Your budget is one of your most profitable tools, telling your money where to go. If you've ever looked at your bank account and wondered where your money's gone, this is a sign you are not in control of your finances. Let’s start gaining control!
Once you've done your bucket list and set your goals, you need to do your budget.
Start with a zero based budget. This is a method of budgeting in which income minus expenses = zero. Every dollar received into your bank account or cash received into your hand is allocated. You are instructing every dollar where to go before it leaves your account.
So, if you earn $1,500 a fortnight, you want everything you spend in your household such as loans, insurance, groceries, savings and investments to add up to $1,500.