Finding Financial Peace - Episode 2 - Money Magic cover art

Finding Financial Peace - Episode 2 - Money Magic

Finding Financial Peace - Episode 2 - Money Magic

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In Episode 2, John and Wendy move onto Knowing Your Numbers and Money Magic. 

Wendy will take you through understanding and calculating your income, your fixed costs and your variable weekly costs.

Then, to manage your numbers she'll show you how to set up 3 separate bank accounts so you can separate your key pots and have full control

  • Bills Account Income and Fixed Expenditure. (No Debit Cards linked to this account.) 
  • Spending Account - A Debit Card is linked to this account and it's used for your weekly cash spends. 
  • Savings Account - For regular monthly savings 

We discuss what happens if you discover you have more going out than coming in, and how to tackle debt properly with the assistance the Money Magic facility provides.

The podcast is easier to understand if you first access some of the free resources made available by Ditch Debt With Dignity enabling you to work along with us as the episode plays. 

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