The first step to building wealth is figuring out your relationship with money. That’s why we’re speaking to Claer Barrett, the Consumer Editor of the Financial Times and author of the book What They Don’t Teach You About Money.
🤝 Make the most of your money with a financial adviser
Get professional support 1:1 planning your finances: https://makingmoney.email/financial-advisors-audio
📧 Subscribe to our newsletter: https://makingmoney.email/
You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes.
🎉 Sponsors
Odoo - test their Sign app for free: https://www.odoo.com/r/MM
Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney
Tide - Get up to 4.22% AER (variable) on your business savings. Use this link https://www.tide.co/offers/makingmoney or the code 'MAKINGMONEY'. You'll also get £100 if you fund your account with £5,000 in the first 30 days. Ts&Cs apply.
The more you save, the higher the rate—up to 4.22% AER (variable) on balances over £1M. New Tide members receive these rates free for 6 months, then your Tide plan’s savings rate and thresholds apply. Visit https://tide.co/savings for full terms and conditions.
Money personalities from Claer’s book - which ones describe you?
-Spendy Wendy: could be you if you know the three numbers on the back of your bank card off by heart as you do so much online shopping
-YOLO (you only live once): could be you if you have ever uttered the words ‘To the moon’ without irony
- Goblin: could be you if you get more of a kick from saving money than spending it
-Spreadsheet Slave: could be you if you have ever dreamed in Excel
-Jitterbug: could be you if you have a constant state of underlying anxiety about money
-Ostrich (stick your head in the sand): could be you if you say a silent prayer every time you tap your card to pay
Budgeting tools
-Spreadsheet, like this: https://docs.google.com/spreadsheets/d/16Fs9eccfAjEXFXhwG7gwyEOPMoap2UYIF-0yz1o3T2U/edit?gid=0#gid=0
-Budget planner, a free government tool
-You Need A Budget (YNAB), a paid for tool with all the bells and whistles: https://www.ynab.com/
--
If you purchase a product or service using one of the links above, we may receive a commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
Making Money 