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How I have improved my credit score

Since starting my financial journey I have learned a lot of tips and tricks that I would like to share. And one of those tips is how to improve my credit score. Now, i’m no Martin Lewis but I do know what has worked for me.

I never realised how important it was to have a good credit score especially when looking to buy your own home but now I do. And I have worked hard over the last few years to improve mine as much as possible.

If you are interested in learning how I improved my credit score then keep reading as I share the 4 things I have done to improve mine!

!Quick disclaimer: I am not trained in Finance coaching or credit scores, this what I have done to improve my credit score and research I have found!

Paying off my debt

This may seem like an obvious starting point but unfortunately, paying off debt can effect your credit score.

According to Experian (click on the link if you would like to read the whole report)if you pay off your debt in installments this can effect your score, and if you pay off a low balance before a bigger balance can also effect your score.

“For some people, paying off a loan might increase their scores or have no effect at all. It all depends on your overall credit profile and the type of credit score you’re checking.”

Check Your Free Credit Score | Experian

I only had £4,000 worth of debt and I was paying this off in installments over 5 years, this meant that my credit score dropped by a lot! So I saved up and made a big payment to clear it and my credit score went up.

On Instagram I have seen people paying off thousands of pounds worth of debt and their credit score drops.

If you have a lot of debt always start off by paying off the lowest balance. Yes this will effect your credit score but it is always better starting with the smallest as this will be more manageable.

Be patient when paying off debt, it takes time and your credit score will move around but it is worth it in the end!

Get a credit card and spend on it

I know, I know, I just spent all that time paying off debt and now I am getting a credit card which could get me into more debt.

But hear me out, improving your credit score isn’t all about paying off debt its also about showing the banks you are able to borrow credit.

UK banks plan to hike cost of credit card borrowing | Money | The Guardian

As I had a small amount of debt, I was showing the banks that I am not able to borrow credit which doesn’t look good for buying a home.

So in November 2019 I took out a credit card and started spending on there. I took this advice from Martin Lewis’s Money saving expert site. On there he explains that having a credit card and using it to spend a small amount on there and paying the balance off in FULL on the due date will improve your credit score.

Every month since then I spend between £50 -£100 and pay it off in full and my credit score has improved. I buy petrol and occasionally online purchases.

A quick disclaimer, if you are someone who has credit card debt then this might not be for you. But as someone who only uses this for small amounts each month I am able to control my spending.

Never go into my overdraft

Since being on a budget I have never gone into my overdraft, I always make sure I have complete control over what money leaves my bank account.

I do have an overdraft arranged with my bank account but I have never used it. Just because it is there doesn’t mean I will use it. As according to Experian an overdraft will count as debt on your credit score.

Why overdraft charges are overdue an overhaul

An arranged overdraft is unlikely to have a major impact on your credit score as long as you don’t go beyond your overdraft limit or have payments refused. In fact, if you use your overdraft sensibly and regularly pay it off it could improve your credit rating.(Link to this website)

And having a a current account with the same bank for a umber of years can also improve your score.

Pay my bills on time

Before I started my budgeting journey I used to miss my due dates on my bills. I forgot to pay my car insurance and car tax which left me in bad credit.

I now have a lot more control on my bills and when they are due.

How often do you check your utility bills? – Which? Conversation

When starting your budget make sure you know when your bills are due, that way you wont go into your overdraft, which in turn effects your credit score.

HOW TO BOOST YOUR CREDIT SCORE - Octane Finance

I hope this post has been helpful and you can find some ways in which you can improve your score.

Don’t forget to check out my Instagram for all the latest updates on my journey.

Featured

Qmee Review: Is it worth it?

Over this weekend I am sharing my favourite survey apps as I get so many questions about if these apps are actually worth it.

In this post I will be discussing the survey app Qmee and my honest review.

Check out my previous post where I wrote a review all about the app Attapoll.

What is Qmee?

Much like Attapoll, Qmee is an app that you can earn money for answering companies questions. However this app has something special, not only can you earn money by answering surveys you can also earn cash back.

