What Are The Best Financial Decisions A Young Person Can Make?

November 13th, 2025 Posted in learning about money, Money Tips
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Youth is about being free and learning what you like in life. While it’s true not everyone can live long without responsibility, some have others to care for or lifestyle requirements to meet, you should still have room to consider your path forward and ask yourself what’s best for you. This is your right as someone starting out in life, but don’t worry, there isn’t a perfect deadline by which to come to such conclusions.

However, it’s true that once we venture out on our own and intend to make our finances work for our own needs, some important principles come to light. For example, youth might be fun and free, but racking up debt to enjoy our daily life is only going to be a problem that bites us later on down the line.

As such, you may be wondering what financial decisions a young person can best make, despite their circumstances or help from others in their family or friendship group. In this post, we intend to offer a few simple principles to answer that question:

Photo by Artem Podrez:

Saving For Emergencies

People often say “you never know when life is going to throw something at you” but the truth is, it invariably will one day, so having money set aside for emergencies is one of the best areas of breathing room you can give yourself as a young person. It’s fine if you start in a tiny savings post, and build it up over time until you’ve got enough to cover three to six months of your basic living costs. This gives you breathing room if something goes wrong like losing your job or your car breaking down or needing to move out of a bad living situation quickly.

Try setting up an automatic transfer each month so a bit of money goes into savings before you have a chance to spend it on anything else. Some round-up savings utilities can be a massive help too.

Baseline Credit Building

Your credit score matters more than you probably realize when you’re young, because you’re not usually asking for huge loans or mortgages at this age. However, building it up early makes life so much easier when it does come into play, such as when you want to rent a nicer flat or look at property for sale or apply for a decent car loan. 

Start small with something like a credit card that you use for groceries or petrol and then pay off in full every single month without fail, which shows lenders you can borrow responsibly and manage your money well. Just avoid the temptation to take out big loans or rely on pay later apps, it can affect you more easily than you’d assume.

Exploring Living Locations

If you’re unbound by people you’re responsible for, it’s worth living in a few different places if you can manage it, because you learn so much about what kind of environment makes you happy and what you need from a community. 

Perhaps you think you want to live in a big city but then you try it and realize you hate the noise and the crowds, or maybe you grow up in a small town and discover you love it there and don’t need to move somewhere trendier to feel fulfilled. The opposite could be true. At the very least, now, when you can afford to live modestly, it’s the best time to explore yourself a little. Consider this a financial investment in yourself, because ironically, it can help you make better decisions later when you do make hard decisions about money.

With this advice, we hope you can feel more confident managing money as a youth.

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Are You Ready for Anything?

November 7th, 2025 Posted in Money Tips
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Life has a way of surprising us, and sometimes it’s not in a great way. From sudden job changes to medical emergencies or unexpected expenses, financial stability can be tested when you least expect it. 

Being ready for anything doesn’t mean predicting the future, but it does mean building a strong financial foundation that can handle whatever comes your way.

A big part of that preparation includes understanding tools like who needs life insurance? But readiness goes far beyond one type of coverage. It’s about creating a balanced plan that protects your money, your goals and your Peace of Mind.

  1. Build a safety net. The first step toward financial readiness is having an emergency fund. This acts as a cushion for life surprises, a car repair, a medical bill, or a temporary loss of income. Ideally, you should be able to save at least three to six months worth of living expenses in a separate, easily accessible account. The goal isn’t about earning high interest, but about having money available when you really need it. Having that safety net prevents you from relying on credit cards or loans during tougher times.
  2. Learn how to protect your income. Your income is your most important asset because it pays for your home, your food and everything in between. Protecting it through insurance and smart planning is essential. Health insurance, disability coverage, and life insurance all play a role in safeguarding your income and your family’s financial security. Even if you’re single or you’re young, income protection ensures that unexpected events don’t wipe out years of hard work.
  3. Manage your debt wisely. A useful financial tool when handled responsibly, debt can also become a burden when it’s not. If you want to truly be prepared for anything, keep your debt under control. Focus on paying down any high interest balances first, like credit cards, while making regular payments on other loans. Avoid taking on anything new unless it directly supports your goals, such as education, business growth, or buying a home. The less you owe, the more flexibility you have when life changes unexpectedly.
  4. Invest for the future. Preparation isn’t just about protection, but about growth. Investments help your money work for you, creating opportunities to reach long term goals like retirement or buying property. Start with simple investment options such as index funds or retirement accounts, and build your portfolio over time. The key is to be consistent. Even small, regular contributions can grow significantly thanks to compound interest. Investing wisely today gives you freedom and security tomorrow.
  5. Plan for the what ifs. Financial readiness means thinking ahead. What if you couldn’t work for several months? What if a loved one depended on your income? What if the economy had a crash? Asking these questions helps you to identify any potential risks and plan for them now instead of scrambling later.

