7 Places Your Money Needs To Go On Payday (How To Manage Your Money)

In this video I explain the 7 steps you should go through after you receive your pay check. We talk about building an emergency fund, paying off debt and investing, amongst other things.

TIMESTAMPS:
00:00 - Intro
00:30 - Step 1
02:30 - Step 2
03:09 - Step 3
04:19 - Step 4
06:13 - Step 5
07:58 - Step 6
09:07 - Step 7
09:42 - Final thoughts

WHO AM I:
I'm Kiran, a qualified Accountant and experienced tax professional living in the UK. I make videos about finance, tax and investing.

MY FILMING GEAR:

DISCLAIMER:
This content, and the ideas presented in it, are for education and entertainment purposes only. Kiran does not provide tax or investment advice. The information presented does not consider the financial circumstances of any investor, and therefore may not be suitable for all investors.
Although Kiran is an Accountant, no Accountant-Client relationship is established with the viewer in any way.

As an Amazon Associate I earn from qualifying purchases. The product links in the description are affiliate links. This means if you choose to buy something through one of these links, I may receive a commission on the sale, but it makes no difference to you as a buyer.

[Helloworldwrjfjrjrj]

Nice and calm. Well done. Should be a school teacher and provide this to year 11 to 12

[Melbn-dimi]

I'm so happy I made productive decisions about my finances that changed my life forever, hoping to retire next year.. Investment should always be on any creative man's heart for success in life

[Gulfraz.]

Congrats on one of your videos finally blowing up. All your hard work and consistency paying off. KEEP GOING 👊 ♥

[amishbudhathoki]

Thank you for your eloquent advice on money management. I hope your channel grows successfully. Please consider including slides or graphs for visual learners like me, even though you have a lovely reassuring voice.

[benjamjarmin]

Kiran, I'm glad I stayed on this channel. Its blooming lovely to know that I am naturally doing things correctly. But your channel takes consumer knowledge to another level. Please, this is a National Service to people like myself

[arberismaili]

Thqnk you so much as a 19 year old this was really helpful you are amazing and the best

[fredrickalfarez]

My advice to everyone is this : if you want to grow big this year especially in your finances. Be willing to take risks. Saving is great but taking risks puts you on a pedestal where you wouldnt have to worry about savings as you do now. Thanks to larysa Caba, my portolio is doing really great and im proud of the decisions i made last year.

[Lazy-Power]

Excellent video, keep up the great content.

[Burning_desire]

I want to say thank you for making me some money with Nvidia shares, I wished I put more into it when I watched your video a few months ago. Please provide more shares videos

[antoniocs]

Good video but the "You must invest" always feels empty.
Invest in what? How? etc
These are always missing

[SteveRogers]

Liked and Subscribed and sharing with all my family and friends 🙏🙏🙏

[jonathonhyam]

Hi Kiran, wonderful in theory. An ideal conservative solution with reduced anxiety. How does this work in a world in the midst of a cost of living crisis coupled with a government that’s taking 60% tax at the upper bracket and mortgage interest rates at an all time high (as of last year when I took one out).

[Doubletandards]

In the UK pensions are a poor form of investments and security now... Retirement age is now getting reviewed and government are really wanting to increase it to 70... Life expectancy in UK is 78, so other words, your pension will be used to fund government in care assistance for you, and only 13% of people in UK live over 70.... Enough said in my eyes!!

[OneAndOnlyMe]

Loving these videos. Just one suggestion if I may, please consider using mic that doesn't pickup all the reverberations, I listen on headphones and they quite noticeable.

[billionnaire]

As always I love the advice of ask for A pay rise or find another job. Every financial numpty on YouTube says the same thing. If your working A minimum wage job there is no asking for A pay rise and most minimum wage jobs are low skilled so finding a new job is not that simple.

[MosesTouch-umql]

Speaking of ISA , do skilled worker visa holders permitted to have shares on Trading 212 ISA or any other platforms in UK?

[rajjoshi]

Hi Kiran, a good video with some solid advice. Can you do something on crypto investing?

[highentropy]

Nischa has some competition it would appear.

[UberAlphaSirus]

LOL. rainy day fund to me says whos gonna be the rainy day debt. lol

[hemantparakh]

Uno Card Game is the only Foundation Plan