You can also download their extension which tracks what you search online and you can earn some extra cash. I earned 8p the other day for searching “flared jeans” so it is well worth downloading on your laptop or PC.

You can also earn cash back and find some deals online through their website!

The good:

I have had this app for 1 year and I have earned £172, I could have earned more if I paid more attention to the notifcatons they send you.

The fact that cash out is only 1p and its in your PayPal within seconds makes it one of the quickest apps to earn money. You can increase the value of your surveys by staying active and keeping your ‘oinqs’ lit up.

I try and keep them active all day and it increases the money you earn per survey. And staying active on a survey app increases your eligibility.

The survey lengths can vary from 1 minute to 20 minutes and sometimes you can earn over £1 for a 5 minute survey which is well worth doing.

As I have said before you can also earn cash back and money off.

The bad:

Like I said before sadly you do get kicked out of surveys, if you do not answer the questions correctly or are not what the companies are looking for. So getting kicked out can be frustrating, I find on the weekend that the surveys are slower and you are more like to be removed. But the rest of the time it isnt too bad.

Qmee are very good in rewarding you (occasionally), if you are removed from a survey. They usually pay you a small percentage as an apology and always report any problems you have as that stops it from happening all the time.

How much money can you make from this app?

On average I can cash out over £1 per day and for a survey app this is a lot of money. Like I have said before they are better during the week and if you stay active for longer the more surveys you get accepted for.

As cash out is only 1p yes that’s right 1p you can cash out easily and quickly so for me this app is a winner.

Is it safe?

Qmee has many good reviews with a 8.3 star rating on Trust pilot and in terms of personal data I have never had any trouble with this app in terms of my personal data.

Final review: Is it worth it?

Yes! This app is definitely worth downloading not only can you earn money by answering surveys you can earn cashback and find money off vouchers. The surveys are quick and easy to answer!

They also have a great referral scheme, you can create an account using my link and we will both receive 50p when you complete your first surveys. And once your account is set up you can share your link with others and earn more money. (if you use my link thank you so much!)

Please use this link: http://qm.ee/2OJZ5PK2SIDDW

I hope this post has helped you understand more about survey apps.

Make sure you go and follow me on Instagram as there you will be able to keep up to date with my journey!

Featured

Shoppix- How I make money from my receipts

If you have been following me for a long time then you will know that I love finding ways to make some extra cash. And one of the ways I do this is by earning points on my receipts.

Check out my previous post where I share everything you need to know about another amazing receipt app called STOREWARDS!

!! DISCLAIMER: I am not sponsored by Shoppix I just love this app!!

What is Shoppix?

Shoppix is an app that you can use to earn money on your receipts. You take pictures of your store receipts and online orders.

You can cash out via paypal, amazon vouchers and many more

How do I earn tokens?

For every receipt you snap in Shoppix, you get 25 tokens. If you snap it on the same day you made the purchase, you get a bonus of 5 tokens. So for most receipts, you’ll get 30 tokens.

You can also win scratchcards that will often give you more tokens. You earn these scratchcards by reaching a new level or by answering surveys about your purchases.

How do I snap a receipt?

Use the onscreen instructions on how to take a picture of your receipt. Just make sure that the name of the store, time, date and the items you purchased are clear.

What can I earn from this app?

You can earn gift cards or cash via pay pal. Take a look bellow to see how many tokens you need to reach before you can cash out.


Amazon:

£5 = 3200 tokens

£10 = 6000 tokens

£20 = 11500 tokens

iTunes:

£5 = 3200 tokens

£10 = 6000

£20 = 11500

Love2Shop:

£5 = 3200

£10 = 6000

£20 = 1500

Paypal:

£5 = 3200

£10 = 6000

£20 = 11500

This app is well worth downloading and is available on the apple store or google store. I save mine up all year round and I use them to help us save money at Christmas.

So what are you waiting for? Get downloading!

Hannah

Featured

Emergency Fund: You need one in your budget!

This past year has been tough for everyone and if there is one thing I have learned from 2020 is how important it is to have an emergency fund!

You never know when an emergency can arise, whether it’s your car or home repairs it can cost a lot of money which you don’t have spare.

