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How much should you be saving each month? Maybe save whatever is left over? Argh! That’s good in theory but….

Well it’s not really good at all, and here’s why. Say you have $50 left over at the end of this month and you save it. Next month you have $60 so you say to yourself, “I’ll just spend another $10 as I only saved $50 last month”. The next month you are tracking to save $40 but because it’s not the $50 you saved in the previous months, you say to yourself, “I’ll do it next month”, and spend your $40. Spending, which most of us like to do, is all too easy, with ill regard to setting aside savings.

Unless you make a concerted effort to save, you won’t. Like any other achievements in life you need to focus and set a goal. When it comes to saving, your goal can be that next holiday, a car, renovation, anything really, just set that target and work towards it.

How do you ensure you do achieve your target? How do you manage your money wisely? It’s not as hard as you may think. The best way is to be consistent. Set a fixed saving amount each and every month, but make sure it’s achievable. There is no point trying to save $500 a month if you’re earning $1000. Think around the 15-20% mark: that’s $150 – $200 of your $1000. That could be manageable with some cost savings in place, like not having that extra night out, or “I don’t really need those shoes.” You get the idea, you’ll need to work at it but the results will be worth it.

It’s an easy formula: Savings with no target and no consistent amount = Little or no savings; Savings with discipline and targets = Lots of savings. Which formula are you going to use?

You need to learn how to manage your money. If you need help with finances, maybe to budget your money or an online budgeting tool. A good start to understanding the savings process, and achieving savings goals, or budgeting and financial goals, and for some great money tips is by listening to our Free Podcast: Your Money Sense ~ Let’s Talk About Money.

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Did you see the report in LinkedIn Daily Rundown today that Australians collectively owe $903 Million in Buy-Now, Pay-Later debts?

An ASIC report found 1 in 6 customers who use payment methods like Afterpay and Zip Pay were in financial trouble like being overdrawn, delaying bill payments or borrowing money to pay off debts.

Of those people struggling, 60% were aged between 18 and 34.

Your Spending Plan can help you Take Control Of Your Money

It gives you a clear path; know exactly what you have to spend, and watch your savings grow.

Create in an easy-to-follow course format.

Its cheaper than 4 cups of coffee.

#financialgoals #savings #linkedin #shopping #payments #financialfreedom #financialplanning #personalfinance
Your Spending Plan
Your Spending Plan

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We have just launched our New Financial Adviser Website: ArcWealth. What do you think?

Our brief to our marketing agency was that our target audience spanned the full working life-cycle from Young and Enthusiastic, to Retirees and all in between.

We needed to make our 4 'Services' obvious and accessible, and have a clear 'Contact an Adviser' Call-to-Action very accessible too.

We love what they did with the home page Video. (Apparently Video engages 84% more visitors)

We Like It! It's attracting and engaging visitors.

Thanks to for the great job.

ArcWealth >>

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There are a heap of ‘Spending-Tracker’ phone APPs out there now.

They are a fantastic start for anyone that doesn’t have control over their money. BUT . . .

#personalbudget #savemoney #personalfinance #householdbudget

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#1 Way to Stop Overspending and Get Your Budget Under Control

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More people than you can imagine struggle with their household finances. You probably know a few that are putting on a brave face, but in reality they are struggling. Probably spending way too much because they don't know where to start.

It's not a nice feeling, not being in control of your money.

Unless they've received some training, it's hard to organise and budget what comes in and what goes out.

Sure there are plenty of APPS these days, but most are just screen-scraping bank accounts to show what your spending and telling you that you spent so much on groceries and so much on entertainment etc. That really doesn't help.

There's a new course-format budgeting tool called a SPENDING PLAN, rather than a BUDGET as it shows the user how to control their spending, turning that into savings management. Whilst a step-by-step guide, the result is a very powerful tool to use ongoing.

YOUR SPENDING PLAN gives the user a clear path to understand and manage their money.

~ Take Control Of Your Money
~ Know Exactly What You Have To Spend
~ Stop Paying Credit Card Interest
~ Watch Your Savings Grow
~ Easy-To-Follow Course Format


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Just Because You Spend Money Doesn’t Mean You Have Money To Spend

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Australian’s Household Debt Ranks #4 in the World. When will we listen?

If we, as individuals, don't start to realise that we can't just keep spending and accumulating debt, we're in for a nasty shock.

#householddebt #savingmoney #financialmanagement #nationaldebt #personalfinance

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Are You Struggling To Get Ahead Financially?

Here's a clear path for you:-
~ Take control of your money
~ Know exactly what you have to spend
~ Stop paying credit card interest
~ Watch your savings grow


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Did your last pay-cheque come with instructions? It needs to.
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