To be ready for anything isn’t about being afraid, it’s about feeling confident in yourself. When your finances are in order, you can handle life surprises with less stress and more control. Start with smaller steps. Save consistently, Protect your income, reduce your debt. The more prepared you are today, the stronger and more secure your future will be.

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Spending Awareness: Turning Confusion into Calm

November 2nd, 2025 Posted in Money Tips, Wellbeing
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Recently I wrote about that all-too-familiar feeling — “I just don’t know where all the money goes.” It’s something I hear often, and it usually marks the starting point of real financial change. When we begin to look closely, the numbers often tell only part of the story. Beneath them are patterns, emotions, and habits quietly shaping how we use our money.

Spending Awareness: Turning Confusion into Calm

Photo by Mizuno K:

I remember working with a client who noticed that most of their unplanned spending happened on Friday evenings. It wasn’t about impulse or lack of discipline — it was about relief. After a demanding week, that takeaway or online order became a way to unwind and feel in control again, even if only for a moment. Once they recognised this, the goal wasn’t to stop spending altogether, but to understand what the spending was trying to soothe.

That small shift — from guilt to awareness — changes everything. It moves us from autopilot to choice. When we see the emotion underneath the action, we gain the power to respond differently. Instead of “I should be better with money,” it becomes “I see what’s happening here, and I can make a conscious choice.”

This is what I call building calm through clarity. Because real control doesn’t come from restriction; it comes from understanding. Many people assume financial control means cutting back, budgeting harder, or living with less. But clarity is what truly creates freedom — not having more rules, but having more awareness.

Another client once told me, “I finally know what’s coming in and going out each month — and I feel lighter.” Nothing major had changed in her circumstances. Her income and bills were the same. What changed was her energy. She had created a small, consistent rhythm that brought peace:

  • A quick weekly money check-in
  • Bills automated so she didn’t have to think about them
  • A small ‘joy budget’ to spend freely, without guilt

That’s all it took to replace chaos with calm.

If you’re on this journey yourself, start small. Don’t aim for perfection or total control. Pick one area of your money to get curious about. Maybe it’s those Friday evening takeaways, the online orders that “don’t count,” or simply where your salary disappears each month. Look with compassion, not criticism. Awareness always comes before action.

As you do, notice how it feels to simply know. To see clearly. Because often, clarity is the calm we were chasing all along.

So here’s something to reflect on this over your favourite beverage of choice:

When you look at your recent spending, what’s really happening underneath?
Is it about the purchase itself — or the feeling it gives you?

That single question might be the most powerful financial tool you ever use.

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It Won’t Happen to Me” — The Most Expensive Financial Myth We Still Believe

October 30th, 2025 Posted in Money Tips
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We all like to think we’re rational about money. To be fair, for the most part we are. We budget, save, and plan for big-ticket outlays. Yet most of us, through complacency or reluctance to think about it, overlook the question of what would happen with our finances if we suddenly couldn’t make decisions for ourselves. For sure, it’s not a pleasant thought, which is exactly why so many of us push it aside. But the only way to leave the thought aside completely is to really address it.

It Won’t Happen to Me” — The Most Expensive Financial Myth We Still Believe - couple sat on a bench

Image by jotoya from Pixabay

Why optimism bias costs more than we realise

Psychologists have coined the term “optimism bias” to describe the natural belief that bad things happen to other people. It’s a comforting way of distancing ourselves from having to imagine the worst, but it can be costly. Serious illness, unexpected incapacity, or even a temporary hospital stay can leave our loved ones scrambling to deal with bills, make essential choices or sometimes even pay for groceries. Even a partner or spouse can find themselves locked out of financial accounts and unable to manage practical affairs.

