"We can't undo the past the future is what we can influence"
A method of tracking all of your finances, such as income, outgoings, savings, debt.
The first step in taking control of your financial situation is understanding what your current position is, a Money Plan paints this picture for you.
For now, we are only interested in recording your income and outgoings on a spreadsheet, both should be recorded on a per month basis. To find out what your income and outgoings are, look back over a previous months bank statement and record the date, name and amount of each one.
Download our Free Step 1 - Money Plan below to help get you started.
TMC Tip - With all your outgoings listed on your Money Plan, now is a perfect time to review them to ensure you are on the best deal for any mortgage, membership, service you pay for, this could save you £100's!!