A former banker who spent 25 years at JP Morgan and Goldman Sachs has shared a simple three-step money-saving method she claims saved her thousands of pounds. Charlotte Ransom, now CEO of wealth management firm Netwealth, says the approach is a “total game changer” for personal finances.
Ransom advises splitting money into three pots. The first, called the “liquid base,” is your current account for salary and monthly bills like rent, mortgage, and groceries. The second, the “sleep well core,” includes investments such as ISAs and pensions for steady medium- to long-term growth.
The third pot, dubbed the “passion play,” allows for riskier, high-upside investments. “It’s exciting and rewarding but you can’t bank on it for day-to-day living,” Ransom told The Times. She emphasised that keeping too much cash in the first pot means missing out on wealth-building opportunities.
Ransom admitted she had not organised her own pots for years before taking control. She believes the framework eases financial worries and provides greater freedom. The advice comes as Martin Lewis issued a “tax rise alert” following the Budget, warning savers about higher taxes on interest from April 2027.
