“Financial Freedom is not how much you earn, it’s how you manage it”
Considering that we have to deal with money throughout our lives, everyone should know how to manage their money and it should really be taught in school. Having a budget should be as common as having a bank account. Have you ever thought to yourself if you were earning another €50 or €100 per week, you would have no financial problems ? But think back to whenever your income increased, you had usually already increased your expenses or did so quite soon afterwards and you were back to square one.
If you don’t take the time to or you don’t know how to manage your money now, the chances are that if you had more money, you would end up in the same situation. Happiness is spending less than your income so to begin to be happy (from a financial point of view at least), you must first know how much you need to live. To do this you have to prepare a budget. With so many free budget planners on line, this task is easier than ever before, you just have to decide when you are going to do it and get started. When you start ;
- Work out how much your bills cost you by simply listing and totalling all your bills for the year and dividing the total by 52 or 12 depending on how often you are paid - weekly or monthly.
- Do the same with all your expenses such as food, clothes, school costs, holidays etc. You can find simple budget planners online to do the calculations for you – Click Here for our Income and Expenditure planner.
- Total your net income including any child allowances etc and deduct your total expenses to see what you have left over or indeed how much you are short.
- You have now just completed your Income and Expenditure plan and knowing these numbers is the basis for good financial management. You are now armed with information which will help you make decisions that can provide you with happiness and financial freedom.
- Use these numbers any time you need to make decisions on what to buy or what you can afford.
- Look through your expenses and see if there are any expenses that you can reduce to give you more financial freedom.
- Keep your income and expenditure plan updated and by knowing your numbers you will make informed, smarter spending decisions and you can achieve financial freedom.
We read about the rich and famous who go bankrupt and wonder how can someone earning so much money go broke, it’s because It’s not how much you earn, it’s how you manage it!
Call us today on 1890 92 92 55 to book your confidential, no obligation consultation and find out how you can enjoy Freedom from your Bills. Or simply fill in the Request a Free Call Back form on this page and one of our financial consultants will be in touch with you for a Free chat to answer any questions you may have.