Money Milestones

Talking about money

Before we get started, please tell us how you feel about your finances?

  • Great
    Great
  • Good
    Good
  • Meh
    Meh
  • Bad
    Bad
  • Awful
    Awful

If you feel uncomfortable talking about money, you’re not alone. But having money conversations – with your family, friends, partner and children – are so important to building and maintaining financial wellbeing.

Close Close

Tick the steps and log your mood to move on to the next week.

  • Have a read of our guide Talking about money which will help your confidence in starting those conversations.

  • Plan for your conversation. What you would like to say? Where could it be and when? What would you like the outcome to be? Have a read of our guide How to have a conversation about money for ideas.

  • After your money talk, reflect on the conversation. Do you feel better? Could you schedule in more regular chats to help keep on top of things?

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Plan what you’d like to teach them about money and then try work it into everyday conversations. Next time you’re food shopping with your children involve them with money-related decisions, like comparing prices of items out loud or asking them to tell you the different prices of products. You could also set them a fun challenge to find the cheapest price for an item.

  • Get them involved in everyday budgeting by showing them how when you draw out cash (or use your debit card) your balance goes down. For plenty of other fun, age-appropriate activities see our guide on How to talk to your children about money.

  • Now see if you can get your children excited about saving and building long-term healthy money habits. Help them pick a toy or item they really want to save up for and make a plan together of how they may be able to achieve that.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Let’s make a start by gathering together as much detail as possible about the problem you need help with and what you would like the outcome to be. It may feel daunting but it will be worth it.

  • Now make that call or start that conversation. Whether your question is about divorce and separation, long-term care, pensions, help with debt, benefits or anything else, we can help get you the money guidance you need. Start by taking a look at our guide Getting help and advice. You can also speak to someone for free at MoneyHelper on 0800 138 7777. Our guidance is backed by government and unbiased.

  • Congratulations, you’ve done the most difficult bit. Talking about money does help. For instance, our research shows that 6 in 10 customers with debts are reducing or clearing them within 3-6 months after receiving debt advice. Now, make talking about money part of your financial wellbeing regime.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done

Money Milestones

Mortgages

Before we get started, please tell us how you feel about your finances?

  • Great
    Great
  • Good
    Good
  • Meh
    Meh
  • Bad
    Bad
  • Awful
    Awful

Congratulations! You’re looking to buy your own home. It’s an exciting time but can also be a bit daunting. There’s a lot to understand and things you don’t want to forget in the buying process. We can help you understand the mortgage process and make it a bit easier.

Close Close

Tick the steps and log your mood to move on to the next week.

  • To find out more about lenders’ criteria, information on government schemes, as well as other useful information on the mortgage process, read our guide on How much can you afford to borrow for a mortgage?

  • Now that you’ve got a good idea of what lenders are after, you can start thinking about how much you should be able to afford. Use our Mortgage calculator to help you work it all out.

  • Now you’ve done your homework, you can start looking at properties for sale in your preferred area to get an idea of what’s in your price range. But bear in mind there will be other house-buying costs to factor in – more on these later.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Let’s take a look at the budget you created in week one. With everything clearly laid out you should be able to see how much you can save each month towards your deposit.

  • Make sure you’re aware of how much deposit you need, what help is available to boost your fund, and where the best place is to keep your savings in the meantime by reading this guide Saving money for a mortgage deposit.

  • If you’re using a savings account, set a reminder on your phone or in the diary to review your rate at least once a year to make sure you’re getting the best rate of interest.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • When you’ve worked out the sort of deposit you’re going to be able to build, it’s time to consider the other immediate costs of buying a property. You can read more about these in our guide Cost of buying a house and moving. It’s important to budget for these fees before you decide on the price range you’re looking at when you’re choosing your new home.

  • Keep going! It’s time to get to grips with the house-buying process, key stages, timeline and what fees to expect. Our guide Home-buying process – steps to buying a new house or flat, will take you through everything step by step.

    If you’re in Scotland. read our guide Buying property in Scotland.

  • You’ve done your research, you’ve got your deposit and budgeted for other house-moving costs. It’s finally time to start house viewing!

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done

Money Milestones

Starting a family

Before we get started, please tell us how you feel about your finances?

  • Great
    Great
  • Good
    Good
  • Meh
    Meh
  • Bad
    Bad
  • Awful
    Awful

So you’re having a baby! You may be feeling both excited and anxious about what’s to come. Having a little one will almost certainly impact your finances in some way so it’s best to be prepared. This week we’ll be focusing on all the money basics you need to think about when planning a family.

Close Close

Tick the steps and log your mood to move on to the next week.

  • Make a list of the things you think you may need to buy before the baby arrives. Speak to other parents too for advice on the things they found useful, and what turned out to be a waste of money.

