What is the 70/20/10 method? #investing

Ever felt unsure about how much you should be spending, saving, or putting aside for the future?
The 70/20/10 method is a really simple guide that helps bring a bit of clarity back.

If you took home $5,000 a month, it would look like this:
• 70% ($3,500) for everyday living
• 20% ($1,000) for savings, investing, or paying down debt
• 10% ($500) for personal spending, the things that bring balance and joy

It’s not a strict rule, just a framework to help you feel more in control and less overwhelmed.
And like anything in life, it can shift as your circumstances change.

It’s a small step that can make managing money feel a lot less stressful and a lot more empowering.

Financial Adviser @ Consortium Private Wealth
AFSL 495401 | Authorised Rep No. 1270413
Information provided is general in nature and not personal financial advice.

#finance #investing #australianfinance #financialadvice #wealthplanning #wimmera

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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.