Updated: May 2
WTF IS THIS BLOG ABOUT!?
With 2020 coming to an end (how quickly has that gone!?) - it's time to reflect on our money moves and set some goals for the new year!
I don't know about you, but I love setting myself super ambitious goals - my problem is that I never write them down! So rather than taking the time to reflect on my achievements I usually turn my attention straight to my next mission, which isn't super healthy.
So this year, I'm taking some time out to write down my greatest achievements of 2020 (money-wise) and setting some goals for the new year to ensure that I stop and celebrate as and when I achieve them (given how crap this year has been, I think we need every excuse to celebrate we can get!)
So why not grab a glass of mulled wine and reflect on your 2020 money moves with me? And feel free to slide into my Insta DMs to let me know your 2021 money goals so that we can celebrate together when you hit them! 💃
1. I PUT MY MONEY WHERE MY MOUTH IS 👄
I've been a veggie for about 15 years, I'm an active recycler and I haven’t been on any flights this year (although I didn’t have much choice over that one!) But this year I decided to put my money where my mouth is by investing sustainably.
My workplace pension is now invested in an ESG-friendly equity fund and I switched my Nutmeg Stocks & Shares ISA* from the Fully Managed to the Socially Responsible portfolio.
Want to find out how you can invest your money sustainably? Then check out this blog I wrote for PensionBee, to find out how you can use your money to benefit the environment while (potentially) reducing your investment risk and increasing your returns at the same time!
2. PERFECTED MY #PAYDAYBAEDAYROUTINE 🤑
When I first started working - my tactic was to save whatever I had left at the end of the month. But being a shopaholic - I never had any money left. Which means I went two years working my a$$ off with nothing to show for it!
3. I SWITCHED TO STARLING 🙌
When I heard the devastating news that my Santander graduate account was due to expire, I decided to jump ship. I did a lot of research and decided that Starling* was the bank for me - their app is jam-packed with cool budgeting features, there's tonnes of ways to transfer money to friends and (most importantly) their cards are dreamy af 😍
I had been putting off switching banks for ages - it just felt like one of those chores that was going to take FOREVER!! But it turns out there's a new thing called the Current Account Switch Guarantee, which makes switching banks effortless (it legit took me 5mins).
4. I SAVED AN EXTRA £300 PER MONTH 😲
Like most people, rent is by far my biggest expense. But this year, I cut my rent by a whopping £300 per month - unfortunately, it means I now need to share a bedroom with my smelly bf, but looking at my new and improved bank balance, I think it's worth it! 😉
I decided to stick this cash straight into my Nutmeg Stocks & Shares ISA* - because you can't miss what you've never had, right? Which I'm using to save for a house deposit (one day...).
5. I STARTED A TRAVEL FUND ✈️
Unlike most of my uni mates - I never took a gap yah. So the fact that my work offers a 6-month sabbatical after 5 years of service is a HUGEE perk! I'm three years into my job now and I still haven't decided what I'm going to do with my time off - but I've decided to set aside £100 a month to fund whatever I decide to do!
Saving little and often really is the best way to reach your money goals IMHO!
6. IT'S OFFICIAL, I'M A SIDE-HUSTLER 👸🏻
I earnt some money from my blog/freelance work this year - it's not a lot, especially considering how much time I put into GWNB but, if Covid has taught me anything, it's that having a second income stream is never a bad thing! Plus (🧀 alert) hearing from you guys about how you've got your financial s*!t together is priceless!
2020 has been s*!t - so I think it's super duper important to look back and celebrate the things we have achieved - no matter how small. I'm really interested to hear your 2020 money moves and goals for the new year - so please slide into my DMs and I'll share on my story (anonymously ofc!)
My goals for 2021 are to:
Boost my main income (I'm aiming for a promotion in 2021, which will involve a pay rise)
Continue to save little and often for my money goals (whether that be my house deposit, a holiday, or next year's Christmas shopping!)
Increase my side hustle income (grow my audience and get some more freelance work under my belt)
f you found this blog useful, please share with your family, mates and Tinder dates! And go give me a follow on Insta for more banging content.
*By using this link to open an account, I'll receive a small reward. Note that I only recommend companies that I either use myself or think are the best option out there IMHO.
Now for the serious part: my blogs are for educational purposes only - speak to an independent financial advisor for information on your specific circumstances. And remember, investments can go down as well as up.