In this webinar from RL Cares, Adrian Firth of wealth management experts Mattioli Woods tackles the issues around money that we all face and explains why being financially astute can have a positive impact on other areas of your life, including your on-field performance.
Adrian looks at how to make your money go a little bit further by sharing some insightful tips on managing your personal and household income.
Adrian explains that financial well-being is an important aspect of overall well-being and that budgeting can help individuals take control of their finances. He encourages participants to ask themselves three simple questions when making purchases: do I need it, can I afford it, and can I get it cheaper? He also suggests that individuals should set short, medium, and long-term financial goals and allocate a portion of their budget towards those goals.
He emphasizes that budgeting is not about restricting spending, but about understanding and allocating funds in a way that allows for both necessary and desired expenses. A basic budget example is provided as a guide for participants.
If you are down about your finances you are likely to be less motivated to keep yourself mentally and physically fit. Having good financial skills benefits us all.
Further reading
Quote
"I spent a lot of money on booze, birds, and fast cars.
The rest I just squandered"
- George Best
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