Ready to Give Yourself a Financial Workout?
But while the gym bunnies fight over the fitness machines, why not put your finances through their paces from the comfort of your own home?
Here are some quick burst, high-intensity workouts for your wallet. Just remember, the more you put in, the more you get out.
Your five-minute workout
Let’s get the ball rolling with something easy to get you warmed up.
When you’re hitting the gym you need to set yourself an achievable goal and the same goes for sorting out your financial fitness.
Perhaps you want to save up for a deposit, or that dream holiday. Maybe you just want to have a bit more in the bank at the end of the month, or start paying into a pension.
Just remember, set yourself a realistic target and if in doubt, start small and build up.
Your ten-minute workout
Now you’ve got a goal, you need to work out how you’re going to reach it.
Start by drawing up a budget. Find out how much you have at the beginning of the month and deduct the essentials like rent, mortgage payments and bills.
Once you have this, you can identify areas savings can be made. And remember, every pound you save is another pound towards your goal.
Your 30-minute workout
Let’s kick it up a notch.
Like going to the gym, sorting out your finances requires some effort and dedication. So it’s time to stop putting it off and finally get round to switching energy provider and maybe your insurance too.
Get yourself onto a comparison site and find out how much you could be saving on your gas, electricity, car and home policies.
It really doesn’t take long and can see you gaining some extra pounds (in a good way).
Testing your fitness
Once you’ve had a few workouts, it’s time to test your fitness levels using our free online Financial Fitness Test. This test will help you uncover how well you really understand your finances and to see what kind of financial shape you’re in.
The Financial Fitness Test consists of 24 simple multiple choice questions and should take less than 10 minutes to complete. Once complete, you will receive your unique Financial Fitness grade and see how you rank in relation to your peers. You will also see some hints and tips on how you can improve your grade and really get in control of your finances.
Staying in financial shape
Once you’re in good financial shape, it’s important to stay that way. The important thing to remember is that you need to make time for your finances, assess where you are regularly and stay on top of things to really make the most of your money and stand the best chance of achieving your life goals.
If you would like to talk about any of the issues in this article or need more general help with your finances, please get in touch with us.