how to live a thriftier life in London, and beyond!
You’ve decided you want to use your spare time to make some extra money- well done, that’s the first step to a better financial outlook! If you’re stuck for some side hustle ideas, this post will hopefully help you to define and decide on the direction you would like to take.
It is all well and good saying that you want to earn some cash on the side- but the reality is, it takes some time to figure out what you really want to take away from your side hustle.
…
Furlough. Up until a month ago we had never even heard of this word, and now it is popping up in almost every conversation. You’ll probably already be aware that if you are put on furlough by your employer, it means that you cannot work for your employer during this time frame, and will be paid 80% of your monthly wage by the government.
Your employer can top this up by 20% to account for your full wage, but many choose not to. A 20% salary cut will be a very tangible hit to most people’s income, so how can you make extra money while on furlough if you’ve experienced a loss of earnings?
…
Millennials. The generation that is hounded for having no money left at the end of the month, no idea about how to be good with money, and an ever increasing appetite for avocados.
But as you and I know- this is a pretty lazy typecast. One generation does not share the same financial values, and many kids of the 90s now have savings accounts and are trying to make their way in the world. I should know, I’m one of them!
It’s taken many years for me to learn how to be better with money. Some people might even go as far to say that I am now ‘good with money.’ But that all comes with time, patience, and a lot of trial and error.
This post is everything I’ve learnt about how to good with money. The things that really count for something when you are trying to make a change to your financial habits.
…
At its core, budgeting is simple- to spend less than you earn, and ideally have something left over. But as we already know, that is much harder said than done if your costs are sky high already.
Personal finance is different for everyone, because it’s just that- personal. One budgeting method won’t fit all which is why there have been a crazy number of budgeting rules and methods and schools of thought that have been founded over the years.
There are several budgeting methods which are hailed for their success- from the 50 30 20 rule which is very simplistic in its approach, to a zero based budget which requires a little more effort to maintain.
In this post we are asking: what is a zero based budget? And how could you implement it?
…
Once you have made the decision to start managing your money better, it can be tough to know where to start, and how to allocate your money to different areas of spending. How much is enough to save? How much is too much to spend on fun?
Before you drill down into exactly what you want to spend your money on each month, it can be helpful to use the 50 30 20 rule to get an overall view of where to spend your money.
It’s a simple rule that anyone can follow, to help gain better control of their finances in an easy and uncomplicated way.
…
As you are probably already aware, Chelsea is one of London’s most wealthy neighborhoods. Steeped in fashion history, The King’s Road was the birthplace of many a brand including the iconic Mary Quant- inventor of the miniskirt.
Today, this infamous street is still somewhat of a fashion mecca, and the good news is that alongside boutiques and designer stores, there are also a large number of charity shops. I’d even suggest that this route is possibly one of the best charity shop crawls in London.
…
We can all do with a little help with tracking our expenses and saving money for the future. It’s supposedly the millennial condition- we’re all useless and can’t save enough money for a house deposit.
Except, we all know that’s just not true.
Yes, saving money is harder than ever, with wages stagnating whilst the cost of living rises higher than we can ever imagine. BUT, saving money is not impossible.
If you find saving money difficult, what better way to help you than with a money saving app on your phone? Many of us spend more time looking at our phones than we do looking at anything else, and so why not use that to our advantage?
…
AD- this is a paid post in collaboration with 20Cogs
A new year, (heck, a new decade) is now stretching out ahead of us. A brand new beginning where we can focus on our financial goals, and what better place to get started than making some extra money online? Some survey sites online can literally pay you pennies for your time, but with 20Cogs, you can actually make a decent amount which you can then put towards your savings, debt, holidays or whatever you like!
…
At some point or another, all of us will have faced an unexpected bill or expense in our adult lives. For me and my partner, a big one was our 92 year old land lady deciding that she no longer wanted to rent out her flat.
This left us quickly having to pull some money together to put down a deposit, a month’s rent, and associated fees before we got the deposit back from the previous flat- all before pay day.
It was a tough and unexpected change, but we were fortunate enough to have some money stowed away for this eventuality- our emergency fund.
…
AD- this is a paid post in collaboration with 20Cogs
I don’t know about you, but I love to make extra money online from the sofa. There is no better feeling than earning some extra cash whilst you watch Netflix or the next episode of a TV series you’re addicted to- it’s multitasking at its finest!
I’ve recently signed up to try out 20Cogs (Cogs stands for Competitions, Offers, Games and Surveys- geddit?) which is yet another way to side hustle from the sofa and make extra money online.
Whether you’re hustling away to make some extra money to pay off debt, save for a holiday or to finally get that facial you’ve been promising yourself, 20Cogs could be a great addition to your money-making schemes.
…