Budgeting
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24 Valuable Sinking Fund Ideas For Your 2024 Budget
Sinking funds are a great tool to have in your budgeting arsenal. They are essentially a pot of money that you save with the intention of cash flowing either a pre-determined or foreseen purchase. You can incorporate them into your budget a bunch of different ways and for an unlimited amount of reasons. To get some ideas going, here are 24 sinking fund ideas for your 2024 budget… Christmas 2024 It’s never too early to start saving for Christmas! If you celebrate, this is an expense that crops up at the same time every single year. So get organised early. The sooner you start putting money away to cover your…
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4 Ways To Incorporate Sinking Funds Into Your Budget
The classic use of sinking funds is adding the same amount each pay check until you reach the goal. But what if I told you this isn’t the only way to use them. Sinking funds, like all budgeting tools, are meant to be adapted to fit you and your personal budget. It’s not a one size fits all. Great news for people with a variable income!! Now you might be a little confused and have no idea where to begin or how to change the concept. So let me show you 4 different ways you can incorporate sinking funds into your budget… Put money aside each month to cover annual…
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5 Reasons Why Credit Cards Are My Favourite Payment Method
I am 100% team credit card for a number of different reasons. And today I’m going to share five reasons behind why I try and pay with a credit cards for everything possible. Warning: credit cards are an amazing financial tool if used RESPONSIBLY!! Don’t charge things to a credit card that you can’t afford to pay off IN FULL!! This article is talking about how I use credit cards as a financial tool. I have never carried over a balance, missed a payment or paid a penny of interest in the four years that I’ve been taking advantage of credit cards! Ok with that important warning out of the…
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The Best Classic Budgets To Test Out
Budgets are the cornerstone of any financial journey but they are not a one size fits all. There are a few suggested methods pushed around out there which are the perfect place to start. Then once you have a better understanding of how your money flows and the best budget for you, you can customise your own budget. The best place to start would be by testing a few of the classic budgets out there to see what you like and what you don’t like. Here are three classic budgets to try… 50/30/20 50% for needs, 30% for wants and 20% to savings. This is what the 50/30/20 budgeting rule…
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Income System – How I Deal With Multiple Income Streams As A Full Time Freelancer
I entered the crazy world of freelancing at a very strange time in my life. I was on a gap year housesitting my way through 11 countries and living off a pot of money I had saved during my third year of uni. So I never had to really think about what to do with the money I was earning on the side. It kinda just haemorrhaged towards whatever the priority was that month. But when I got back from my fab year abroad with the crazy thought that I could just keep going, I had to use the money I was earning more effectively. I would spend hours each…
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October 2023 Money Review
After almost a year, I’m back with another money review woo! This is my first full month post-gap year and I’m feeling a lot better about my situation than I did last month 😅 I’d always assumed that I’d find a “normal person” job once I got back from my year of travel but the closer the end got the less and less this idea appealed. I LOVE the flexibility and randomness of the life I’ve built over the past year and I have found a way to extend it and kinda just keep going – temporary seasonal work!! These types of gigs usually last a couple of months, often come…
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I Saved 63% Of My Income – 2022 Financial Review
2022 has been a wildride. I graduated, read 115 books, wrote a 10 thousand word dissertation, went to 2 weddings, ate countless bags of crisps, spent 48 hours on a train, saw my first west end show, slept in an airport, started housesitting for strangers off the internet, spent 7 weeks in the US, experienced an ice storm and so so much more… hands down the best year of my life to date!! But it’s all over and you know what that means! It’s time to review every penny I earned and spent over the year. Why are you sharing this? You’re probably thinking it’s weird to share all of…
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September 2022 Money Review
One month down, only eleven left of my gap year! Crazy how fast time flies when you are professionally unemployed 😂 But the end of the month means only one thing on this blog – time for a September money review! September did not really go to plan but I made the most of the situation. I ended up staying an extra two weeks with my parents because a housesit got cancelled. This was one I had organised with a friend so I wasn’t covered by any guarantee like I am when I housesit through Trusted Housesitters. But this meant for a very cheap month. This will be the last…
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How To Save With A Variable Income
Mainstream budgeting techniques and savings suggestions often ignore the fact that a lot of people have a variable income. They don’t get paid the same amount every single payday and often the paydays don’t follow a regular pattern. Therefore, it can be very hard to get into a saving rhythm. For example, a lot of finance experts suggest automation as the best technique for saving more. But this can be very tricky to implement when the amount you get paid changes each and every time. Plus it may not even be on the same date, so knowing when to set up the automatic payment for is hard. I have had…
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August 2022 Money Review
August has been a busy month for me! I left both of my jobs, moved out of my uni accommodation and moved back in with my parents – temporarily! Just until I leave for my year-long trip housesitting around the world. Let’s get into my August money review! More on that in another post, for now let’s get into August’s numbers. What is a money review? It is where I share reflections on my finances from the previous month and detail every penny in and out. I find doing this at least monthly is a good way to stay connected to your finances. Plus, I love reading them back in a…
