How To Take Control Of Your Money

In this video we’ll look at how to take control of your money.

If you are going to achieve your financial goals you need to know (a) where you are starting from and (b) a plan to get there.

The first step is to work out where you are now. The key tools are a budget and personal balance sheet. The balance sheet gives you the big picture, how much is your net worth. The budget can help you understand how to manage your money better. Using these tools will help you get control of your finances and set you up for the next step which is to build your wealth.

Balance Sheet;
https://www.moneysmart.gov.au/tools-and-resources/calculators-and-apps/your-net-worth-calculator