2 years ago I was in a car accident, I was fine but my car wasn’t! The repairs on my car cost over £1,000 and I did not have this money saved. Which meant I had to put this on my credit card which left me in debt.

Since then I have learned my lesson and I now have an emergency fund, it isn’t fully funded but I am in a better position than I was 2 years ago.

Unfortunately, no matter how much you prepare you can never avoid emergencies and having an emergency fund is one of the best ways you can avoid using your savings or even getting yourself into more debt.

What is an Emergency Fund?

An emergency fund is money that you set aside for emergencies, this money isn’t used to buy yourself clothes etc it’s for emergencies only!

This fund shouldn’t be used as a long term saving pot, but rather one that you treat as a safety net, so don’t be tempted to dip into it.

During the pandemic my emergency fund has helped so much, I had to get my car repaired a few months ago and having this money available allowed me to pay it off without having to use any of my savings.

I get so many questions about if I think this fund is worth it and the simple answer is yes! When you are starting out on your budget it will help you so much so I can’t recommend this enough.

How much do I need in an emergency fund?

According to www.bbc.co.uk from their report in March 2016, it is recommended that you have between one and two weeks take home pay as buffer. This is roughly £400-£800. However an emergency fund should allow between 6-9 months of expenses which is roughly £1,000 a month. (See quote bellow)

“It recommends keeping between one week’s and two weeks’ take-home pay as the buffer. Translated to the UK, this would mean saving between roughly £400 and £800. An emergency fund should allow for between six and nine months of expense, it adds. If these were to come to £1,000 a month, that’s between £6,000 and £9,000.”

At the moment I aim for £1,000 to cover repairs and expenses on my car. I live at home so I am in a lucky position and I do not need to that much money. However, next year my boyfriend and I are planning on buying a house.

So we are going to start building up our emergency fund in January when we work out how much on average our expenses are going to be.

I would recommend starting small, with a few months’ worth of expenses before you build up to 1 years’ worth.

Where should I keep my emergency Fund? Cash or savings account?

It is entirely up to you! But your emergency fund needs to be easily accessible. Don’t leave it in an account that you can’t access.  

My emergency fund is in a savings account in my bank account, I am able to withdraw the money within seconds and use it.

However, you will need to have some self-control and not use it for just anything.

For me this fund is at the bottom of my homepage on my online banking, it’s easy to access but it is not something I can see all the time.

When should I use my Emergency Fund?

The only time you should remove money from this fund is for emergencies, not to pay for clothes, holidays or nights out.

It’s used for home repairs, car repairs and paying bills if you lose your job or some of your income.

It is difficult to decide what an emergency is, but the way I view it, if it’s something that you need in order to survive or get to work then use this fund. But this doesn’t include buying shoes, clothes and makeup.

But don’t be afraid to use it if you need it!

How Do I Save For My Emergency Fund?

The most important thing is to create a plan to decide where you want to start. You need to determine how many months you want to be covered.

The best place to start is with one month, write down all your essential bills and expenses. Once you have this figure you can decide how much you’re going to save each month.

If you have lost your job or have your income reduced then you may have to make scarifies and remove your favourite entertainment subscriptions to pay for your essential bills and expenses.

Essential bills and expenses:

  • Mortgage/ rent
  • Heating, Water, electric
  • Car insurance
  • Council Tax
  • TV
  • Insurance (Life, home etc)
  • Groceries (toiletries etc)
  • Petrol

There are many more but this is just a brief reminder.

One thing to remember is that you need to build this fund up quickly, so it may be worth slowing down other savings goals whilst you build this up.

Always set up and instant bank transfer and include it your monthly budget. For my fund I put £100 away each month for me this is enough but I know when we move I will need to up this.

So What Are You Waiting For?

Imagine what it will feel like having a fully funded emergency fund! It is a great feeling, when an emergency arises you will have the money their ready without effecting your savings or putting you in more debt.

I would recommend starting this fund before you starting paying off lots of debt and savings. This fund will give you a peace of mind!

Start small and build up, once you have a month saved work up to a few months and so on.

Have you got an emergency fund? If not what are you waiting for!

