PREPARE/ENRICH Australia Blog

The golden rule of budgeting: Spend less than you earn and save and invest the rest

Money is a powerful word that conjures up a number of emotions, among them lust, envy, fear, anger, hope, scorn and disgust. Little wonder then, that the most common source of disagreement in families in Australia is money. In fact, 37 percent of all married couples indicate that the number one problem in their marriage is #money.

Budgeting doesn't mean having less; it means doing more with what you have. Unfortunately, many people avoid managing their money because they think it will mean they have less money to spend. In the long-run, tracking and managing your finances will result in peace of mind and a more comfortable and secure lifestyle.

A Word to the Wise About Saving:

    In addition to budgeting, savings are also important to any financial management plan. It's a simple fact: interest on savings compounds. Money invested in a safe place at a good rate of return grows at a steady rate. By saving a few hundred dollars a month over 30 to 40 years, a person can become a millionaire. It takes some planning and careful budgeting but the result is financial gain that can help dreams come true.

#PREPARE/ENRICH is a customised online assessment tool that identifies each couples unique strength and growth areas. Based on their assessment results, a facilitator provides feedback sessions, helping couples to discuss and understand their results while teaching them proven relationship skills.

For more information on PREPARE/ENRICH or to simply set up a couple on the tool, please contact: www.prepare-enrich.com.au or call today (02) 9520 4049 #prepareenrich

 

Better Marriages Banner 8

Recent Posts

Categories

See all