Creating a Savings Plan

Deciding how to manage your money is the first step in your financial journey. In simple terms, your cash management plan should be:

Spend less than you earn and invest the difference

Your finances can be as easy as 1 – 2 – 3:

1. Earn as much as you can, as quickly as you can
2. Pay your bills
3. Invest the balance according to the Savings Time Frame for your next goal and according to your Risk Tolerance Profile using a research based recommended investment or retirement plan.

Analysis is the first step. You can use the Savings and Expenses Calculator to prepare a budget of what you have coming in and what you are paying out.

Two of your first priorities should be:

• Debt Reduction
• Creating an Emergency Fund (usually 3 to 6 months income)

Contact Us

In order to ensure you are maximising the return on the dollars you have left over each pay period, please contact your LIFE-TIME adviser for a no cost no obligation discussion on 09 418 5000.