CategoryMoney

How to deal with transitions in life

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Transitions are inevitable in life. From the moment we emerge squalling into the world to the moment we shuffle off this mortal coil, we are faced with times of growth and change. Some changes are sudden and devastating; the death of a close friend or loved one or the sudden loss of a job. These whip through our life with the force of a hurricane, leaving grief in its wake. Other transitions are...

Why should I keep a budget? Benefits of budgeting

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Head to any personal finance blog or forum, and you’re likely to discover that one of the first things you’ll be told to do is keep a budget. Now, if you’re up to your ears in debt and struggling to pay your bills on time, the benefits of creating a budget are obvious (though likely also depressing!) But what if you’re earning enough to coast by? Why should you keep a...

Moving house in a broken rental market

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My life in housing went something like this: Live with my parentsLive at University in dormsRent a room from a friendLive with my parent-in-lawsLive with my parentsRent a 2 bed houseRent another, cheaper, 2 bed houseRent a studio apartmentRent a room in a house shareLive with my parentsRent another room in a house shareLive with my brother-in-lawLive with my parentsRent a friend’s apartment...

How to make a budget (and stick to it)

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Making a budget is fundamental to almost any financial goals you might have. Want to get out of debt? Make a budget.Want to retire early? Make a budget.Want to reduce your work hours so you can spend more time with your family? Make a budget. What is a budget? A good budget is a plan for your money. If you feel like your spending is out of control, a budget is the best way to take back control...

The five steps to financial freedom

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I came up with the following five steps to financial freedom. This isn’t a new approach – most financial gurus will advise you follow the same steps, though the emphasis on each step might be different. Why would you want to aim for financial freedom? Well, even if you love your job and enjoy going to work, financial freedom will remove a lot of stress from your life. You won’t...

15 of the best packed lunches to take to work

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There are two great reasons to take a packed lunch to work. The first is that it will save you money. Whilst the actual amount it will save you depends on what you pack in your lunch box versus what you used to spend on eating out or buying prepackaged sandwiches and salads I can guarantee that it will pretty much always work out cheaper. (I mean, unless you regularly put caviar and truffles in...

Did I manage to save an extra £500 this month?

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I set myself a challenge at the start of October: to save or earn an additional £500 to throw back into my savings. I challenged myself to cut expenses, earn extra money on the side, and generally spend less than I earned. So, how did I do? Cutting back on fixed costs: I set myself the goal of slashing some of my subscriptions. I spoke to my mobile phone provider, my broadband provider and I...

Interview with Selina from Selina Budgets

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This week we have something a bit different! As October comes to a close, so does my month of money. I’ll let you know how I did in a few days, once I total everything up. But, after that, I’ll be taking a break from writing about personal finance and writing about other things. However, some of you may want to know even more about budgeting, saving money and getting your personal...

Christmas Gift Guide for those on a budget (Updated for 2019!)

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Christmas! Whether you embrace its flash and glitter, cherish its warmth or find it all a bit much… there’s no denying that it comes around every year. And every year lots of people spend too much money, and come January are deeply regretting the impulse purchases and last minute presents. As with all occasional but predictable expenses there are a few things you can do that will...

How to spend less than you earn (and why you should)

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Money is hard. There. I said it. In theory, it’s very easy. They key thing is to spend less than you earn. However. In reality, we don’t have total control over how much we earn. And we all need to spend money to survive. If we consistently spend more than we earn, we go into debt, and eventually end up bankrupt. If we consistently earn more than we spend, we eventually build up...

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