If you do nothing else

If you do nothing else this month then follow these 5 simple steps. Each step builds on the previous step, so when you finish the first go on to the second and so on.

If you can’t get to step 5 don’t worry, you’ll be in better financial shape than most of the population and you can set this as your target, because as time goes on and you complete step 2 in full then you will eventually complete the 5th step:

use this as your roadmap for building your financial wealth

Step1 – if your employer offers a pension scheme where they match your contributions – go join it. This is free money and, quite simply, there’s nothing better than that.

Step 2 – pay down your debt. Whatever your credit card or loan company charges, paying off your debt will not only generate increased cashflow each month but will save you £1000′s in the long term.

Step 3 – open up an ISA or tax free savings account. You can save up to £10,200 a year including up to £5100 in cash.

Step 4 – increase your pension contributions up to the maximum allowable.

Step 5 - pay down your mortgage and consider investing in yourself with either a further degree or starting your own business.

Any excuses now?