Tuesday, 19 January 2016

How I save money by having a budget!

In this post, I want to tell you about my experience on how I save money by having a budget.

Before achieving financial independence, I was blissfully unaware of what a budget was or why it was vital to have one. In fact, even after fending for myself for a while, there was a time where I still didn't think  a budget was needed!

What a mistake that was! I used to just spend my money when I had it, where it was needed, when it was needed. No plan, no clear 'big picture'. Without realising, I was committing one of the biggest mistakes when it comes personal finance management - no budget, no plan.

I am sure many people I know, do go about life in such way, and although it might seem to work for them, it never really would've  worked for me. You see, the biggest flaw with the lack of budget or plan, is that it doesn't let us account for the real total monthly expenses.

Take christmas for example; we all know it is coming, and that it will be at the same time as it always is, and yet most of us will use one or two month's spare income to tackle it. This contributes to a last minute attitude towards any gifts, with the real potential to increase how much is actually spent.

A monthly budget where you allocate a small amount for christmas expenditure, will allow for that money to accrue over time and be available when needed! This decreases the stress related to big expenses.

I use YNAB to help me budget!

This is valid for many types of one off expenses such as: Car maintenance, Holidays, Christmas, Birthdays, Mother's and Father's day, and so forth! If, for example, you save £15 per month under "Car", you know that when the yearly MOT+Service is due, you will have £180 available for that purpose! This method has undoubtedly allowed me to have a much more relaxed spending pattern, where I don't have to stretch so thin some months, and also allowed for a much wiser use of my money, due to the increased planning time.

It also has the potential to decrease any last minute spend on credit cards, decreasing expenditure on penalty or interest fees!

I hope this is of some use to you ! Feel free to leave a comment if you agree or disagree!


Monday, 11 January 2016

How I make some extra money online - daily!

In this post, I want to tell you about my experience on how I make some extra money online - every day!

Like you, I have many times read this same statement in many fake/scam websites - so I understand if you are doubtful. But let me be clear: It is possible to make money online - but it won't make you rich. It is however, very possible to boost your income with some online based activities. I, and many others, have and continue to do so.

I suggest you use any earnings in a better way!
How do you earn some money online? There are a few different ways, and you can do the ones you prefer, or all of them - some are really not time consuming at all, others will take some more dedication.

There are companies out there, which will pay you and me for our opinion on stuff. How we like or dislike what is in the market helps such companies to better understand how to tweak their products. You might even contribute to a product you really want to actually make it to the shelves - I know I have! 

But enough general talk, here are a few of the websites and apps I use, and have 100% made real money on:

Swagbucks* - This little website is one of the simplest ones to use! Watch videos, answer surveys, play games or you can  just set it as your default search browser  for even more added £! It pays out direct into your Paypal 
or via Gift vouchers.

Vivatic* - This website can see you cash out your first £20 pay within a really short amount of time! It rewards you for filling out information, answering surveys (Many available!) and also for completing short tasks if you choose to do so! It has paid out a staggering £2,018,440.45 (2 million!) to its members so far.

Market Force* - Ever wanted to be paid to shop or eat out? Become a mystery shopper! With many different tasks across a variety of sectors, you might actually start getting paid just for going to the same shops you already go to!

Topcashback * - If you have not heard of this website, you are most definitely missing out on free money. This has to be one of the simplest methods of making money online: create an account and whenever you are about to buy something online or even sign certain contracts (such as utilities or mobile phone), go through this website and you will get money back, I know I have. It pays it straight back into your bank account.

Receipt Hog * - Click this one when on your smartphone (fum94435 will give you some starting rewards). You shop for groceries? Do so as usual, then open this app and take a picture of your receipts. It's that simple. The number of shops accepted keeps increasing and now includes many non-grocery retailers as well!

These are the methods I use the most, but I am certain there are many more out there.

I hope this is of some use to you ! Feel free to leave a comment if you agree or disagree!


*This is a referral link - it proves I do use it myself and is a good tip!