Today we’re going to be starting our journey proper through the UKPF Flowchart and talking about the foundation of it all – Budgeting
As with every episode of this season, there will be links to the Flowchart itself, which I think is a brilliantly distilled guide to the main things you need to think of at different stages. Our goal with this season is to work through it and provide more detail where it will help.
Season 25 – Finance OS
- Introduction
- Budgeting
Everything You Need To KNOW- Spending less than you earn underpins EVERYTHING!
- A budget is forward looking
- Get this right and everything else is easy
Everything You Need To DO
- Create a budget
- Check eligibility for state support
- Q – Do you rely on credit cards or loans for essentials?
Yes? Prioritise important bills and get help
No? Insure essentials - Make minimum payments on all debts
- Build an emergency fund
- Review the budget and repeat, EVERY MONTH!
- Emergency fund
- Pension enrolment
- Paying off expensive debts
- Completing the foundation of insurance
- Goals – Part 1
- Goals – Part 2
- Approaching retirement
- At retirement
- Retirement early years – The danger zone
- Retirement reviews
- Later life
- Question and answer session
At the end of the season we’d like to tie things off with a Q&A session, answering the key questions that you ask throughout. hello@meaningfulmoney.tv SUBJECT LINE: Season 25 Question or similar. We’ll sort them and try to answer as many as we can, but likely we’ll pull out themes and deal with them. If the outline we’ve gone over today raises any questions, get them in now – we can also answer them as we go along. If we get tons of Qs we can always do two Q&A sessions.
