money

on attitude (and saving £30,000 in one year)

Attitude is everything when you’re trying to achieve something – particularly if it’s fiscal in nature. Paying down debt or saving a hell of a lot of money requires the right mindset. Having the right attitude, when you’re trying to save money is equally as important as the physical act of transferring money into your savings account each month. Prior to the initiation of our plan for financial independence, we’ve had one other significant savings…

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money

on subscription boxes: silent savings killers

There’s something out there that’s silently crushing your ability to save. It’s superfluous and a complete money drain. What am I talking about? Subscription boxes. It started with one or two but has simply proliferated into obscenity. There are so many subscription boxes on the market. what the heck am i going on about? For a monthly fee you can receive a small box of pretty much anything of your choice. Food, alcohol, beverages, beauty,…

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money

on the habits of a perpetual saver

I need some new tights and socks. I’m down to my last 2 pairs of everyday socks as I’ve worn through holes in 3 pairs in as many months. Same with the tights, holes popping up all over the place. Why am I telling you this, dear reader? Well, this example I’ve come to realise, says a lot about me. More specifically, it says a lot about my spending habits (ergo my saving habits). Almost…

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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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