Managing money can be overwhelming. Should I save money? Should I pay off my debt? Should I be investing? It’s hard to know where to start.
When I first started looking for ways to take back control of my own money, I realised just how overwhelming the world of personal finance can be. There were hundreds of books, blogs, and videos, but as a single working mum, it felt unachievable to tackle it all on my own. I wanted something simple, something that broke it all down.
So, I set about creating a Playbook that I could work through step by step to remove the overwhelm. Focusing on one thing at a time and then moving onto the next made perfect sense! Why had nobody thought of this before?
Financielle exists to help you do just that – take back control of your money, hit your money goals, and feel more financially well, one step at a time.
We do this with a step by step plan, Financielle’s Money Playbook. For the TL;DR, here are the stages:
Survive
1. Know Your Numbers
Do your budget, list your debts, list your assets. You need to know where you’re at if you want to build a money plan.
2. Mini Emergency Fund
Build a mini emergency fund of at least one month’s expenses and put it to one side for emergencies only.
3. Ditch Debt
By ditching consumer debt you’ll be more in control, reduce your fixed expenses and genuinely feel better.
Build
4. Large Emergency Fund
Once you’ve ditched your debt, it’s time to build that emergency fund of dreams! Aim for the right figure for you, somewhere between 3-6 months is a popular choice!
5. Buy Your Castle
If you’re wanting to save for a home – the time is now!
6. Big Life Goals
Life is for living! Whether that’s upgrading your car, funding your kids’ future, renovating your home, or booking that dream trip, use sinking funds to plan for the big stuff without derailing your progress. Balance is everything. 🌟
Grow
Do these separately in order of preference or together at the same time – whatever feels right for you!
7. Invest extra in the market, either in pre or post retirement, tax efficient accounts
8. Invest in property
9. Overpay your mortgage
By following Financielle’s Money Playbook, you’ll have a clear plan for your money. With every budget, you can allocate your excess income (the money left over after covering your expenses) directly toward your financial goals.
We can’t wait to see you win with money!