• Rachael Panteney

Where does all my money go?

Something I hear quite a lot.

On paper there should be a surplus each month but somehow it just…disappears.


On paper there should be a surplus each month but somehow it just…disappears.


You may have your emergency savings tucked away, and aren’t worrying about how to pay for things in the future, but if you feel you should be keeping a better track or saving more, then perhaps you need to look at budgeting.


It’s not scary, and it doesn’t mean giving up all the nice things, just means you have a better grasp of what you have.


Start with finding out where your money has been spent over the last 3 months. I’ve got budgeting sheets available and can send these on request.


Once you’ve done that list out your committed expenses – Housing costs, utilities, insurances, travel, childcare etc. Add in your savings amount to make sure it happens.


What you are left with is your disposable income and I’d recommend separating this out from your outgoings in some way.


You can keep things simple with 3 accounts – Bills, Savings and Spending or you can go more in depth with app based banking. This will allow you to set up several separate pots to really keep track of things – you can put funds aside for anything you need to pay out regularly like Christmas, holidays, annual car insurance etc.


If you use app based banking I’d love to hear which one you use and what separate pots you have created.



Rachael Panteney

Financial Adviser

Willow Tree Financial Services

01323 436680

rachael@willowtree-fs.co.uk

Willow Tree Financial Services.

A6 Chaucer Business Park,

Dittons Road, Polegate.

East Sussex, UK.

BN26 6QH

01323 436680

rachael@willowtree-fs.co.uk

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested. Your home may be repossessed if you do not keep up repayments on your mortgage. 
 

The Financial Conduct Authority does not regulate Will Writing & Estate Planning.

Willow Tree Financial Services is a trading style of Rachael Panteney, an appointed representative of Quilter Financial Services Limited and Quilter Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority.

The information and content within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.

Privacy Policy

© 2020 by Willow Tree Financial Services. Proudly created by AMME.

Image Disclaimer: All images shown are for illustration purposes only and are not pictures of actual clients.

For reliable financial advice that is accessible to everyone; from mortgages to pensions, and everything in between.

 

We pride ourselves on our friendly and professional service and use our extensive market knowledge and experience to deliver a client-first approach, as standard.

Clicking the links below will depart you from the regulatory site of Willow Tree Financial Services. Neither Willow Tree Financial Services nor Quilter is responsible for the accuracy of the information contained within the linked site.

  • Facebook - White Circle
  • Instagram - White Circle