Money Management

for Women

And The Essential Foundations of a

Financially Successful Future!

Read this booklet if you want to:

•Avoidthemistakesofyourparents

•Discoverwhatyoudon’tknowabout

money

•Discoverhowtoreplaceyourbad

moneyhabits

•Viewyourcurrentfinancialsituationin

clearterms

•Discoverthesecrettoafinancially

rewardingfuture!

•Ifyoufearthatyouwillhavetoomuch

lifelefttolivewhenyourmoneyruns
out,thenthisbookletisforyou.

Janeecehasover20yearsoffinancial

planningexperience.

Herinspirationistohelpclientswith:

retirementplanningsuperannuation,debt

management,insuranceandrisk,estate

planning,andtheirmanagedinvestments.

Janeecespecializesinusinghervast

experienceandknowledgetonotonly

givequalityfinancialadvice,butalsoto

helpimproveandeducatepeopleongood

financialmanagement.

Sheworksonapersonallevelwithherclients

toensurethattheyunderstandthedirection

oftheirfinancialfutureandunderstandsthat

financialplanningisabalancingactbetween

wealthcreation,cashflowandlifestyle.

Welookforwardtoassistingyouinyour

pursuitofFinancialFreedombyofferingyou

adviceandarangeofFinancialSolutions

tailoredtoyourspecificbusinessorindividual

needs.

What You Don’t Know

About Money is Costing

You Money!

And if you don’t know what you don’t
know then your finances are always
going to be out of your control.

Butyouarenotalone.Thereare
thousandsofwomenacrossallwalks
oflifewhoarestrugglingtoeithermake
endsmeet,orputmoneyawayforthe
future.

However,justastherearemanylikeyou,
therearealsomanywhohaveturned
circumstanceslikeyoursintosuccessful
andprosperoussituations.

Whether you are young and looking to
settle, on your own for the first time in
years, looking to improve your family
finances, or suddenly in financial
hardship; there is help at hand.

Thathelpbeginswithalittleknowledge,
anditstartsrighthere.Thisbooklet
willteachyouafewmoneybasicsthat
youmaynothaveheardbeforeandwill
showyouhowyoucandiscoverthevital
ingredientsthatcreatethebasetoa
soundfinancialfuture.

Inside this booklet you will discover:

•3importantfinancialdefinitions
•The3typesofspending
•Badfinancialhabitsyoumaynotbe

awareof

•Acurrentfinancialbalancesheet
•Thedifferenttypesofbankaccount

Soreadontodiscoverwhatittakesto
becomean
independentand
financiallyfree
womanintoday’s
world...

Assets

What are they, and why do you

need them?

Youmayhaveheardpeopletalkabout
theirassets.Youmayevenhavebeen
askedtolistyourassetsonvariousforms
–insomecasesyoumayhaveevenhad
tosplitassetsbetweenmembersofa
family.

So what are they?

Essentially,anassetisanyitemyouown
thatcouldbeconvertedintocash,orthat
earnsyoucash.

Itcanbeatangibleobjectoranintangible
concept,theimportantthingisthatitis(or
couldbe)asourceofmoneyforyou.

Tangible Assets

Intangible Assets

FamilyHome

Patents

Cash

Skills

YourCar

Copyrights

InvestmentProperty

Trademarks

Why do you need assets?

Youneedassetsbecauseoftheirability
toeitherbecomeorgeneratecash.

Insomeinstancesanassetcangrow
morevaluablewithtime.Yes,some
assetsdodevaluewithtime,butassets
thatholdorincreaseinvaluecanbecome
asignificantsourceofcashandleverage.

Lookatitanotherway–Ifthedebt
collectorscan’ttakewhatyouowein
cash,theytakeyourproperty–atangible
assetthatcanbetradedforcash!

Liabilities

What are they, and how do they

affect your financial situation?

Justasitisimportanttounderstandhow
assetscanbenefityourfinancialsituation,
itisalsoimportanttounderstandhow
liabilitiescanaffectit.

So what are they?

Liabilitiesareitemsthatcostorcause
youtolosemoney.Agoodwaytolook
atthemistoseethemascashyou
areobligatedtoloseduetovarious
circumstances.

Examples would be:

•Moneyspentonarentedhome
•Debts
•Carpayments
•Consumerdebt
•Creditcarddebt

How do liabilities affect your
financial situation?

