Your complete household budget. Enter your income below, then allocate every dollar across the 5 pillars. Every dollar needs a job.
Pay yourself first — Roof, Car, and Future come out on the 1st before you spend a single dollar on anything else. Bills are averaged and direct-debited automatically. Lifestyle spending goes on a rewards credit card, paid off in full on the 1st. Every dollar has a job.
On the 1st of every month, review one provider — phone, internet, health insurance, electricity. Call and ask for a better deal, or switch. You won't tackle all of them at once, but reviewing one per month means you've reviewed every bill in a year. A dollar saved is a dollar earned.
Put all your lifestyle spending on a rewards credit card — groceries, petrol, dining, everything. You're spending that money anyway, so you may as well earn points on it. The non-negotiable rule: pay the full balance on the 1st of every month. No exceptions. The moment you carry a balance, the interest wipes out every point you've earned. Done right, it's free flights, free hotels, and free gift cards — just for living your life.
You've allocated $440 more than you earn. Reduce spending in one or more categories.
For educational purposes only. Not financial advice. For personalised advice, speak with a qualified financial planner. Culgan Wealth — AFSL 510251.