[Special guest] 20th of April - Noel and Finances
Ever had a question about money, debt or bills? Finding you have no money left after just getting paid? Is it difficult to make and stick to a budget?
On Thursday the 20th of April at 8pm AEST we will have Noel, a financial counselor with The Salvation Army's Moneycare service, to answer all of your anonymous questions about money, budgeting or even just dealing with debt.
Whether your wondering how to avoid bill shock, negotiating debt repayments or even just making and sticking to a budget - Noel has the answers. So ask him a question here:
Or join us on Thursday the 20th of April 8pm AEST to talk about all things financial.
Haha not really. I guess the most obvious way to save money is to not spend it, so that's my two cents (pun very much intended).
We have one of those tins that you can't open again that we put spare change in. I reckon that's good over a long period of time 🙂
The attached link is a great start, but to save money I would always pay myself first. What I mean by that is work out what you are savings for and whenyou want to achieve that goal. When I get paid every week or fortnight I would set this money aside first. In a lot of cases you pay all your bills first then whatever left over you save. What I’m suggesting is that you turn this around by saving first.
https://www.moneysmart.gov.au/managing-your-money/budgeting/simple-ways-to-save-money
That's a great idea @Noel-Moneycare 🙂 I will be adopting that policy myself.
Do you have any money saving tips?
I use an app that takes a little bit off every purchase i make. So like if i buy a coffee for 3.50, it rounds it up to 4 bucks and saves the extra 50 cents. I never really notice the little bit extra that comes out of my account, but it all adds up to quite a bit of extra saved money! 🙂
Ask people around you if they can five you a bit of a hand for a bit or talk to a financial counsellor.
What can you do to get help if things get a bit out of control?
Give the National Debt Line a call on 1800 007 007 to talk to a free financial counselor.
Well, that's all the time we have for tonight. Thank you to @Noel-Moneycare for joining us for this Infobus and providing your knowledge about all things financial.
If you find yourself in financial hardship or just want to talk to a financial counselor, please give 1800 007 007 a call to be connected to your local free financial counseling service.
Your anonymous questions will be answered soon and posted to the thread, so stay tuned for those answers!
And after that wonderful infobus, you might just want to relax click here to enjoy a soothing nature documentary.
Night everybody! Thank you so much for the great chat! And an extra big thanks to @Noel-Moneycare for helping us learn a lot more about finances 🙂
Don't panic! Debts can be talked about with the people you owe money to (Creditors). So get a bit of advice from @Noel-Moneycare about how to have that conversation and work out what to do next. Definitely don't get an expensive loan to pay off a bill, you'll end up paying a loooot more than you need to in interest!
Talk to a Financial Counsellor, they offer a free confidential service to people in financial hardship. Financial Counsellors will explain what options are available to you and you then make a decision that best suits your needs. Please call 1800 007 007 and they will contact you with the nearest service available throughout Australia.
I find budgeting to be important so I can see what my important expenses are (eg. rent, electricty, mobile, etc) and make sure they are covered by my income first before I allocate spending and saving money. I like to do an excel document so I don't have to do too much math and I know exactly how much I have left over each week.
Well, it sounds important. I don't personally do it, but I feel like I should probably learn about it to help out future me 😛
What are some of the challenges you face in terms of money?
Some of the challenges I find is budgeting when you have shift work and are uncertain each week how many hours you will be getting. It can make it difficult to project a future budget. I also have a habit of loving to op shop a bit too much or treating myself to unnecessary items, definitely need to reign in my self-control over shopping.
What are some of the challenges you face in terms of money?
Finding a job that fits around school and homework and soccer etc. is my main challenge. I'm not actively looking for one at the moment, but I know I will be soon, and I'm not super sure how to go about it.
Its difficult trying to balance school and work and finding part time work can be a real pain.The challenge we all have is have to live within our means, having an understanding of where you are at this moment in time and what money you need to live. Being able to make informed financial decisions about money and avoid the pitfalls of instant credit is important.
