This course was created by Careercake, the careers content platform. We are pleased to host this training in our library.
Skill Level Beginner
- Hi, my name is Talia Loderick, and I'm here to talk to you about money. As a journalist and writer, I've covered many different stories, but my favorite subject has always been money. I've covered everything from clearing credit card debt, to cutting the cost of car insurance, to why it pays to know your consumer rights, and it does pay. One of my best friends still reminds me of when, aged 17, I recited the Sale of Goods Act to a shop assistant at Argos who was refusing to refund my friend for the faulty heated hair roller set she'd bought. Yeah, that's me. But I stood my ground, and the shop's staff gave my friend her money back. Now, as a coach, I help people identify and accomplish their goals, and money always comes up in conversation. It's no surprise really because how you manage your money has a huge impact on your life, from material things, like the clothes you wear and the car you drive, to your physical and mental health and wellbeing, and also your relationships. So I like to help people be better with money. This course is for you if you'd like to stop worrying about money and get a handle on it, create a positive relationship with money, and feel positive when you think and talk about money. This course is also for you if you'd like to set financial goals and create a plan to achieve them. This course is relevant for everyone, no matter your background and whatever the size of your bank balance. You can be brilliant at what you do for a living, but still feel a bit silly when it comes to managing money. You can earn a little or a lot and still ultimately feel trapped and in a job that you really dislike because you need to make ends meet. I know people who've stuck in terrible work environments really damaging to their mental health because they felt they couldn't leave work. As their outgoings were so high, they couldn't afford to lose their job. If you always spend more when you earn more, it doesn't take much to be one payday from despair. And that's the worst, isn't it? When a lack of money really limits your options in life. So this course is for people who are looking to make a change. Financial freedom so you can make better life choices. If you can think big picture about money, you can build a life that allows you freedom instead of restrictions. Because if you have a financial cushion, and you're not making decisions from a financially tight point of view, then it opens your options. Ultimately, money is a tool. You want to be in a position where you control money, not the other way round. So to do this, we're going to focus on five key areas. One, money mindset. Before we get onto the practical side of money management, it's important that we take a step back, and we're going to identify and examine your thoughts and feelings around money. For example, if you repeatedly tell yourself that you're bad, or you're useless, or you're hopeless with money, it's really no surprise if this shows up in your actions and your behavior around money. But also you've got to ask, why do you believe this? Where does this opinion of your money management skills come from? I'll help you give this some real thought. Two, we're going to look at where are you now in terms of tracking your spending and creating a budget. So we are going to see where your money goes now. It could well be the case that you have more than you think. You just don't realize it because you've never really tracked your money. So we'll then create a budget to help you decide where you're going to spend your money in future. Number three, where do you want to be? We're going to look at setting some financial goals. Because if you don't know where you're going, you don't stand a great chance of getting there anytime soon, if at all. But once you set your destination, even if that's enough to earn enough and escape to a tropical island, if you have a plan, you're going to get there faster. Number four, we're going to look at debt and savings. I like to call it debt and savings 101. If you're in debt, you're not alone. Consumer credit debt in the UK currently stands at almost four grand per person on credit cards and loans. So I'm going to share some key ways to reduce debt and increase savings on your journey to financial freedom. And five, we're going to look at measuring progress and evaluating success. If your money's going to take care of you, you have to take care of your money. So as a final part of this course, we'll look at how to make sure your financial plan is still on track. And here's what I'm not going to do. I am not going to tell you to drop your daily coffee habit. If your daily takeaway latte, Americano, flat white, delete as appropriate coffee habit is what keeps you going, so be it. Because I can see how this sort of well-meaning and perfectly valid, but rather cliche top money-saving tip, can really put people off wanting to be better with their money if they associate it with a miserly, penny pinching existence of cutting back on coffee and any other small spends that bring a bit of joy to people's lives. What I will help you do though is work out whether you can afford that daily coffee habit. Then, you can weigh up if you want to continue spending three pounds a day on your daily coffee, or whether you're happy to reign in this expense if it means you can accomplish your financial goals that bit faster, whether that's clearing debt or saving for a round the world trip. So here's to mastering your money. Let's get started.