Personal Finance Flowchart
Understanding your financial flow
Understanding Financial Flow
Understanding how money moves through your financial life is crucial for making informed decisions. Below is a simplified view of financial flow, but for a comprehensive, community-vetted guide, we highly recommend the UK Personal Finance Flowchart .
About the UK Personal Finance Flowchart
The UK Personal Finance Flowchart is a free, comprehensive guide that has helped thousands of people make better financial decisions. It's particularly valuable because it's:
- Created and maintained by the UK Personal Finance community
- Regularly updated to reflect current financial regulations
- Tailored specifically to the UK financial landscape
- Completely free to use and share
Create a Budget
Track income and expenses to understand your cash flow.
Emergency Fund
Start with £1,000 or 1 month of essential expenses.
Pension Enrolment
Ensure you're enrolled in your workplace pension scheme.
Assess Debts
List all debts by interest rate and amount.
Full Emergency Fund
Aim for 3-6 months of essential expenses.
Define Goals
Set clear financial objectives and timeframes.
Short Term Goals
Vacations, new car, home improvements (1-3 years).
Long Term Goals
Retirement, children's education, buying a home (5+ years).
Next Steps
Regularly review and adjust your financial plan as needed.
This financial roadmap helps you build stability and work towards your goals in a structured way.
How to Use These Resources
While the UK Personal Finance Flowchart provides the roadmap, Delphina helps you implement it. Use our platform to:
- Track your progress through each financial milestone
- Monitor your emergency fund and savings goals
- Manage your pension and investment contributions
- Plan for major financial decisions
Get started with our Getting Started guide, or learn more about specific topics like ISAs and SIPPs.