Turning your life around financially

[Anylurk]

Looking for heartening tales of how you turned your financial situation around in late 30s. I'm nearing 40, waring 35k and just finding it hard to save, put away for a pension etc. I've been out of the job market for a long time too (student) so really feel like I need to play catch up. Feels so depressing looking at my meager savings...anyone been in position and managed to get on a better footing?

I take it you’ve gone through your outgoings with a fine tooth comb to see what you can get rid of and get better deals for?

If so then it’s a matter of increasing hours or get a better paid job or second one - is this possible? Last year I picked up overtime shifts to clear my debt of £1.1K debt, it was done in five months.

Are you paying off any unsecured debt?

Yes. Spent my 20s messing around and my 30s parenting/not working/working PT. In my 40s I’ve worked out a monthly spending and saving plan and I track my net worth quarterly. I did my April numbers the other day and my net worth has gone up by £8.4k since Jan, and I’m not a high earner. I’m a total budget freak now…happy to have a look at your numbers via DM if you like.

Although…am I reading your post correctly? You don’t currently work and you are a student?