Saving & Budgeting | Verve Group | Glenelg
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Goals & Budgeting

Understand how you could save by balancing your incoming and outgoing expenses.

The first step in getting your personal finances in order is to consider what you actually wish to achieve. Financial goals relate to anything you wish to achieve requiring prior saving.  

 

Perhaps you are considering purchasing a car, moving out of home or even backpacking around South America for a few months.  

 

All of these goals need funding and are easily achievable with careful planning and the right time frame. The earlier you start saving for your financial goals, the easier they are to achieve, as your money will have much longer to grow. With the effects of compounding, you have the potential to save a very large sum over time, with significantly less effort, allowing you to reach your goals sooner.  When putting together a list of goals, you still need to bear in mind your long-term goals such as purchasing your first home, as these will come around sooner than you think.  

 

Over a longer timeframe, the effects of regular saving and compounding are significantly more effective and will provide you with a real head start.


As a starting point, decide what your short term, medium term and long term goals are. Once you have established your financial goals you will need to determine how much money you can set aside to achieve them. Using a budget involves itemising all of your fixed and planned expenses to determine how much will be left over for saving.

We recommend using the Count Budgeting tool as a starting point.

Ready to discuss how Verve Group can help protect and build your wealth? Book below, call (08) 8120 4877 or email contact@vervegroup.com.au to book a complimentary initial consultation.

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Important Information
Verve Group is an Authorised Representative of Count. ‘Count’ and Count Wealth Accountants® are trading names of Count Financial Limited, ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 (“Count”). Count is 85% owned by CountPlus Limited ABN 111 26 990 832 (CountPlus) of Level 8, 1 Chifley Square, Sydney 2000 NSW and 15% owned by Count Member Firm Pty Ltd ACN 633 983 490 of Level 8, 1 Chifley Square, Sydney 2000 NSW. CountPlus is listed on the Australian Stock Exchange. Count Member Firm Pty Ltd is owned by Count Member Firm DT Pty Ltd ACN 633 956 073 which holds the assets under a discretionary trust for certain beneficiaries including potentially some corporate authorised representatives of Count Financial Ltd.
General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.
Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited.
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