Tax time is here again – time to get some tips and tools for managing your finances.
As any financial counsellor will tell you, managing money is easy - it simply means not spending more than you earn. The problem is that very few of us actually ever do this. With a little bit of knowledge from the experts, a commitment to a budget and making the most of loose change, you'd be amazed at what a difference a few simple adjustments can make.
The main thing is to try to avoid the common mistakes families make. According to Delia Rickard, ACT Regional Commissioner from the Australian Securities and Investment Commission (ASIC), the common mistakes families make are not budgeting, not having enough insurance and not talking about money with their children.
With these in mind, you can find the hints and tips you need to make a fresh start for the new financial year in Beating the Budget Blues in the School Parents ezine. You can also have your say, by posting a comment.