money

on matched betting

As I alluded to in an earlier post on side hustles, we began matched betting in June at the beginning of the World Cup as a way to boost our savings. A (lucrative) time suck The headline takeaway is that it’s been lucrative – we’re up to about £2,500 in earnings (from middle of June to middle of October) but that it’s also a massive time suck & I actually don’t think many people who…

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money

on side hustles

A long standing debate amongst the financial independence community seems to centre on the topic of whether it takes high income or frugality to get you to FI quicker. Having been immersed in the pursuit of financial freedom for over 2 years now, I’ve come to the conclusion that frugality definitely helps the process but a high income will inevitably make the dream more of a reality – for us at least. hustle your way…

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money travel

on avoiding card fees on holiday

The flights are booked, the hotel room reserved and the case is packed – it’s holiday time! And in this wonderfully modern age we live in, gone are the days where you need to travel with travellers’ cheques or a whole stash of foreign currency. plastic fantastic Today, you can get away by jetting off with just some plastic in your purse. However, these aren’t your ordinary bank cards – 9 times out of 10…

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money

on saving money and the environment

I’ve always been an environmentalist at heart. When I was about 8 or 9 I felt so strongly about environmental issues that I wrote letters to both the Queen and the Prime Minister (John Major at the time) about how worried I was about the ivory and snakeskin trades. I’m not sure if I thought they’d be compelled to do something about the matter after reading 1 little girl’s letter, but I just felt the…

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money

on money and relationships

Money and relationships. There’s not many things that can be so divisive between a couple. But, just like there’s more than one way to skin a cat, there is definitely more than one way for couples to manage their financials. The folks over at the Money Advice Service also have a very useful guide to money management for couples. From talking over the years with family, friends and colleagues, the 3 most common scenarios for…

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money

on workplace sharesave schemes

I think it’s fair to say saver’s have struggled with the historically low interest rates the UK has had for over 8 years now. For borrowers – mortgages and personal loans have seen very advantageous rates and deals but for saver’s… not so much. From easy access savings accounts, ISA’s, NS&I bonds and stock market investing, there are plenty of places people can stash their cash to try and grow their net worth. But with…

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money

on paying off my student loan

In 2017, I paid off my student loan *cue wild cheering*. I took the unconventional route and actually paid off the remaining balance as a lump sum. the balance I had a total of £13,631.01 coming out of university in September 2008. I was on plan type 1, for people receiving loans on or before September 2012. Once eligible to begin repaying your loan, your repayments are 9% of your earnings above the threshold that is…

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money

on a tale of two millennial couples

In romantic relationships, they say opposites attract. But I’d wager to suggest you can apply that to friendships too. Certainly in our experience, we have very close friends (let’s call them John & Jane) who are very different to us when it comes to money. In many ways we are so similar which makes this such an interesting case study.   different approaches Based on our time living in the same city as John &…

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money

on emergency funds

Better to be direct than to beat around the bush – you need an emergency fund. For real. Not just in the hypothetical sense of “oh, it really would be prudent of me/us to have some money put aside just in case something were to go wrong”. In the actual “we need to take control of our finances our ensure we have enough money to live on should a mini disaster hit our lives”. This…

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money

on budgeting

Financial independence is a pretty ambitious life goal. Particularly when, like us, you started from a base line of zero wealth or assets with no family money to trickle your way. Budgeting money, therefore, becomes pretty high on the agenda as a way to track your progress and keep you on the straight and narrow. That said, everyone should take budgeting seriously but just like lives differently, everyone budgets differently. So, how do we budget? recording…

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