Liabilitiesaffectyoursituationbycausing
youtoloseacertainpercentageofyour
financesatregular(andsometimes
irregular)intervals.

Youcanmanageyourliabilities,butinone
formoranothertheywillbeaconstant
thatyouhavetoaccountfor.

Poorlymanagedliabilitiesareoneofthe
majorcausesoffinancialstress.

Fortunately,withcarefulplanningthey
arealsooneofthepredictable–and
therefore

easytomanage–aspectsofany

budget.

Your Personal Balance

Sheet - Assets

Assets

Current Value

Cash - Include:

Cashonhand

Bankaccounts

Highinterestsavings

Otheraccounts

Loanstoothers
Property - Include:

Familyhome

Contents

Personal Property - Include:

Cars/caravan/boat

Clothing&effects

Othervaluables
Investments - Include:

Shares

Fixedinterest

Property

Managedfunds

Insurancepolicies/bonds
Superannuation - Include:

Current&previousschemes

Business Assets - Include:

Property

Goodwill

Plant&equipment

Interest In An Estate:

Other Assets (list):

Total Assets

$

Your Personal Balance

Sheet - Liabilities

Liabilities

Current Value

Consumer Debt - Include:

Creditcardbalances

Storechargeaccounts

Hirepurchase

Bankoverdrafts

Householder Debt - Include:

Outstandingphone&utilities

bills

Loans - Include:

Cars/caravan/boat

Motorvehicles

Personal&otherloans
Investment Loans - Include:

Shares

Property

Bonds

Other Debts - Include:

Personalguarantees

Business Loans - Include:

Bankoverdraft

Creditcards

Plant&equipment

Personal Debts to Family &

Others:
Other Monies Owing (list):

Total Liabilities

$

Your net worth (Assets - Liabilities) is:

$

Income

What is it, why is it important,

and how can you create it?

Incomeisthesourceofmoneyyoucan
realisticallyrelyontoregularlyreplenish
yourfinances.Therearetwomaintypes
ofincome:earnedandpassive.

So what are they?

Earnedincomeistheincomeyouearn
throughlabour.Youcommityourtime
orservicestoanemployer(orcustomer)
andinreturnyoureceivecash.

Passiveincomeisincomethatisreceived
onaregularbasiswithlittleongoingeffort
tomaintainit.Itisoftengeneratedby
aninitialactionthatrequireslittlefuture
action.

Fixed Spending

What is it, and how does it affect
your financial situation?

FixedSpendingisspendingthatyou
arecommittedto,andthatisoutofyour
control.Itisanunavoidablecostthatyou
needtoregularlyallocateacertainper-
centageofyourfinancesto.
Examples of Fixed Spending:

•Mortgagepayments
•Rentpayments
•Debtrepayments

How does Fixed Spending affect
your financial situation?

Inanutshell,FixedSpendinghastobe
accountedforinyourbudget,andyou
havetoallocatefundstobespentonit.

Unfortunately,FixedSpendingis
unavoidable.Forthisreasonaloneitis
oneofthehardestcoststocometoterms
withformanywomen.

Earned Income

Passive Income

Employment

ResidualIncome

ContractedServices

Pensions

ShareTrading

RentfromaLeased

Property

Part-timeBusiness

Interest

Why is income important and
how can you create it?

Incomeisimportantbecauseitisyour
regularsourceofmoney.Itallowsyouto
haveapoolofcashwhichyoucantrade
forshelter,food,andsecurity.

Itcanbecreatedinanumberofways.
Mostcommonisthroughwork,butitcan
alsobecreatedthroughinvestments,
rentalreturns,stocks,royaltiesand
applyingforgovernmentpensionsand
payments.

Variable Spending

What is it, and how can you
control it to benefit your financial
situation?

VariableSpendingisspendingthatis
withinyourcontrol.Youmaynotbeable
toavoiditcompletely,butyouareable
toaffecthowmuchyouspendandhow
often.
Examples of Variable Spending:

•UtilitiesBills
•TransportCosts
•WeeklyGroceries

How can you affect and minimise
your variable spending?

Inmanycases,alteringyourvariable
spendingcanbeassimpleassourcinga
newserviceprovider.

