Frequently Asked Questions
Why is it important to have a budget?
There are many reasons why budgeting is important. Asides from managing your money, some other benefits of creating a budget planner are that it:
➔ Keeps you focused on your goals.
➔ Helps avoid spending money you don’t have.
➔ Build your wealth for retirement.
➔ Prepares you for the worst.
➔ Highlights bad spending habits.
➔ Helps you avoid or get out of debt.
What budget template should I follow?
Budget templates will vary from person to person. However, there are a few key denominators that should appear in your budget plan. These include:
➔ Revenue from income streams
➔ Expenses/outgoing payments
➔ Fixed expenses such as mortgage repayments, insurance etc.
➔ Variable expenses such as petrol, groceries etc.
What are some budgeting tips I should keep in mind?
There is plenty of advice circulating the internet about budgeting and managing your money. Some of our budgeting tips are as follows:
➔ Decide why you’re budgeting and set a goal.
➔ Expect the unexpected.
➔ Choose a budgeting method that suits you.
➔ Shop around for better deals on insurance policies, subscriptions etc.
➔ Revisit and review regularly.
For advice on setting up your budget, get in touch with one of our Inovayt Wealth team members.
Why Choose Inovayt
Simple
Finding the right financing to match your needs and goals is never an easy task. Our team prides themselves on finding the right solution for each client, regardless of their personal situation.
Flexible
Our brokers work hand in hand with our clients, to ensure they receive the best possible outcome. We are available to chat face to face, online, or via phone, at a time that suits you.
Solutions-driven
Our focus is always about achieve the best possible outcomes for our clients. We will tackle any hurdles that may come up, to ensure that you are satisfied and have achieved your desired outcome.
