Want to know what ingredients you need to rise to a financially secure future? This new podcast could be perfect listening for you.
Emma, Julie and Becky, all from Face to Face Finance, an independent financial advice firm in Norwich, came up with the idea whilst doing some lockdown baking. They realised that when it comes to it, there are many ways financial matters can be explained using food and baking analogies.
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Your Recipe for Financial Success is sprinkled with the ‘whats’, combined with the ‘hows’ and dusted with the ‘whys’ of personal finance. In each episode, financial consultant Emma Knights share with you what you need in your mixing bowl to finesse your finances.
With a combined industry experience of more than 20 years, Your Recipe for Financial Success aims to provide hints and tips on all things finance in a digestible, jargon-free fashion.Â
In the first episode, which was released on 30th July, Emma, Julie and Becky talk about their top budgeting tips. Below is a taster of what you can expect.
Top budgeting tips
1) Put money into your savings account on the day you are paid, or just after
Putting money aside at the beginning of the month means you can’t accidentally spend the money you were supposed to save!
2) Look back over your bank statements to see exactly where your money goes
What do all your transactions relate to and did you really need to make them all?
3) Check your direct debits
If you have money going out monthly but you don’t know what it’s for, or if you are paying a subscription for something you no longer use, cancel them!
4) Set up a separate account for your bills
This is especially handy if you are living with your partner. You can both put money in for bills, rent and food whilst keeping your own money for personal bills and spending separate. Pay into your joint account when you get paid so you know the monthly outgoings are covered.
5) Check to see if your bank account has a ‘save the change’ feature
Some accounts will allow you to round up your transactions to the nearest whole pound by saving the extra pennies.
Tickled your financial taste buds? You can find Your Recipe for Success on all of your usual podcast platforms. You can also tune in to the latest episodes at: www.recipeforfinancialsuccess.co.uk
