Your Wealth Building Checklist
Work through these 10 essential steps to build lasting wealth. Tick off items as you complete them.
0 of 10 items completed
1. Create a monthly budget and track all expenses
Use the 50/30/20 rule as a starting point: 50% needs, 30% wants, 20% savings
2. Build an emergency fund of 3-6 months expenses
Keep in an easy-access savings account for unexpected events
3. Audit and prioritise your debts
List all debts with interest rates and create a repayment plan
4. Ensure you are getting full workplace pension matching
Contribute at least enough to get the full employer contribution
5. Open and max out your ISA allowance
Current ISA limit is £20,000 per year - use it before April 5th
6. Start or increase regular investment contributions
Consider low-cost index funds for diversified, long-term growth
7. Explore ways to increase your income
Side hustles, career development, negotiation for pay rise
8. Audit all subscriptions and cancel unused ones
Gym memberships, streaming services, apps - they add up
9. Review insurance policies for better deals
Compare car, home, and life insurance annually
10. Calculate and track your net worth monthly
Assets minus liabilities - watch this number grow over time
Next Steps
Once you have completed your wealth building checklist, put your plan into action: