Six common money mistakes and how to avoid them

I was recently reminded of this insightful article I contributed to back in 2021 for The New Daily. Though time has passed, the principles of sound budgeting remain as relevant as ever.

Head to this link a read.

Here's a quick recap of the key takeaways:

  • Track your spending. Knowledge is power!
  • Include 'play money.' Budgeting shouldn't feel like deprivation
  • Don't underestimate expenses. Be realistic to avoid setbacks.
  • Have an emergency fund. Prepare for the unexpected.
  • Don't be lazy with deals. Shop around and save!
  • Share your goals. Enlist support from friends and family.

Remember, budgeting is about finding a healthy balance, not sacrificing all the fun!

#financialplanning #budgetingtips #moneymanagement #financialliteracy #successmindset #budgeting #personalfinance #moneytips #financialfreedom #savingsgoals

Nicola Beswick is a financial adviser, mentor and confidante based in Melbourne, Australia who empowers people to create a financially certain future free from stress and uncertainty.

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