Monthly take-home
£2,558
After tax & student loan
Monthly outgoings
£1,418.90
All fixed + variable
Monthly surplus
£1,413.28
55.2% savings rate
Financial health score
62/100
Good — keep building
You have a 55.2% savings rate — exceptional at 24. Priority: clear debt → build emergency fund → max LISA → invest the rest.
Spending breakdown
Recommended surplus allocation
Financial health score
Priority action list
1. Clear Credit Spring — frees £120/mo + stops interesturgent
2. Build £3,500 emergency fund (currently £0)urgent
3. Open Stocks & Shares ISA and start investingthis month
4. Max LISA at £333/mo to earn full £1,000/yr gov bonusthis month
5. Downgrade Monzo Max + cancel Village Gym (saves £51/mo)quick win
6. Confirm employer pension match % in your contractquick win
7. Clear overdraftsoon
Actual monthly surplus: £1,413.28. Tick items as you clear them to watch your freed cash update live.
Fixed essentials
Rent£500.00
Bills (water, electric, broadband)£224.99
Car finance£170.00
Car insurance£53.48
Phone bill£26.63
Phone device plan£21.83
Petrol£30.00
Food / groceries£150.00
Essential subtotal£1,176.93
Debts & subscriptions — tick when cleared/cancelled
£100.00
£20.00
£5.00
£20.00
£34.00
£29.99
£17.00
£12.99
£2.99
Monthly freed up£0.00
Live surplus calculator
Essential costs (fixed)£1,176.93
Remaining debts/subscriptions£241.97
Available to save/invest£1,413.28
55.2% of income — exceptional savings rate
ISA allowance: £20,000/yr tax-free. LISA allowance: £4,000/yr (£333/mo max) with 25% gov bonus. Always fill these wrappers before a general account.
Allocation planner
Recommended portfolio
S&P 500 Index Fund — Vanguard VUSA
US equity tracker. ~10% avg annual return historically. Ultra-low OCF ~0.07%. Hold in a Stocks & Shares ISA via InvestEngine (free platform), Vanguard, or Freetrade.
£385
35%
Global All-World ETF — Vanguard VWRL
3,500+ companies across 50+ countries. Reduces US concentration risk. OCF ~0.22%. Tax-free in ISA.
£275
25%
Lifetime ISA — max £333/mo
Gov adds 25% — £1,000 free/yr. You have £599. First home under £450k or retirement at 60. Open with Moneybox or AJ Bell.
£220
cap £333/mo
Workplace pension — max employer match
Every £ you contribute to get the employer match is an instant 100% return. The single best investment available to you.
employer +
free salary
Emergency fund — easy-access savings
Target: 3–6 months expenses (~£3,500–£7,000). Marcus, Chase, or Moneybox (4–5% AER). Build this before heavy investing — without it you'll sell investments in a crisis.
£165
~21 months
Total allocated£1,100
Compound growth projector
5 years
£66k
10 years
£165k
20 years
£539k
30 years
£1.35M
Portfolio value
Amount invested
LISA bonus tracker
Annual contribution£3,996
Government 25% bonus£999
LISA balance after 1 year (incl. £599)£5,594
LISA balance after 5 years (invested at 7%)£30,812
At full contributions the LISA gives you £1,000/yr free — the best guaranteed return you'll find.
With your £1,413/mo surplus, you could be completely debt-free in 1–2 months. Do it first — the interest you're paying is a guaranteed negative return.
Your debts
Credit Spring — loanclear first
Est. balance: ~£600 · Monthly: £100 · High interest (~39% APR)
Credit Spring — monthly feecancel after
£20/mo ongoing fee — stops once loan is cleared
Overdraftclear second
Est. balance: ~£200 · Monthly: £20
DWP repaymentongoing
£5/mo — keep paying as scheduled
Debt payoff calculator
Debt-free in
5 mo
Total interest paid
£78
Freed monthly after
£200
Avalanche vs snowball
Avalanche — highest interest firstmathematically best
Credit Spring first (~39% APR), then overdraft. Minimises total interest paid.
Snowball — smallest balance firstpsychological wins
Overdraft (~£200) first for a quick win, then Credit Spring. Costs slightly more but builds momentum.
Net worth = everything you own minus everything you owe. Track this monthly — it's the number that really matters long-term.
Total assets
£0
Total liabilities
£0
Net worth
£0
Assets — what you own
Liabilities — what you owe
Starting point — add your current balances
LISA (current balance)£599 —
Car (approx resale value)
Credit Spring debt
Overdraft
Car finance remaining
Net worth over time
Log a monthly check-in to build this chart over time.
At 24 with a LISA and £1,413/mo surplus, you could realistically buy within 3–4 years. The LISA gives you a 25% bonus on up to £4,000/yr — don't sleep on it.
Mortgage affordability calculator
Max borrowing
£187k
4.5× salary
Max property price
£192k
borrow + deposit
Monthly repayment
£1,040
capital + interest
Stamp duty
£0
first buyer
Deposit builder
Deposit needed£20,000
LISA balance contribution (1yr of max)+£4,994
Months to deposit target~30 months
Max your LISA at £333/mo — after 1 year you'll have ~£5,600 (incl. gov bonus) in the LISA alone. That's 28% of a 10% deposit on a £200k property.
Rent vs buy comparison
Renting (current)
Monthly rent£500
Annual cost£6,000
10-year total cost£60,000+
Equity built£0
Flexibilityhigh
Buying (£200k, 10% dep)
Monthly mortgage£1,040
+ maintenance est.+£150/mo
10-yr equity built~£30–50k
Capital growth (3%/yr)+£58k est.
