095 - The 5 Must Have Accounts For Your Finances
In this episode of the Mind Money Soul podcast, I’m going to be sharing the 5 must have accounts for your finances.
Managing your money can feel overwhelming with so many different accounts available, from savings accounts, to stocks and shares ISA’s and pensions. The biggest challenge is knowing where to put your money so it can grow and remain safe. Growing up, we’re often only taught about having a current account, but there's much more to financial success than that. With such limited information, it can feel difficult to know where to begin leading many people to limit themselves by keeping their money solely in a current account.
We'll discuss the five essential accounts you need to manage your money effectively and how having multiple accounts can set you up for financial success. By understanding and utilising these key accounts, you can take control of your financial future. Don't just settle for a current account—expand your financial toolkit and set yourself up for success. Tune in to learn how to navigate these accounts and maximise your financial potential.
In this episode:
A breakdown of the different accounts you need
Why you need to have a current account
Why it doesn’t pay to be loyal to a particular bank
Why you need a separate spending account
The benefits of using Monzo or Revolut
Why you need a high interest savings account
How to grow you money with a stocks and shares ISA
The different types of pension accounts
How to manage your money when you get paid each month
Resources
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Book a Money Mindset Exploration Session
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Get a copy of my FREE Monthly Spending Planner Template
Get a copy of my FREE Money Date Template
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