– by Ben Kemp
The question on the lips of so many everyday Aussie’s: “Where do I start?”
The great Australian dream of owning your own home seems a mile away, your savings plan is non-existent and you wouldn’t dare mutter the word ‘budget’. But seriously, where does it all start? While it may sound like another lecture from your parents, you need to understand your finances from the ground up. Keeping it simple, “What do I get paid? What do I spend? Is there anything left over?”. But why is that even necessary?
There is no one size fits all when it comes to spending ‘needs’, it is a personal decision considering what you want versus what you need. But again, why does it really matter?
In the age of technology and instant gratification, saving for the great desires in life unfortunately doesn’t fit the mould so well. However, if you can set yourself up with a plan and tick off the goals along the way you can start to build something special. Maybe it is your first home, maybe it’s a European escape, maybe it’s a new car, the specifics don’t matter. The common ground is setting the goals to meet your personal dreams and desires.
So, where do you start? Let’s find out where we are going and what we want to achieve first. We can work out how to get there later.