Vous avez du mal à mettre de l’ordre dans vos finances. Quels outils peuvent vous aider à rester sur la bonne voie ?

We all struggle with finances at some point in our lives. As we climb the corporate ladder and earn more, it's easy to fall into the trap of overspending and losing track of our budget. Budgeting can sound boring and daunting, but With a budget planner, you can track your expenses, set financial goals and stay on top of your finances. With budget planner , you can see where your money is going, which areas you need to cut back on, and where you can save more. You can make smarter financial decisions with help of budget planner.

A budget planner is absolutely imperative if you want to take control of your finances. By keeping track of your spending, you can work out areas that aren't benefiting you anymore and cut those spends out. It also allows you to make strategic decision making as you can can prioritise essential expenses, allocate funds for savings and investments.

The best way to hold yourself accountable. A budget planner will keep you on track for a bright financial future. Ensure you tailor your budget to your financial goals and try to automate the process as much as possible.

Tracking expenses is essential for personal and business accounts. I use two templates in Notion. One where I have all my regular expenses such as utilities, broadband, insurance etc so I know when money is due out. The other is to monitor actual expenses where I add in shopping, cafes, parking etc.

Consider adopting a disciplined approach to your finances by establishing a monthly budget.Create a structured budget using Excel spreadsheets. Allocate specific amounts for various expenses such as utilities, groceries, phone bills, and other necessities. regularly review and adjust your budget as needed. This ensures it remains reflective of your financial situation and goals. By incorporating this practice into your routine, you gain a clearer understanding of your financial standing and can make informed decisions to achieve stability. it's perfectly acceptable to seek guidance from financial experts if needed. Empower yourself with knowledge by reading on finances, attending online seminars, and watching videos.

There is a famous saying that it's a lot easier to make $10k than it is to save $10k. There is value to have a savings account for emergencies, retirement, "rainy days," but the goal should be to increase your income AND decrease your spending, rather than focus on saving more money.

Use multiple accounts for multiple goals. Take advantage of the unique features of different savings accounts for different goals. A great example of this would be utilising a lifetime ISA to save for a house deposit. Then using a deposit account for an emergency fund. A lifetime ISA provides you with a 25% government bonus each year on your contributions (maximum contribution of £4,000), and can be used towards the purchase of your first property or retirement. The same tax benefit would not be available on a deposit account making it less suitable for the goal of saving for a first property. However a deposit account would always be accessible, perfect for an emergency fund.

By having your savings and spendings account seperate, you can automate how much money goes to your savings account each month. This way, you set yourself up for success if you have a savings goal.

In my experience, a savings account is crucial for financial management. However, the real challenge lies in developing the discipline and mindset to prioritize savings. It's not just about selecting the right account, but about consistently setting aside a portion of your income. Create a budget that realistically allocates expenses while treating savings as non-negotiable. This shift in mindset makes savings a cornerstone of financial security. Combined with the right tools, it improves your ability to manage finances effectively.

In my experience, while a savings account is essential for financial management, staying on track with finances requires a comprehensive approach. Alongside savings, effective budgeting tools are crucial, ranging from simple spreadsheets to sophisticated apps that link to your bank accounts and categorize expenses. These tools help track spending, identify patterns, and reveal areas to cut back. Setting and regularly reviewing financial goals is also key, whether it's saving for a purchase, reducing debt, or planning for retirement. Educating yourself about personal finance through books, workshops, or online resources is vital. It's about creating a holistic financial strategy that encompasses all aspects of financial health.

Not everybody maintains one, but having a note or an app that helps you track your debt balances and the due dates will help you plan your payment strategy accordingly. Avoid taking in new ones before paying off the old ones.

Tracking your debts allows you to understand which ones are to be prioritised. Always prioritise higher interest debts before you tackle the ones with lower rates. Ideally, you should be using your own money to generate interest, and not paying it to someone else as a result of outstanding unsecured debt.

Your debt tracker and budget tracker can be a part of the same spreadsheet. Don't over complicate things, or it will be harder to stay consistent. Create a simple spreadsheet that allows you to track daily spending to start. Track your finances for 3 months to get an understanding of your spending and then find places to cut back.

A debt tracker serves as a strategic ally in managing and reducing your debts effectively. Whether it's a list, a chart, or an app, this tool allows you to meticulously record debt balances, interest rates, minimum payments, and due dates. The essence lies in gaining a comprehensive view of your indebtedness, enabling you to prioritize debts and devise a thoughtful repayment strategy. Key tactics involve consistently paying more than the minimum, refraining from accruing new debts, and exploring opportunities to negotiate lower interest rates or fees. A debt tracker empowers you to navigate your path toward financial freedom with informed and calculated decisions.

I track debt using excel and keep it up to date regularly to ensure I'm on track with payments. There are some great free online templates for debt tracking, or you can create your own customized tracker that works for your needs.

Financial advisors can offer a level of specialized help that cannot be compared. I have come to appreciate that it is better to find an advisor that charges an hourly rate vs a percentage because, over time, it can work out to be less expensive to do an hourly rate.

You need not figure out everything and as they say, never re-invent the wheel. Take help from Financial Advisors and identify the part where you can make changes to improve your situation.

Choose a financial advisor you trust and that understands your needs. Use them as a soundboard before diving into big financial decisions. The stewardship and peace of mind a good financial advisor will provide you with will be unmatched.

