If you want to become good with money, you first need to work out what money does to you. That’s why we’re speaking to Claer Barrett, the Consumer Editor of the Financial Times and author of the book What They Don’t Teach You About Money. ✉️ Get a summary from this episode Sign up to our email newsletter: https://makingmoney.email/ 🤝 Want 1:1 money help from us? Book free call & find the right service: https://getmost.typeform.com/pod-episodes As promised, *we’ve added the money personalities from Claer’s book below.* Be honest with yourself - which ones describe you? Let us know in the comments. - Spendy Wendy: could be you if you know the three numbers on the back of your bank card off by heart as you do so much online shopping - YOLO (you only live once): could be you if you have ever uttered the words ‘To the moon’ without irony - Goblin: could be you if you get more of a kick from saving money than spending it - Spreadsheet Slave: could be you if you have ever dreamed in Excel -Jitterbug: could be you if you have a constant state of underlying anxiety about money - Ostrich: could be you if you say a silent prayer every time you tap your card to pay As also promised, *here are some decent budgeting tools* (Damo is actually making one but it’s not ready yet) but there are loads out there which may suit you better: - Good old fashioned spreadsheet: Excel or Google Docs - Budget planner, a free government tool: https://www.moneyhelper.org.uk/ - You Need A Budget (YNAB), a paid for tool with all the bells and whistles: https://www.ynab.com/ 🎉 Sponsors: Get 45% off Blinkist after a 7-day free trial. https://blinkist.com/makingmoney If you purchase a product or service using one of the links above, we may receive a small commission. There will be no additional charge for you. Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk. Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00 - Intro 01:17 - Starting the journey 04:16 - What is your money personality? 08:05 - My first money memory 13:27 - Forgive yourself for your money mistakes 19:50 - How to get on top of your finances 23:45 - Set your financial goals 29:28 - Budgeting 34:50 - Watch out for lifestyle creep! 38:15 - Why you don't need to be good at maths to be good with money 42:09 - Building good money habits 46:09 - Key actions