Your Money Hive

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Your Money Hive

I'm a money mentor helping you understand your finances better and making your money go further.

23/07/2024

You probably think that having a very strict budget is great as it means you will stick to it but, without any wiggle room you are already setting yourself up to fail.

If your budget is too rigid there are a few problems that can occur including:

1. If you haven't factored all your costs in then you will have no choice but to break your budget, as you still have things to pay for.

2. If you do not factor in any "fun" money then your strict budget will make you hate it. You need some treats/things to look forward to to help you stick to your budget.

3. You start to feel your budget is suffocating you.

So whilst a budget is great you need to be able to have some movement in it, in order to help you feel motivated by it and to help you stick to it.

Do you want to know more on how we could work together to help you build a better relationship with your money? Drop me a message today for more details.

22/07/2024

Another reason you may be struggling to stick to your budget is because your heart isn't in it.

If that is the case, then you need to revisit my previous posts to understand what your money goal is and to understand what is the timeframe to achieve these.

The reason being, is that without any context budgeting and saving is great but you need clarity to keep you going and help you stick to it.

I mean lets be honest you can save as much money as possible but if you are saving “just because” and not for e.g. that holiday you want to go on, then it will be easy to ignore your budget.

Once you have a goal, aim and a timeframe of how long it will take you to save for that holiday (or whatever you are wanting to achieve), you will be surpised the motivation it gives you to keep going.

21/07/2024

Once you know what you want to achieve AKA your money goal, next you need to work out how long it will take you to achieve this. So, how long will it be before you have the money you need, for your goal.

This will help you in a number of ways – it will help you stay motivated and keep you on track, as you know in e.g. 12 months your credit card debt will be paid off.

Remember, to make sure it is actually achievable, otherwise you are just setting yourself up for disappointment and the the whole cycle starts again in terms of you struggling to stick to your budget.

You also have a clear understanding of why you are budgeting and what you will achieve, giving you purpose and something to aim for. Plus as you know your goal achievable, you are more likely to stick to your budget.

20/07/2024

If you have not worked out your money goal then this is the crucial part of working out what you are trying to achieve with your money.

From saving to go on holiday, to seeing what bills you can reduce to pay off debt - there is no right or wrong answer!

But by having a clear idea of what you are wanting to gain with your money, this will help you stick to your budget, as you then know what you are trying to accomplish.

Also another way to make sure you stick to your money goal – write it down – add it into your budget so you can see clearly what you want to achieve and how much you are putting aside each month to reach that goal.

17/07/2024

Why am I struggling to stick to my budget?

I often hear the people say

“I have a budget, well sort of, I kind of stick to it.”

》Do you have budget but struggle to stick to it?

》Have you heard yourself say the above phrase?

It is easy to create a budget, think you have it all planned out, then the first month passes, then the next and then another but you just can't seem to stick to it and you don't know why.

You then decide that budgeting isn't for you as it clearly doesn't work.......

BUT IT DOES!!!

and I will be sharing my top tips on why your budget isn't working for you and why you are struggling to stick to it.

11/07/2024

An interesting article from the BBC about a study from Bristol University.

Saving money regularly can help you sleep better and reduce your anxiety.

See the article link in the comments.

Do want help to create better habits with your money and start your journey to reduce your anxiety? Drop me a message to see how I can help you.

03/07/2024

I can take you from worried and stressed about your finances to calm and in control in 3 weeks.

Drop me a message or comment "money" below, to find out more about my Money Makeover course.

02/07/2024

Have you ever felt really stressed, as you have a lot of things to do and so much to remember you start to worry you will forget things?

What has been the best way to help you deal with this in the past? It sounds simple but I bet you made a list and straight away you felt things were more manageable.

You were less worried and stressed about what you were dealing with, as you felt more in control. You could then break down what you needed to do into smaller chunks, to deal with things in a clear way.

Now this is what a budget will do, it will give you a clearer picture of your overall finances, helping you feel less worried, stressed and you can finally stop the fear of checking your bank account.

With the Money Makeover course I work with my clients to help them understand their monthly, quarterly and yearly costs, meaning they have a really clear and thorough picture of what they are dealing with in terms of their outgoings. This then helps reduce unexpected bills as you are planning your finances in advance instead of after you have spent your money.

Want to know more of how I can help you achieve this – drop me a message or comment “Me” below.

01/07/2024

Do you worry or panic when you have to check you bank account,as you can never quite remember if you have more direct debits left to pay, or what else you need to pay out for?

There is nothing worse than worrying about logging into your account - or do you just ignore the elephant in the room and put off checking your account, to save you having to check and hope for the best?

By having a budget this helps you have a clear understanding of your finances, so you can reduce that panic and fear of checking your account. As we all know that pretending everything is fine, only lasts for so long.

