I am Mark Wenzel, Senior Financial Adviser with The Hopkins Group and for as long as I remember, I have been recommending people spend less than they earn and invest the excess money.
In my own situation, I have broadly used an ad hoc system where I pay myself first and invest this money without having any structure to the process. However, always looking for ways to improve, I wanted to look into ways I could better monitor my cash flow position and be more mindful of how my family and I spend our money.
With the additional time I have due to the COVID-19 shut down and a desire to experience more and buy less, I thought I would try ‘The Hopkins Group Money Masters’ program and share my experience with you. Over the next three months, I plan to write about my experience and share what I’ve learned over the time.
Money Master is The Hopkins Group’s cashflow and budgeting solution to help put your finances in focus and give clarity to your spending.
It’s powered by Xero Cashbook, which is an online app which can help track income and expenditure. The program is described to “take the stress out of managing your money, so you can be in a healthy position to plan and save for the future.”
In my case, I hope it can help me better understand where my family is spending money.
I aim to increase my savings so that I can experience more in life. Experiencing more to me means:
By sharing my experience, I hope to encourage more people to take stock of their finances and work towards achieving their goals. While I won’t be getting into detail about how much I spend, nor what I chose to spend money on, over the next three months I hope to:
I plan to write regular articles sharing my progress and what I’ve learnt, to hopefully shed some light on small changes that people can make that may have a longer term impact.
If you’d like to learn more about the Money Master Program and how it may work in the context of your own financial situation, please get in touch by clicking through to our contact page or give The Hopkins Group a call on 1300 726 082.
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