Hannah blogs about her journey with money to share her experiences with debt, budgeting, and everything in between.
Q: What is your current position/role and when did you first develop an interest in finance?
A: I work in the retail and hospitality sector in the UK. I started becoming interested in finance when I was 20 because my boyfriend and I wanted to buy our first home and we needed to start managing our money.
Q: What challenges have you faced with personal finance?
A: I have been faced with debt, a pay cut due to the pandemic, you name it! I have recently been trying to figure out a budget that allows me to have fun as well as save money, which has been tough.
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Q: If you could give advice to your 18 year old self about managing your money, what would you tell yourself and why?
A: I would tell myself to start saving, even if it is $10 per week, don’t waste all of your money. The future isn’t that far away and you will need the money! Also, allot yourself some money to use for fun without feeling guilty.
Q: What is your top tip for budgeting?
A: Plan! Take the time to go over your budget to review what went well and what didn’t.
Q: What do you think is the most critical step to ensuring financial independence?
A: You need to consciously recognize that you have to take control of your money. I know that having that conversation with yourself is difficult, but it will change your life. Along those lines, it’s important to feel comfortable asking for support from loved ones and admitting your struggles to your partner.
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