Financial advisor shares favourite way to budget

My favourite way to budget is what I call a priority or values-based budget. It’s not about cutting everything back or feeling restricted, it’s about being intentional with where your money goes.
The starting point is sitting down and thinking about what actually matters to you, then making sure money is allocated to those priorities every time you get paid. The easiest way to do this is by automating those payments so the decisions are made upfront, not in the moment.
For me, that means prioritising security and housing costs first, setting aside money for travel because that’s important to me, and salary sacrificing into super so I’m also planning for the future. It also includes discretionary spending so I can enjoy life now, spend time with friends and say yes to experiences along the way.
The goal isn’t choosing between living now or saving for later. It’s creating a structure that allows you to do both in a way that feels aligned with your values.
General advice only. Based on Australian regulations.
Amy Lehmann is an Authorised Representative (No. 1292710) of Consortium Private Wealth Pty Ltd (AFS Licence 495401).

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Advice Disclaimer || Any advice given by the presenter/s has been prepared without considering your individual objectives, financial situation or needs. So, before you act on the advice you should think about whether the advice suits your objectives, financial situation or needs. If the advice relates to acquiring a financial product you should obtain a copy of the Product Disclosure Statement for that product and consider it before making a decision. This presentation has been prepared by Consortium Private Wealth Pty Ltd (ABN 74 616 250 965) (AFSL 495401). If you require advice which takes into account your objectives, financial situation and needs you should speak to a financial adviser.

Robert Goudie (ASIC Reg 235974), Ashley Rowan (ASIC Reg 433899), Olivia Glare (ASIC Reg 1262290), Rachael Todman (ASIC Reg 1270413) & Amy Lehmann (ASIC Reg 1292710) are Authorised Representatives of Consortium Private Wealth Pty Ltd ABN 74 616 250 965 AFS Licence 495401.