I hope that by sharing my 2022-23 household budget numbers, it inspires you to have a good look at your own.
When I first set out to improve my money management skills, I benefited greatly from several close friends – and even some wonderful readers of this column – sharing with me theirOkay, so not everyone wanted to share their exact income. But many happily handed over their detailed spreadsheets or written summaries of their anticipated annual spending. Which was truly mind-blowing to me.
So, I’m about to return the favour and share my own household budget for FY2022-23 with you, dear reader. If there was ever a financial year in which to write a household budget, 2022-23 is it, amid rising interest rates, soaring power bills, petrol prices above $2 a litre and $10 lettuces. You can access my free annual budget worksheet atLike any budget, the numbers are just estimates. Governments get budget forecasts wrong all the time but that doesn’t stop them giving it a crack – and nor should it you.