Real Health with Karl Henry January Reset: How to save with financial planner Leah McMahon
11 snips
Jan 5, 2026 Leah McMahon, a financial planner at Castle Capital Limited, shares her insights on managing household finances and saving effectively. She discusses the importance of setting short-, medium-, and long-term goals, as well as the unique financial roles often seen in households. Leah emphasizes tracking expenses using apps and suggests saving about 20% of income tied to specific goals. She also highlights the significance of pensions and the financial independence gap, particularly for women, while offering practical tips for couples to discuss their finances openly.
AI Snips
Chapters
Transcript
Episode notes
Begin With Income, Then Expense First
- List your household income and all required expenses to see what remains each month.
- Use the leftover money to fund short-, medium-, and long-term goals aligned with your values.
Track Spending Using What Works
- Track spending using a method that suits you: pen and paper, notes app, or budgeting apps.
- Use apps' budget alerts to become conscious of tapping and mindless spending.
Control Grocery Spend With Online Shopping
- Do grocery shopping online or use in-store self-scanning to control and cap weekly food spend.
- See the running total and remove impulse items before checkout to lower bills.