Youcanalsoaffectitbydoingsimple
thingslikeusinglesspower,buying
cheaperbrandsofcertaingroceryitems,

buyinginbulk,carpooling,andwalking
orridingabiketonearbydestinations
insteadofdriving.

How can I vary spending to my
benefit?

Byregularlycheckingthatyouhavethe
bestpossibledealfromvarioussources
(utilities,telephone,banks,loans),you
canminimiseyourvariablespendingand
makeitmore

manageableforyou.

Discretionary Spending

What is it, and how can it make
or break your budget?

Discretionaryspendingisthenon-
essentialspendingthatyouallocatefunds
too.Itcancomeinmanyformsandcan
varyfromweektoweekandmonthto
month.
Examples of discretionary spending:

•Habitualspending
•Entertainment
•Presents&gifts
•Impulsespending

How can Discretionary Spending
affect your budget & financial
situation?

DiscretionarySpendingisarewarding
typeofspending(itgivesyouthethings
youwant)butitcaneitherblowyour
budgetrightoutofthewater,oritcan
provideyouwithexcessfundsthatcanbe
channelledintosavingsandinvestments.

Inourexperience,DiscretionarySpending
ismostrewardingwhenitismanaged
andtreatedasafixedamountthatyou
allocateonaregularbasis.

Whentreatedright,Discretionary
Spendingcanprovideyouwithmaterial
satisfactionwithoutnegativelyaffecting
yourbudgetorfinancialsituation.

Replacing Bad Habits

Ifyou’vebeenreadingthroughthis

bookletandhavealreadygainedsome

insightintoareasthatyoumayneedhelp

in,orthatyoususpectyoumaynotbe

treatingright,thenthere’sagoodchance

youhavesomebadmoneyhabits.

What are bad money habits?

Badmoneyhabitscanbementalor

physical.Itmaysimplybeamindset

thatcausesyoutothinkthatyouwere

neversupposedtohavemoney.Youmay

spendtoomuch.Youmayspendtoo

little.Whateveryourbadmoneyhabitis,

wecanhelpyouwithit–butmoreonthat

later.

Where do bad money habits
come from?

Often,badmoneyhabitsaretaughttous
byourparents.Theycanalsostemfrom
pastperiodsofourlifewhenmoneywas
scarcer,orwhenmorereadilyavailable.

Theimportantthingisthatourbadmoney
habitsarelearnedbehaviours.Because
ofthat,theycanbeunlearnedorreplaced
withpositivemoneyhabits.

Thereareanynumberofgreatbooks
outthereaboutmoney,andthereare
alsosometrulybeneficialcoursesabout
moneyandwealththatyoucanenrol
yourselfin.

Different Types of Bank

Accounts

Thebankaccountsthateveryoneneeds
areatransactionaccountandeithera
mortgageoffsetaccountorahighinterest
internetbasedsavingsaccount.Forthis
exerciseitmightbebesttogowiththe
transactionaccountandinternetsavings
account.

Thetransactionaccountpreferablyhas
noaccountkeepingfees–noeftpos,atm,
accountbalance,overthecounterdeposit
feesandshouldbeabletobeaccessed
viaphone/internet/atm/efpos/giropostand
overthecounter–somepayupto2%
interestsolookforonethathasallthese
featuresandactuallypaysinterest.

Theaccountforbudgetingisonethatcan
haveseveralsubaccounts–i.e.onefor
everydaytransactions–onesubaccount
forcontrollablespending–oneforhigh
interestsavings-etc.

Thehighinterestinternetaccountshould
beabletobeaccessedviainternet/phone
(incaseinternetisdown)andshouldpay
interestondailybalancesandinterest
paidmonthlyintotheaccount,andhave
nofeeswhatsoever.Thingstolookout
forare:specialhigherinterestratesthat
onlylastafewmonthsandtieredinterest
rates(i.e.ifyouhave$1000theypay1%
-if$50002%etc).

How to put it all

together...

Nowthatyou’renearingtheendofthis
booklet,you’reheadisprobablybuzzing
withallthenewinformation,andIdon’t
doubtthatyouarelookingtoputitinto
practice.

Buthowdoyouplantodothat?After
all,asmuchasI’veshownyousome
pointers,theyreallyaren’tmorethanthat.

However,youmayrecallthatearlier
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