What is the best way to get financially educated? I want to learn how to budget and grow money to buy a house in the next 3-5 years?

The first thing you need to do is go over your monthly expenses and find “easy wins” – large expenses that you can reduce substantially without too much of an impact on your lifestyle (utilities and tv/broadband are a good place to start).

Once you’ve done that, start thinking about the other side of this – how to increase your income.

There are many ways you can make money online and as long as you’re willing to work hard, you can earn enough to save for a nice deposit.

Over 3–5 years? You can even pay for a decent house, depending on where you live and how much work you’re willing to put in.

The key point for me is don’t forget the income side. People tend to focus too much on expenses and end up failing because it impacts their quality of life too much.

Don’t go on a diet, get yourself another stomach.

Hope that helps.

Jon

Published by Jon Kahn

Accountant and financial mentor based in Swansea, Wales. A contrarian who believes you should try to achieve your dreams by taking control of your life rather than reacting to them. Financial diets rarely work, so we believe in doing things differently.

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