Cashflow & Budgeting 101

This article was written by Ian Flack, Director of Flack Group, a Career Money Life Community Member. You can view the original post here.

With significant increases in both interest rates and inflation having a major impact on households, it has never been more important to focus on setting and maintain a budget, both to manage today and to assist you in working towards your lifestyle goals. Dane Pymble and Aadil Abbas walk you through the key steps to working out your budget and cashflow.

Link to Money Smart Calculator: 

Disclaimer: Any opinions or recommendations expressed here do not purport to Financial Advice but rather should be considered General Advice and does not take into account your personal needs and objectives or your financial circumstances. You should therefore consider these matters yourself before deciding whether the advice is appropriate to you and whether you should act upon it. Should Financial Advice be sought, we suggest you seek such advice from an appropriately qualified advisor. Any growth rates, yields, rental income, tax rates, interest rates, depreciation rates, inflation rates Dividends per Share (DPS) and Earning Per Share (EPS) etc shown are estimates only and should not be used as a guide to future performance. Past performance is not necessarily a guide to future performance and should not be relied upon for this purpose.

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