Planning helps Rayne shine
It would be easy to imagine that as a former leading West Coast Eagles WAG, Rayne Bryant never has to worry about a thing.
But the single mother-of-three, and the ex-wife of 2006 Norm Smith medallist Andrew Embley, says like many contractors, her fluctuating income can cause sleepless nights.
When asked about her biggest financial worry, 35-year-old Ms Bryant names the same thing most young families face — balancing the day-to-day expenses of raising children with planning for the future. “The way I earn money is sort of contract work, so I do not have a steady weekly income,” she said.
“One minute I could have a few grand in my savings account and all my bills are being paid, then the next minute, wow, a couple of my clients cannot pay their account and I am back to square one.”
With three businesses, Ms Bryant is no slouch when it comes to being financially savvy, saying it’s all too easy to become complacent so it is important to future-proof family finances.
“I’m trying to get used to the single life and provide for my three children,” she said. “Keep a roof over their head, keep the lights on and make sure they can do all the after-school sports they want to do.
“I think everyone (with a young family) will say ‘I will do it next year, as I am not ready yet’. But if you don’t start putting things down on paper or speaking to someone, then it may never eventuate and you may get stuck.”
Despite the day-to-day pressures on her finances, Ms Bryant is aware of the need to plan for the future.
“I come from a place where I try not to worry, but I am implementing plans so that I do not worry,” she said.
“I feel like the more organised that you are, ... the better you can feel about moving forward and the future.”
Rayne Bryant says planning ahead can take the stress out of family finances.