One of the realities of contemporary everyday life is that we live in a very commercialised, consumption based society.
That commercialism often conditions us to believe that our place and importance in society is defined by what we possess and consume, rather than how we live our lives.
By taking a moment to think about this, we can all instantly relate to how pervasive the nature of modern marketing and commercialism is in our day to day lifestyle.
I would argue that we all fall victim to the commercialism of the modern world at times – Peer pressure, advertising (either traditional or via social media), the abundant availability of credit etc., etc.
How many of us could honestly say that we have never fallen victim to the relentless nature of society’s push to consume.
As individuals do we ever stop and take a moment to think why?
Why have I purchased a new pair of shoes when I already have 10 good pair of shoes in the closet?
Why have I purchased a larger flat screen TV when I already have a large flat screen TV?
Why have I accepted my bank’s offer to increase the limit on my credit card when I can’t pay the current balance owing in full each month?
One of the goals I have for Empower Money Management is to help my clients to challenge themselves as to the reasons why they make the financial decisions that they do.
Often my clients are able to learn from their past financial behaviours that consumption for the sake of consumption does not necessarily equate to happiness.
The skill of learning how to control and moderate your spending within the structure of a manageable budget is often the most liberating financial experience you can have.
To learn how to live more while buying less contact Leigh at Empower Money Management today.
M. 0407 439 827
One of the struggles that many people have expressed that they face with the battle of day to day budgeting is that they never seem to have any spare cash.
Given the shortage of cash that is often the result of either poor budgeting or no budgeting; how is it that I would then expect people to be in a position to pay for fee-for-service budgeting help?
I believe the key here is in providing simple, easy to understand, good quality information that empowers people to make an informed choice on their own behalf.
My initial consultation with any prospective new client is free of cost and obligation. It is simply designed to be an open and honest chat where you decide for yourself if you see any value in engaging my services.
Assuming that you do see a value in engaging my services you then sign a Letter of Engagement that sets out the specific goals you have engaged me to assist you with. From this point on I then charge a client $100 per hour of my time.
To portray this in further detail I will use a hypothetical example;
Client A engages me to assist with creation of a monthly budget that details current fixed income, current fixed expenses, current levels of discretionary expense and current capacity to save. Client A also engages me to review their current portfolio of loan and bank accounts with a view to suggesting where any further monthly savings may be created.
It would depend upon the level of complexity in the income and expense scenario above, however typically there would be around 3-4 hours work for me to analyse the scenario outlined and to prepare my report for my client.
Therefore, in this example the cost to my client would typically be in the range of $300 to $400. Furthermore it is important to note that this is a once only expense.
It is obviously not possible to provide a specific answer to the level of savings that may be made in each individual budget, however I don’t think it is unreasonable to suggest that savings in the area of $3000 to $5000 per year could typically be achieved for most wage earners through adopting a more disciplined approach to setting and then following a monthly budget.
If you then choose to maintain the budgetary discipline year on year the value for your initial outlay just continues to improve.
I believe a key in setting a budget that you will stick to still includes making reasonable allowances for discretionary expenditure that you don’t want to live without. Obviously this is different for everyone but these are the types of issues I talk through with my clients to ensure that the budget we set remains both achievable and enjoyable.
As I state on my website;
“My coaching program is designed to empower people to develop a capacity to make better financial decisions on their own behalf; and enjoy the financial peace of mind that can be created with appropriate levels of planning and control.”
For further information or to arrange an obligation-free consultation contact Leigh today.
M. 0407 439 827