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How moneystepper helped me
Today, we have a article my a former colleague. Whilst I must be open that he is someone I know personally, he provided this feedback completely unsolicited.
After receiving it, I couldn’t wait to show it off and share this with you guys. I really hope that moneystepper is helping our audience, so to receive this kind of feedback really makes my day!
Here goes…
Moneystepper turned my financial life around
“One of the most frustrating aspects of learning useless subjects at school is that there are plenty of topics which could be taught that hold a lot more value in life. One of those topics is managing personal finances.
While budgets tend to be taught in most business subjects at school, there is no expansion in how to managing income and creating wealth. With this lack of knowledge, it’s very easy for people to get into debt very quickly.
Having not had to necessarily budget or think about money too much at university, it came as a shock that a few years after working, I was heavily in debt, with around £3,500 owed on my credit card, and the feeling that my expenditures far exceeding my income.”
I needed this “common sense” information
“I came across Moneystepper around July 2013, reading the ebook (Becoming Rich: one step at a time) and the multiple blog posts on the website around wealth, saving money and overall managing personal finance. None of this is ground breaking knowledge, with a lot of information in the book coming under the banner of common sense.
Unfortunately, a lot of this ‘common sense’ is entirely discarded when we have access to a lot of credit. Moneystepper suggests a number of things to try and get one’s personal finances in order. First is awareness. The book attempts to increase awareness by suggesting documentation of every penny of income and expenditure, helping to understand money is being lost, savings can be made and ultimately how the money flows.
The second is a few psychological and practical techniques to start saving money (ie paying yourself a wage first from your income). Once these two aspects are brought to attention and practiced, it is much easier to start analysing where overspending is occurring.”
My progress
“Within 6 months I was out of my credit card debt. The credit card is now used for its correct purpose, as a “intermediary” for spending within budget and to collect points/cashback offers from the credit card provider. A further 6 months in, I have saved that same amount, whilst living comfortably on a wage in which only 60% is expenditure and the rest is saved towards my future.”
Awesome. I was so happy to hear I had helped my former colleague progress with his finance. One person helped – a billion more to go! 🙂 On this note, please let me know if you think there are any specific ways moneystepper can help you? Do you have specific questions? Any topics you would like us to cover?
Money Beagle says
Cool story! It’s always good to see when someone can take what you write and convert those to meaningful changes.
Jason @ Islands of Investing says
Great stuff moneystepper! This is what it’s all about, and why we write and create the material we do. Awesome to get feedback like this – positive validation about the content you’re providing. No doubt this will continue to spur you on to keep writing great material (and keep you closing in on that very ambitious target of 1 billion helped!)
Jen @Sprout Wealth says
What a great story to share! I am guilty of losing my common sense in the past over things bought on credit and like your friend, I am grateful to the lessons I learned from personal finance bloggers, you included. Let us all continue sharing our thoughts!
Derek at MoneyAhoy says
Great story! That must be such an awesome feeling to know that you really helped someone get their financial life back on track. Awesome job!