Can prioritise your savings over spending transform your financial future?

Join us as Samantha Boardman from Spending Made Easy shares her personal journey and expert advice on managing money effectively.

Discover how automating your savings can foster financial discipline and ensure consistent growth.

Samantha offers practical tips like the 10% rule and reveals the psychological adjustments necessary to thrive on a fixed spending amount after setting aside your savings, helping you achieve lasting financial health.

In the second half of our conversation, we tackle the all-important distinction between necessities and luxuries in your spending habits.

Samantha debunks the myth that sales always lead to savings and emphasises the importance of a well-structured spending plan.

Learn how to differentiate between wants and needs to create better financial habits and safeguard your future. Samantha also discusses the role of emergency funds and how to adapt your financial strategies to life's major events.

Plus, get introduced to the versatile features of Spending Made Easy's software, designed to help you manage your finances seamlessly across different currencies.

Tune in and equip yourself with the knowledge to make informed financial decisions!

Chapter Summaries

(00:03) Mastering Savings and Spending Habits

Nature's spending habits, prioritising savings, and psychological impact of fixed spending amounts for financial stability.

(12:47) Understanding Spending Habits and Savings

Distinguish between necessities and luxuries, create a spending plan, have an emergency fund, and use Spending Made Easy software for effective financial management.

Highlight Timestamps

(02:25 - 03:07) Importance of Saving First

(06:46 - 07:11) Changing Times and Budgeting Challenges

(09:59 - 11:33) Effective Savings Habit Transformation

(15:10 - 17:10) Planning for Future Financial Security

Host and Producer: Ron Fielder

Web: podcastcity.com.au

Email: ron@podcastcity.com.au

Mobile: ‭0491 633 320‬

Co-Host: Samantha Boardman

Web: spendingmadeeasy.com.au

Email: hello@spendingmadeeasy.com.au

Mobile: 0404 468 525