“New year, new me!” How many of us have uttered those words before? While it’s great to feel motivated in January for a year better than last, putting that into practice for all 365 days is hard work.
Organising finances is something many of us do at the start of the year. It’s the best time to do it, too. If you set yourself up well in January, it can have a ripple effect for the whole year. Now is the time to sort your PPI Claims, open that savings account and declutter your home to sell old stuff for extra cash.
There are a few ways to bring in cash when needed. But, we’ve listed three of the very best ways — from saving just a penny, to making a PPI claim — to to get organised with your finances and long-term solutions for the whole year.
If you’re planning to have children, you need to know what to expect. While most parents talk about the reduced sleeping hours – and you will truly have to function on two or three hours a night in the beginning – not everybody is completely honest about the costs inherent to raising a child. Bringing up a child in the UK costs more than the average home, according to the Centre for Economics and Business Research.
Ultimately, as a parent, you need to be prepared for a cost of over £230,000, which includes childcare and education until the age of 21. If you compare in terms of household budget, proportionally a British household will spend nearly 40% of their net incomes on raising a child. Of course, the more children you have, the more expensive it’ll be – although, thankfully, one household with two children spends less than two households with one child each.
Unsurprisingly, the costs vary depending on where you live in the UK. However, you’ll still be paying well over £200,000 to bring up a child everywhere in the country.
In other words, there’s no secret to cut down the expenses. But there are ways to maximise frugal living to make sure that you don’t break the bank!
Each child costs a quarter of a million
For 2018 I want to share with you all my thrifty tips and how you can save money and of course try new things. Each Thursday I will share something with you that I regularly do to save money in our household. Saving money this year is a big must on the agenda due to myself being on maternity leave later on in the year.
Here is the first Thrifty Thursday post for 2018!
I love to try new things. A few months back I discovered an app called Shopmium that let you do just that – try new things. It’s easy to use trust me! While I’m browsing around the supermarket I get my phone out and check out what I can try this week. My husband loves to see what I’m bringing home next with the weekly shopping! Although he wasn’t too fussed with the Chickpea snacks I got the other week!
We all know that looking for work can be like a 9 to 5 in itself. The process of finding a job can be incredibly time-consuming with all the research involved, the carefully tailored cover letters and the continual tweaking of our CV’s. It certainly is a demanding process and takes resilience, persistence and determination.
Along with the stress of applying for jobs is the anxiety that we currently don’t have an income. The negative strain this can put on us can often lead us to make hasty decisions when applying for jobs that perhaps aren’t right for us. Or may lead us to making silly mistakes in important applications due the financial stress we are under.
Our house is on the market right at this moment, and we have been saving for a few months now because moving to a new home can be frighteningly expensive. The good news is that there are all sorts of things that you can do to save money and reduce your outgoings.
Check out these ideas.
If there’s anything simple and humble that we all want from life, it’s financial freedom. You’ve most likely had horrible days where debts are creeping up on you, your utility bills need to be paid and you’ve just had to repair your car because you couldn’t get to work. Those types of situations can break us, but it’s what we do afterwards that matters the most.
Do you give up, break down and stay at home, or will you get up and put yourself back on the right track?
Happiness in life lies within our situation. When we have nothing to stress about and no financial worries, we achieve a true state of happiness and we can live our lives in peace. A bit of danger and a bit of excitement adds spice to it, but we can probably all agree that the fewer problems we have, the happier we will be.
If you want to achieve financial freedom and live happily with frugal practices, then here are a couple of tips that will help you live the lifestyle you want.