So what are you waiting for – let me help you reduce your worry and fear of checking your account.

Drop me a message for more details on how I can help you do this.

30/06/2024

How many times have you been stressed about money in the last 3 months?

Have you ever lost sleep worrying about your finances?

You are not alone – as 47% of people started 2024 worrying about their money – that's a whopping 24.9 million people!

So how can a budget help you feel less stressed and worried?

Having budget helps you to worry less as you have an understanding of what bills are due and when. It might seem simple but by knowing your monthly and yearly costs you have less surprises, meaning you are in control of your money.

I can't wait to help you feel less stressed about your finances.

Drop me a message to find out more about my Money Makeover course, and I can take you from worried to calm in 3 weeks.

29/06/2024

We've all been there, it's the beginning of the month, you have just been paid and you decide you will treat yourself to that new pair of jeans you have been looking at – great you can finally get them!

A few days pass and you check your bank account and then reality hits.........

You forgot you were getting your hair cut and also needed to pay for your car tax, so out goes the idea of getting those jeans you wanted - so they will just have to wait another month.

BUT it 𝐝𝐨𝐞𝐬𝐧'𝐭 have to be this way!

By having a budget you can easily create yourself a true reflection of what your outgoings each month, meaning you understand your finances better

This in turn means you have control over your finances and situations like the above reduce. You know what you are paying out for each month and that is a great feeling to have.

Do you want to feel in control of your finances? Message me today to find out more of how we can work together to help you achieve this.

28/06/2024

I often hear that a budget is just a document telling you where you can't spend your money but in reality it is the opposite.

A budget shows you what you 𝐂𝐀𝐍 spend your money on, as you understand your outgoings and know what you should be paying for each month.

So what can a budget help you achieve?

Over the next few days I will share details on what budgeting can help you accomplish - follow for more!

27/06/2024

An interesting article about the number of adults who, back in 2021 had less than £100 In savings.

It would be interesting to see what this figure is now with the increase in costs everyone is facing with food, utilities,rent/mortgage increases etc.

26/06/2024

Hello!

I am Sarah – a money mentor who can help you ease your money worries and stress by being in control of your finances.

but what does being in control of your finances actually mean?

I work with you to understand your outgoings monthly and yearly better, so you have a true reflection of your spending not just day to day or monthly, but also yearly.

By having that full understanding of your financial commitments over a year, this gives you the best opportunity to be as prepared as you can, meaning you have less surprises,, worry and panic when it comes to your money and spending.

Through the Money Makeover course, I can help you create your money fund and also help you make your money go further for your everyday spending too.

Are you interested? Then comment “me” below or drop me a message for a more detailed breakdown of the course.

25/06/2024

A great client testimonial about the Money Makeover course.

■ Are you looking to get a better grasp on your finances and create your budget?

■ Do you already have budget but know it needs updating?

■Would you like some tips and ideas on making your money go further?

The money makeover course is the perfect way to get a great grasp of your finances.

Want to know more? Drop me a message today.

13/06/2024

Do you hate opening your online banking app, or looking at your account?

Are you feeling like you do not have as much control over your money as you would like?

Then I can help you!

I can take you from feeling stressed and worried, to feeling in control of your finances .

Comment "help" below or drop me a message and I will share more details of how I can help you.

05/06/2024

Understanding where to start with your budget can be confusing so here are my top 3 tips to start your budget and to stick to it.

1. Understand your outgoings.

This is the vital part of understanding your finances better. If you do not know what your outgoings are, then you cannot have a clear picture of your monthly spending.

Having an understanding means you can see what you can do with your money, helping you feel in control.

2. Track your expenses

Whether you want to use a budgeting app or pen and paper tracking your expenses and what you actually spend, really helps you to see where your money actually goes.

3. Review your budget regularly.

Once your budget is created you will need to review it regularly. This will ensure your budget is up to date and covers any costs which have increased. Review your budget at least 2 times year and especially in March when your bills such as council tax etc. increase.

Do you need help creating your budget or knowing where to start? Drop me a message to find how we could work together.

26/05/2024

Have you found these posts useful? Click that follow button and join the Money Hive group in the comments.

See you there 🙂

25/05/2024

You can visit lots of free places such as parks, forests and playgrounds, great if the weather is nice but what about when it's raining?

Check out your local library, shopping centres and also museums for some free things to do. Get searching today and share your free activities in your area below 🙂

24/05/2024

Have a clubcard or nectar points? Log in to see if you can convert your points into tickets for the many attractions they are partnered with.

From zoo's, aquariums and museums, as well as Thorpe Park and Cadbury world there lots of options to having a great day out on your points, so get checking today!

