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Get started with financial planning
Financial planning is the process of setting out your financial goals and taking action to help you achieve them.
The sooner you start, the better. Even putting a small amount of money away now can make a huge difference later on.
Setting money aside can be challenging, especially if you’re just getting started in your career. But just imagine being able to relax and focus on things beyond money. From holidays to retirement, things could feel better when you have a plan in place.
The benefits of financial planning
Five steps to financial planning success
Frequently asked questions
The following frequently asked questions may help you as you start to plan your financial future.
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It’s easier to stay on top of your finances when you know where your money’s going. Make a budget that you can stick to each month. It’s all about being in control. Our budget calculator may help you to do this.
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Set up a monthly payment into your savings account by direct debit. Do this so the money comes out just after payday. It’s a great way to add to your savings, without feeling the pinch.
We have some savings tips and guidance that may help you.
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You may never need it, but an emergency fund is really important. Having a little extra saved up can give you some peace of mind in case you have an unexpected expense.
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Investments come in all shapes and sizes. They could go up in value, but they can also come down. Only put in what you can afford to set aside.
If the markets take a dip, you may need to leave your investment in place for longer, and wait until the financial markets improve. Look at our understanding investing page to see how it works. It may help you to decide what would suit you.
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When is the right time to start saving?
Your Credit Score is important. It can affect anything from your mortgage to your mobile phone contract. Understanding your Credit Score can help you to manage your finances more effectively. We can help you to understand how Credit Scores work and you can check your Credit Score for free.
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When is the right time to start saving?
The sooner you start saving, the sooner you can start moving towards your financial goals. A little here, a little there – it all adds up over time. Look at the saving options and select one that is right for you.
Financial planning myths, busted.
There are lots of myths about financial planning. We’ve created a list of the common misconceptions to help. By being more informed, you can feel confident in making the right decisions for you.
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