Australia: My Experience With The Stock Market - Part 4

Aside from stonks, I was also researching about ETFs (exchange traded funds). It's like mutual funds but no. Then I came across spaceship voyager  then raiz .  If you want to know more about the two, you can refer to this  article . Below is a summary: 📌Make sure you understand the product and the risks involved before investing.  Source: Update: I opened an account with Raiz and will do a review after a few months 😊 . If you want to get started, maybe you can use my referral link here  to have  $5 for me, $5 for you! Thanks!   


Now that you know your financial status and have listed all your goals, the next step would be budgeting what you have.

Budgeting is very crucial to our financial success. It is knowing how much you are willing to spend for that thing. It will give you a big picture of your financial performance just like the income statement. The only difference is that, the income statement provides actual results while the budget provides only assumptions. That's why when you track your actual expenses and compare it to your budget, this will show whether you are doing well or not.


For those who really don't have the time to track their expenses, I would suggest separate right away your money according to your budget. Put it in an envelope or in your atm but don't mix it to your other funds. As you spend that certain fund, you will know whether you will have an excess or none.

 Monitor also if you are reaching your goals or not. Below is an example of how you will monitor your goals.


Tithe Fund - give back to the Lord what He has given you. If you have established your emergency fund, you can already include this in your budget. You can give back during the Christmas season, during your birthday or any day you want. It's very self-fulfilling when you give back. I can assure you that.

If you are still not sure how to do your budget, you can message me and I'll try to help you. 


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