What is Budgeting?
Budgeting is about working out how much money you have coming in and how much money you have going out, and most importantly when. Budgeting is a crucial tool in keeping on top of your finances and avoiding embarrassing and stressful situations like missing bills or falling into debt.
Our friendly Case Managers can help you figure out exactly how much money you need on a weekly, monthly and annual basis which will help you tremendously with your money management and make it easier for you to avoid spending too much.
What are the Benefits of Budgeting?
There is no downside to budgeting! A budget lets you stay on top of your finances so you won’t have to stress about money.
Avoid Late Fees
Stay on top of your bills and debt repayments by always knowing what is due & when. You’ll never pay a late fee again.
Afford things like going out for dinner with friends by scheduling it in your budget and saving in advance.
Budgeting allows you to save for big-ticket items like family holidays and new furniture without using credit cards.
Peace of Mind
Creating a map of your financial transactions allows you to budget for unexpected events, like illness, injury or job loss.
Do I need a Budget?
Yes! One of the first things we do with our clients is to create a budget. We’ll gather from you what your expenses are. Categorising them, into bills, living expenses and any non-essential expenses. This way, we can show you how to save money.
Creating a budget doesn’t have to be time-consuming, or complicated. Simply keeping track of your financial commitments is a great place to start!
Roadmap to Financial Freedom
At Debt Rescue, we believe knowledge is power. We want to give you power over your financial management so we have put our heads together with Save On Bills to bring you a Roadmap to Financial Freedom. This budgeting guide has all you need to get started on the road to financial freedom.
How we can help you with Budgeting
We can help you create a custom-made budget to suit your personal situation. This is not a ‘one size fits all’ solution, but rather a specific plan tailored for you, that will help you reach your goals.
If you are someone who has a hard time budgeting and sticking to the plan, you are not alone! We can make things easier for you, by helping you set a budget you can stick to.
Whether it’s paying off your home, your car or aiming to retire early, having a clear plan in mind will help you stick to your goal.
There are a range of simple budgeting tips and ideas we can offer to anyone who wants to get ahead, like:
- Use a budget planner
- Work out exactly what your daily, weekly and monthly expenses are
- Set aside a regular amount to a dedicated Bills account
- Allocate a weekly amount for living expenses
- Save your spare cash into a separate Savings account
Need Help Budgeting?
The team at Debt Rescue have worked with thousands of clients in assisting them with their budget. If you are looking for help in creating a budget which is suitable for you, contact one of our Case Managers today!