The 50 Most Important Signs of Financial Freedom Revealed – Including Mortgage Paid Off And Debt Free | Personal finance | Finances

Not being afraid of your account balance, just like flying in first class – and being able to buy branded products instead of own brands.

But more than half of adults (53 percent) don’t think they will ever be financially free.

A Barclays spokesman who commissioned the study said: “Getting to a point where you no longer have to worry about money may seem like a pipe dream, but there are steps you can take to help you to get there.

“The earlier in life you can start saving, the sooner you will achieve financial freedom.

“But even for those who realized a little later in life that they need to take control of their finances, it is possible to achieve that balance.”

The study also found that the average adult who believes they will eventually achieve financial freedom thinks they are almost 12 years away from it.

Other important signs of financial freedom are the ability to take care of yourself, not have to work full time, and have the money to do home improvement without having to save.

For almost one in ten, however, he wishes nothing more than to be able to buy his team’s new football shirt as soon as it appears.

One in four adults fear not saving enough each month to meet their financial goals, while 12 percent don’t know how to most effectively manage their money.

And on average, the British would have to earn just under £ 60,000 a year not to worry about money.

Two-thirds also think that for them financial freedom does not consist of achieving all of their financial goals – they can still feel this simply by feeling like they are in control of their money on a daily basis.

To achieve this, according to the study conducted through OnePoll, 21 percent made a conscious effort to understand where their money goes each month.

The same crowd try not to compare their financial situation to that of others, and 19 percent find it helpful to have clear financial goals.

The Barclays spokesman added, “Financial freedom doesn’t have to mean you have enough money in the bank to buy what you want.

“You can feel free financially and still have certain goals to accomplish, like paying back your mortgage or even doing things like car payments.

“Really, what we found in this survey is that financial freedom is very much a state of mind – something tangible for one may not work for another.”


  1. Before you start paying off your debt, take a step back and think about how much you owe in total, when, ideally, you would like it paid off, and how much you can afford to repay each month.
  2. Now, if you set aside small amounts and slowly increase the amount, you can get your journey started. Savings Challenges can help build your fund such as the 52 Week Challenge where you deposit £ 1 the first week and add £ 1 each week, leaving you with an impressive £ 1,378 in savings by the end of the year. Tools like the Barclays Savings Goal tool can help you track your progress.
  3. If you’re saving for longer term goals like retirement, children’s education, or future financial freedom, it’s worth considering an investment. If you are unsure where to start, many banks and / or investment platforms offer “ready-made funds” based on your level of risk and managed on your behalf.
  4. By using the monthly disposable income or extra money from a raise or bonus, you can reduce your mortgage balance faster and thus make significant long-term savings on the interest you pay.
  5. Write down all of the things you think you really want to spend money on, then compare that to what you are currently spending money on during the month. This should give you an idea of ​​areas where you could potentially cut back on spending since you wouldn’t be paying for it today.


  1. Have no debt
  2. The mortgage is paid off
  3. I am confident that I will be able to cover any unexpected costs
  4. I feel like I have my finances under control
  5. Save money every month
  6. Have disposable income at the end of the month
  7. Pay all bills in full every month
  8. Put savings aside for rainy days
  9. Don’t worry about when it’s payday
  10. Pay for things without checking your bank balance first
  11. To be able to enjoy the lifestyle I want without having to worry about money
  12. Being able to indulge in things carefree
  13. Don’t be afraid to check your bank balance
  14. Don’t count down the days until payday
  15. To be able to self-medicate without having to worry about my bank balance
  16. Can go on vacation spontaneously without having to save beforehand
  17. To be able to make improvements to the home without having to save
  18. Quitting being able to work full time
  19. Owning property instead of renting
  20. I feel more secure about my future financial situation
  21. Car is bought directly
  22. I don’t feel like I need to check my account balance regularly
  23. You don’t have to pay attention to the price of things when shopping
  24. On the way to early retirement
  25. To have enough money to live my dream life
  26. To be able to treat my family and friends
  27. To be able to choose anything from the menu while eating and not worry about the bill
  28. I feel like I can give my family a better life
  29. No compromises when it comes to gifts for Christmas or birthdays
  30. Have more than one vacation abroad per year
  31. Be able to buy a round without worrying about money – or what people choose
  32. Go to restaurants regularly
  33. No need to wait for sales to buy desirable items
  34. Routinely staying in four- or five-star hotels
  35. Spontaneously splash on something you don’t really need, e.g. a fancy air cooler, a classy floor mop
  36. Fill your car completely with fuel instead of just a few pounds
  37. Owning more than one property
  38. Can fly in Business Class or higher as standard
  39. The possibility of taking the children / grandchildren with you for many days
  40. Do the grocery store in a high-end supermarket
  41. If you can take your parents out to dinner
  42. Regular visits to the hair salon / barber
  43. Have a cleaner
  44. To be able to buy the latest television
  45. Don’t have a student loan
  46. Buying branded products instead of own-brand items
  47. I never look in my closet thinking I have nothing to wear
  48. To be able to buy designer clothes regularly
  49. Have multiple TV subscription packages
  50. Have your own bathroom

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