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👋 Hey Money Peeps,

Write your money sh*t down!

I could end the newsletter with that one sentence this week and I would more than happy that you had learned something valuable.

But alas, for those of you who are thinking:

“Hey Gabriel, I opened this email expecting at least 2 minutes of reading and if you don’t provide that then I’m gonna uninvest all my money just to be spiteful. Also who uses the word ALAS 😅”

My reply would be:

“Jeez, fine, I’ll give you some context, but if you ever threaten me with your investing portfolio ever again…”

I’ve always been a massive fan of keeping tabs on all things money.

Monthly spending.

Net Worth.

Business expenses.

You name it, I’ve tracked it. (love me some Excel 🤓)

I firmly believe that tracking your money is 50% of the work to getting to Personal Finance level 5.

But this week I tracked something new for the first time.

I’m planning a holiday to the Philippines in March and unlike past holidays, I thought I’d jot down everything I’d spent so far.

Nothing too hard, just hotels and flights.

And turns out, the number I totalled was already £1000 more than I expected.

It wasn’t over budget, it was just more than I thought it would be.

Why am I sharing this with you?

Well, it made me realise just how easy it is for your money to escape you.

For £1000 to disappear without you having the slightest clue of where it went.

We often think £20 here and £45 there don’t make any difference to our lives.

But they really DO!

Now I’m not asking you to track your everyday spending to the penny like I do.

But if you wouldn’t mind jotting things down so you can see them visually, rather than guesstimating where you money goes…

THAT WOULD BE MUCH APPRECIATED.

P.s. Vote below👇

👀 Thing’s I’m liking this week

Thought I’d try out a new segment this week, mainly because I stumble across lots of amazing personal finance content from other creators that it would be a shame not to share!

🎥 Tax Loopholes - Up The Gains (Sammie Ellard-King)

@upthegainsmoney

5 Tax Loopholes for 2024 💷 These will not only save you money, theyll help you make money too! Did you know about these tax thresholds? ... See more

Whenever you're ready, there are ways I can help you.

1. ​Hit reply to this email: I respond to every single question I get from these newsletters, so please don’t be shy!

2. ​The Budgeting Template PRO: Most of you have probably tried the lite version, but the PRO is what I use in my day to day life. (use the code ‘letstalkmoney’ for 30% off)

^{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.}