And no, I’m not talking about your lottery numbers.

Ever run out of money before pay day? Maybe more than once?

What if I told you I could show you how to have more money at the end of the month, instead of more month at the end of your money?

The secret, my friend, is knowing your winning number.

What is your winning number?

In a nutshell, your winning number is the amount of money you can spend every day, guilt free, knowing that all your expenses have been paid for. This includes savings as well as putting aside money for a rainy day for any unexpected costs, like your car breaking down. This means less time worrying about money and more time enjoying your money – sounds pretty good to me!

How do I find my winning number?

To find your winning number you’ll need to know two things:

1. Your Annual Take Home Pay – the salary that gets deposited into your bank account after any deductions, e.g. tax and superannuation.
2. Your Annual Fixed Costs – this comprises your regular bills, debt payments, ongoing savings deposits, and rainy-day funds.

Once you have these numbers, the calculations are simple! First, deduct your Annual Fixed Costs from your Annual Take Home Pay. Then take that number, and divide it by 365, for the number of days in a year. This will give your winning number!

Here are the calculations, summarised below:

1. Annual Take Home Pay – Annual Fixed Costs = A
2. A/365 days = Your Winning Number

If you’d like a more detailed guide on how to calculate your winning number, you can download my free eBook, Your Winning Number here.

Is it that easy?

Yes…and no. Whether or not you are successful in anything depends only on one thing – you. But you don’t have to do it alone. Just like how some people engage a personal trainer to help them get fit, you can engage a financial trainer to help you get fiscally fit. If you’re wondering whether you should use a financial trainer, check out my blog article, “3 Signs You Need to Hire a Financial Trainer”.

The fact that you’re reading this blog is a positive sign that you’re looking to change. So, take the next step and download Your Winning Number. And if you have any questions or comments about your Winning Number, I’d love to hear from you. You can also reach out to me on the contact details below.