Financial Confidence

I was in an overdraft for more than 4 years.

Terrified to open my mobile banking app.

Living month to month.

No end in sight.

But then, I took full control.

I stopped living paycheque to paycheque.

Instead, I budgeted my income.

Yes, it's painful.
Yes, you'll probably be shocked.
YES, it means using a spreadsheet.

BUT, it's totally worth it.

Here’s how you can do it:

⒈ Understand your total income p/m

➢ Basic
➢ Bonuses
➢ Commission
➢ Extra's (side hustle/rental)

⒉ Itemise EVERYTHING you spend

➢ Put time aside
➢ Open mobile banking
➢ List everything you spend
↳ (item + £/$ amount)

⒊ Categorise spending

I break it down into:

➢ Business
➢ Living costs
➢ Household bills
➢ Family & friends
➢ Leisure & training
➢ Insurance, loans & banking

⒋ Get your result + analyse

➢ Income against total spending
➢ What do you notice about it?
➢ Responsible? Or not???

⒌ Cut back on the BS

➢ Now you're financially self-aware
➢ Cutback on the stuff you don't need
➢ Plan a budget ahead of the following month

(Be BRUTAL if you want to stop living month to month)

I buried my head in the sands for years on finances.

Consciously analysing this stuff changed that.

This approach will lead to:

1. Less stress
2. More freedom
3. Confidence in your path

PS. Want a copy of my sheet?
Respond to this email with “I’M IN” I'll send it to you.
(it gets easier the more you do it)

Till next Tuesday,

Dan