Managing your money

We often hear how important it is to budget, but life gets in the way and before you know it, you’ve overspent. Budgeting is a critical part of building future wealth and the effect of good budgeting over many years can’t be underestimated.

Effective budgeting is a matter of breaking down all your expenses, often into separate spending buckets such as travel, entertainment, bills and loans and itemising as much of your spending as possible. In many instances, when you start to list out all your spending you will notice your spending is actually more than you initially thought.


Six steps to making a budget work

  1. Choose a timeframe to track spending.
  2. Work out your total income.
  3. Calculate your expenses.
  4. Work out your surplus or deficit.
  5. Double check for accuracy and realism.
  6. Track expenses and update.

How we help you

Silvan Ridge can take you through the process of budgeting and importantly, motivate you to stay on track over a long period of time. We can also assist with reviewing your loans to ensure that you’re not paying too much and you are minimising interest payments. Here is a summary of our services:

  • Budgeting
  • Cash flow management
  • Savings
  • Loans and debts



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