Like most, I’ve never been educated in the finances department. Over the years I’ve took it upon myself to try to educate myself but always seem confused and never knowing where to start. I know many of you have made the same mistake I did by coming into SW, squandering a ton of money on crap and ending up with nothing.
Despite all the years I’ve been doing SW and earning decent income, that’s where I’m at now. Nothing. No savings, living not just pay check to pay check it’s worse than that it’s all daily income. I have zero assets or investments, zero pension. My debt is moderate 5 figure range which is being paid off. I’m in the U.K.
So where do I start?
I seem to attempt to do it all at once, do I focus on one thing or put a little bit of something into each thing?
e.g. Do I put 10% into pension, 10% into emergency savings etc. Or 100% into one thing then move onto the next.
I do have expenses due to medical issues that I pay for privately which is costly. And I do have limitations of how many hours I can work due to those medical issues.
Should I change how often I’m being paid? I feel like I need a new system that’s not to overwhelming. I’d be happy to hear anyone else’s way of doing things and where is a good starting point in terms of savings/investments/pension etc
Despite all the years I’ve been doing SW and earning decent income, that’s where I’m at now. Nothing. No savings, living not just pay check to pay check it’s worse than that it’s all daily income. I have zero assets or investments, zero pension. My debt is moderate 5 figure range which is being paid off. I’m in the U.K.
So where do I start?
I seem to attempt to do it all at once, do I focus on one thing or put a little bit of something into each thing?
e.g. Do I put 10% into pension, 10% into emergency savings etc. Or 100% into one thing then move onto the next.
I do have expenses due to medical issues that I pay for privately which is costly. And I do have limitations of how many hours I can work due to those medical issues.
Should I change how often I’m being paid? I feel like I need a new system that’s not to overwhelming. I’d be happy to hear anyone else’s way of doing things and where is a good starting point in terms of savings/investments/pension etc
