Updated: Apr 23
There's a freebie waiting for you at the bottom so that you can get crackalacking on your own foundations.
Here are my top 10 - choose the ones that resonate most with you:
What are you working towards?
What's important to you in the near or distant future that you are aiming for? Just want to get organised - great, then what do you want after that? Want to pay off your overdraft - great then how to not get in it again? (best will in the world) Want to save up for something gorgeous like a holiday? Such a great motivator always works for me! Want to make the most out of your ISA allowance - such a great idea - what are you planning on doing with your savings? Starting with the end in mind gives you a destination so that you can point your car in the right direction. And it's an absolute must that you revisit your plan when you're struggling to stay motivated or when you've achieved it and need a new plan.
Don't restrict yourself too tightly - unless you absolutely have to
If you're in an urgent state where you need money for something understandably cutting out all non essentials makes sense. Living like that longer term is no fun though so when you have your goal, creating a timeline that allows you to live a little will more likely work out better. When making decisions to buy something, like sometimes I really NEED that H&M dress and it's ONLY £17.99, then just know it's impacting on your goal a little bit - if this sits well with you then so be it! If you feel guilty then maybe don't buy it? If you had your beer goggles on then go and get a refund when the hangover has gone.
Having a cash-flow forecast for 12 months visibility, means you can get your game face on!
With your hand on your chin contemplating your next chess move, looking at all the pieces on the board not just your own, you can manoeuvre strategically! Living month to month works really well when you're in the detail but creating your big picture game plan has to come first. Month by month expenses, income, birthdays, car servicing, trips away, all need a birds eye view so that you can reverse engineer your months - love this kind of forward planning! Like being one of those mums who's always got a spare birthday card and little gift for someone, it's a slightly smug feeling I rather enjoy.
We all know this year is going to hurt a bit - but for you how much?
So how are all the changes going to affect you? Did you just shrug and mumble something about having no idea...? Don't worry you're definitely not alone. Food, fuel, electricity & gas, national insurance, council tax ... get your big changes listed out in the months they are going to hit down so that you can adjust your spending money (budget) or reduce other items deemed essentials but perhaps aren't if need be. Your budget blueprint for the year ahead enables you to adjust ahead of time so that you work around what's going on. Our council tax is now £200 a month instead of £168 from last year as of this month ouch! So that is now factored in. October is looking slightly terrifying for energy - although watch this space I'm confidently hoping something good will happen before then - so November is likely to see an increase in billing again. Oh by the way I'm a regulated partner with UW so I also show lovely people how to create a ruddy marvellous bundle of home utilities that will absolutely save you money - click here to book a free zoom appointment or click here to look at my personalised website so you know it's all very above board & will create fresh new thinking.
You might have heard about creating an emergency fund?
Or rainy day fund. Whatever, by sliding a little each month into an emergency only account you'll feel a bit better knowing that you've got this to fall back on if really needed. And if you don't need it, keep topping it up, every little helps! Quick confession, I once used my emergency fund to buy 3 "Mulberry" bags in Turkey whilst on holiday - they were sooooo good - just don't tell my mum!
Do you feel a bit tearful when it's someone's expensive birthday or Christmas is approaching really fast?
So along with an emergency pot, creating an annual "oh god it's that time of year again" pot can be so wonderful when your car service reminder comes through.
Money money money - how do you feel about it?
Does it burn a hole in your pocket, make you feel better when spending it, bring you joy, make you generous or feel guilt, anger or envy? I have felt all of the above but why such a range of emotions? It's quite complex but having emotions with money is really similar to having emotions with food or friendships & a lot of other things. Ultimately it's all about you, and how you feel about yourself that shows up in your reaction to it and all the other things in life. How differently would you feel if you had more than enough of it all of the time? That is a pretty telling answer. Feeling envious of what another person has usually means I'm disappointed by what I haven't. One thing I never think anymore is "Oh it's alright for them because" as that just makes me feel like a victim, hard done by, slightly bitter. When I know I can do something about it and also be grateful for what I have already got it's way more energising. There are some great books & courses on money mindset , one of my faves is by my friend Liz Almond called Are you worth it? You can buy it on Amazon here
Liz and I are going to do a facebook live
over in the private group in a month or so.
Do come on over & join in click the picture:
Your relationship and money
Your partner will surely have their own opinions on money, are they aligned with yours? Do you have lots of arguments about money? Is the balance all wrong with you both pulling in different directions? When falling in love with each other was this a factor then or has it changed over time? A harmonious home life is underpinned by many things but being on the same page with your finances is pretty up there. Back to point number 1 are you both working towards the same goals? If the answer is no then creating your chess board plan is going to be tough - you're effectively playing against your opponent and only one of you will get to checkmate. What is your next move on this one going to be...? Hopefully all is rosy in your house and you are on the same page. How about a nice glass of wine, a good chat and create your new goals together for a fresh chapter.
Keep it simple and in tune with your style
A big piece of A3, a notepad or a blank spreadsheet whatever works for you. If you just grimaced at the thought of doing this you're definitely not alone - which is why for the price of a good diary or a lunch date you can have one of these gorgeous ones, all set up for you so you only have to do the bare minimum yay! If you subscribe to my weekly'ish emails you'll also get 10% discount off your first purchase.
One thing I love about being organised is mid month, knowing exactly how much I've got left to spend.
A separate account sorts this out nicely so your main account just is the direct debit account, money in, money out, it does it's thang. My separate account means I can see on my app exactly what I've got to the penny with zero "I wonder if the water bill came out yet" questions. I also make my money work for me so the account I use is actually a UW cashback card (not an actual account but a preloaded mastercard) where my budget magically transfers onto it each month and I get cashback literally everywhere I spend money. Spending money earns me money - how can you not love that? Ben explains more in 63 seconds here:
So don't forget to book in with me if you fancy a nice chat about your bills - I mean it's a thrilling conversation! At least it will be if I can save you a few hundred every year which is entirely likely!
Then you can put that in your emergency / handbag savings pot
Lots of love
Ok here's the freebie I told you about!!!
Click on the link above and the gorgeous ebook will be available to download in seconds.
Enjoy & do tell me what you think?
You can see all the freebies on the freebie page