Welcome again to the Public Awareness column provided by the Reserve Bank of Fiji (RBF). This month’s article provides you some personal budgeting guidelines and tips on how you can save money to achieve your financial goals.
Are you working from paycheck to paycheck and scrapping through your wallet, trying to pay your bills? Do you wish for a needed vacation but do not have the money for it? Are you spending more than you are earning? If you have answered yes to any of the questions above, you may need to start planning your finances. A personal budget will help you make those ends meet.
A personal budget is a money management tool that shows you how much money you make, how much you spend, and allows you to save for the things that are important to you such as a new car, education, a comfortable retirement, travel, or what ever your future dreams may be.