Featured

STOREWARDS: How to make money from your receipts.

When you go shopping what do you do with your receipts? Do you throw them away or even tell the cashier not to bother with a receipt? Well I was the same up until 1 year ago, when I learned that you can earn money from your receipts.

All you need to do is take a picture of your receipt and you can earn money! So keep reading and I will share how I use the newest receipt app Storewards.

What is STOREWARDS?

Storewards is the newest app that allows you to turn your receipts into money. It has replaced receipt hog but is so much better! You earn money by uploading pictures of your supermarket or high street store receipts to the app.

You can also share your referral code and earn 1,000 coins per friend that signs up, they are also working on adding some surveys to the app which again can earn you coins.

You can upload more then one receipt a day which is handy if you visit a lot of shops when you do your shopping.

You can also upload up to 35 receipts per week and they must be from the UK.

Once you have reached a certain number of coins you can redeem your coins for a gift card!

Can I take pictures of receipts from any store?

On the app there is a FAQ’s section which tells you which tickets or receipts are not permitted such as:

  • Post office
  • Household bills
  • Credit card slips
  • Hand written receipts
  • Ticket stubs
  • Refund
  • Public transport
  • Cinema

There are many more so please make sure you check out their app for more details.

You also need to make sure that you take pictures of your receipts within 14 days of your purchase and the receipt needs to readable.

How to take pictures of your receipts?

When you take pictures of your receipts there are certain pieces of information that needs to be visiable such as:

  • Store name (Address and phone number if available)
  • Purchase date
  • Purchase time
  • Purchase total
  • Barcodes (if any)
  • The product and price

How much can I earn from STOREWARDS?

Not only can you earn coins from your receipts there are also other ways as well:

  • Snap receipts – 600 coins for every receipt
  • Invite friends – 1,000 fro every invited friend that signs up and submits a valid receipt, your friend will also earn bonus coins
  • Come back every day – Get daily bonuses every day- you get a larger bonus every day until the 5th day
  • Achieve levels – Your levels go up the more receipts you snap – each time you reach a new level you will get a coin bonus.

If you are interested in signing up then use my referral code weik2 to receive some bonus coins!

They have just recently announced the option to send if online receipts using the email provided on the app. Make sure you read the instructions as there are a list of stores that they accept!

What rewards can I earn?

You can choose how you cash out, you can recieve an amazon gift card or cash into your paypal:

Amazon:

  • 20000 coins = £2 Amazon gift voucher
  • 50000 coins = £5 Amazon gift voucher
  • 9500 coins = £10 Amazon gift voucher

Paypal:

  • 22000 coins = £2 cash via payapl
  • 55000 coins = £5 cash out via paypal
  • 100000 coins = £10 cash out via paypal

I have had this app for 1 month and I have already earned £6 in Amazon gift vouchers and I am very close to cashing out another £2.

I love this app, it is so easy to upload my receipts and I receive my coins within 1 day of uploading.

So what are you waiting for? Download this app and earn yourselves some extra pennies!

Share this!

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How to make some extra cash online!

Would you like to earn some money online? Then keep reading this post as I will be sharing the apps and websites I use to earn some extra money.

These include survey apps, free slots spins, and selling your crafts online. So keep reading if you want to increase your side hustle and make money on the side!

!Quick disclaimer! This post will include information about using gambling sites free spin offers. I do not condone gambling and casino sites as a way to make money online, I just use the free spins. If you do suffer when it comes to gambling sites then please do not read this post!

Survey Sites:

I have used survey sites fr the last 2 years and I have made some good money. Surveys are a great way to earn some money whilst you are chilling in front of the TV or on a break from work.

There are many survey apps out their some good and quick and some are long. I have picked my top 4 favourite apps/sites.

Qmee:

You can cash out at any amount via PayPal and their surveys are easy to use and do not take that long to complete. Not only are the payouts good for the surveys you can also increase the amount you earn per survey by using the website multiple times a day.

Is Qmee a Scam or a Great Survey Site? (Review + Rating)

You can receive a 10% increase in survey awards when you keep your streak active. You can increase this just by taking part in their daily poll and answering one survey.

