Personal Finance & Budgeting Articles

New Financial Year, new budget
Personally, I think July is a great time to review your personal finances and recast your budget for the next 12 months. I am an accountant and work for a company that operates on the financial year 1 July - 30 June, so for me next Thursday represents the beginning 2010/2011 financial year. As such, I can't help but think a new personal financial year is also beginning on Thursday.

Review Personal Finances
Signs are starting to emerge that the Global economy is on the verge of a recovery. In Australia, the stock market has recorded stock gains since the lows of March 2009, the housing market has bounced back, unemployment is increasing at a decreasing rate and it looks like interest rates are going to rise by the end of this calendar year, if not sooner.

Budgeting: not much fun but definitely worthwhile
I don’t think there are many people who enjoy budgeting. As a matter of fact, for some people, budgeting is probably as much fun as doing your taxes. The good news is that budgeting, whilst not much fun is definitely worthwhile, leading to more savings, less debt and best of all less stress about your finances.