Video: Starting a budget
starting a budget video
Heidi: Hi, I'm Heidi.
Andrew: And I'm Andrew. We're from the
MoneySmart Team at ASIC.
Heidi: Here are our top tips on taking control
of your money.
Our first tip is to track your spending. You can do this using
our free app TrackMySpend. Download it onto your mobile
and you can record purchases while you're on the go.
If you don't have a smartphone, just use a notepad. Write down
all the purchases that you make for 2 weeks. You could be really
surprised when you see where your money is going.
Our second tip is to get all your bills and statements together.
This lets you see the big purchases that you are making and also
lets you plan for bills that are coming in the future. There's
really is no substitute for being organised.
Andrew: That's right, and our third tip is
actually do a budget. MoneySmarts' free online budget planner
is easy to use and you can save your results online. It's a great
way to start managing your money.
And doing a budget is not about making cutbacks. It's about
redirecting your money to spend on things you really want to spend
I personally have used the budget planner and I can tell you
that it's a great way to see where your money is going. It's good
to actually sit down and use it - you never know exactly where your
Heidi: That's right, so our top tips are: track
your spending, get organised and do a budget.
Andrew: And if you've got any questions, come
to the MoneySmart website or contact us via Facebook or Twitter.
Last updated: 09 Aug 2016