I absolutely love this app, I can earn anywhere from £5 -£20 a day on this app and you get the option to complete surveys either on your phone or PC.

You can also download the Qmee extension to your PC (you do need to have google chrome) and you can earn money for shopping and searching online. Well worth downloading!

They also have got chances for you to earn cashback on your shopping and they offer you deals on products as well.

Check out the link below if you are interested in this app. We will both receive 50p when you complete your first survey which you can cash out straight away!

Qmee Link: > http://qm.ee/2OJZ5PK2SIDDW

Attapoll:

Attapoll is an app that allows you to cash out at £3.00 you can cash out via PayPal and like Qmee it is easy to use and the surveys are not that long.

AttaPoll App Review - Is It Legit? (Full Details Revealed)

Its available on the apple store or the google store.

The great thing about this app is you can decide how long you want your surveys to be, you are able to specify a your maximum survey length and how often you would to complete surveys. If you don’t like doing long surveys then this is the app for you!

Again use my link below and we will both receive 50p when you complete your first survey, excluding a profile survey.

Link: >https://attapoll.app/join/yylyt

Curious Cat:

This app is only available on smart phones and is available on the google and apple store, cash out is at £1 via PayPal.

Curious Cat Review - Yay or Nay? (Full Details Revealed)

I do like this app as the surveys can be quite quick. But unfortunately this app takes time, you do need to work hard on this one, regularly visit the app and complete surveys.

The survey length goes from 1 minute to 20 minutes however the time guide can be less or more.

Here is the link to the website no offer just the link: > https://curiouscat.app.link/GioBBG8Umab

Prolific:

This is a website and by far the best one, the earnings are better compare to the others however the surveys can be long but are so worth it. Cash out is at £5 and via PayPal.

Surveys on this site cover a wide range of topics and requires you to either answer questions or complete tasks. You can complete surveys on your phone or on your PC, the PC ones are the best.

You can download an extension on Chrome book that gives you notifications whilst you are working to join them. When you complete a survey you do have to wait until your responses have been approved so make sure you answer carefully and complete the attention checks.

Prolific Review: The ONE Survey Site I Make Money With | Savvy Londoner

If you are interested in Prolific here is the link! > https://www.prolific.co

Free Spins offers:

Another way to earn some cash is by taking part in online slots daily free spins, doing these offers means that you have to deposit £10 in order to activate the offer.

I have deposited £10 on these websites to activate the 30 free spins offer and then a lifetime of free spins.

You do need to spend your £10 deposit in order to get the spins, once you have any winnings are yours to withdraw via your bank or PayPal.

When you complete the free spins offer any winnings you receive you can withdraw as well.

The websites I use are:

Heart: Deposit £10 and you will receive 30 free spins and a lifetime of free spins here is the link: > https://www.heartbingo.co.uk/register?referrer=hanner221

Virgin: Deposit £10 and you will receive 30 free spins and a lifetime of free spins here is the link: >https://www.virgingames.com/register?referrer=hanner221

Starspins: Deposit £10 and you will receive 30 free spins and a lifetime of free spins here is the link: > https://www.starspins.com/register?referrer=hanner221

Jackpot joy: Deposit £10 and you will receive 30 free spins and a lifetime of free spins. Here is the link: > https://www.jackpotjoy.com/register?referrer=hanner221

Monopoly Casino: Deposit £10 and you will receive 30 free spins and a lifetime of free spins. Here is the link: > https://www.monopolycasino.com

As always please take care when using gambling sites and do not use if you are concerned!

Starting a business:

Can you make jewellery? Have you thought about selling your creations online?

You can sell your crafts on Esty and it’s a great way to start up a small business. A friend of mine started her key ring making business on there and she was able to to travel the world with the money she made.

One day I would like to turn this blog into my official side hustle but I am not quite there yet!

My one bit of advice would be, mindful about paying tax etc!

How do you make money online? Let me know!

Hannah xx

Featured

What is the best budgeting method for you?

There are many different types of budgets out there, for all types of people and situations.

But what budgeting method is the best one for you?

