Staying on track with your personal budget
January 1, 2022
Staying on track with your personal budget
You've taken the first step and developed your personal budget for the year. However, don't set and forget and then expect to achieve your personal finance goals! If you don't monitor your progress, your spending habits are unlikely to change.
So, what steps can you take to ensure you are on track with your Personal Budget?
- Track your spending . Keep a record of your spending. Consider using an App to keep track; while your bank statement is a great source, some transactions may not be clearly identifiable. Keep receipts for any cash payments.
The Federal Budget has been released, and we've outlined the key elements that you need to know.
Weathering the storm? Small businesses are particularly vulnerable in tough economic times. We can help with strategies for healthy cash flow, so you can continue to thrive.
“Succession planning, and the tax risks associated with it, is our number one focus in 2025. In recent years we’ve observed an increase in reorganisations that appear to be connected to succession planning.” ATO Private Wealth Deputy Commissioner Louise Clarke
