Good debt and cash flow management is an important part of living a happy life; that's why it's important to have a regular cash flow to meet your daily needs. Creating a budget is one of the first steps to managing your cash flow. Look at the essential things you need such as housing, food, and bills, and then consider the things you'd like to have or want. Once you've created your budget, monitor it regularly to make sure your finances stay on track.

If you're unsure about what you need to do, then TelstraSuper Financial Planning is here to help you manage your finances and keep things on track.

Create your budget

Some things to consider when thinking about your finances

• are you paying off your home loan as quickly and efficiently as you would like? Our Financial Advisers can provide you with strategies to help pay off your mortgage sooner
• do you know how much you will need to budget for in retirement? You will need your super to boost your income in retirement, so it's best to know how to manage it
• do you understand what money comes in and goes out each month? Are you saving or paying off debt and still able to enjoy your life?