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We believe you should be your own financial advisor. The principles of becoming wealthy aren't that difficult to understand. If you know them you can manage your own money and avoid being taken advantage of by unscrupulous people. You can start by educating yourself about money, finance and everything money, by spendng at least 15 minutes daily on that. There is no silver bullet when it comes to creating true financial independence. It will take twice as long as you expect and the road will be filled with challenges - most of them in our own minds.
Your current financial situation
The key to understanding your financial situation is to know what you have coming in, and what you spend each month. The best way to do this is by creating a simple budget that records your income and compares it to what you spend, your outgoings.
Building a budget
Building a budget can seem like a big job, but in reality it's not as hard as it looks, and can be very simple. It can work for anyone - your budget is built completely around your individual situation and is designed to show you where you currently stand, not put restrictions on how you live. Follow our easy step-by-step guide to building a budget that works for you and your financial situation, and you'll soon be back on track for a better tomorrow.
For more tips on building a budget take a look at our "Building a budget" write-up below...
Understanding financial terms
Understanding financial jargon and lingo can be hard — what does APR stand for? How is it worked out and what does that mean for me? What is net income? What are arrears? Here at Sikamaster we like to keep things as simple as we can, so we created a simple financial glossary that lists all the terms you need to understand, and what they mean, to become a master of your money.
Financial Literacy Courses - Free
Financial Literal Courses - Paid