When I first started my budgeting journey I had no idea what a budget was much less what type of budget was right for me. Since being on a budget I have tried two budgeting methods, Cash envelopes and a zero based budget.

But I was also interested to find out what other methods are out there and which ones are the most popular.

So if your new to budgeting or want a change but not sure what budget to go for then keep reading as I have done some research and found 3 of the most popular budget methods. I will be sharing the basics of the method, who it will work best for and what could go wrong. So keep reading.

The Balance Money Formula (50-20-30)

https://www.thebalance.com/the-50-30-20-rule-of-thumb-453922

The balance money formula is most commonly known as the 50-20-30 budget and is very popular.

This method uses percentages to determine how this budget works. The idea is to spend 50% of your total income on your needs, 20% on savings, and 30% on wants.

But what is a need? 50%

A need is something that you need in order to survive such as mortgage, utilities, clothing, groceries, gas and much more. Basically anything that you cannot live without!

But this doesn’t mean that you can treat yourself every now and then.

What about savings? 20%

Your savings consist of any saving goals you have such as an emergency fund, debt repayment and even retirement goals.

It is a similar concept to what Dave Ramsey advocates with having a small emergency fund and concentrating on paying off your debt. (Keep an eye on my blog posts as I have a post coming soon all about Dave Ramsey’s baby steps)

What is a want? 30%

Your wants are exactly that, it is something that you want. You can live without it but you want it.

This includes TV subscriptions, clothing, technology, entertainment and anything else that you would like.

Is this budget for you?

This budget is designed to make budgeting more fun and easier to understand. Some budgeting methods have many different categories and this one only has 3.

So this budget is perfect for anyone who is starting out and finds budgeting confusing as it is very simple to follow.

What could go wrong with this budget?

Overspending has been described as the most common problem with this budget.

Since you are only budgeting for 3 categories it can be quite easy to spend a little too much on food for example and forget that you are low on fuel.

This best thing to stop this from happening is to have some wiggle room in each of your budgets. That way the money can be freely moved from your “wants” money to your “needs” if you overspend.

Cash – only budget (Cash envelopes)

https://debtfreecaribbean.com/2019/04/02/cash-envelopes-system/

This method is exactly as it sounds, it is cash based!

It is also known as the cash envelope system, where by you only use cash. This method of budgeting has been around for a long time. I remember my grandmother doing this method with her money many years ago. She would have an envelope for food, gas, electric, petrol and savings.

With this method you have a few categories, and then you withdraw the cash out from your bank account. The categories you have depend on your lifestyle, but they mainly include Food, transport, fun, holidays and so many more.

For example if you have a food budget of £400 for a month you will withdraw this from your bank account and keep it in an envelope.

Is this budget for you?

This budget has been described as working best for people who struggle with overspending. As once the cash is gone, it’s gone.

This method also encourages you to leave debit cards and credit cards at home and only use cash.

You can use credit cards if you so wish but it has to be in an emergency and not for every day spending. Using credit cards is completely dependant on your situation, if you are paying off credit card debt then perhaps this isn’t the best idea to use them.

It also allows you to save for all the fun things in life.

What could go wrong with this budget?

Well for one thing you need to make sure that you don’t carry a lot of money with you and not bringing all your cash envelopes with you as this is a risk.

To look after your money there are many envelopes holders online, check out amazon for affordable holders.

It’s also very easy to get confused as it is cash so I would recommend keeping receipts in with your envelopes to keep track. Perhaps even creating a spending tracker.

Zero- based budget:

The zero based budget is the method that I have used for the last two years and it has worked so well for me.

Zero- based budgeting is where the money you have in income matches exactly what is going out of your account. Essentially every penny you earn is being used.

But, this doesn’t mean that you are spending all of your money, it also refers to the money you put away for savings as this is “leaving your account”

When it comes to savings, on pay day you are paying your saving accounts. I pay “myself” (savings) before I spend the rest.

Basically some of your money is going to pay your household bills and the rest you are either paying off debt or maximise savings.

This method is very useful if you are following Dave Ramsey Baby steps, as his steps are all about maximising savings and paying off debt.

