![\"\"](\"https:\/\/raizinvest.com.au\/investors\/wp-content\/uploads\/2020\/10\/easy-budget-tips-1.jpg\")
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It\u2019s commonly said that it takes money to make money. <\/strong>That is effectively true \u2013 those who live payslip to payslip with no spare cash have little to re-invest or save for a rainy day. However, if you take the time to re-evaluate your finances, you\u2019ll realise that setting aside even the smallest of dollar amounts can really add up over a lifetime<\/strong>.<\/p>\n <\/p>\n <\/p>\n It\u2019s simple in principle and in practice:<\/p>\n These numbers aren\u2019t necessarily fixed; however, they provide a strong foundation for building healthy financial habits to help you achieve your goals.<\/p>\n <\/p>\n When you get your paycheck, many people make the mistake of spending first, and then saving what is left over. The problem with this is that it doesn\u2019t guarantee any savings; your savings become dependent on how much you spend each month (and often in a rather unplanned fashion).<\/p>\n A better strategy is to pay yourself first by setting aside a fixed percentage of your income towards saving and investing (for example the 20% from the numbers above), and then spending with what is left over.<\/p>\n Automation is your friend here, which can whisk the money straight out of your spending account before you have a chance to spend it. Setting up a recurring deposit into your Raiz account is one way to do this.<\/p>\n For more information on Raiz fees, click here<\/span>.<\/a><\/p>\n <\/p>\n If you take a bird\u2019s-eye view of your budget, you\u2019ll soon see that there are a few types of outgoings from your pay. You can think of them as this:<\/p>\n The key is to make your essentials are lean as possible by finding alternatives or shopping around. <\/strong>For example:<\/p>\n To see if Raiz is suitable for you, please read the PDS<\/a><\/span>.<\/p>\n <\/p>\n <\/p>\n Download it for free in the App store or the Webapp below:<\/p>\n <\/p>\n Important Information<\/em><\/strong><\/p>\n The information on this website is general advice only. This means it does not take into account any person\u2019s particular investment objectives, financial situation or investment needs. If you are an investor, you should consult your licensed adviser before acting on any information contained in this article to fully understand the benefits and risk associated with the product.<\/em><\/p>\n A Product Disclosure Statement for Raiz Invest and\/or Raiz Invest Super are available on the Raiz Invest website and App. A person must read and consider the Product Disclosure Statement in deciding whether, or not, to acquire and continue to hold interests in the product. The risks of investing in this product are fully set out in the Product Disclosure Statement and include the risks that would ordinarily apply to investing.<\/em><\/p>\n The information may be based on assumptions or market conditions which change without notice. This could impact the accuracy of the information.<\/em><\/p>\n Under no circumstances is the information to be used by, or presented to, a person for the purposes of deciding about investing in Raiz Invest or Raiz Invest Super.<\/em><\/p>\n Past return performance of the Raiz products should not be relied on for making a decision to invest in a Raiz product and is not a good predictor of future performance.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" It\u2019s commonly said that it takes money to make money. That is effectively true \u2013 those who live payslip to payslip with no spare cash have little to re-invest or save for a rainy day. However, if you take the time to re-evaluate your finances, you\u2019ll realise that setting aside even the smallest of dollar […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1],"tags":[],"yst_prominent_words":[158,128,98,3244,151,224,245,233,153,800,313,97,82,117,100,166,125,239,308,1106]}Remember these 3 numbers \u2013 50\/30\/20<\/h3>\n
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Pay yourself first<\/h3>\n
Trimming the fat on your budget.<\/h3>\n
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\nDon\u2019t have the Raiz App?<\/h3>\n
![\"download-raiz-app\"](\"https:\/\/raizinvest.com.au\/investors\/wp-content\/uploads\/2018\/08\/download-app.png\")
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