The Savvy Wallet with Ato Jay

Joining us in the booth this week are Elisabeth and Nitika who are the co-founders of Alia Money which is a fintech company on a mission to close the wealth gap.

In this episode we discuss:

• Why you need to define your life and money goals
• The cost of your life goals and how it will determine your financial/money goals
• A simple way to break down your money goals
• Why 80% of people ditch their financial goals in the New Year
• How to put systems in place to achieve your goals and so much more!

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TIMESTAMPS

00:00 – Preview

00:53 – Intro

01:29 – Meet Money Experts: Elisabeth & Nitika

05:14 – Gender wealth gap is over 7 generations

13:44 – What is a life goal & why is it important?

17:47 – How to define your life goals?

21:16 – Why you need to know the cost of your life goals? 

23:15 – We find it hard to think about our future selves 

26:58 – How to have the life goals conversation with your partner 

30:27 – Emotions people have with life goals 

34:00 – A simple way to break down your life/financial goals in 2025 

42:19 – How to talk to your friends and family about money?

46:25 – Do this if someone opens up to you about money!

47:25 – How your life goals translate to a financial plan

50:26 – Life goals vs financial goals

51:32 – 80% of people ditch their financial goals

56:18 – Reframe your expectations & money habits! 

01:01:35 – Systems you can use to help you achieve your goals

01:05:17 – Save your pay rise for your future self!

01:07:56 – Impact of the pension enrolment scheme

01:10:27 – How to spend less!

01:15:51 -How Elisabeth and Nitika improved their behaviour with money 

01:19:15 -Behavioural science and money! 

01:23:32 – How Aila money can help you 

01:27:48 – Final words

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