Money plan super systems
Discover You're The Boss super systems module featuring superannuation basics, consolidating multiple accounts and retirement tips.
Your system is the collection of daily habits that will get you to your goal.
The hardest part of any money plan is making it work. Put a system in place that automatically allocates your money where it needs to go to support your money plan.
Here is one system that we have seen work.
Bank Account 'Buckets' System
Try it yourself using this template below. Download a copy to print this out.
4 buckets in total.
- Bucket 1 for your income.
- Bucket 2 for your bills.
- Bucket 3 for everyday expenses.
- Bucket 4 for your savings and buffer.
Tally up the total for each bucket.
Remember to review regularly.
Your plan will need tweaking along the way so track your expenses and see if it's matching with what's listed in an expense table. For more information on an expense table, click here.