Episode 8 - The 4 steps to setting a Budget that actually works

Link to Pre-register: https://mailchi.mp/d7d110fee0cb/watpimnWe all know the importance of setting a budget, whether you're saving for a specific goal or just want to get into a good saving pattern for your future there's never a bad time to set a budget.The hardest part of setting a budget is knowing what to do, how to do it and what to do once you set a budget.In this blog post I break down Budgeting into 4 easy steps, 1. Set your Goal. 2. Gather your current data, 3. Pick your Budgeting Technique and finally 4. Track your success.•Set your GoalThis is the obvious first step true, but rather than just taking time to write down what your goal is, take the time to consider why this is your goal. Once you have a clear picture what you want and WHY that is important to you it can be a lot easier to stay on track.You might also like to write your why in places you can see it often (for example a post it note on your credit card) this will help to remind you of what's important to you.2. Gather your current dataA lot like a weight loss plan, you will need to look at what is currently happening with your finances. The easiest way I find is to go back through your bank accounts for the past 6 months to look at where your money has gone.This will also help you to see any patterns that may be forming, perhaps you notice an old gym membership still coming out of your account or a direct debit is set up incorrectly costing you an overdrawing fee each month.To read the full blog post head to https://360mortgagesolutions.com.au/the-4-steps-to-setting-a-budget-that-actually-works/In Summary;Don't be concerned about the various Budgeting Techniques, the most important thing you can do is to start. Start today and start at Step 1. Setting your goal. The sooner you start, the closer you will be to reaching your goal.If you would like to know more about Budgeting Techniques, including different spreadsheets to help you Track your budget and your goal then make sure you register your interest for The Savings Facilitator set to launch later this year.You will get access before the official launch, your access will be free of charge and you will also get an opportunity to share feedback.To register your interest click here.