Start by identifying your ‘needs’ and ‘goals’. Prioritise your needs first, and then discuss your financial goals with your family. It’s important to manage their expectations so that you can work towards your goals as a team.
Calculate your long term saving goals and make a budget based on your monthly salary to ensure that you save enough to meet these goals. You can also start monitoring your daily and monthly expenses and make sure that you make adjustments if you see yourself spending too much unnecessarily.
Attend our Money Wise Migrants workshop to learn the best ways to budget and save.