The Importance of a Budget to Save for a House
Do you know where your money is going? What about getting on top of that credit card debt? How can you save up for your next big trip overseas? To answer these questions, and more, finance expert Alison Greenwood stresses the importance of a budget to save for a house
This podcast is Part Two of the interview with Alison about creating a family budget. Listen to Part One HERE >>>
This budgeting interview continues on from a chat about making the most of your superannuation >>>
Pointers from this episode about the importance of a budget to save for a house
- It’s good to set rules around your credit card use.
- To save for a housing deposit, it’s great to get a budget going as per the chat with Alison in Part One
- First home buyers are now able to put salary into their superannuation and not pay full tax on their money – up to $30,000 each. This scheme allows you to save up for your deposit. You need to elect to start this with your super fund. Read about the First Home Super Saver Scheme >>>
- There’s also the first home owners grant for eligible buyers. Read about the First Home Owners Grant >>>
Please note that this financial advice is given for listeners in Australia, for the 2018-19 financial year. However, many of the principles are true, no matter where or when you are listening.
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