Have you ever received your pay summary for the year and ever thought to yourself “where did all the money go?”. Or perhaps you’ve received significant pay increases over the years, and you’ve thought that this would make life easier with balancing bills and daily costs of living, but instead you find yourself still not getting ahead?
You are not alone!!
This is a common theme and its often I see clients with healthy salaries but still be asset poor and heading towards retirement underfunded.
Building wealth often starts with monitoring and controlling your household budget. It is often said that your income is your biggest asset. So why wouldn’t you make sure you understand what is happening to these funds.
Now, when you mention building a budget, you may think that you won’t be able to enjoy life or that you will have to sacrifice all the ‘fun stuff’. This is not the case. In fact, you have funds there that you specifically put aside for fun stuff and you get to spend this guilt free knowing it is all part of a bigger plan.
Having a disciplined household budget can also control those situations where you may end signing up for a credit card for that one off purchase which ends up being a credit card used for a lot of “once-off” or “emergencies” situations and ends up being a debt you just can’t get rid off because of ridiculous interest being charged.
Building wealth starts with monitoring and controlling your income and having a realistic achievable plan.
Talk to us to get started on your wealth creation path today!