What should you do with your first payslip? How much should you be paying into your pension? And how do you balance saving for a house, travelling, and enjoying life in your 20s?In the first episode of our new life stages mini-series, Matthew and Joe explore the key financial priorities for people aged 18-30. From understanding tax, National Insurance and workplace pensions to building an emergency fund and saving for your first home, they discuss the foundations that can set you up for long-term financial success.Using a practical case study, they examine how to prioritise competing goals such as paying off debt, building savings, travelling, and planning for the future, while highlighting why good financial habits matter more than getting every decision perfectly right.Whether you're starting your career, helping a son or daughter navigate their finances, or simply looking to refresh your knowledge, this episode offers practical guidance on making informed financial decisions in the early stages of adulthood.In this episode:Understanding your first payslipTax, National Insurance and workplace pensions explainedThe value of employer pension contributionsBuilding an emergency fundSaving for a first home and Lifetime ISAsCash savings vs investing for shorter-term goalsProtecting your income and future earning potentialFinding the right balance between saving, spending and enjoying life--CHAPTERS00:00 - Introduction03:10 - Understanding Your First Payslip09:22 - Time Is Your Superpower10:45 - How Should I Be Using My Money15:30 - Saving For The Long Term22:47 - How Do You Protect Yourself?24:55 - Case Study: How to Prioritise28:31 - What Matters Now and What Can Wait?--LIVE Q&AJoin our next live Q&A by registering on our website:https://www.retirewellpodcast.co.uk/events--TALK TO USCall us: 0191 384 1008Email us: [email protected]: www.retirewellpodcast.co.uk--SUBSCRIBE TO OUR NEWSLETTERwww.retirewellpodcast.co.uk---Wealth of Advice are authorised and regulated by the Financial Conduct Authority, reference number 563909. Past performance is no guide to future returns. Your investments can go down as well as up, so you may get back less than you originally invested. This video is for educational purposes only and is not personal financial advice.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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