Yes! Everyone can help themselves with money by creating and sticking to a budget.
Regarding your finances, it’s important to be proactive and take control. One way to do this is by creating a budget. A budget will help you understand where your money is going each month, so you can identify areas where you can save.
Take some time to sit down and map out your income and expenses. Be realistic in what you include – don’t forget things like groceries, transportation, and utilities.
Once you have a good sense of your regular costs, try to find ways to reduce them. There might be small changes that you can make, like brown-bagging your lunch instead of buying it every day.
Once you have your budget created, the next step is to stick to it. This can be difficult, especially if you are used to spending without thinking about it. But if you commit to tracking your spending and sticking to your budget, you will be on your way to better financial health.
Read on to hear 3 ways you can get help with money.
1. Do it yourself
The first person that can help you immediately is yourself.
Figure out what is going on with your money
Where is it all going? Not where you think it is going but where it is actually going.
A straightforward but effective way to track your money is using the Japanese Kakeibo method.
The Kakeibo budgeting method is about tracking what comes in and goes out.
The vital part here is that you take control of your finances by making conscious decisions over where you want your money to go—then seeing if you can do better next month.
The Kakeibo method has four main pillars
- How much money do you have?
- How much would you like to save?
- How much do you spend?
- How can you make things better?
Kakeibo budgeting separates your money into four distinct categories
- Expenses on living
- Culture and education
You can decide the ratio between categories but must keep within your income or money.
You track this process with a couple of notebooks
- To track your income and plan your spending needs and wants.
- The other to track day to day expenses. And it means every penny spent.
Everything about earning and spending your money gets put in one or other of the books.
You calculate in the first book at the end of each month to see how you got on. It’s not a pass or fail process. If you don’t save anything one month, you look for ways to improve next month and so on. Each month you are getting better and better at managing your money.
You can try a banking app if the above sounds like hard work. These free and paid apps will track all your expenditure and tell you what’s going on. Not as hands-on but better than hands-off.
Know your numbers
With an app or the Kakeibo method, you should know where it is going.
But do you know how much is coming in and from where?
- Are you getting the right amount?
- How much tax are you paying?
- What other deductions are happening, and are they the right amount, i.e. pension?
What’s the difference between what you earn and what you spend?
Creating a gap between your income and expenditure can start the process of building savings. But it can only begin once you know what is going on.
One way to reframe your money is to try and save first and then spend what’s left.
Do you have any debt?
Debt can be an incredible drain on your income if you carry a lot of debt, especially if it is costly.
Expensive debt is often associated with credit and store cards, car loans and payday loans. This is the type of debt; if not handled carefully can lead to serious problems.
- How much is it in total?
- What rates of interest are you paying
- Are you paying the minimum needed, and could you pay more?
If you are in a debt crisis
There are a few good sources of help if you are in a debt crisis:
2. Do it with someone else
Another option for getting money help is a money coach / financial coach.
This is where someone will work with you to understand the role of money in your life and how you can use it to achieve what you really want.
Money coaches work with you on:
- Your current financial situation
- Day to day management of money
- Positive and negative habits and actions with money – or your money mindset
- How to plan your money to achieve the lifestyle you want.
- How to create wealth in every area of your life, not just financial.
The key to working with a financial coach is they can use all their skills to help you use all your skills to make money work for you.
The coaching process is a guided process providing education, insight and guidance about your options and the potential advantages and disadvantages of various actions.
Let’s face it; not many of us have had any training or education in money. Many of us just started earning it and spending it, which was the induction.
Now is a great time to have money and achieve what you want it to for you to have a great life now and in the future.
A money coach is your financial ally helping you navigate the maze of life and money to achieve your goals.
A money coach will give you the skills and confidence to manage your own money and potentially help you create an income source from the things you love, are good at, have experience in, and someone will pay you for.
This is creating the business of you, helping you create and build wealth for yourself.
3. Have someone do it for you
The third way you can get money is through a financial advisor.
This is where you more or less hand it over to someone else to do it all for you. Manage your money, invest your money and keep you on track.
A financial advisor is licensed to sell financial products you may need—things like mortgages, insurances and some tax-efficient savings vehicles for high earners.
Generally, financial advisors are there to support those that already have significant wealth. Many financial advisors only really work with people with at least £100k in assets.
They don’t generally work with people below this, as given the fees they need to charge, it doesn’t make it viable for them or you.
So a financial advisor is typically for people who already have significant wealth.
Who else could help me with money?
There are a number of free sources of help with money, including
Can anyone help me with money?
Just be careful about where you get any “advice” from.
Poor sources of help with money may well include
- Your mate down the pub (when you can go again) who is actually broke themselves.
- Youtube day/crypto/dropshipping etc. traders
- Anyone offering to make you rich with little effort and overnight.
Anyway, those are my thoughts on can anyone help me with money.
