50 easy ways to save money this month

Since I have started this blog it has made me notice that I used to be quite a good saver back when it was a necessary requirement due to my low income.

But as my income grew my spending also increased to the point where I was not taking any notice 50 ways to save more this monthof what I was spending money on.

When I did the sums in my quarterly update, you can see the sorry story that from a cash flow perspective we are spending more than we earn.

Once I noticed the trend, we have implemented a number of ideas to help us to save more this month.

Review your home insurance renewal each year

It just so happened that our insurance for our primary residence and one of our rental properties was due this month.

The renewal prices were creeping up each year and the past few times I have just paid them as they fell at times when I had a brand new baby taking up all my time.

This time around I spent about 30 minutes comparing options online.

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25 work from home online business ideas

Before I dive into the list of 25 online business ideas I wanted to preface it by saying that there are two main factors that should be taken into account before you zone in on exactly what online business you would like to pursue.

Find something25 Work from home online business ideas for side hustles or to replace your job. that you are good at, are passionate about, or have an interest in.

Particularly if you are going to commence an online business as a side hustle whilst you also work full time, you will need to ensure that you pick something that you feel is worth dedicated your precious time towards.

A good way to help you settle on an idea is to brainstorm a full list of everything you are passionate about and interest in.

Once you have prepared this list then cross reference it against what you are good at.

This should narrow down the list to help you land on your idea. For example, I might really love crocheted items but if I can’t crochet or I am not good at it, then it is not the right business to pursue.

Ensure what you choose has the ability to make you money.

For example, say you decide to create crafts but the item you make take you a few hours to make and you can only sell it for a low value. Continue Reading →

Guide to the best Australian Cashback and Survey Sites

Back in my university days and when I was just starting out on my savings journey I was always looking for ways to help my savings grow.

One thGuide to the Best Australian CashBack and Survey Sitesing I stumbled across from recommendations from a savings forum I was a part of, was to complete online surveys and to be members of cashback websites.

Now becoming members of these websites are not going to make you a millionaire, but what I did find was that throughout the year I was able to build up enough points or cash to redeem them around Christmas to help go towards gifts.

These days I use spare time, such as when I am travelling on the train, to complete a survey.

It is not something that is going to return a good hourly rate so I wouldn’t suggest spending hours a day on this but if you do get small pockets of time, it can be a nice little cash bonus.

CASH REWARDS

This is a little gem that I discovered only recently. It is a cashback site rather than a survey site.

Basically the way it works is once you sign up to Cash Rewards if you make purchases from a large selection of online stores you will receive a percentage of cash back.

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Quarterly Update – Net Worth, Cash Flow and Goals

Welcome to my very first quarterly update which details my net worth and cash flow as at the end of March 2017 as well as the goals I have set for myself for the next quarter.

Net Worth Update

If mine is the first personal finance blog you have come across you might be thinking this is kind of strange putting the info out there for the world to see.

However it is a fairly regular occurrence with bloggers to either track their net worth or report their monthly income.

For example, J.Money over at Budgets are Sexy has been tracking his net worth for over nine years now. So have a bunch of other bloggers that you can check out in the Rockstar Blog Directory.

I debated whether I should post this or not as I was not sure about how the information would be received.

Particularly here in Australia where ‘tall poppy syndrome’ can mean anyone who seems to be doing OK can be shot down in a hurry.

But my view is that if you have come to my site which is about becoming financial independent in order to retire early then you must be a little bit open minded

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Where do our money beliefs come from?

Have you ever heard the saying, ‘money won’t bring you happiness’ or ‘money is a necessary evil’?

Money Beliefs - creating a positive message around moneyThis is the underlying negative message we hear a lot in society. Even in Hollywood films, characters with lots of money are often portrayed as the greedy and selfish villains.

So, our relationship with money begins.

Just the other day I experienced this on a Facebook Group that I am active in. It is a group for mums to chat about finances and one of the mum’s asked a straightforward question about whether the changes to childcare rebates for high income earners were based on pre or post tax income.

Well didn’t the knives come out! This lady was not being arrogant, not once did she big note herself, in fact she even acknowledged that she doesn’t begrudge people on low incomes doing it tough and thinks they deserve the assistance.

All she was trying to do was to see how her finances would be affected by the change.

Sure enough the post turned into a slanging match of people saying that she doesn’t deserve anyContinue Reading →

Wisdom with money helped us buy our first home

Money Lessons we learnt while we saved for our first home.Since our very first date, my husband and I have always enjoyed going to the movies.

My husband in particular had always been a big movie buff and after we got together we found ourselves heading to the cinema at least once if not twice a week.

When you add in popcorn and drinks and potentially dinner out afterwards we were easily spending a couple of hundred dollars each week on entertainment. Our spending was getting out of control.

But the years 2007 and 2008 were to be different.

These years we had agreed, as a couple, to forgo the fancy dates and instead spend time together without the drain on our wallets.

You see, we were saving for our wedding, honeymoon and a house deposit. There was money wisdom to learn.

Wisdom gained

Now, don’t get me wrong, we really wanted to pay cash for our wedding and also have enough to buy a place of our own but two years of saving and missing out on all the fun stuff seemed like so long.

Especially when all our friends where going out a lot and buying the latest gadgets and new fashion trends.Continue Reading →

The importance of being money wise

Get money wise, understanding finance is a vital life skillThis was not as he planned. Mounting debts, creditors, overdrawn fees, not knowing where the next rent payment would come from.

Nothing had prepared him for this. Getting Money Wise was definitely the key.

Financially Down and Out

This was my husband when we first met. He found himself financially down and out with no idea why it happened, let alone how to fix his finances.

Part of the reason for his financial struggles were that he worked in a job that was paid cash in hand.

So whilst his rent and other expenses came out of his bank account, more often than not the income he earned never actually made it into his bank account.

So besides not always having money in his account to cover rent, whenever a bill came in he would need to borrow money off someone else to pay it.

At the time he didn’t really know how to get out of the financial hole he was in. But the one thing he did have was determination to learn.

All he needed was for someone to break it down for him and make it easy for him to understand. He wasContinue Reading →