you can generate income from your assets. Rent out a room or Airbnb, clothing hire, motor bike tour or car hire!
4. Pay off hot/bad debt, debt that has a high interest rate will be sucking cash straight out of your bottom line. Pay this down first.

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3 Tips to improve your financial situation

1. Automate your expenses - this will ensure all your bills are paid first, then you can spend second. Set this up to happen on or just after pay day!

2. Map your spending - where does your money go each week? Ever looked in your account thinking you’ll have more money, only to realise you have less than you thought! Setting up a budget requires you to know a true and realistic map of your expenses. This will also help identify where you are over spending!

3. Are you a boredom shopper? A treat yo-self you had a hard week shopper? What ever type of shopper you are, identifying WHY you are shopping will help you reduce overspending. Catch yourself next time you are adding things to the cart, what are you feeling? And do you REALLY need it? Or are you just filling an emotional need?

4. Book a complementary 30 min judgement free session with me, to discuss your goals and limits with your current situation LINK IN BIO!

What is holding you back? Comment below your beliefs around money, finances.

None are wrong, none are right, they just are! 🙏🏼

I’m here to bust some myths about money!

This is a very common one, our beliefs around who and how we talk about money often stem from our childhood. Think about when you were kids and our parents would say “don’t ask someone how much something costs” or “never ask anyone how much they earn”, even if the people you were asking was them.

These sorts of comments imply that you can’t even talk to your friends or loved ones about money, which often result in the belief of “don’t talk about money with ANYONE!”.

If money is something you struggle with, talking about it with others can make you feel a little squeamish. Often bringing up feelings of guilt, shame and judgement.

On the other hand talking about how great you are with money, or our incomes can come off as egotistical and arrogant. So where do we even start?

Let’s break it down a little more, HOW you talk about money will depend on WHO you are talking too!

Your partner; the earlier you can open the lines of communication with your partner about money the better your relationship will be. Ensure you are both on the same page with the same general goals, discuss debt, income, regular expenses, assets etc. Money issues/stress are one of the top two reasons for divorce/separation.

Your friends, this is often a little harder to open the lines of communication. Starting with more generalised comments or admitting you are struggling with economic changes, increased interest rates, inflation etc, may help open up for deeper conversation later.

Your kids… watch this space for more on that later!

The things to remember when talking about money with anyone one
1. Take the lead and start the convo
2. Come from a judgement free zone
3. Never compare
4. Be honest