FAQ: Can anybody help me with money
Can I get any help with money?
Absolutely, you can get help with money through various avenues such as financial coaching, consulting with a financial advisor, or using budgeting apps and online resources. Whether you’re looking to invest, save, or manage debt, there’s assistance available to guide you towards a financially secure future. 💷👨🏫
Where can I get help to get money?
You can seek help to get money through various channels like financial coaches and planners, government assistance programmes, or employment agencies. Additionally, online platforms offer freelance opportunities, and banks or lending institutions can provide loans. Always exercise caution and due diligence when exploring these options. 💷📝
How can I ask for money help?
To ask for money help, you can approach trusted family or friends, consult with financial advisors, or seek assistance from relevant government or charitable organisations. Be clear about why you need the help, how much you need, and your plan for repayment or improvement. Transparency and honesty are key. 💷🗨️
Who can I talk to about money problems?
For money problems, you can consult financial coaches or planner, credit counsellors, or debt management services. Trusted family and friends may also offer valuable advice. Some people also seek help from government agencies or charitable organisations that offer financial assistance or advice. 💷👨💼
How can I get money right now
There are a few ways to get money right now.
You could try asking family or friends for a loan or take out a short-term loan from a bank or online lender.
Another option is to sell some of your belongings or to do odd jobs for cash.
Finally, you might consider applying for a credit card with a low-interest rate and using that card to pay off high-interest debt.
Whatever route you decide to take, be sure to do your research so that you can find the best deal possible.
Summary: Can anyone help me financially?
If you have money worries and your anxiety is growing, there are a few places where you can get help with your money.
- Do it yourself – get control of your spending and start planning your money.
- Financial coaching – find a coach to help you manage and use your money to achieve your desired.
- A financial advisor – able to help those who already have some wealth
- On the internet, free money services will give you more information about managing your money from day to day.
Summary table: Can anyone help me with money?
|Details and Examples
|Do It Yourself: Kakeibo Method
|– Four Main Pillars: Income, Savings, Spending, Improvement
– Four Categories: Living, Culture, Entertainment, Others
– Two Notebooks: One for income and planning, another for daily expenses.
|Know Your Numbers
|– Income Sources: Salary, freelance, investments
– Expenses: Fixed (rent, utilities) and variable (dining, shopping)
– Potential Savings: Gap between income and expenses.
|– Types of Debt: Good (mortgage, student loans), Bad (credit cards, payday loans)- Resources: Step Change, Money Advice Service, Christians Against Poverty.
|Do It With Someone Else
|– Areas of Focus: Current financial situation, day-to-day money management, long-term planning
– Benefits: Personalised advice, accountability, emotional support.
|Have Someone Do It For You
|– Who They Serve: Generally people with at least £100k in assets
– What They Offer: Investment advice, tax planning, estate planning.
|Who Else Could Help Me
|– Reliable Sources: Money Advice Service, Money-Saving Expert, Pension Advisory Service
– Unreliable Sources: Broke friends, YouTube day traders, get-rich-quick schemes.
Good luck out there.
If you’ve made it this far, congratulations! You’re already taking steps towards a healthier financial future. But maybe you’re feeling a bit overwhelmed. Maybe the of budgeting, saving, and investing still makes you break out in a cold sweat. Don’t worry, you’re not alone, and help is available.
At Financially Happy Money Coaching, I understand money isn’t just about numbers. It’s about emotions, behaviours, and life choices. That’s why we’re here to help you take the stress out of money and build wealth that aligns with your values and lifestyle.
Whether you’re just starting out on your financial journey or you’re looking to take your finances to the next level, we’re here to guide you every step of the way. I’ll help you understand your financial behaviours, set realistic goals, and create a personalized plan to achieve those goals.
So, why wait? Start your journey towards financial happiness today. Remember, the best time to start was yesterday. The second best time is now.
Click here to schedule your consultation and let’s make your money work for you, not vice versa. 💪💰
Remember, financial freedom isn’t a destination; it’s a journey. And every journey is easier when you have a guide. So, let’s embark on this journey together and create a financially happy future. 🚀💸
📚 Financial Freedom Resources
- The Ultimate Guide To Building Your Savings to $100,000! 📘 is a transformative book that equips readers with principles, strategies, and the mindset 🧠 needed to reach a $100,000 savings goal 💰. It’s a journey towards financial freedom 🚀, challenging beliefs 🤔, embracing new habits 🔄, and overcoming obstacles 💪.
- How to Manage Your Finances: Your Guide to Financial Freedom 📘 is a comprehensive resource packed with practical advice on budgeting 💰, investing 📈, reducing debt 💳, and building wealth 💎. It’s an essential guide for anyone, novice or experienced, aiming to take control of their financial future and achieve financial independence 🚀.
Remember, self-study is a powerful tool for life and financial transformation. Happy reading! 🎉