Your steps to financial peace

“If you know the way broadly you will see it in everything.”

Miyamoto Musashi

When you master one thing you can master anything

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Sagely was created for one reason. To serve you.

We believe that personal financial advice should be, and one day will be, given away for free.

This is a radical idea. But we believe in radical ideas. Finance has been dressed up as complex to make a few people an awful lot of money for far

too long. Our mission is to democratise this knowledge.

“Fintech" is very trendy right now. However, the industry has not really fundamentally changed anything. We’re actually saving and investing far less as a society. There might be a new app every week, but this actually

makes things far more confusing (which ones do we use?). On top of that, they’re mostly used (+80%) by men between the ages of 30 and 50 working in business services. It might be trendy and cool, but it’s failing most of us!

Most services tell us where our money is and what to do with it (usually to buy whatever they are selling), but none of them tell us why. Why it matters,

why we need one product over another and why we should even care.

Sagely’s mission is all about the WHY. We’re here to empower you. To be a trusted independent voice you can turn to. A voice that speaks to a more

inclusive audience. A voice that cares about your financial wellbeing.

This is our mission. This is our passion. This is why we exist.

For you.

Johann BornmanFounder

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FINANCIAL PEACE

We get it. Personal Finance is confusing and boring.We know you’re not defined by the number in your bank account. We know you care about doing meaningful work, having experiences outside of it and spending your time with the people that matter to you.We know you care about living your life in a certain way. We know you work hard so you want your money to work hard for you. We know you want to spend your time getting on with the things that truly matter to you.

So to you we say…

Welcome to the Sagely Tribe

This report has been created with love, care and attention to guide you through our straightforward steps to financial wellness. We’ll usher you through getting a foundation in place, provide some handy savings tips, highlight some insurance it might be worth considering, along with explaining how to think about debt. We want to help you understand the basics so you can put your mind at ease. We’ve avoided the jargon and cut through the BS. You don’t have to become an expert, but we also know you want to understand how this stuff works so you can be empowered.

We feel honoured to be on this journey with you.

We'll give you:

1. Specific and easy to follow steps on where and how to get started with your finances.

2. Fun, jargon-free and simple explanations to empower you for a stronger financial future.

3. A curated report full of helpful techniques, tools, tips and tricks.

FINANCIAL PEACE

Please note everything found here is for information and educational purposes only and does not constitute financial advice. Sagely provides

general information and education and does not attempt to provide personalised financial, legal, tax or other advice of any kind.

Please see an independent financial advisor for advice on your specific circumstances.

STEP 1: FIND OUT WHERE YOU AREWhy our net worths are important

TRY OUR FREE TOOLS

WHY OUR NET WORTHS MATTER

To give us financial freedom

So how do we increase it?

Grow over time

We increase our assetsand/or decrease our liabilities

Our net worths(Assets - Liabilities)

But how do we do that?

Our monthly income- our monthly expenses

= discretionary income/savings

We use this to:increase our assets

and/or decrease our liabilities

So now you know where you are. But before we start focusing on where we want to go we need to first lay a foundation. We'll explain

more in the pages ahead.

STEP 2: LAY YOUR FOUNDATIONGetting a rainy day fund and the right Insurance

1. PUT A RAINY DAY FUND IN PLACE

2. MAKE SURE YOU HAVE THE RIGHT INSURANCE.

3. MAKE SURE YOU HAVE A PENSION IN PLACE

STEPS TO TAKE

A RAINY DAY FUND. YOUR SECRET WEAPON

HOW MUCH DO WE NEED FOR OUR RAINY DAY FUND

BASE CASE: 3-months’ living expenses

PRUDENT:6-months’ living expenses

HIGH EARNER: 9-months’ living expenses

Lays our foundation

Gives us financial confidence

Builds good money habits

Helps us achieve our

financial goals

Gives us freedom and choice

Avoids unnecessary

bad debtFrees our minds

and lowers our anxiety

As a rule of thumb, it’s advisable that you have at least 3 month’s worth of of living expenses as your rainy day fund. This is the minimum “good to have” amount

tucked away for the unexpected.

For the more prudent among us, and for that added security, it’s worth having at leats 6 month’s worth of living expenses

tucked away. You never know when things can take longer or cost more money.

When we’re quite senior in our jobs it takes a long time to move from one role

to the next and replace our incomes. There are no hard rules here, but if you’re earning above £80,000 it might be worth

having an added buffer.