With this method, if you were to save and spend exactly what was in each of your budgeted categories, you wouldn’t be positive or negative. You would literally be at £0.

Is this the budget for you?

This budget has been described as the ultimate budget for people who want to be completely in control of their money, like myself.

It allows you to micromanage your money in a good way, as you get to decide in advance where every penny gets spent.

You typically wouldn’t spend any money unless it’s planned for.

This budget is also good for people like saving for many things at once, such as sinking funds. I have found this budget is great for helping me save all year round for birthdays, Christmas and holidays.

What could go wrong with this budget?

With every budget there are things that can go wrong.

Zero-based budgeting can be quite time-consuming due to how much planning and tracking is involved.

Ideally you need to have something that records every transaction so you do not go over budget. For me I use a banking app called Monzo which tracks all my spending and its much easier then writing it out every day.

As I live at home I do not have many bills so for me this budget is very managble as I do not have many outgoings. But if you are someone who has a lot of outgoings then this budget can be a bit too much.

I have also noticed that in this budget there isn’t much room for mistakes as your ending balance is £0 so if you are new to budgeting then perhaps try one of the other methods until you have a better understanding.

https://www.forbes.com/sites/donnafuscaldo/2020/01/23/two-fintechs-aim-to-change-the-poor-savings-rates-among-americans-with-new-products/

I hope this post has giving you an insight into the many budget methods are out there and what ones could work for you.

There are many more budgets out there so please research the best one for you. And it is okay to make mistakes when it comes to budgeting, you need to make mistakes in order to progress.

You can also do your own budget where you incorporate many components of other budgets and make it your own, I know this works for so many people.

Let me know in the comments what is the best budgeting method!

Featured

My favourite saving challenges for 2020.

Hello and welcome back to my blog!

In this blog post I will be sharing 5 of my favourite saving challenges 4 of which I have done or I am still completing.

There are so many saving challenges out there that you can do to save money.

Saving challenges are a great way to start your savings journey. If you are new to saving or paying of huge amounts of debt but want to have some savings then hopefully at least one of these challenges will help you get started.

! Quick disclaimer I did not create any of these challenges I have credited where I found the challenges and creators!

1p challenge

The 1p challenge is a great place to start. In 365 days you can save £667.95!

You save 1p for every day you do this challenge for example day 1 you put away 1p, day 2 you put away 2p and so on for 365 days.

I found this tracker online which shows you how much to put away each day.

https://www.playpennies.com/features/the-playpennies-1p-saving-challenge-169894
https://skintdad.co.uk/skint-52-week-saving-challenge/

Above is the tracker that I use, this tracker is great for adding amounts weekly, it is from The Skint Dad Blog please check out his page to download all his trackers.

I started this challenge last year when I was new to savings and I love it, I have nearly £400 saved and I don’t miss this money. The only downside to this challenge is that it takes 1 year to reach your goal. But if you are paying off debt this is a great place to start.

A lot of people do this challenge to save for holidays and Christmas.

20p Challenge

I love this challenge! I am doing this challenge at the moment I love it.

This one doesn’t take as long as the 1p challenge, in just 31 days you can save £99.20!

It’s the same principle as the 1p challenge every day you put 20p away. So day 1 you put away 20p, day 2 you put away 40p and so on.


https://www.satsumaloans.co.uk/tools-and-tips/20p-savings-challenge

This is a picture I found online however I have made my own version as I started this challenge on 19th May 2020.

I have over £20 saved already. I will continue this challenge for the rest of the year. I should have over £600 saved by the end of the year which I will save for the fees of moving next year.

Lottiebudgets Money Monday

This challenge comes from Instagram and from a lovely lady’s page called @lottiebudgets. This challenge is by far my favourite and I am on my second run of this challenge.

Every Monday tick of a box with different amounts of money you have saved.

There are two versions of this challenge:

Money Monday Save £450 in 21 weeks I have already done this challenge once and I am on week 3 of round 2!

https://www.instagram.com/lottiebudgets/?hl=en

LottieBudgets Money Monday Quarterly Challenge

Money Monday Quarterly Challenge Save £500 in 13 weeks. I haven’t done this challenge but I would like to do this challenge at the end of the year.

https://www.instagram.com/lottiebudgets/?hl=en

Head over to @lottiebudgets instagram page to download her money Monday trackers and please give her a follow her page is full of saving motivation!

