My name is Timi Merriman-Johnson and I am the founder of Mr MoneyJar, a financial education company for people in the UK
I am an 'Artist'. The 'Artist' profile was accurate in that it captures my view that money is not at the centre of everything, but it did say I wasn't much of an investor which is definitely not true!
The TLDR of my brand is that I teach people how money works using fun and relatable concepts that they already understand, be that reimagining the income tax system through Nandos' Peri Peri scale, or likening a diversified portfolio to a well balanced team of Pokemon. I started a social media presence as I would like to reach as many people as possible
I am interested in personal finance because I believe that if I, and others, are able to manage money well, we can use money to design the lives we actually want to live. Money is about freedom
Investing is like gambling. It's not like gambling if you know what you are doing
I have a monthly 'money date' that I set with myself at the start of every month where I track all of my money in, money out and balances. This helps me to stay on top of my finances and plan my spending in advance
I aim to be financially independent by 2030
Video games and books. I really enjoy both, and both contribute a great deal to my wellbeing
Monthly, on average. But I also use budgeting apps to be able to spot-check my finances on a week to week basis
Most people have a good idea of how much money they have coming in, but not how much they spent. A great first port of call is to create an accurate record of your spending over the past month and to see if anything jumps out at you. Are there any bills you didn't realise you were paying for, or did you spend way more on takeaways or Ubers than you'd thought? Once you do this, you can adjust you spending going forwards
I have a joint account with my fiancee, a current account, and then a secondary account which I use for 'fun' spending. I use a budgeting app to check my finances, and I also invest in a Stocks & Shares ISA
Sign up to Quirky Fridays for a round-up of the week’s most important news on the economy and tips that will help with your personal finances. Every Friday at 4PM straight to your inbox.