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How To Save With A Variable Income
Mainstream budgeting techniques and savings suggestions often ignore the fact that a lot of people have a variable income. They don’t get paid the same amount every single payday and often the paydays don’t follow a regular pattern. Therefore, it can be very hard to get into a saving rhythm. For example, a lot of finance experts suggest automation as the best technique for saving more. But this can be very tricky to implement when the amount you get paid changes each and every time. Plus it may not even be on the same date, so knowing when to set up the automatic payment for is hard. I have had…
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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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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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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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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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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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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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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…
