Are You Tracking Your Money the Wrong Way?

How do you keep track of your money?

Most people focus on one (or both) of these:

💰 Bank balance – Is it going up or down?

🏠 Home loan – Is the debt shrinking?

A few years ago, I met a client who felt completely stuck with their money.

They told me, “I keep an eye on my bank balance and my home loan—shouldn’t that be enough?”

The problem? Their money wasn’t really going anywhere.

They were doing all the ‘right’ things—paying off debt, watching their savings—but they had no idea if they were actually building wealth or just treading water.

It’s better than nothing, but here’s the problem...

It’s like driving a car while only looking in the rearview mirror!

A Better Way to Monitor Your Money

Instead of tracking what’s already happened, focus on where you’re going.

✔️ Net Worth Growth – Are your savings & investments growing faster than your debts?

✔️ Savings Rate – Are you saving at least 15-25% of your income consistently?

✔️ Goals Progress – Are you on track for your short-term and long-term financial goals?

We help people create a clear roadmap for their money—so they can build wealth, reduce debt, and take control of their financial future.

📩 Want to see what’s possible or need a reveiw? Contact us with "roadmap", and let’s chat!

Because you deserve to drive your finances forward—not just react to the past.

This blog contains information that is general in nature. It does not constitute financial or taxation advice. The information does not take into account your objectives, needs and circumstances. We recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making any investment decision or acting on any of the information contained in this document. Subject to law, Cobalt Advisers Pty Ltd nor their directors, employees or authorised representatives, do not give any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of the information contained in this document.