Australian Finance Podcast

How to budget like a pro in 2025 [Part 3 of 11]

28 snips
Jan 9, 2025
Gemma Mitchell, a financial advisor and Head of Advice at Rask, shares insightful budgeting strategies for 2025. She highlights the importance of personalized budgeting and the joy of tracking everyday expenses. Gemma discusses adapting financial plans to fit individual lifestyles and emphasizes the significance of habit formation in maintaining realistic budgets. Additionally, she explores effective ways to curb overspending, particularly in food purchases, and the role of technology in modern financial management.
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ADVICE

Budgeting for Everything

  • Create a detailed budget plan to track income and expenses.
  • Include categories for savings, investments, and occasional splurges.
INSIGHT

Mindful Spending

  • Budgeting is not about restriction, but mindful spending.
  • View your budget as a tool to achieve financial freedom and value-aligned spending.
ADVICE

Value-Aligned Spending

  • Align your spending with your values to ensure fulfillment.
  • Regularly review and adjust expenses to match your priorities.
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