Doing this challenge makes Monday my new favourite day of the week.

Metro.co.uk Fiver savings challenge

I found this fiver savings challenge on the website Metro.co.uk and it looks amazing. Each week you put some money away, the amount you put away will increase by £5 each week for 52 weeks and at the end you should have saved £6,890 which is an huge amount of money!

Week 1 you put away £5, week 2 you put away £10 and so on.

https://www.google.co.uk/amp/s/metro.co.uk/2020/01/02/try-2020-fiver-saving-challenge-put-away-6890-end-year-11991344/amp/

I haven’t done this challenge but it’s one I’m going to consider for next year. Check out the tracker below, download it to your phone and get started.

I hope these challenges will give you some inspiration to start saving. They are fun, easy to do and will increase your savings.

Make sure to follow my twitter and Instagram account for updates on my savings journey and the tips and tricks I have learned along the way.

Hannah xx

Attapoll Review – Is it worth it?

We are all looking for more ways to earn money but have you ever thought of using survey apps?

I will be sharing my honest review about many different survey apps so you can decide if surveys are the way forward to making some extra cash.

What is Attapoll?

Attapoll is a survey site that allows you to earn money from the comfort of your home. All you need is a phone, internet and your ready to go.

Attapoll connects you to a wide range of companies and organisations that are looking for your reviews and opinions. You can answer questions about anything from what your favourite Online store is to what you ate for breakfast.

If you turn your notifications on you will get notified each time a survey is available on your phone.

The good:

This app is easy to set up, once you sign up and complete the profile surveys you can be earning money within minutes.

You can select the maximum length of survey you would like to complete, so if you only want short and sweet surveys you can. But if you fancy sitting through a long surveys you can as well.

As I have mentioned before you can allow your phone to receive notifications so you have access to the surveys quickly. The better paid surveys can reach their quota quickly so having this feature means you will be more than likely selected.

Cash out is via PaypPal once you reach £3 and £2.50 to a Revoult account. Cash out is instant and can be in your chosen account within minutes.

The bad:

Sadly with every good point their can be bad points, although I haven’t had many bad experiences with Attapoll I have had a few.

Unfortunately, some of the surveys can pay terribly, 10p for a 15 minute long survey is not great. And often you can be removed from surveys if you do not meet the requirements that the company needs.

I will be honest this does not happen to me often on this app but when it does it can be so frustrating. When completing surveys you need to make sure that you are paying attention, as companies do analyse the way you answer and will throw in attention checks.

How much money can you make from this app?

Some weeks I can cash out 3 or 4 times it depends how much time I dedicate to it.

As I have been on furlough this year, so I have had plenty of more time at home, I have earned on average £10 per week which for a survey app is a lot!

But it does depend on the time you give to this app, remember cash out is £3 so you need to work hard to reach the cash out amount. If you check your phone every now and then, it will be much more difficult for you to earn as much.

Is it safe?

There are so many worries when using survey sites that your data is safe. Attapoll is owned by Attapoll LTD which is a British company based in London. You can find many reviews online praising this app.

I personally have never had any issue with my personal information, this app does not provide you with any spam etc so for me it has been safe.

Final review: Is it worth it?

In one word Yes!

If you are like me and have a lot of spare time on your hands during lockdown, then this is the app for you. When your sat watching TV you can answer surveys and it is so worth it!

Just bare in mind that you won’t earn hundreds of pounds per week but you can earn some extra cash whilst staying at home.

I hope this post has given you more information on this site and how you can use it to save some extra cash.

I do have a link that you can use below, I earn 50p for every person that signs up once you complete 5 surveys. So thank you if you do use my link.

Here is my link to Attapoll: https://attapoll.app/join/yylyt

I will be sharing over the next few days other survey apps that you can use to earn some extra cash!

Make sure to check out my Instagram for updates on my journey!