Issue #050: How to LEVEL UP in 2025

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2025 is here, so it’s time to start our New Year’s resolutions.

Now, while I can’t make you join a gym class, or FINALLY start that new hobby… I CAN give you some practical tips to get your finances in check for this year.

Let’s get started! 👇

1️⃣AUDIT YOUR FINANCES:
This involves printing off the last 3 months of anywhere you might have spent money and going through it (it sounds boring, TRUST ME I know, but it’s worth it!)

(you also can download and app and be a modern human being, but pen and paper works!)

I bet you’ll find unused subscriptions to cancel… or maybe realise you spend a tad too much on Deliveroo orders.

2️⃣ORGANISE YOUR ACCOUNTS:
Ensure you have these 5 essential accounts set up:

1. Current account
2. Emergency fund
3. Short term savings
4. Long term savings
5. Pension account

If you’d like a further breakdown of how much you should aim to have in these accounts and what they’re used for - see here.

3️⃣LEARN THESE WORDS:

This means that everytime your income goes up, your outgoings should not increase by an equal amount.

For example, a payrise of £1000 per month doesn’t mean you should now rent a nicer flat that costs £1000 more than you currently pay.

This is crucial.

Aim for a £100-£200 increase in living (or ideally no increase at all) and save the rest.

Growing the gap between how much comes in and how much goes out is the ultimate finance hack.

So there we go friends, practical actions to take your financial organisation to the next level!

Ah before you go though, I have one more thing

2025 is your year to open that Stocks and Shares ISA!

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In fact, I rate them so highly, that I reached out to them asking if I could gift my newsletter audience something special when they sign up!

AND THEY SAID YES

So…

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^{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.}