Budget & Save
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5 Things I Cut From My Budget
I’m lucky that currently I am able to save over 50% of my total income. I have six streams of income but live solely off one. Meaning, I am able to save a decent amount and could live off more. But I choose to live frugally to work towards my FIRE goals. So since I started budgeting, I have cut lots of things from my budget. Mostly because they don’t bring enough value to make it worth spending that money! Here are five of them – plus how much I have saved since cutting them
A car Having a car was the single biggest drain on my finances! They are… -
7 Student Loan Facts You Need To Know!
If your school was anything like mine, student loans were simply mentioned but discussed thoroughly. I had to do the research myself! So, I’ve saved you the time and collated 7 student loan facts that you should know – preferable before you take the loan out! It does not affect your credit score Number one of my seven student loan facts is something I think only a handful of people know! It is the number one reason I don’t consider UK student loans as a type of debt! UK student loans DO NOT affect your credit score because in theory you have no control over the payments. Your payment comes…
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January Money Breakdown – How I Spent £1,789.22
2022 is now way underfoot, one month down, eleven left!! I have decided to start sharing my monthly financial reviews in long format content rather than just on my instagram as I would find this complete breakdown more valuable than a pie chart! So without further ado here is my January money review. A complete breakdown of how I spent £1,789.22 – I do also share my income at the end
Spending #1 Essential = £1370.84 My essential spending in January can be split two separate categories – groceries and rent. I pay my rent at the start of each term, instead of monthly or weekly. In my case,… -
What is the FIRE Movement? – The Basics
“FIRE – what the hell is that?” This is the question a close friend of mine messaged me after I made a post sharing my FIRE numbers on my instagram. So I thought it would be the perfect time to make a post all about the fire movement, the most common types and how I’m approaching it. So first of all….. what is the FIRE movement? Related Content: Financial Independence Retire Early FIRE is an acronym for the personal finance movement that is seeing people living extra frugally in their 20s and 30s, investing as much money as possible so the interest is enough for them to be able leave…
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2021 Financial Review – How I Saved 50% of my Income
In the past 12 months I have moved house 3 times, opened 7 new bank accounts, crushed my little finger, started credit card hacking, read 140 books, drove the NC500, eaten my bodyweight in crisps, zip lined off a quarry in Wales, learnt to like rosé, went to my first comedy show, threw an epic halloween party, taken countless lateral flow tests and so so much more….a hell of a year! But it’s over so now its time to dive into my 2021 financial review. It feels like moments ago that I was writing my 2020 overview… seriously where has this year gone! I can’t get over the fact that…
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How I am Budgeting for Christmas
In this post, I will be breaking down my Christmas budget for 2021 and sharing all the details! At the start of every year, I start a christmas sinking fund – where I consistently add money into it so when christmas comes around I’m not scrambling to find the money to cover all christmas related expenses. This also ensures that I won’t start the new year owing myself money – I can start January fresh and ready to take on 2022 headfirst! This year, I am giving myself a £450 budget for all things christmas. We’re talking gifts, transportation home, christmas market trips, housemas (mini christmas with my uni family),…
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Personal Finance 101: Where To Begin
When I first started on my financial freedom journey, I had no idea where to begin and what to do first. I did lots of research but the majority of it didn’t suit my situation. As a full time student, my income and savings goals weren’t the norm. Knowing what to save for and where to keep this money is often the hardest part of any financial journey. In this post, I will break down step by step the basics for any financial journey. None of this is financial advise. It is simply tips from my own experience and research. #1 Emergency Fund The most common first step in most…
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How Much I Spend – Student Money Diaries #2
Back with another instalment in the student money series, where I share how much I spend as an ordinary student living in a UK city which has an average cost of living! Highlights of this week were a cocktail night and a day trip to Windermere! MONDAY No spend day!! Spent Monday working on my blog, doing reading for my dissertation and general lifemin (e.g. watering my plants and dusting my room). TOTAL = £0 TUESDAY 8am Wake up early and spend the morning working through my to-do list. 1pm Nipped to Aldi at lunchtime to pick up something for lunch and get some alcohol for later. £3.12 4pm Decide…
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7 Easy Ways For Students To Begin Investing
Investing doesn’t have to be the minefield that it is often portrayed as. In this post I will break down the 7 easiest ways to start investing as a student. And yes it is never too early to start investing. Actually the younger you are when you start, the better because of the magic of compound interesting. So let’s get into key investing tips for students. Related Articles: Compound interest has been called the ninth wonder of the world because it is so powerful. The younger you begin investing the better because this means more years to harness the power of compound interest. Why is compound interest so important? Example:…
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A Simple Guide to UK ISA’s
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A Simple Guide to UK ISA’s
ISA’s are the best place to keep your savings and a great starting point for investing in the UK. ISA stands for Individual Savings Account. They act like tax bubbles for your money, meaning that any interest gained is completely tax free. Every UK resident over the age of 18 can save up to £20,000 each tax year into one or more types of ISA’s. Tax years run from the 6th April to the following 5th April. The only exception to this rule is Lifetime ISA’s, where you can only contribute £4,000 out of your allowance each tax year. Example: You save £10,000 in a year, £4,000 into a Lifetime…
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7 Easy Ways For Students To Begin Investing
