Illustrated by Lina Patel
Have you ever felt like you never have enough money? Well, that was my story and belief for a very long time. I felt like I was living from pay slip to pay slip. It was crazy.
I had huge issues about money, not having enough money was one of them. I was 40 years old and I didn’t have savings but I was earning. So I read books and attended various seminars on how to create financial wellbeing.
I learned when it came to financial wellbeing, I had to start from the beginning. Looking at what money was coming in and out. Some people call it budgeting. I wanted it to be simple.
I took note of what money was coming in and what I was spending.
Then I decided what was essential (what I really need) and what I can do without.
When I started to look at what I was spending, I asked the question ” WHAT CAN I CUT OUT WITHOUT LOSING OUT.” For example, I decided to cancel my gym membership and found workout videos on Youtube. This way I was still working out but not MISSING OUT getting fit. That on its own was £90 saving a month. I started looking at other ways, I stopped going to the hairdressers every eight weeks
for colouring my hair and I bought hair dye from the local shops and I learned how do it myself. I saved £50 every two months. DO YOU GET THE IDEA? David Bach, calls it the “Latte Factor.” The latte factor is a money-saving strategy, in which redirecting your money from small things (like daily lattes) to savings which can make you wealthier. I found by doing this process, I was earning the same but I was able to start saving and put money aside.
A JOURNEY STARTS WITH A SINGLE STEP. You have to start somewhere.
So this is just the start and I will be writing more about strategies on how to create financial wellbeing for yourself.
Thank you for taking the time for reading this. I hope you enjoy reading it as much as I have enjoyed writing it.