Budgeting Smart Guide
Guide Index
- 1 Why prepare a budget?
- 2 Take a snapshot
- 3 Write your budget
Checklist
- There's no time like the present to start budgeting, but a review is in order annually and when:
- you're getting married ... or divorced
- a child is born
- you start a new job
- you're saving for a big purchase
- you're about to retire
Get Smart
- Tools
- See our Step-by-Step Guide to Saving, which will help you fine-tune your savings strategy.
Tips
Breaking your goal down into bite-sized targets is the key to successful saving.
1. Why prepare a budget?
What you'll learn in this step: Without a budget, it's easy to find yourself spending more than you earn.
The Australian Stock Exchange is a marketplace and, as in any other marketplace, the price at which its goods (shares) trade is determined by supply and demand. If there are more buyers than sellers, then the price will rise; if there are more sellers than buyers, it will fall.
The number of buyers versus sellers can be affected by things such as company news and interest rate rises or falls.
Listed companies operate under the 'continuous disclosure' rules of the ASX, so they have to publicly disclose any information that might have a material impact on their shares.
These announcements include earnings upgrades ('profit is likely to be 15 per cent higher') and profit warnings ('profit is likely to be 15 per cent lower'). Stock analysts employed by brokerages also undertake research on companies and their reports can move the market too by changing their recommendations on stocks.
- Other planning guides
- Credit Cards Smart Guide
- Personal Loans Smart Guide
- Buying a home Smart Guide
- Debt management Smart guide
- Shares Smart Guide
- Managed Funds Smart Guide
- Savings Smart Guide
- Home Insurance Smart Guide
- Health insurance Smart Guide
- Life insurance Smart Guide
- Motor insurance Smart Guide
- Travel insurance Smart Guide