  • How much will it all cost? You can fill out our handy Baby costs calculator which lists baby essentials recommended by the NHS as well as extras you might consider, and a guide to how much they cost.

  • Now to get saving. Even if you only manage to start small, the sooner you do the bigger buffer you will have for when you need it. Remember there are plenty of ways to cut costs when having a baby. Consider borrowing items from friends and family, and snag a bargain by buying a pram, toys or clothes second hand. You can often get them new or barely used.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Gather the details of you and your household’s monthly income, employment contract if relevant, and the baby’s due date.

  • There are lots of benefits and entitlements available to you if you are expecting or have a baby. For a list of what you are eligible for take a look at this guide on Benefits and entitlements to claim when you have a baby.

  • Once you know what benefits and entitlements you might be able to claim, find out the date you need to apply for them. Our Baby money timeline will help you keep track of these milestones.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Have a think about how much childcare you might need. Will your child need full-time care or only a few hours a week? It’s worth looking through our guide on Average childcare costs to get an idea of how much to budget for.

  • Childcare can take a big chunk out of your family income, but there might be help available to you. Find out what you qualify for from your employer and the government by using our guide Help with childcare costs.

  • Now that you’ve decided what childcare you can afford, it’s worth researching childminders and nurseries in your local area to confirm prices, and also to see if there’s a waiting list you may need to get on.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done

Money Milestones

Give yourself a pensions boost

Before we get started, please tell us how you feel about your finances?

  • Great
    Great
  • Good
    Good
  • Meh
    Meh
  • Bad
    Bad
  • Awful
    Awful

Whatever stage you’re at in your working life there’s always something you can do to boost your retirement income. This week’s challenge is to give yourself a high-impact pensions workout.

Close Close

Tick the steps and log your mood to move on to the next week.

  • What’s your pension fitness level looking like at the moment? If you’re unsure, have a look at our guide which will help you Check the progress of your pension and retirement savings.

  • Work out your current pension forecast, and what you might be aiming for to keep up your current standard of living. Use our handy Pension calculator to help.

  • How is your pension looking? Is there room to improve? Don’t despair if you feel you are too far from your target. We’ll look at how to close the gap in the next activities, starting with the State Pension.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Do you know how much to expect from the State Pension and when you’ll start getting it? Take a look at our guide to the State Pension to see what to expect.

  • If you’ve got any questions about your State Pension, give our pensions guidance team a call, it’s free and they’re happy to help. Call 0800 011 3797 or try our webchat.

  • You’ve beefed up your knowledge on the State Pension which means you’re in a strong position to move forward. Now have a think about whether or not you will need to boost your pension pot in other ways.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • In step one, you checked on the progress of your retirement savings. If you’ve identified a gap between your current projected savings and your desired income, there are things you can do to build it up.

  • It’s time to explore your options to boost your current pension pot. Read this guide on How to increase your pension savings for tips and ideas. Near retirement age? You may want to call Pension Wise from MoneyHelper on 0800 138 3944. We offer free, impartial guidance about your defined contribution pension options.

  • Once you’ve looked through your pension boosting options, have another look at the Pension calculator to see how much closer you are to your goal.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done

Money Milestones

Protecting yourself

Before we get started, please tell us how you feel about your finances?

  • Great
    Great
  • Good
    Good
  • Meh
    Meh
  • Bad
    Bad
  • Awful
    Awful

This week’s financial fitness steps are all about protecting your income if you were unable to work through job loss, ill health or disability.

Close Close

Tick the steps and log your mood to move on to the next week.

  • Your first activity is to think about who or what you need to protect most. This might be providing for your children, covering your mortgage payments, or simply your earnings.

  • Now check what protection you might already have. For example, if you’re employed or have a mortgage you might have a benefits package that includes life insurance or income protection for a set period if you can’t work due to illness or injury.

  • Once you’ve completed these two steps you can work out what protection insurance is right for you, get it in place and ticked off the list. Remember to shop around first.

    Now you can sleep easy, knowing you and your family are covered.
    Our insurance section has information on the many types of insurances out there, so it’s a good idea to get to grips with the options.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Fraudsters are increasingly clever and inventive with their scams so it’s important to be on the look out. Our guide Types of scams will help you identify and keep an eye out for a number of common scams.

  • Now you know what you’re looking for, make sure you know how and who to report it to. Our blog on How to report a scam or fraud will help you.

  • If you do see anything suspicious, report it to the relevant people and tell everyone you know.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • Your first step is to acknowledge that things are getting tough, and that seeking out advice and help with dealing with it, is an important part of tackling poor mental health and money problems.

  • We’re here to give you lots of practical support. Read our guide Money problems and poor mental wellbeing if you think it’s affecting your money management.

  • Remember there is always support available. Bookmark the page in the previous step so you can come back to it at any time for where to find the help that’s out there for you.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done