HOW TO GET YOUR RAINY DAY FUND IN PLACE

IN ONE YEAR…(WHILE SAVING THE PLANET)

Save up to £300 by switching energy providers

Simply compare providers to find out which solution is best for your wallet. Or get a free home energy check and save up to £250. Further-more, using energy saving lightbulbs can save you up to £55 a bulb over its lifetime.

Save up to £621 by just packing a lunch every day

Allows for healthier and sustainable choices for you and your wallet while reducing plastic.

Save up to £160 on your heating by insulating your home

Installing cavity wall insulation is a simple yet effective hack to save on the heating lost through your walls.

Save up to £500 by cutting out the daily coffee

Allows for healthier and sustainable choices for you, your wallet and the planet while reducing plastic.

Save up to £85 a year by turning down your thermostat

Turning your thermostat down 1 degree can save up to 10% of your energy bill. If you don’t have a thermostat, installing one can save an additional £70

Save up to £100 a year using a water meter

Each household in the UK uses on average around 330 litres each day. Get free gadgets to help you save.

Save up to £30 by turning off your applicance from standby mode

Almost all electrical appliancs can be turned off at the plug without upsetting their programming.

Save up to £50 a year by draft proofing your home

Draught-free homes are comfortable at lower temperatures – so you may be able to turn down your thermostat saving even more on your energy bills.

Save up to £968 by buying a bicycle and cycling to work

Firstly, work out how much you spend every year in travelling to see if it’s worth it. The average work commutes are 54 minutes in the uk which equates to 54,806 calories burnt, 1,408kms cycled every year.

ULTIMATE SAVINGS HACKS FOR YOUR RAINY DAY FUND

Train

- Book 12 weeks in advance - Set Alerts - Use the price predictor app on iOs or Android - Always compare fares as different sites charge different prices and booking fees

Flights

- Booking at least 60 days ahead can save you up to 30% - Tuesday's after 6pm are statis-tically the cheapest days to fly. - Best comparison sites: - Kayak - SkyScanner - Momondo - Google flights

Aggregators

- Best Comparison sites - LastMinute - TravelSupermarket - Dealchecker - OnTheBeach - SecretEscapes

Hotels

- Airbnb- Kayak- Booking.com- Expedia- Laterooms- Priceline- Trivago

Mobile Phones and Broadband

- Analyse your current contract and find better providers - Find the best deals for the handset you want - Compare contracts

Switch bank accounts and earn money

- Compare switching accounts

PHONES, BROADBAND, BANKING

Restaurants

- CityMuch - Bookatable - Wowcher

Cinema & Streaming

- Vue Super Mondays - Amazon prime

ENTERTAINMENT

TRAVEL HOLIDAYS

Discount Vouchers

- TopCashback - MyVoucherCodes

Clothing

- eBay - Vinted

SHOPPING

FOLLOW OUR

FINHACKS FOR

THE LATEST

SAVINGS TIPS

TYPES OF SAVINGS ACCOUNTS

Instant access savings accounts

These accounts (usually) pay more interest than current accounts and allows

you to withdraw money whenever needed. This makes them handy for

emergency savings. You can save as little or as much as you want each month. You can often open an account with an initial

deposit of as little as £1.

Fixed-term deposit accounts

This is for setting aside money for a set length of time. You won’t have access to the funds over this period. However, the interest (which is set) over the length of the deposit is usually higher than other

type of savings accounts.

Cash ISAs

A protective wrapper that you put your savings into. This means you won’t be

taxed on any of the interest income. We all get an annual allowance on how much

interest we can earn so this is a handy option if our interest income will be more

than than.

Regular savings accounts

As the name indicates you have to commit to save regularly (usually monthly)

and then get the added benefit of getting higher interest rates than current

or savings accounts. There are rules around how long you need to contribute for and also how much you can take out.

WHY INSURANCE IS IMPORTANT

We have no idea what tomorrow might bring

Unless we have infinite bags of money stashed somewhere it’s important we have some

protection

Insurance literally makes our risks someone

else’s problem

Life is pretty crazy

We magically buy safety and

protection in advance

It helps us secure our future goals

Manages our risk

Gives us peace of

mind

WHY YOU NEED THE RIGHT INSURANCE

Car insurance

A legal requirement if you have a car Protects against personal injury claims.

Travel Insurance

An absolute must if you wanted to afford medical care when abroad. Home Insurance

Legal requirement if you own one.Covers cost of repairs or rebuilding

home from any damages.

Life Insurance

If you have children or a partner that are dependent on your income

to cover any debts (mortgage) or living expenses. An insurance

company pays a lump sum or a regular payment if you were to pass

away.

