Money__Tips

Practical tips to help you manage your money responsibly - I am not a financial advisor

[Money__Tips @Money__Tips]

5 steps to reaching your financial goals

1. Write out your income and expenditure
2. Make decisions about what you can cut back on
3. Re-negotiate your bills
4. Plan how much to save (or pay towards debt)
5. Automate

(Thread)

#financialfreedom

[Money__Tips @Money__Tips]

Why is it that when inflation was higher than wage growth, it was all over the news. But for a year now wages growth has been beating inflation quite well and we never hear about it?

[Money__Tips @Money__Tips]

Brilliant

[Fesshole🧻 @fesshole]

His fess but mate's boyfriend proposed two days after Valentine's day so that every year he could get her discounted flowers and chocolates on the anniversary instead of the holiday.

[Money__Tips @Money__Tips]

First time visiting America. I know there is a big tipping culture but to be asked to tip at self serve is wild

[Money__Tips @Money__Tips]

@HarrisonDec5 @LewisHowes Thank you

[Money__Tips @Money__Tips]

One of my favourite days of the year. It’s not exactly big money, but I like the growth in the last couple of years

[Money__Tips @Money__Tips]

@RamseySolutions I had to use my emergency fund for a £2k car repair earlier year. It was certainly an inconvenience. However, a few years ago I would have been panicking and not known what to do

[Money__Tips @Money__Tips]

@BeeMoneySavvy I get that. But depending on your workplace pension you may be able to start drawing down in your 50s

[Money__Tips @Money__Tips]

But just because the rest of the UK is determined to go broke, it doesn’t mean you have to be. You can take control of your own finances.

- Get in a written budget
- Write down your financial targets (and I mean write in paper)
- Track your progress periodically

[Money__Tips @Money__Tips]

Don’t be like everyone else in the UK. Be different. Be weird!

We complain about how expensive some things have gotten however, some parts of it is our own doing. We know big corporations will be greedy and charge as much as possible but we’re letting it happen by accepting it.

[Money__Tips @Money__Tips]

savings on their current expenses to help clear their debts and build savings. But I think the probably is our culture. Overconsumption, lack of patience or will and no education around managing finances has created this.

[Money__Tips @Money__Tips]

The average American household spend $1,100 a year in gambling. Meanwhile, 53% of Americans can not come up with $1000 in the event of an emergency.

Don’t gamble until you have 3-6 months of expenses in an emergency fund

[Money__Tips @Money__Tips]

@BeeMoneySavvy Any indication of why there is a spike at 40-44?

[Money__Tips @Money__Tips]

@UltraRunner26