24/05/2024

Visiting a big attraction and can't make use of the free or low cost eats this half term?

Packing a picnic and your snacks can save you another small fortune, making your day out even more cost effective.

Even grabbing a meal deal on the way or popping into the supermarket can help save you some money but some other suggestions include taking hotdogs in a flask (yes it works I've tried it!!)

What's the best picnic you have packed/taken on a day out? Let me know in the comments below.

23/05/2024

During the school holidays a lot of restaurants, cafes etc offer free or low cost food for children to eat with an adult purchasing a meal.

From Morrisons, Harvester and TGI Fridays, there's lots of different options for different tastes. It keeps the kids happy and saves you the extra hassle of cooking - amazing!!

23/05/2024

Want to visit an attraction but think the tickets are a little expensive, try signing up to their newsletter to see if they offer any discounts or offers.

It is also worth looking out for any promotional offers that some brands such as Cadburys and Kelllogs offer when purchasing their products, especially when sometimes you can get 2 for 1 deals!!

22/05/2024

Did you know that some attractions often offer a discounted rate by pre-booking online?

Whilst it might only be a couple ££ on a ticket, that soon adds ups, so it is always worth checking before you go to see if pre-booking is cheaper.

22/05/2024

With school holidays just around the corner I will be sharing my ideas on making your money go further!

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I can take you from worried and stressed about your finances to calm and in control in 3 weeks. Drop me a message or comment "money" below, to find out more about my Money Makeover course. #moneymentor #MoneyCoach #moneymanagement #budgetingisfun #budgetingtips #financialworries #moneyworries #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips #MakingYourMoneyGoFurther #YourMoneyHive

Do you hate opening your online banking app, or looking at your account? Are you feeling like you do not have as much control over your money as you would like? Then I can help you! I can take you from feeling stressed and worried, to feeling in control of your finances . Comment "help" below or drop me a message and I will share more details of how I can help you. #moneycoachuk #moneymentor #MoneyCoach #moneymanagement #budgetingtips #moneymatters #moneysavingtips #moneyhelp #MakingYourMoneyGoFurther #YourMoneyHive

Understanding where to start with your budget can be confusing so here are my top 3 tips to start your budget and to stick to it. 1. Understand your outgoings. This is the vital part of understanding your finances better. If you do not know what your outgoings are, then you cannot have a clear picture of your monthly spending. Having an understanding means you can see what you can do with your money, helping you feel in control. 2. Track your expenses Whether you want to use a budgeting app or pen and paper tracking your expenses and what you actually spend, really helps you to see where your money actually goes. 3. Review your budget regularly. Once your budget is created you will need to review it regularly. This will ensure your budget is up to date and covers any costs which have increased. Review your budget at least 2 times year and especially in March when your bills such as council tax etc. increase. Do you need help creating your budget or knowing where to start? Drop me a message to find how we could work together. #moneycoachuk #MoneyCoach #moneymanagement #budgetingtips #moneymatters #moneygoals #moneytips #moneysavingtips #budgeting #MakingYourMoneyGoFurther #YourMoneyHive

Have you found the recent posts useful? If so click that like button and follow this account for more money saving tips. You can also join the Money Hive group in the comments below. #moneycoachuk #mistakeswithmoney #MoneyCoach #moneymanagement #moneymatters #moneygoals #savingstips #moneysavingtips #MakingYourMoneyGoFurther #YourMoneyHive

So let's set the scene.... You work out that realistically you can save £10 or £20 a month - but then you tell yourself that this amount just isn't worth it. The problem with this thinking is that you are only looking at the monthly amount, not the amount you will have in 12 months time. So instead of thinking of £10/£20 a month, think of the £120 or £240 you will have, to put towards your holiday, or to spend on days out with your friends/family all without having to worry whether you have the money! See in order to start a habit you need to start somewhere - you wouldn't run a marathon straight away, you would need to do small runs and build up to longer distances and saving money is exactly the same. So by starting with a smaller amount you are starting a habit of saving regularly, and you will often find once you start seeing the results of what saving does for you, then you can look at saving some of the pay increase you are getting next month! So remember no amount saved each month is too small – we all need to start somewhere, so open that savings account today 🙂 #moneycoachuk #mistakeswithmoney #MoneyCoach #moneymanagement #moneymatters #moneygoals #savingstips #moneysavingtips #MakingYourMoneyGoFurther #YourMoneyHive

