Define your financial goals

Hi there I see you wanting to save an emergency funds pot, buy your first home or book a family holiday. The very first step is to look at last month’s bank statement. Ask yourself what are you spending on? What are you constant fixed costs? i.e. your rent/mortgage, car insurance etc. How much do you spend on food? How much do you save? How much do you spend on petrol?

Once you have done this you should hopefully have a clearer picture on where your money goes. The next crucial question is are you happy with what you are spending your money on? If the answer is no there is GOOD NEWS…. there is always room for improvement

Actionable steps:

• Define your financial goals, put simply what do you want your finances to look like and WHY (the why is key to keeping you disciplined)

• Create an ideal and REALISTIC budget on what you would like to spend on a monthly basis (check the product page for a spreadsheet that will calculate for you).

• Withdraw cash when you go food or clothes shopping it’s psychologically easier to spend large amounts on card

• Don’t shop when hungry or feeling down (I can confirm this one is true😂 Asda has definitely earned off my tough work days

• Shop around for quotes when changing car insurance, mobile phone contract, energy suppliers

• Prepare a shopping list and don’t be lured in by BOGOF offers or 50% off stickers. Remember you are shopping for what you need

• Look for events or days out that improve your mental or physical health, e.g. gym, hair salon etc. Money is well spent if it is improving YOU as a person