Simple ways to budget and save money, ABC News

If you ve ever struggled with sitting down and doing a budget, you re not alone. The key with budgeting is to start out with some goals. When it comes to budgeting, it s important to find a method that works for you. Whichever budgeting system you choose, it can be really useful to spend a couple of weeks doing a money diary, where you list everything you spend from big bills to coffees. Three common budgeting methods are the cash envelope method, the balanced money formula, and a traditional budget. This video contains general information only. It should not be relied on as finance advice. You should obtain specific, independent professional advice from a registered financial planner in relation to your particular circumstances and issues. Read more: RESOURCES National Debt Helpline ASICs Moneysmart ASICs Moneysmart budget