Budgeting & Money Management

Budgets are at the forefront of every financial decision you make, both short and long term. It is the only way to gain a comprehensive understanding of your financial position in order to plan for your future spending and investments. At Lifestyle Money Management, we work to put you back in control of your money. Our budgeting process will help you learn how to responsibly spend your money on things you need and want, while ensuring there is enough money in the bank for any unforeseen expenses. We can help to ease the stress associated with financial hardship, and put you back on track with our holistic money management solutions.

Our Process

After your free, no obligation consultation, we will provide you with a comparison report that includes all relevant information to your specific situation. In terms of budgeting, this would include separating your variable costs from fixed, and determining how the two can be simultaneously managed to achieve the best outcome. Next, an authority to proceed is presented, allowing you to accept, reject or dispute to recommendations we have made based on our extensive industry experience. The final statement of advice will then be provided to you, with all relevant information regarding the ongoing professional relationship.

Budget Planner

Home Loans

Are you sick of dealing with banks or other brokers who don’t seem to care? Are you looking for a great rate home loan and someone to make things easier for you? Well, you have come to the right place!

Lifestyle Money Management Home Loans is our white label mortgage product, designed to deliver a real alternative to the major banks by offering flexibility and control over product, pricing and service. We provide our clients with unique and exclusive features in order to give them confidence in their income.

Download Our Budget Planner

Budget Planner

Business & Commercial

Plant and Equipment

We can support you by:

• Offering vehicle & equipment finance solutions
• Diversifying your business with our extensive panel of lenders and industry knowledge
• Providing you with access to a simple Online Lodgement & Quotation system

When you join, you retain total control of your business. Our offerings are tailored to your individual business needs, with different service propositions based on your experience and volume levels.

Loans

We can support you with:

• Short term loans
• Asset based loans
• Term loans
• Equipment & Real Estate loans
• 3-13 Year Balloon loans
• Adjustable Rate loans

Additional services for commercial clients include:

• Credit Lines – typically used to finance inventory, receivables, project or related work
• Contract Financing – payments made by the contracting party made to the lender
• Factoring – used by firms unable to obtain bank financing
• Leasing – advice given prior to lease purchase, and during renewal or return

Please note: commercial lending is not standardised as it relates to programs and guidelines. Banks must meet certain federal standards, but the index, margin, amortisation, term and fees are components that are controlled by the investor based on their risk profit analysis.

Property

Property has been a popular path to wealth for Australians for many years. Buying a home is often the most significant investment people make in their lifetime, and purchasing an investment property may well be the second, even before purchasing shares and other assets. Buying a rental property can be a good way to gain capital growth that can be used later in life for other luxuries that you perhaps otherwise would not have been able to afford!

When done sensibly, property investment has a myriad of attractions. Firstly, it is generally less volatile than shares, making it a reliable asset while others are declining in value. It also has the potential to generate capital growth, as well as rental income. Tax deductions are another great draw card for property investment, giving buyers the opportunity to essentially earn money back from the government.

Our Process

At Lifestyle Money Management, we tailor our investment property strategy to your exact budget and financial goals, to ensure you have sufficient funds at your disposal to successfully achieve a worthwhile investment. We will take care of the entire investment process, from initial planning, property purchase and construction, right through to handover and ongoing property management. Our property investment specialists will help you identify locations with high rental demand, high rental returns and long-term capital growth, giving you access to the best investment properties on the market! You can retire with confidence knowing you will have a consistent flow of income for decades to come.

Please consider seeking independent taxation advice to check how this relates to your unique situation.

Insurance

Lifestyle Money Management offer expert advice regarding life insurance solutions, which are designed to protect you and your family against financial hardship in the event that your income is compromised. Our life insurance services include:

• Life Cover – designed to pay a set amount of money to your nominated beneficiaries when you pass away
• Trauma Cover – provides financial support for those who experience an unforseen diagnosis with a debilitating illness, such as cancer or stroke
• Income Protection – if you are unable to work due to sickness or injury, this insurance will compensate a portion of your income until you are well enough to return to work
• Total & Permanent Disability (TDP) Cover – generally sold with life cover, TPD will ensure you are paid a lump sum to assist with covering rehabilitation & living costs if you are/become permanently disabled

What We Do

We work with you to help you choose a provider and cover that will best serve you and your loved ones. We thoroughly analyse the amount of cover your family would need in order to repay debts and cover necessary expenses, while also looking into how much your family will continue to receive from other forms of earnings i.e. superannuation, savings & shares. Lifestyle Money Management leave no stone unturned when it comes to choosing the cover that will leave you and your family in the most beneficial financial position for years to come.

Superannuation

Superannuation is a manageable fund in the form of compulsory savings that can only be accessed upon retirement. A standardised 9.5% contribution of your salary will be made by your employer(s), however, you may also choose to invest your own funds in the form of salary sacrificing, personal pay contributions, bank transfers and super transfers, to ensure you live comfortably once you are no longer earning a steady income. Lifestyle Money Management can help you choose a super fund relative to yours and your employer’s requirements to reach the most beneficial solution. If you currently have more than one provider, we can also assist in consolidating your super funds to save you fees, while helping you keep better track of your super.

Alternative Investments

Aside from super, there is a wide variety of investment opportunities available, with each designed to create a reliable, long-term stream of income. Diversifying your investments is a great way of safeguarding your capital growth, as unfortunately, it is all too common for people to place all of their money into one large investment, and as a result, are left out of pocket when the investment underperforms. Two of the most common long term investments include shares and property, with both of these generally increasing in value over time. Shares are more versatile than property in that they can be bought and sold in small quantities, quickly. However, they can also be more volatile, with different share markets experiencing varying levels of unforeseen growth and decline. Property is a less diverse investment opportunity, especially at retirement age where a return is sometimes not realised in the short term. Lifestyle Money Management are here to guide you through the often daunting task of investment selection, with each client assessed on a case by case basis. We will identify the most effective ways of diversifying your investments, as well as recommending those which, based on our experience, we believe will achieve the best capital growth.