Issue #015: Stop with your sh*tty NY resolutions

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👋 Hey Money Peeps,

So today I’m not exactly going to talk about money. Instead I’m gonna be talking about YOU GUYS (& gals), and how this little community has almost DOUBLED since I wrote my last newsletter, like &^*^ &^^&. (that’s me swearing for those of you confused).

Normally I send out these newsletters on a Tuesday or Wednesday (ya know, can’t be that consistent all the time 😂), so why is today’s issue landing in your inbox on a Thursday?

Well since my last send out, the number of people who have voluntarily given me their email in order for me to teach them something about money has gone from close to 1000 to ALMOST 2000. And because of that, I got scared to write anything this week. That’s right, I’m more than happy posting to over 1 million people on TikTok, but when it comes to a couple thousand on email, I get imposter syndrome!

So before I even mention the word money (👈 saying it there doesn’t count), I just want to say a massive thank you to this little/rapidly growing family. I appreciate you reading these little newsletters I send out each week more than you will ever know and I will strive to keep providing you with as much financial literacy value as I possibly can.

🤿 Shall we dive in?

📈1% Better Every Day

New Year’s Resolutions are BS

That’s right, I said it and I ain’t taking it back. Feel free to hit reply to send me an angry email about how you’re the anomoly, but for the most of you reading this, I know by the end of Jan you’re gonna give up on that resolution you started less than a week. I’m not trying to be mean, that’s just what the stats say.

Now I’m not just here to slate you, instead let me propose some slightly different new years resolutions - money based ones of course - that you won’t be able to give up on! Why? because they’re so quick and easy to implement it’s almost more difficult to not do them

Total Time to complete: 44 minutes

1. Move your savings to a HIGH interest account (10 mins) 📈

   I genuinely don’t care which one, just make sure its got more than 4.5% and I’m happy. For example I’m currently using Chip’s Saving account which gets me 4.84% even though there are accounts that can earn you over 5% (You can use the referral code CHIP-WRZ928 if you want us both to get a cheeky reward). Just pick one that suits your needs and stop getting the 0.1% your bank account is currently giving you!

   P.s. just type in ‘best saving accounts UK’ to google 😊

2. Download a budgeting app (5 mins) 📲

   Again, don’t care which one, just get one and link your accounts to it to give yourself a super easy way of knowing what your spending. It’s one of the quickest ways to realise under what category you are leaking money. Again I personally use Snoop (that’s a referral link - don’t judge, got to be making money somehow) but here’s a list of a bunch of other you can try!

3. Cut off (at least) one subscription (2 mins) ❌

   Haven’t watched Netflix in 2 months? drop it. For some reason you pay for Spotify and Apple music? drop one. Haven’t been to that gym you signed up to in 6 months? keep it… nah just kidding, get rid of it! Subscriptions are an easy way for small amounts of money to be consistently leaving your bank accounts without you noticing. Well it’s time to notice!

4. Request a credit limit increase (10 mins) 💳

   This one is for my responsible credit card users out there, so if that ain’t you - head to number 5. Wait what does responsible mean? you pay off your bill in full every month. Okay, so what I want you to do is call up your provider and if you haven’t had a credit limit increase in the past 6 months, simple ask for one. If they say how much, come up with a sensible number based on your current limit. E.g. current limit is £3000, ask for £5000. NO this is NOT so that you can spend more money. It’s so you’re borrowing a smaller % of what’s available to you on your credit card making your credit score head north!

5. Start a budget (15 mins) ✍️

   Level 1: Take out a piece of paper. Write down all your incomings. Write down all your FIXED outgoings. With the remainder, check what you normally spend money on and come up with a sensible number for each category that allows you to save as much as possible each month.

   Level 2: integrate it into an app or an excel document, track it each month and adjust for the next. The goal is to be saving as much as possible here guys!

   BONUS: Just cos I’m feeling festive, I’m gonna offer you my budgeting spreadsheet for just £3. That is over 90% less than what it retails for! Check it out here and use the code ’newyearnewme’ at checkout :)

6. Get a Book (2 mins) 📖

   A money book…please! Just something that you will commit to reading this year. It only took 1 book to transform my financial life, and I have heard countless stories of people have the same experience as me. So if there’s one that you’ve always wanted to read, this is your sign to just get it. Remember you’re investing in yourself. And if you don’t know any to get, just hit reply and I’ll send you my top 5 :)

🥊 ACTION

Block out 44 minutes to complete all of the above over the next week. Or 2 sets of 22 minutes, maybe ever 4 sets of 11 minutes. Doesn’t matter just get them done!

👋 Outro

See You Next Week

Thanks again for reading another issue. I really want to make these as good as possible for you, so as always:

PLEASE HIT "REPLY" TO THIS EMAIL WITH ANY QUESTIONS OR TOPICS YOU WOULD LIKE ME TO COVER - I WILL DO MY BEST!

Till next time!

DISCLAIMER: None of the above is financial advice. This newsletter is strictly education and should not be taken as investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and always do your own research.