Keeps – Savings

Let us talk about Savings and Investments; split into ‘savings for now’, rainy day funds and retirement. Savings = Keeping for Now and Later. Emergency Funds Retirement & Pensions Sinking Funds Home Maintenance Funds Children/Parent Assistance Fund The first thing to do is to decide your goals and life aims. Save for Emergencies & YourContinue reading “Keeps – Savings”

Clue On – Income

This will cover all your income, earnings, rebates i.e. incoming money. Things to consider include: All Earnings Frequency of Payments Expected AND confirmed rebates etc The first part of a Spending Plan is to calculate how much money you have coming in each month or 4-week period. It is much easier for those on fixedContinue reading “Clue On – Income”

Spending Plans

Some call it Budgets and others call it Spending Plans. I prefer to call these Spending Plans. Have a clue what is coming in, plan for what will go out, know what needs keeping and make room for life. – Praus Life Finance A Spending Plan (or Budget as some call it) is key toContinue reading “Spending Plans”