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Sinking Funds – How To Calculate Them
I live by sinking funds and use them for absolutely everything possible – I’m talking holidays, Christmas, birthdays, graduation, pre-planned events – you get it! They are honestly one of the most valuable budgeting tool out there. However, when you are starting out, understanding how to calculate your sinking fund goals can be hard. Enter this blog post!! What the hell is a Sinking Fund? A sinking fund is a budgeting tool that allows you to cash flow an expense, by putting money aside in advance. You essentially add money into a “pot” each month running up to when you need the money so when the time comes you have…
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5 Ways to Spring Clean Your Finances
There is never a bad time to dedicate a few hours to spring clean your finances. Arguably you should be doing these things multiple times each year. But if you don’t have the time then at least do these once a year. So if you are reading the list and thinking “I’ve never done that!”, this is your call to action!! Here are five ways to spring clean your finances. #1 Review your system Does your current system work for you? No? Why not change it and try a new system. Are you currently using pen and paper but loose it often? Maybe a spreadsheet would work better for you.…
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What To Do When You Go Over Budget
Budgeting is basically the fancy term for making a plan for your money. There are many different methods out there but remember budgeting is not a one-size fits all – what works for me will not work for you. Everyone is in a different situation, we all have different goals, different priorities and live in different areas. For example, someone living in London will have to spend more on the essentials than me, a student living in the North West. Therefore, take inspiring from how other people budget and then adapt it to your situation and make it your own. The first time you budget your money you will probably…
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9 Cupboard Staples Everyone Should Always Have In
One of the ways that I helps me keep my food shop budget so low (£10 a week) is by making sure I always have these 9 staples in my cupboard. They are all very versatile and are often the key ingredient to my favourite cheap meals. These items tend to last a long time so having to replace them is rare. Plus it is even rarer that multiple of them will run out at the same time so if I have to replace them it won’t break my £10 budget. #1 Oil Kinda obvious but often overlooked as it seems like a given, but have you seen the price…
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How I Made £16,446 from Side Hustles
There is only so much you can reduce and cut from your budget! Eventually you will reach a certain point where to save more you need to make more. Entering the side hustle!! What is a side hustle? There are many different definitions out there but I class a “side hustle” as anything I do to make money beyond my primary source of income. Currently, my primary source of income is my student maintenance loan, paid to me by the UK government to cover all living costs. I started on my side hustle journey exactly 2 years ago, which was just after I had been made redundant from my job…
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April Money Round Up
New month means it’s time to reflect on last month’s spending and earnings! Like all of my monthly money round ups – I will go through every penny out and in of my accounts this month. As well as my net worth progress – spoiler this was a BIG month for my net worth 🤩 Why do I share this? I know it might seem weird to share this on the internet but I truly believe in creating the type of content that I love and I am currently obsessed with seeing what people spend and earn. I also believe that the best way to break the money taboo is…
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March 2022 Money Round Up
Another month can only mean one thing – it is time to reflect in a March money review! In this post I will break down every single penny I spent in March as well as everything I was paid. I will then share what happened to my net worth which was unbelievable this month!! Why do I share this? I know it might seem weird to share this on the internet but I truly believe in creating the type of content that I love and I am obsessed with seeing what people spend and earn. Hopefully you enjoy this type of content too 🤗 Context I am a full-time student…
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February 2022 Money Breakdown
2022 is flying by! I feel like the older I get the faster the years go by. A new month only means one thing… it’s time to reflect on last month’s spending! So let’s get into my February money review. February felt like a very busy month for me, both socially and academically. I literally have four weeks left of my degree – how is that possible!! – so I currently spend most of my time in the library writing essays 😅 What is a money breakdown? I started sharing my monthly money breakdowns last month because to be honest this is the type of content I like reading. Within it,…
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4 Steps To Improve Your Credit Score
A good credit score is very important if you are planning on buying a house at some point in the future! They show lenders that you are a reliable candidate to lend money to. The better your score the better interest rates you could get. You may think this is something you don’t need to worry about as a student, but this is the perfect time to start building it up! This post will run through four steps you could take as a student to improve your credit score. #1 Register to vote This is the easiest place to get started! The minute you earn 18 you need to register…
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3 Saving Funds Every Girl Should Have
These three saving funds will become your secret weapon to feel financially confident! Financial success is all about planning for the worse – pessimistic I know! But it’s better to be prepared for the worse than be faced with it and have no idea what to do. In my opinion, being prepared is even more important when you are a woman. Statistically, we earn less, invest less and are more likely to be in situations where we need to leave immediately. So, whilst these funds are perfect for anyone, I think they are more important to have if you are a woman – especially fund #3. All three of these…
