June 26, 2023

Invest time in your financial education. With a better understanding you can make smarter financial decisions that will help you in both the short and long term.

#lifelonglearning #financialeducation

June 27, 2023

There are 4 core concepts to understand your personal finances 1. Budgeting 2. Creating and improving credit scores 3. Savings (& investing) 4. Debt and interest Stay tuned to Piggy saving tips for bite size learning in each area.

#lifelonglearning #financialeducation

July 6, 2023

What is a budget? It is a plan to help you manage your money. A basic budget will include how much money you have coming in (salary) and what where you plan to spend the money on. If you spend less that what you earn then you are able to save some of this money for the future. The general goal is not to spend more than you planned for in the budget.

#budget #budgeting

July 8, 2023

A budget is designed to help you make informed decisions about your money and to avoid problems like overspending, debt, or running out of money.

#budget

July 10, 2023

Why is a budget important? You only have a finite amount of money, and likely more wants/needs than you have money for. So, its important to prioritise what you spend your money on, for you and your family. A budget can help!

#budget #budgeting

July 12, 2023

Budgets track your income that could come from different sources as well as your expenses. Your expenses are the money you spend on different things, like groceries, clothes, utilities, or transport. In the end a budget shows how much money you have and where it is spend on a monthly basis

#budget #budgeting

July 14, 2023

Understanding your finances, budgeting and sticking to it, can help you avoid or reduce debt. This is primarily done by spending less than you earn. The excess can be used to pay off loans, and avoiding borrowing money to pay for things

#budgeting #financialeducation

July 17, 2023

Debt is when you owe money to someone, like a bank or even family. This can be a difficult to clear as it will cost you more money than the original amount through interest and fees. Being in debt can be very stressful, and its better to try and live within your means.

#budgeting #debt

July 19, 2023

There are multiple ways to create a budget, however they all fall into 1 of 2 categories. Type 1 is budget from building it from existing data. Type 2 is budget building from what you want to spend money on, based on your own experience. If you have the data (eg bank statements and cash receipts) then try the 1st approach, its likely to be more accurate. If you do not have hard data then try 2nd approach whilst gaining data.

#budgeting

July 21, 2023

Before starting to build a budget, you need to find the right tool to create your budget. There are many options: The traditional Pencil and paper, or a spreadsheet. There are many templates online to download. Alternatively use either Web or Mobile apps to create a budget. Piggysaving.com is just one option

#budget #budgeting