83 Companies Offering Money Management Services

Money Management

There is no truer saying than money makes money, but without a strategic money management scheme in place, it is also incredibly easy to let that same money slip through your fingers and yield nothing.

Effective money management is two-fold; it encompasses knowing what you are spending on a daily basis and how much income you are generating, and also factors in how you want your money to perform in the future. It is a technique used by individuals and businesses.

The Path to Money Management

By following a few simple steps money management becomes a straightforward process:

Decide on your goals – these should be specific and measurable. Just saying you want to be rich is not a goal, it’s a dream. State how much money you want to have by a certain point in time. You can break it down into short term, medium term and long term goals, to make it more achievable. You can then work backwards to decide how much money you need to free up or acquire each month over your time scale to achieve your goals.

Put administrative procedures in place – it is really important to be organised when it comes to managing money, as it is easy to lose track if not. Depending on whether you are an individual or an organisation, dedicate an area to money management. Set up files – most people use a combination of paper and computerised files. Install any necessary software to make the job easier, and have clearly marked storage solutions for your files. You may need to prove earnings to the tax man, for example.

Track spending – know exactly what you spend; do not leave anything out from your daily ledger. Accuracy is vitally important, as is recording everything. Keep receipts, and use budgeting software. Each month analyse your spending habits carefully, and organise into ‘want’, ‘need’ and ‘essential’.

Analyse Income – know how much money you are generating at any given point and record.

Build your budget – looking in detail at your income and expenditure you can now start to set a budget to free up your money. If you find you are over-spending, look at your ‘want’ list of expenditure and cut back on non-essentials.

Save money – look back at your goals and start saving the money that you have freed up to realise those goals.

Invest – decide what to do with the money you are saving. Money makes money, so investigate methods of increasing your savings. The level of investment you make depends on the risk you are prepared to take; usually the higher the expected pay off, the larger the risk is. You may be content with a savings account, but other options include deposit accounts, stocks and shares, and mutual funds.

Managing your money successfully is a satisfying experience over the long term. However, it can also be a mine field if you are not used to accounting for your own money. If you need advice, speak to a qualified accountant or financial advisor, who will point you in the right direction. Let your money make money.

Check out the listings below to find a local company that can help you.



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P O Box MIDLAND DC, 6936, MIDLAND DC, WA

08 92505262

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PO Box 11, KENT TOWN DC, SA Adelaide Suburbs, SA

0883620466

no reviews

Level 1 33 Queen Street, BRISBANE, QLD

07 32203636

no reviews

GPO Box 160, BRISBANE, QLD

07 32111132

no reviews

128b Edward Street, AYR, QLD

07 47835151

no reviews

Shadforth Financial Group PO Box 789, WEST PERTH, WA

08 894815222

no reviews

1/14 Carey Street, BUNBURY, WA

08 97919113

7,682.41 km away

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52 Oswald St, INNALOO, WA Perth North West Suburbs, WA

0894452247

7,716.34 km away

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52 Oswald Street, INNALOO, WA

08 94452247

7,716.34 km away

no reviews

Ground Floor 30 Hasler Road, OSBORNE PARK, WA

08 94452955

7,716.64 km away