Newsflash...... Anything you have left over at the end of the month will not be saved......repeat after me it will not be saved! Why is that? Because yes, you guessed it there isn't anything left at the end of the month, as the temptation is too much! You know you have money in your account, so it's ok to spend it, and your brain will justify anything you buy with that money so here's how to combat this. Set up a standing order at the same date every month, and do this for the same time your other direct debits for your bills/payments come out. This way you are saving automatically every month and not relying on what is left. Plus your savings amount is then like a bill, and you are paying yourself just like you pay your bills. Go on give it a try and see how well this works! #moneycoachuk #mistakeswithmoney #MoneyCoach #moneymanagement #moneymatters #moneygoals #savingstips #moneysavingtips #MakingYourMoneyGoFurther #YourMoneyHive

This is one of the most common mistakes I see when someone is trying to start saving money every month, and it is one of the biggest reasons a lot of people can't get into a good savings habit. They save a big chunk of money say £200 or £300 for the first month and then realise that actually they need that money - so they transfer it back to spend, then rinse and repeat until you realise you haven't actually saved anything over the last 6 months :-( So how do we stop this from happening? Firstly check your budget and see what you could realistically save every month. Is it £50, £100 or even £20 – work out the amount that works for you and set up a standing order every month to save that money into a savings account. Then in 6 months time, you will have something saved over nothing, and you will be motivated to continue. #moneycoachuk #MoneyCoach #moneymanagement #moneymatters #moneygoals #savingstips #moneysavingtips #MakingYourMoneyGoFurther #YourMoneyHive

Are you making these mistakes when it comes to saving money? 1. Saving too much, meaning you transfer it back by the end of the month. 2. Saving “what's left" at the end of the month. 3. Thinking £10 or £20 a month isn't worth saving. So how do you change this? All will be revealed soon, so hit follow to find out. #moneycoachuk #mistakeswithmoney #MoneyCoach #moneymanagement #moneymatters #moneygoals #savingstips #moneysavingtips #MakingYourMoneyGoFurther #YourMoneyHive

It can be so confusing trying to understand your finances on your own. You tell yourself that you will get a handle on it next month, then the next and then ......yep you guessed it, you never quite got round to actually working out what you are paying out every month. If you're not quite sure where to start then like this post and hit that follow button, to start your journey to understanding your money better and being in control of your finances. #moneycoachuk #YourMoneyHive #MoneyCoach #moneymanagement #budgetingtips #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips #MakingYourMoneyGoFurther #moneycontrol

Don't forget your loyalty cards or apps. Check what loyalty points you have and look into where these can be spent, it could give you some money off your next shop, a day out with the family or even actual cash. So dig out those cards or log into the apps to see what savings you have. #moneymotivated #moneymindset #moneyclarity #moneycontrol #controlyourfinances #budgeting #moneybudgeting #moneymatters #moneycoaching #moneycoachingforwomen #budgetingtips #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips

Switch bank accounts A lot of banks often offer a cash incentive to change your main current account to them. You might think that changing accounts is stressful and annoying but you now have the Current Account Switch Guarantee, which means your direct debits etc are all transferred over. Currently TSB are offering £185 to switch – just make sure you reads the T's & C's to make sure you meet the eligibility criteria! #moneymotivated #moneymindset #moneyclarity #moneycontrol #controlyourfinances #budgeting #moneybudgeting #moneymatters #moneycoaching #moneycoachingforwomen #budgetingtips #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips

Check you are on the correct tax code. Are you on the right tax code, do you even know what your current tax code is? Have a look at your latest payslip to see what your tax code is to see if this is correct. #moneymotivated #moneymindset #moneyclarity #moneycontrol #controlyourfinances #budgeting #moneybudgeting #moneymatters #moneycoaching #moneycoachingforwomen #budgetingtips #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips

Check if your employer offers any enhanced benefits. Some employers offer enhanced benefits for employees after 12 months service, so check your staff handbook/contract for information on your employee benefits. You may be able to sell some annual leave, sign up for a private health care scheme or even have your employer pay a higher pension contribution, if you pay in a set amount. It is definitely worth a quick look to see what you could gain! #moneymotivated #moneymindset #moneyclarity #moneycontrol #controlyourfinances #budgeting #moneybudgeting #moneymatters #moneycoaching #moneycoachingforwomen #budgetingtips #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips

Check your savings interest rate. Are your savings earning less than 5% in interest? If so - transfer any savings you have to a higher interest savings account for the extra ££'s you will get in interest. #moneymotivated #moneymindset #moneyclarity #moneycontrol #controlyourfinances #budgeting #moneybudgeting #moneymatters #moneycoaching #moneycoachingforwomen #budgetingtips #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips

Do you pay your council tax over 10 months? Save the February and March payments for a quick way to save a few hundred pounds. #moneymotivated #moneymindset #moneyclarity #moneycontrol #controlyourfinances #budgeting #moneybudgeting #moneymatters #moneycoaching #moneycoachingforwomen #budgetingtips #moneymatters #moneygoals #moneytips #savingstips #moneysavingtips