wpid-wp-1434998908027.jpegLike most young artists, I have a complicated relationship with money. During my Undergraduate degree, I was fortunate enough to be able to rely on my parents for financial support.  But since then I’ve been relying on my own income or student loans to cover my costs.  It was pretty daunting at first, because I had I had very little financial knowledge, no credit history, no savings, no investments, and now a pretty considerable amount of debt to pay off soon.

I decided to start this series because although there is a lot of information about personal finance out there, it’s mostly geared towards people who are more financially established, and teaches them how to get better at it. But when I started my personal finance journey, I found that a lot of the information out there just didn’t apply to me. I needed something that told me how to start from scratch (hey! That’s the title!).

First, I tried to gather as much information as possible.  The first thing I did was read It’s Your Money by Gail Vaz-Oxlade.  My Mum gave it to me a while ago, and it sat gathering dust for a while, but it became a lifesaver! It’s a great book geared towards women who want to take control of their finances.

Armed with this knowledge, I came up with a plan for what I thought I needed and then I went into the bank and spoke to a financial advisor.  This made everything so much easier and way faster.

The advisor broke down everything into four financial needs

1: Money Management Need

2: Credit Need

3: Savings Need

4: Investment Need

Throughout this series, I’m going to tackle them more or less chronologically.  Next time, I’m going to look at the different resources out there for money management and how to figure out which is right for you.

This is adapted from a previous Starving Soubrette post

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