Flexibilitylower
With £500/mo rent you're in an enviable position — your outgoing is low and you're building a deposit fast. Don't rush to buy just to buy. Wait until you have 10% deposit minimum and a stable income.
Starting pension contributions at 24 is one of the most powerful financial decisions you can make. Every £100 contributed now could be worth £800+ at retirement due to compound growth.
Retirement projector
Years investing
36
Pension pot at retirement
£0
Monthly income (4% rule)
£0
+ State pension est.
~£900/mo
FIRE number calculator
FIRE (Financial Independence, Retire Early) — your FIRE number is 25× your annual expenses. The 4% rule says you can safely withdraw 4%/yr from a portfolio indefinitely.
£750,000
Your FIRE number (25× desired income)
Years to FIRE at current investment rate—
FIRE age (starting from 24)—
% of FIRE number accumulated so far0.1%
Keep investing £900/mo consistently and you could reach FIRE earlier than most.
State pension quick guide
State pension age (current)67
Full new state pension (2025/26)~£11,500/yr (~£960/mo)
NI years needed for full pension35 qualifying years
Your qualifying years so far (est.)~3–5 years
Check your NI recordgov.uk →
You need 35 qualifying NI years for the full state pension. You're on track just by working — but check your NI record at gov.uk to confirm no gaps.
£100k is achievable in 3–5 years via commission, career moves, and side income. Every £1 of side income invested compounds to £2–3 in 10 years.
Base salary
£41,500
From April 2026
Gap to £100k
£58,500
Commission + growth
Net at £100k
~£5,043
Per month take-home
Realistic timeframe
3–5 yrs
With strong performance
Total earnings simulator
Base salary£41,500
Monthly commission£2,500
Annual commission£30,000
Annual side income£0
Total annual earnings£71,500
71.5% of the way to £100k
Side income ideas — realistic for someone in sales
Sales coaching / freelance consulting
Offer 1:1 coaching to SME owners or junior reps. LinkedIn is your platform. £50–£150/hr. 2–4 clients/month achievable within 6 months.
£300–£800/mo
4–8 hrs/wk
LinkedIn / content creation
Document your road to £100k. Build an audience. Monetise via digital products (templates, playbooks), sponsorships, or courses.
£0–£2k/mo
slow burn
Matched betting (risk-free, legal)
Extract guaranteed profit from bookmaker free-bet offers using Betfair exchanges. ~£300–500 first month. Guides: OddsMonkey, Profit Accumulator.
£200–£500/mo
5–10 hrs/mo
Referral & affiliate income
InvestEngine, Freetrade, Revolut, Moneybox all pay £25–£100/signup. Post your finance journey on social and include referral links.
£50–£300/mo
minimal time
Delivery / Amazon Flex
Completely flexible. Earn £10–£15/hr. Good for a 3–6 month sprint to clear debt or build emergency fund faster.
£200–£600/mo
weekend hrs
Reselling — Vinted, eBay, Facebook
Buy low, sell higher. Start with your own unwanted items, then charity shops, car boots, clearance sales. Zero startup cost.
£100–£400/mo
flexible hrs
Model your exact take-home at any salary. Drag to £100k to see the personal allowance trap — and how pension contributions fix it.
UK income tax calculator (2025/26)
Gross salary
£41,500
Monthly take-home
£2,558
Annual take-home
£30,696
Effective tax rate
28.5%
Personal allowance (0%)
£12,570 @ 0%
£0
Basic rate (20%)
£16,430
−£3,286
Higher rate (40%)
£0
£0
Additional rate (45%)
£0
£0
National Insurance
Class 1
−£3,004
Student loan
Plan 2
−£2,049
Pension (reduces taxable income)
Pre-tax
−£2,000
Salary milestone take-homes
Current: £41,500~£2,558/mo net
Year 2: £50,000~£3,111/mo net
Year 3: £65,000~£3,746/mo net
Year 5: £80,000~£4,421/mo net
Goal: £100,000~£5,043/mo net
£125,140 (allowance restored)~£6,200/mo net
Personal allowance trap: Earning between £100k–£125,140 creates a ~60% effective tax rate. Use pension contributions to bring taxable income below £100k — use the sliders above to model this.
Goals are saved in your browser automatically. Update your balance each month to track real progress.
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Your goals
No goals yet.
Quick-add suggested goals
Emergency fund (3 months expenses)
LISA first home deposit
Clear all consumer debt
S&S ISA — first £10,000
New car fund
Holiday fund
Investment portfolio — first £50k
FIRE number (£750k)
Small financial habits done consistently beat big one-off decisions. Track daily and weekly habits to build the behaviours that compound into wealth.
This week's habit tracker
Click the day circles to mark each habit as done. Resets each week.
Habit streaks this month
Suggested financial habits
Check your bank balance daily
No unnecessary spending today
Bring lunch from home
Log any purchases over £20
Check investment portfolio
Review budget vs actual spending
Read something about personal finance
Log your finances monthly. People who track consistently save 20–30% more. All data stays in your browser only.
Log this month
Check-in history
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Portfolio growth over time
Customise WealthTrack to your situation. Changes are saved automatically and reflected across the app.
Personal details
Your nameUsed in personalised messages
Current ageUsed in retirement and timeline calculations
Base salary (£/yr)Updates overview and tax calculations
Monthly take-home (£)Your actual net pay after all deductions
Monthly rent (£)Updates budget and rent vs buy comparison
Goals & targets
Income target (£/yr)Default £100,000 — your salary goal
Retirement age targetUsed in pension and FIRE calculations
Emergency fund target (£)Default: 3–6 months expenses
Data management
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