Mindful Money
Feb 4, 20202 min read

The Basics of Personal Finance.

Carl Hazeley portrait

by Carl Hazeley

Budgets, taxes, mortgages – managing your money can all get a bit much sometimes. But it doesn’t have to be that way.

With just a bit of preparation and know-how, you can get your finances in order and make it to Happy Hour in time. Because with money comes freedom: the opportunity to live, travel, shop, and work on your terms. That’s why, in this eight part series of blogs, you’ll get the lowdown on everything from credit scores to compounding, and renting to retirement. We’ll demystify the world of money, and give you the tools you need to get on top of your personal finances.

Spoilers: everything comes down to one fundamental principle. You just need to make sure your long-term income outweighs your long-term spending. After all, the biggest advantage any of us have is time. Time compounds your money: in other words, your money’s returns generate their own returns (more on that later). And over time, your job, salary, and financial wellbeing tend to improve too. Making the most of time, in short, can supercharge your finances.

Of course, the best way to make sure things work out in the long term is to make sure they’re working out now. So we’ll also talk about budgeting – making sure your income covers your spending – and how to get your finances and credit score in shipshape. Plus, you’ll find out how to save money by reducing your rent bill.

That’ll bring you to the biggest opportunity of all: investing. If you’re saving more than you’re spending, you can invest the rest in stocks, gold, bafflingly expensive sneakers – whatever you’re into. And though that might sound complicated, it’s actually incredibly easy to do these days, not to mention the best chance you have of making sure your money grows over time. Get it right and you can retire in peace – in your 30s if you’re one of the really lucky ones.

So whether you’ve got a particular financial aspiration – a round-the-world vacation, maybe? – or just want to feel a little more comfortable about money, these guides should help you get there. Let’s make your money work for you.