Income Protection

Pay a percentage of your take-home income if you can’t work for a while. Covers most

illnesses.Consider it if you would be relying on savings

and benefits to get you through any illness. Essential

to think about if you are self-employed.

For FREE insurance advice on what you need for your personal circumstance contactMONEYSUPERMARKET.COM

GOCOMPARE.COM

ESSENTIAL TO THINK ABOUT

WHY YOU NEED THE RIGHT INSURANCE

Content Insurance

Important for most of us in case of burglary, fire or flood.

Critical Illness

Often sold with Life insurance.Pays a lump sum if

you are diagnosed with specific Illnesses only.

Important if you or your family dependent on your income to cover any debts (mortgage) or

living expenses

For FREE insurance advice on what you need for your personal circumstance contactMONEYSUPERMARKET.COM

GOCOMPARE.COM

IMPORTANT TO THINK ABOUT

WHY YOU NEED THE RIGHT INSURANCE

Dental Insurance

Covers routine checkups and dental work. If you can’t or don’t want to go to NHS.

Payment protection

Covers monthly debt payments in case you have an accident, become sick or unemployed. Not needed if you have sick pay, have enough savings, your partner can pay or if you are young,

single and in good health.

Private Medical Insurance

Get your private medical bills reimbursed. Needed if you think you want or need treatment the

NHS can’t provide or don’t want to use the NHS.

For FREE insurance advice on what you need for your personal circumstance contactMONEYSUPERMARKET.COM

GOCOMPARE.COM

NICE TO HAVE

PENSION - THE SOLID FOUNDATION FOR THE FUTURE YOU

Think of them as your rainy day fund

Your protection

And your pension can grow unhindered as it’s protected from any taxes until you take money out!

Most of us don't think about our pensions or ignore them. But

with the free money and protection it’s our actually our

ultimate secret weapon for giving our future selves the solid

foundation and life we deserve

Pensions are absolute magic

When you put money in the Government tops it up by

your marginal tax rate

So 80p can become £1And 60p can become £1

If your employed by a company they also

tends to match certain contributions

So £1 becomes £2!

If you have a pension, you basically get a bonus

or free money every month!

And your the fun in the sun and a way to

improve your quality of life for your future you

STEP 3: MANAGING DEBTSGood and bad debt explained.

IS DEBT GOOD OR BAD?

It’s use+

The interest rates charged (cost of the debt)

Bad debt = borrowing to:

1. Buy an expense without any benefit (points/miles)2. Not buying an asset3. Interest costs growing faster than the asset you bought4.You can’t afford to pay the debt

Good debt is borrowing to

Debt is like a fulcrum

It allows us to buy assets that we normally would

not be able to

Good or bad Debt is dependent on

1. Buy an asset

- Points/frequent flyer miles- House- Investment- Pension- Education- Startup/business

2. That grows faster than interest cost of the

debt

3. You can pay the interest payments

comfortablywithout having to

sell the asset

STEP 4: OBSERVE AND REVIEW

All you have to do for Step 4 is to set a calender reminder for every 6 months.

Every 6 months you simply review and repeat steps 1, 2 and 3. What does your net worth look like, do you need to increase or decrease your rainy day fund or insurance levels (speak to an

expert) and what are your debt levels looking like?

Reviewing our financial stateevery 6 months means we'll stay on top of things and help

ensure we keep our Financial Peace.

OBSERVE AND REVIEW

CONGRATULATIONS ON TAKING THE STEPS TO FINANCIAL PEACE

You’ve put your rainy day fund in place.You’ve taken out the right insurance for your needs.

You’ve got the right amount and combination of debt.

You’ve done it! Take a deep breath. Exhale.Can you feel the relaxation?Financial peace is upon you.

We can’t tell you how excited we are for you!

You put the foundations in place to ensure you’re covered for those unexpected days. And importantly, you now know a process that you can follow at any time to build healthy financial habits. To track your assets,

liabilities, income and expenses. To change these 4 categories so that you can ensure you have the right foundations in place.

Try our free tools to help you with these 4 steps.

So, what comes next?Growing your net worth! In our next guide, find simple steps to build better money habits, set your financial goals and understand your appetite for risk.

Click here for your Financial Growth Report.

Sagely Newsletter:Your bi-monthly Newsletter jam packed full of insights, life hacks and money

tricks to empower you on your financial journey.

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There's just an insane amount of general personal finance information out there.

We've collated the best bits and combined it with our own experience and expertise to create the Sagely hub:

https://www.sagely.io/blog/

With this report we've put together the information you provided with our Sagely Wisdom to provide curated

information from our blog in a helpful guide just for you.