Get your finances off to a flying start ??

Planning your finances the SmartPurse way

Now that we’re well and truly into January, here at?SmartPurse HQ, we’re planning our finances for?2023, and we want you to join us.?

We’re here to help you gain?financial independence, and we’d love you to start the year on a positive note. No matter what your money looks like now, you can plan for a better future, starting with a few tips from us -?watch the video?and?click here for your free checklist?to help you get started!

Top tips for a fail-proof financial plan

• Take some time to consider what financial independence means to you. Is it a pot of money that is just for you? Is it stepping into the world of investment? Whatever your motivation, write down what you want and whether there is anything holding you back. This will give you a good foundation to start a successful year.
• At this point, it’s a good idea to dive into your?financial lifecycle. This is a breakdown of the financial resources you will need during the different stages of your life. Don’t worry about it being too detailed at the moment; estimates of how much you will need for every life stage will do for now. It’s more important that you?start with a rough outline, than wind yourself up into unnecessary detail.?To find out more, watch our?video.
• Pinpoint the life stages that will impact your finances the most. Are you funding your own or someone else’s education? Do you plan to buy a house this year? Are you on a career break or returning from one? Are you nearing retirement or already retired? These circumstances will dictate how much you earn, spend and save.
• Talk to the significant people in your life about money. If there is anything that we avoid, like the plague – yet are told to do most often by financial advisors – it is being honest with others about our finances. No matter what state you think you’re in, sharing and asking for help is a great way to get yourself on track for the coming year.
• Gather your evidence. Write down all your bank accounts and their contents, make a list of debts and outgoings, and take a look at your pension pot. Having these at your fingertips will help you plan your year more accurately, as you’ll know how hard your money can work.

Preparing for events, big and small

Now that you have all your?financial details, you can deal with any event, whether planned or unplanned.

Although a small amount of?savings?can go some way towards helping you prepare for life’s changes, emergencies can be a different thing altogether and may?wipe out much (or all) of your savings pot in one fell swoop.

But there are ways to protect yourself.?Regular payments and investments?into a pot for emergencies and sound insurance policies will go a long way to guard against significant changes in your circumstances.

Building a financial safety net?can help to alleviate the worry of going into debt if your life takes an unexpected turn. Our advice? Don’t put it off another day!?

Even a tiny amount, diligently saved every month,?will build throughout the year. If you set up an automatic direct debit, after a while, you won’t miss that cash.

Revitalise your finances in only four weeks

Your year couldn’t?get off to a better start than with?financially savvy content?and our brand-new live webinar course will help you to take charge of your finances in just four?75-minute sessions.

Guided by internationally renowned financial expert?Olga Miler?and financial writer and creator?Ellie Austin-Williams, each session will dive deeply into a specific topic.?

You’ll also receive daily?practical “nudges”?– tips and tasks that you can practice daily or round up before the next week’s webinar.

• During the four weeks, you’ll sort out your budget and reduce wasted cash, develop a personal financial plan that works for you, and examine your pension to start closing the gaps.?
• You’ll begin to feel confident with your new money mindset, enabling you to make better?decisions in the future.
• You will have access to our unique hands-on tools: hacks, calculators, and checklists so that you can start immediately.
• You will be able to ask questions and exchange information with others.

Sign up now!

The figure of the Week

27% of people in the UK have no emergency fund        

An ING International survey found that many people had no money left over at the end of the month to start an emergency fund. It also found that although some surveyed did have money left over, they weren’t saving.

Life can change overnight, whether we like it or?not, and an emergency fund can help to take the heat out of unexpected situations.

Money School is free for the rest of the month!

FREE for the rest of the month, SmartPurse Money School is money education at your fingertips. You’ll learn all there is to know about taking your finances to a new level and enjoy focusing on what’s important to you.

To take advantage of this exclusive offer, use code?SMARTMONEY23?at the checkout and start taking control of your finances today!?

*To learn within the app, register on the web first and then log in through the app.

Sign up here!

Meet the expert – Amanda Redman

Our expert is the owner of Amanda Redman Financial Planning, and the author of the book?Dare to be Fair.?

Amanda?helps clients to live their best possible financial life. She does this by helping you draw up a?clear financial plan?that includes your future in?investing,?saving?and?pension planning.

Join our community!

Are you planning for your future now? Do you have any tips you want to share in a like-minded community and learn from others along the way?

Join our Facebook group and meet people like you who are putting plans in place to gain financial freedom.?Click on this?link, and we’ll see you there!

SmartPurse in the news

It’s a new year – time to give you money goals a new lease of life!        

As seen in?Evening Standard,?smooth your money wrinkles?with the help of SmartPurse. Whether you take up access to our?Money School, sign up for?Moneyssentials?or another of our short courses or simply use our tips and ideas from this?newsletter, we’re here to support you in finding?financial freedom.

The Money School App is coming on Android

Last summer, we released our Money School on an app for iPhones and now, the Android version is almost ready for release.?So if you want to access the Money School on the go and have our unique?toolbox in your pocket, click the link below to join the waiting list and be the first to know when the app is available. Get on the waiting list!

Money Inspiration?@smart.purse?

We love hearing from you. Send us your comments and feedback to:?

[email protected]

Always remember to consult an independent financial advisor for personalised investment advice.

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