Money Talk

Hey Reader,

When I first started getting my finances in order I was literally SO overwhelmed.

Where do you even start?!

There's saving, debt, emergency funds, ISAs, investing etc all to learn about and it made my brain hurt.

The key thing to do is to take is one baby step at a time.

The worst thing you can do is try to learn everything at once as you'll explode with information.

For me, this is the optimum order to learn about money so you can break it down.

I've also included some guides to help you along the way.

If you're somewhere on this journey then awesome, but hopefully this helps you understand it.

1. Start with why - if you don't have a reason to do the below then there's no point as you WILL fail. Get your why and your goals in place early.
2. Debt - clear it, learn it, don't get back into it - there's good debt and bad debt - Watch my video about Bad Money Habits.
3. Budgeting - do one, keep it up and stop treating budgeting like it's not THE most important thing you can in personal finance - Learn How To Budget Here​
4. Emergency funds - everyone says build 6 months of pay - that's a lot. Start with one month and then slowly build it up over time alongside your savings. - Learn about emergency funds here​
5. ISAs - You get 20k per tax year across Cash ISAs, Lifetime ISAs, Stocks and Shares ISAs. Profits and interest are free from capital gains tax - Free ISAs for beginners guide here.
6. Savings - Using your ISAs and high interest savings accounts - start tucking money away for short term goals - learn about habits - Learn how to save money here.​
7. Investing - Once you've got your house in order i.e no debt and an emergency fund it's time to start looking at ways to invest to grow your piece of the piece - Want to learn but don't know where to start?! - Start Here​
8. Property - Once you've made a dent in your savings you may look towards owning a home and/or property investment. Until you've got the money though - don't worry about it so much. Learn about buying your 1st home here.

There's SO many resources there so I suggest saving this email somewhere and referring back to it when you need it.

OR you can pop on over to the Up the Gains website anytime and find over 300 free guides on there about any of these topics!

Have an amazing week people!

Sammie

P.S. "An investment in knowledge pays the best interest" -Benjamin Franklin