Personal Budgeting, Personal Budget, Money Management

It’s absolutely true that money doesn’t buy happiness. But it does buy freedom—freedom to make choices, to follow your dreams, to pursue the type of life you and your family deserve.

You don’t need piles of money to achieve financial freedom. In fact, a high income is no a guarantee of avoiding financial difficulty. No matter what your level of income may be, if you’re spending more than you earn it means your finances are going backwards.

Financial freedom always begins with living within your means, saving for rainy days and future goals, and avoiding bad debt. In other words, the key to financial freedom is personal budgeting.

Why do I need a personal budgeting plan?

A personal budget or household budget is an essential feature of any good money management strategy. Only with a personal budget plan will you know exactly where your money is going and, most importantly, how you could make it work more effectively for you.

It’s often not until people see their spending habits captured in a personal budget that they realise that that many of their hard-earned dollars are misused or misapplied.

Consider the benefits of personal budgeting:

• Personal budgeting is the only way to truly control your money.
• Personal budgeting ensures that you always live within your means.
• Personal budgeting provides a safety net for when life inevitably changes or things go wrong.
• Personal budgeting is the best method to plan for and achieve future goals and needs.

But I’ve tried personal budgeting and it didn’t work!

The majority of people who approach MyBudget tell us that they’ve tried personal budgeting in the past and it hasn’t worked for them. Most of them say that they weren’t able to stick to their budget or it looked good on paper, but was impossible to follow in real life.

Remember, MyBudget has been helping people budget since 1999. The personal budgeting system we’ve developed makes it possible for you and your household to follow a budget that really works. It’s not like the budgets you’ve created for yourself in the past that only focus on week-to-week or month-to-month living. MyBudget’s system creates a true financial plan that takes into account a much longer period of time.

Our personal budgeting plans are 100 percent customised to you and your financial situation. Your personal budget will not only incorporate debt reduction, but also address your individual and family long-term objectives.

Why is MyBudget’s approach to personal budgeting so successful?

MyBudget’s advice is independent and free, which means we explore all of your financial options. We make a recommendation based on your specific needs. The personal budgeting solutions we recommend, therefore, will vary from one person to another because no two situations are exactly the same.

It starts with a free consultation where we will assess your financial situation in detail. Via a multi-step process, we take into account your household and personal income, your necessary and discretionary living expenses, your debts, and your financial goals.

Even if you decide not to proceed with MyBudget, your customised budget plan and our recommendations are yours to keep for free.

Our personal budgeting consultants are experts in budgeting. Your budget plan will ensure that your bills and commitments are met, that your finances are moving forwards and, most importantly, that there’s always enough money to cover your living expenses and priorities.

Our personal budgeting consultants also recognise that your life will change. Unexpected bills will come up, your priorities may change and your income may go up or down. For those reasons, your personal budget is designed to be flexible.

MyBudget specialises in balancing personal budgeting plans that are in the red.

During the consultation process, it sometimes happens that a budget turns out to be in deficit. This situation occurs when there’s more money going out than there is coming in. Before joining MyBudget, it’s common that many people make up the shortfall in their budget by using credit or borrowing money.

But the most effective way to balance a budget which is “in the red” is to increase your income or decrease your expenditure. MyBudget will work with you to balance your personal budgeting plan. We’ll examine all of your options and come up with a solution that works for you and your specific circumstances.

For example, we may be able to renegotiate your payment arrangements with your creditors. Our vast experience in debt negotiation means that we know what sorts of terms are achievable. In many instances, we can negotiate for interest rate and repayment reductions or even arrange for payments to cease for a period of time while you get back on track.

In other cases, we can work with you on expense reduction and income improvement strategies. If you’re committed and willing to make the necessary changes, we can help to balance even the most challenging personal budgeting plans.

MyBudget clients experience nearly immediate relief from financial stress and worries but, more importantly, they learn valuable personal budgeting and money management skills that become lifelong habits and keep them on track long after they’ve “graduated” from MyBudget.

MyBudget helped Annette keep her home through better personal budgeting. We can help you, too.

After her divorce, Annette was struggling to meet all of her financial commitments. Through personal budgeting, MyBudget showed Annette how she could pay her bills on time, save for the future and live the life she wants.

Book your free personal budgeting consultation today.

A free consultation with MyBudget is an opportunity to gain deep insights into your financial situation and all of your options. Even if you decide not to become a MyBudget client, the budget plan we prepare for you is yours to keep at no charge.

Change doesn’t have to be difficult. The first step is always the hardest, but in this case it’s as simple as making a phone call. Take the step today to get out of debt and start saving. It’ll be the best decision you’ve ever made.