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July 2022 Money Review
Here we are again! Another month gone, another money roundup. Time for a July money review. Scary how fast this year is going by – soon it will be Christmas again! 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 couple of months! 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…
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June 2022 Money Review
June has simultaneously felt like both the longest and the shortest month ever. I cannot get my head around the fact that we are already half way through 2022, how is that even possible!! However, it is one of my favourite months of the year as it’s my birthday, the days are longer and brighter and the sun occasionally makes an appearance. But without further ado, lets get into it! 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…
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May 2022 Money Review – I spent how much?!?
Well what do we have here? A May money review! It’s about time 😂. It’s only taken me about three weeks to finally sit down and write this up but you know what they say better late than never right! 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 couple of months! Why do I share this? I know it might seem weird to share this on the internet…
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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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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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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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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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3 Simple Budgets to Try
Have no idea where to start and how to adopt a budget – read on and try one of these simple budgets. Budgeting may seem like a mindfield to some, but it doesn’t have to be. Most people see budgeting as restrictive and boring, I want to change this misconception. Budgeting is a great way to make sure you are spending money on things you actually value rather than getting to the end of the month having no idea where all your money went. Below are three simple budgets to adopt to make sure you are getting the most out of your money. Already got your budgeting down? Why not…
