Andy Matthews is an Authorised Rep 288742 and Credit Rep 403608 of Sensible Super Pty Ltd ABN 81 603 346 881, Authorised Rep 1243004 and Credit Rep 488535 of FYG Planners Pty Ltd
ABN 55 094 972 540, AFSL/ACL 224543, and provides advice on aged care, investments, superannuation and insurance.
Office is located at 52 French Street, Maroubra NSW 2035.
Phone 0402 466 640. email andy[at]sensiblesuper.com.au
Each week Jim shares a few interesting
links from the web and is happy for them to be posted here.
Before decimal currency, many of us remember our
grandparents saying that if you take care of the pennies, the pounds will
take care of themselves. These days we have dollars and cents, but the
lesson is still the same.
Basically, the lesson is that little things count in building wealth. On
their own, the details may seem unimportant, but paying attention to them
pays off in the long term.
This week’s Coffee Break looks at ways of spending less and saving more.
While we don’t necessarily endorse everything in these links, they may
prove handy as conversation starters.
Do you ever look at your credit card statement and
find yourself telling stories about your impulse purchases to make
yourself feel better? It’s natural to want to rationalise our
expenditure. But Carl Richards says we should focus on the numbers
themselves as they don’t lie.
Saving money begins with understanding what you can
and can’t control. Just sticking to essential purchases may
work, but it’s also important you don’t put yourself in a
straitjacket. In any case, it’s sometimes the little things that have
the biggest impact.
Small changes in your spending patterns can make a big
difference to your savings pile. It may be as simple as giving up
buying coffee each day or locking up your credit card for a month.
Check out this useful ready reckoner from the Australian Securities and