This guide to budget management will help you:
-
find financial planners
-
weigh up financial options
Financial strain can be taxing on more than just your wallet and can cause a great deal of discontent.
If you feel stressed due to money worries, this may impact your general health and wellbeing – both physically and mentally – and possibly cause strain on relationships.
It's therefore important to be fully aware of your financial state to stay on top of your obligations and remain stress-free. If you feel it’s all too much, or are struggling to create a budget that works, there are a great number of budgeting tools that can help you arrange a budget to get you out of debt. Here’s rapid finance’s pick of the better tools.
Financial planners
Financial planners cover various aspects of money management, including tax planning, investment planning, retirement planning, and cash flow management. They will assess your income and expenditure to help set up a budget you can stick to.
The Financial Advice Association of Australia has a useful online tool that allows you to search for a financial planner near you.
Your bank
If you'd rather deal with a familiar company, scheduling an appointment with the financial planner at your bank is an option. Some banks also have the choice of an online budget planner.
Online budget planners
There are numerous online budget planners which enable you to manage your budget, in your time, in the comfort of your own home. Some of the best tools are:
-
The Australian securities and investments commission (ASIC) runs moneysmart – a website that offers guidance on money management for all Australians.
-
GoodBudget – a modern take on the traditional envelope budgeting method, GoodBudget helps you plan and track your spending by allocating portions of your income into virtual “envelopes.” this system helps you stay on top of your expenses and savings goals.
Your finance options in the meantime
Getting back on top of your finances can be a long and trying road. But in the meantime, life goes on – and you may still need access to funds or finance. For example, while you're working hard to save money, your worn-out car finally disintegrates, leaving you little option but to look for a car loan.
If that sounds like a familiar situation, Rapid Finance may still be able to help you – our expert team have a range of bad credit finance solutions which may suit your circumstances – even if your finances have seen better days.
Apply Online Today and Rapid Finance will provide a fast response.