Financial advisor can help, but most are focused on assisting you invest your savings. That said, many offer solid (free) advice on LinkedIn and even in person. Leverage their guidance to develop (and stick to) a plan. One approach is macro/micro. Macro: - Income: what's your main income? How predictable is it? Can you grow it? - Expenses: How much do you need to survive each month (e.g., housing, transportation, food, utilities, medical.) Micro: - Income: are there smaller income streams you can develop (a side hustle)? - Expenses: where can you make small adjustments? Start big picture then work down to the smaller items that can be tweaked. The main goal is to understand major vulnerabilities and to fix those first.

I strongly recommend a financial advisor if you do not currently work with one. Having one as part of my care team has been game changing for me. Allowing me to get more confident with how I control my spending and how I increase my savings. I would recommend the financial gym or organizations like that to get started.

Having a financial journal brings discipline to your spending habits. Couple this with a weekly/monthly review and you start getting the bigger picture of where you spend and how you are fairing against your income. The insights alone aren't going to change your situation. But if you take actions, the change will be phenomenal: - Finding your impulsive spends, identifying the underlying trigger and eliminating them e.g. limiting eating out and cooking at home or hiring a cook instead - Identifying unused subscriptions, unexpected financial charges etc and setting up automated notifications to cancel them, pay dues on time etc. - Evaluating your investment habits and automating those - Assessing income and finding avenues for growth

Getting clarity on your finances starts with awareness. Through awareness, you can understand your habits, your finances and get the bigger picture, but also the details. Getting this clarity allows you to see which spendings are unnecessary, which spendings can be reduced or where your budgets can be optimized. While it might seem scary at the beginning, you can begin small and make progress along the way.

Write down your financial goals like you would with any other aspiration you have. Create a clear idea of what success looks like when it comes to your finances. From this you can reverse engineer a path to make your goals achievable.

Having a journal hard or soft copy, to see all your expenses, savings, investments in one place helps you in understanding where you stand and what lies ahead. I call it a ‘ Happi Fund ‘ , having a 12 month - monthly expenses in the safe deposit helps in having a safe cushion. Other investments or put in different buckets according to the future needs like children’s education and retirement plans.

A financial journal serves as a self-reflective tool, capturing insights from your financial journey. Whether in diary, blog, or podcast form, it documents your financial thoughts, actions, and outcomes. The essence lies in enhancing financial awareness, understanding habits, celebrating wins, and overcoming setbacks. To leverage its benefits, maintain honesty, consistency, and a positive approach in your journaling.

Everyone's financial situation isn't the same and therefore what works for others might not work for you. For this reason you should look at surrounding yourself with professionals such as accountants and financial advisers. They will construct a plan that is tailored to your needs. A financial community can be great for motivating and holding each other accountable but I would definitely not advise seeking financial advice from a community.

You are not alone in this! Nowadays, there are many (online) communities for investing, finances or other money-related topics. Joining a community can help you on your way to keeping your finances in order and have accountability. Try to see your journey with money as a fun one, where you can learn something every day!

A financial community is a dynamic tool connecting you with like-minded individuals who share your financial interests and goals. Whether a group, forum, or network, joining such a community provides a platform for support, inspiration, information, and feedback on your financial journey. Engaging in a financial community offers opportunities to learn from others, share insights, stay motivated, and foster accountability. The key is to identify a community that aligns with your needs, embodies respect, and offers valuable assistance.

Asking for help is hard, asking for help with finances feels nearly impossible. However, know that you're not alone in this and there is a high likelihood, many of your friends are dealing with the same challenges. Be the one that leads.

Tudo começa com educação. O que me ajudou foi investir fortemente em aprendizado, leituras técnicas, livros, artigos, vídeos e podcasts muito bem selecionados. Quanto mais estudamos sobre finanças pessoais, maior será o engajamento e a capacidade de escolher as ferramentas para atingir seus objetivos financeiros.

According to a study by Fairplay, around 70% of employees have experienced financial stress, and one of the main reasons behind this is that they aren't fully confident around the world of finance. Incorporating financial well-being initiatives, such as workshops, resources, or counseling services, can play a crucial role in fostering a supportive work environment. Employers who recognize the impact of financial stress on employee well-being are better positioned to create a workplace culture that values not just professional success but also the overall welfare of their workforce.

The first step is to bring awareness to your spending. I call this "Mindful Spending." For the first 2-3 months, don't put pressure on yourself to decrease spending, just simply bring awareness to what you're spending things on by tracking your expenses daily. What you'll come to find out, is the problem isn't as bad as you think, which makes it a lot easier to make budgeting decisions from that space, rather than from the panicky space you're in now.

Una simple pregunta te ayudará a desacelerar y tomar mejores decisiones: ¿Es esto una inversión o simplemente un gasto? Una inversión te dará algún tipo de retorno (no necesariamente monetario). Puede ser algo que aportará a tu salud, a tu rendimiento o a tu paz mental. Un gasto será algo que no necesitas. Sin embargo, no quiere decir que no lo debas comprar. Si lo decides comprar será de forma consciente y no de manera impulsiva.

There are so many 'quick wins' out there. However, in reality if you live below your means whilst saving for the future each month you can't really go wrong.