If you want to manage your money better this year, I have great news! Today, I’ll share exactly how to budget step by step.

• 50% needs

• 30% wants

• 20% savings and investments

You set aside some money towards your savings or investments and then spend whatever is left

“Don’t save what is left after spending, but spend what is left after saving”

1. Go into Billroo and write down your expected expenses per month for each category

   1. Examples:

   2. Income:

      1. Salary

      2. Side hustle

      3. Interest

      4. Dividends

      5. Rent

   3. The budget expense categories:

      • Rent/ Mortgage

      • Misc

      • Eating out

      • Groceries

      • Transport

      • Travel

      • Subscriptions

      • Clothes

      • Entertainment

      • Beauty

      • Gifts

      • Telco and utilities

      • Car

      • Gym

      • Healthcare

   • The budget savings categories:

     • Investments

     • Superannuation/ Retirement

     • Savings

   • The budget debt categories

     • Mortgage

     • Credit cards

     • Car loan

     • Student loans