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E1 How Much Do I Need? - Getting a handle on your cost of living
Do your eyes glaze over when you hear someone talking about calculating how much it costs you to live - we promise our approach will help make this easier for you
We know that many people avoid doing this and in this episode we are here to encourage you to take the time to do this - truly you only need to do this once and then afterwards only need to tweak when things change
We give practical examples to help you see how simple it can be to calculate your expenditure and costs
The first step to saving and building your wealth happens when you know what you realistically are able to save rather than just pulling a figure out of the air and not achieving it and giving up. When you know how much you need to live then you can calculate how much to save
Once you know what it costs you to live, this is such a powerful piece of information, and it truly is the key to all your financial planning decisions going forward into the future and for your retirement.
Your task: make a start on calculating how much it costs you to live and if you need any help, let us know
email us on:
We mentioned:
Money smart - the ASIC website mentioned, including spreadsheet
We need to make it clear that we do NOT provide specific financial advice on this show, it is just general advice and discussion. If you want advice specific to your situation you need to go and see a financial adviser or financial professional.
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By Ingrid Thompson and Jacqui IrwinDo your eyes glaze over when you hear someone talking about calculating how much it costs you to live - we promise our approach will help make this easier for you
We know that many people avoid doing this and in this episode we are here to encourage you to take the time to do this - truly you only need to do this once and then afterwards only need to tweak when things change
We give practical examples to help you see how simple it can be to calculate your expenditure and costs
The first step to saving and building your wealth happens when you know what you realistically are able to save rather than just pulling a figure out of the air and not achieving it and giving up. When you know how much you need to live then you can calculate how much to save
Once you know what it costs you to live, this is such a powerful piece of information, and it truly is the key to all your financial planning decisions going forward into the future and for your retirement.
Your task: make a start on calculating how much it costs you to live and if you need any help, let us know
email us on:
We mentioned:
Money smart - the ASIC website mentioned, including spreadsheet
We need to make it clear that we do NOT provide specific financial advice on this show, it is just general advice and discussion. If you want advice specific to your situation you need to go and see a financial adviser or financial professional.