We tend to think of financial preparedness purely in numbers: income, savings, outgoings, insurance. But for true security, there needs to be a way for someone to act on your behalf when you can’t. This is the kind of forethought that can protect not only your assets, but also your family’s stability and peace of mind.

The conversation we avoid – and why we shouldn’t

Talking about incapacity feels awkward, even a little taboo because these are conversations nobody really likes to have. It may help if we frame it as a conversation about care rather than control. Deciding who would handle situations in an emergency isn’t pessimism; it’s a kind of protection, a gesture of compassion. It spares your partner or family the stress of legal delays and uncertainty at a time when they will need stability more than anything.

It is worth viewing these conversations as part of normal financial housekeeping, like updating an insurance policy or moving a bank account. This doesn’t have to be an emotionally wrought moment, it’s simply a way of making finances more resilient.

Foresight begets action

Creating a lasting power of attorney (LPA) is a practical step that makes this preparation real. It’s a recognised way to ensure that if you are ever unable to manage your affairs, the person you trust most to do so can do it confidently and lawfully. Setting one up, ideally with the help of a power of attorney solicitor, is simpler than most people expect. And good guidance can really help set everyone’s mind at rest.

In the end, perhaps real optimism isn’t thinking “it won’t happen to me”. There’s no way you can be sure of that, after all. It’s believing that whatever happens, your family or partner will be secure because you took steps to prepare. True financial confidence isn’t about avoiding life’s uncertainties big and small; it’s about meeting them with foresight, care, and realism.

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How to Move Forward After Financial or Personal Challenges

October 28th, 2025 Posted in Money Tips, Wellbeing
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Life doesn’t always go to plan, and the fact is that sometimes things change suddenly, and you’re left trying to work out what happens next. Whether it’s money worries, an accident, or a personal setback, it can be hard to know where to even start, but moving forward doesn’t need to be a big thing or something that turns your life upside down – it actually usually begins with a few realistic steps. With that in mind, keep reading to find out more because it might help you more than you realise.

How to Move Forward After Financial or Personal Challenges - raised hands image

Photo by Luis Dalvan:

Be Honest About What’s Happened 

When something difficult happens, it’s natural to want to keep going and push through, but pretending nothing’s changed can make it harder in the long run, and much more difficult to deal with overall. That’s why taking a moment to be honest about where you are, even just with yourself, can make the situation feel a little clearer.

This isn’t about overanalysing or reliving every detail unless that’s going to help you, and it’s just about recognising what’s in front of you so you can start to make practical decisions.

Get The Basics Back In Order 

A big setback often shakes up daily life in ways that don’t always show right away, so it makes sense that rebuilding a bit of structure can help. That might mean sorting through bills, setting a simple budget, or getting advice on any legal or financial issues, for example. 

These steps don’t have to fix everything at once (and they probably won’t), but they give you a base to work from, which makes the next steps easier to face.

Rely On People Who Can Help

You don’t have to handle everything on your own, and the truth is that talking things through with people you trust, whether that’s friends, family, support services, or professionals, can make things feel less difficult and stressful.

For example, if your situation involves an accident or injury, getting support from a personal injury lawyer can take some of the stress off your shoulders because they can guide you through the practical steps you might not know how to tackle on your own, which can make a big difference.

Take Small, Manageable Steps 

When everything feels overwhelming, big goals can make things worse, and that’s why smaller, practical steps are easier to stick to and help you see progress sooner. That might mean sorting out one problem at a time or setting just one goal for each week, and so on.

Don’t Rush The Process 

Recovering from any kind of setback takes time, and everyone’s timeline is different – some days will feel better than others, and that’s normal, but what matters is that you keep going, even if it’s at a slower pace than you’d like. The truth is that small wins really do add up.

Final Thoughts 

Moving forward after a difficult time is basically about being realistic, taking things step by step, and asking for help when you need it. Even the smallest steps can help you start to feel more in control again, and from there, things slowly begin to take shape.

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