If you weren’t already aware, this week celebrates the inaugural MoneySmart week where Australians are being urged to take a closer look at the way they manage their money.
ipac’s National Manager for Advice Strategy, John Dani, spoke to the Sydney Morning Herald’s Lesley Parker on how people can improve the way that they manage their finances.
”We see a lot of people earning a lot of money and spending more than they earn,’ says Dani, easy access to debt basically means people can live it up.”
Dani suggests that ‘the first step is to know where your money is going now. For at least a fortnight (or your pay cycle), run everything through a single account or card so you can look at one statement to see what’s happening.’
”Budgeting is under direct threat now due to easy access to debt, eftpos, online shopping and our ever-increasing expectations about lifestyle, says Dani.
Click here to read the full article in the Sydney Morning Herald
At ipac our financial advice goes beyond the technical aspects of investing, super and tax planning – covering the unexpected, the individual, and all the little nuances that make your life different. And, that makes you, you.
Wouldn’t it be nice to feel confident and in control of your money and your life? Speak to your ipac financial adviser or call 1800 626 881 for a no obligation conversation.
Sydney Morning Herald – 5 September 2012