Do you want to buy a home one day? Will you want to start your own business perhaps? Or do you just want the freedom to do what you want when you want? These things all require money and if you start now it won’t feel like a sacrifice.

You can build wealth in three ways. Either you make more or spend less – or make your money work harder for you. Here are some simple ways to help you get on top of your finances and grow your money. And did we mention the best time to start is right now?!


1. Develop a plan

Get clear on your goals, develop a plan and stick with it. Work out what money you’ll need, by when and develop a roadmap to get you there.


2. Pay your future-self first

Before you do anything, pay your future-self a percentage of your salary. Decide the amount based on your goals, and make it a habit. If it comes out on payday, the chances are you’re less likely to miss it! Now you’re ready to start making your money work for you…


3. Don’t put off till tomorrow what you can do today

Whatever you’re planning towards, start now. If you invest £1,000 in the stock market aged 35, with an average 9.46% return*, you’d have £6,097 when you’re 55. Start ten years earlier and you’d have £15,054 – almost twice as much – thanks to the magical powers of compounding (where you get a return on your returns). An app like Moneybox can not only help you automatically set money aside but also help you invest in simple funds that track the average return of the market.



*Based on FTSE All-World Total Return GBP, Morningstar.