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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…
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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,…
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FIRE – What in the world does that mean?
“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 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 the hell is FIRE? 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 the workforce long…
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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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50 Ways to Boost Your Income
The best way to save more money is to make more money! As it gets to a point where you can’t cut back anymore on your spending. So I’ve put together a list of 50 different ways you can boost your income… {Disclaimer: Please keep in mind that some of the links in this post are affiliate links and if you go through them to make a purchase I will earn a commission. I link to these companies and their products because of their quality and not because of the commission I receive from your purchases} #1 Do Online Surveys Surveys are my favourite way to make a little extra…
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Complete Breakdown of My 6 Income Sources
One of the first lessons I learnt when I started on my financial literacy journey, was that having only one source of income is not a good idea. The more sources you have, the more protected you are, the pressure of having only one source is lifted because you have others to fall back on. Currently, I am at the point where I have built up six different sources of income. Only two of them are passive at this point, but I am hoping in the future to have the majority of my sources be completely passive. #1 Student Loan This gets paid in three instalments throughout the year, but…
