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56. Cash Flow and Budgeting Plan

360 Money Matters

Release Date: 09/20/2022

195. Financial Red Flags: What to Look for in Business, Love, and Life show art 195. Financial Red Flags: What to Look for in Business, Love, and Life

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we explore the topic of financial red flags—what they are, how to spot them, and how to protect ourselves from the consequences. We explore warning signs like secrecy around money, hidden bank accounts, manipulation, unrealistic financial promises, and overleveraging in both business and personal relationships. Drawing on real-life examples and personal experiences, we highlight the importance of transparency, open communication, and the power of documentation. Whether it's about merging finances with a...

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193. The Cost Of Doing Nothing show art 193. The Cost Of Doing Nothing

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192. How To Manage Conflicting Financial Priorities show art 192. How To Manage Conflicting Financial Priorities

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Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we tackle the challenge of managing conflicting financial priorities. We explore the real-life dilemmas many families face balancing private school fees, home upgrades, holidays, and long-term goals like retirement or investment—all within a limited budget. We dive into the importance of understanding personal values and how they shape financial decisions. We also walk through strategies for setting dynamic budgets, anticipating lifestyle creep, and avoiding the trap of assuming higher income means...

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191. Decoding Division 296 - What High-Income Earners Need To Know show art 191. Decoding Division 296 - What High-Income Earners Need To Know

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Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we unpack Division 296 and what it means for high-income earners, particularly those with superannuation balances exceeding $3 million. We explore how this proposed legislation, though not yet law, is likely to impose a 15% tax on unrealized gains in superannuation, essentially taxing people on growth in asset value even if nothing has been sold. We walk through examples involving property and SMSFs to highlight how problematic this is, especially for illiquid assets like farms and factories. We also...

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189. Interest Rates Have Been Falling - What Should Mortgage Holders Consider show art 189. Interest Rates Have Been Falling - What Should Mortgage Holders Consider

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188. Turning A Side Hustle Into A Business show art 188. Turning A Side Hustle Into A Business

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Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we discussed turning a side hustle into a full-fledged business. We explored the importance of validating the business idea and achieving consistent income before quitting a day job. We emphasized the need for separating personal and business finances, understanding tax obligations, and planning for growth rather than just survival. We also highlighted the significance of considering insurance, superannuation, and long-term financial planning, including strategies for drawing income from the business and...

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187. Market Wrap show art 187. Market Wrap

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment. In this episode, we explore into a comprehensive market wrap for May, examining global economic shifts and what they mean for investors. We discuss the S&P 500’s sharp rebound of 5.89%, which, while impressive, mostly recovers previous losses, and we explore growing investor caution amid U.S. political unpredictability, especially tariff threats from Donald Trump that could impact companies like Apple and broader market confidence. We also look at China's...

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186. Raising Financially Savvy Children show art 186. Raising Financially Savvy Children

360 Money Matters

Welcome back to another episode of the 360 Money Matters Podcast!  In this episode, we explore the crucial topic of raising financially savvy children. We explore how our behaviors as parents shape our kids’ understanding of money and share practical strategies to teach financial literacy at various ages. We talk about the importance of modeling good habits, encouraging earning through chores, differentiating needs from wants, and using tools like spending, saving, and giving jars or modern digital alternatives to build strong financial foundations. We also discuss how conversations...

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More Episodes

Welcome back to another episode of the 360 Money Matter Podcast! In the previous episode, we gave you updates on the investment market and the factors affecting it. 

In this episode, we’ll be sharing proven strategies to help you develop your cash flow management and budget strategy skills. It all begins with being realistic about your financial situation and expectations. From there, you’ll be able to clearly see your income and expenses and reflect on how you can improve the way you handle your finances. We will talk about strategies such as setting a realistic budget, the bucketing strategy, reviewing and improving your structures and many more. These are all to help you become more confident with your money management. 

This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis &  Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706

 

Episode Highlights:

  • The factors affecting the increase in cost of living
  • The gateway to wealth creation
  • Setting a realistic budget
  • The bucketing strategy 
  • 2 Key buckets that you should have in your cash flow strategy 
  • Keeping your expenditure in line with your income increase
  • How often you should review your structure
  • Becoming more confident with your money management 
  • Things to do to help maximize your budget and cash flow
  • Budget Fatigue
  • Separate Savings account
  • Finding the balance between budgeting and living

 

Connect with Billy and Andrew!

360 Financial Strategists

 

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