-
9 Actually Passive Income Ideas – Make Money In Your Sleep
Making money while you sleep is the dream right!? But often passive income ideas aren’t actually passive at all rather residual income. Take blogging for instance, which is often suggested as a passive income stream. Well as someone with a blog, it is far from passive! It would be better classified as an residual income stream as the money often still rolls in long after the initial work is done. True passive income should be almost set it and forget it and then watch the money come rolling in, right! So with that in mind, here are 9 actually passive income ideas, the set it and forget it type… {Disclaimer…
-
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…
-
Income Streams – Here’s What I Found Out From Having 20 Of Them
I remember back in 2020 when I first discovered the personal finance community and this crazy world of online side hustles hearing about how the average millionaire has 7 income streams and thinking “wow! I want that”. Then I started testing out online (and the odd offline one) side hustles and somehow ended racking up 20 different income streams and I’m far from being a millionaire. And I have learnt a fair few things alone the way. Want to see a full breakdown of all 20 sources and exactly how much they brought in in 2023 – read this article. For now, let’s get into the what I’ve learnt from…
-
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…
-
8 Ways To Stretch Your Travel Budget Further
Travel can be super expensive and this often makes it feel completely unattainable to most people. Well I’m here to hoping prove you wrong! Just last year, I spent 8 months travelling through 11 different countries and spent just over £5,000 in total. For everything! There are things you can do to stretch your travel budget and be able to explore the world on a budget. Let me share 8 of these ways with you today… Look into free accommodation options Accommodation is often the biggest section of your travel budget and it doesn’t have to be! Look into free (or cheaper) accommodation options; like housesitting, work away, volunteering, couchsurfing,…
-
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…
-
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…
-
5 Easy Steps To Save For Your Next Adventure
Have big dreams of travelling the world? Want to step foot in every country? Have plans to backpack South-East Asia? Inter-rail across Europe? Have all these grand plans but no idea where to start saving for your next adventure? This is the post for you! Here’s a simple five step process to save for your next adventure… Do your research The first step before you can save, like with anything, is the research phase. Research where you want to go, how long for and then infer from this how much you reckon you’ll need to cover the adventure. Blogs and vlogs are a great (and free!) resources to start your…
-
How To Save Money On Subscriptions
Netflix, Spotify, Disney+, Amazon Prime, oh and don’t forget about Kindle Unlimited – subscriptions can add up very quickly and before you know it you’re paying out hundreds each month for something that is often seen as an essential but is simply entertainment. But you don’t have to settle for paying full price. Here are a few tips & tricks on how to save money on subscriptions… Get A Family Account Whilst more expensive in terms of the money value, Family Accounts are often cheaper than multiple individual accounts. Grouping together with a few others and getting a Family Account then splitting the cost can work out cheaper for everyone.…
-
9 Big Goals I Want To Achieve In 2024
Setting yearly goals has been something I’ve done consistently for the past 4 years and 2024 is no different! I’ve set around 30 goals that I want to achieve over the next year but they can be narrowed down to these 9 main goals… READ 100 BOOKS I set the same goal last year and ended the year on 159 books finished. I did consider upping my reading target for 2024. However I foresee this year being a little bit busier than last year so I’m sticking strong at 100 books. That’s an average of 8 books a month which sounds incredibly doable. TRAVEL TO 10 NEW COUNTRIES I have…
