Top Tips From My Favourite Money Bloggers
Here are ten fantastic tips from some of my favourite money bloggers. Check them out!
#1. Debt Camel – Payday Loan Refunds
Payday loan refunds – how to ask for one https://t.co/xe13rcOR1W
— Debt Camel (@DebtCamel) 6 May 2016
Did you know that if you have taken out a Payday loan which was unaffordable for you, that you may be able to claim compensation? Sara Williams from Debt Camel blog explains how the Financial Ombudsman are upholding complaints against some Payday loan companies and forcing them to pay out. If you were in financial difficulty when you took out a Payday loan or if said loan landed you in financial dire straits you may be able to claim a refund on part or all of your loan. Check out Debt Camel to find out more.
#2. Skint Dad – Don’t Compare
I think this is a hugely important point made by Ricky over at Skint Dad blog. The worst thing you can do is to compare your beginning to someone else’s middle. It is something I am most definitely guilty of. All it ends up doing is making you feel really demotivated when instead you should be really proud of all you have achieved with the small steps you have already taken. To read more of his award winning blog click here.
#3. Be Clever With Your Cash – Student Discount
— Andy Webb CleverCash (@AndyCleverCash) 31 May 2015
I absolutely love my NUS student discount card and have been wondering how I am going to feel having to pay full price for things I have gotten used to receiving a fairly decent discount on, for example with student discount you get a huge 50% off Amazon Prime that is £40 cash saved on one thing alone! Andy at Be Clever with Your Cash shows the cheapest way to be eligible to receive a NUS student card. Check out his blog to find out how you can save hundreds of pounds every year.
#4. Disease Called Debt – 10 Things I Wish I knew
Hayley over at Disease Called Debt blog shares 10 things that she wish she knew when she was in debt. Number one one her list is that she wished she had known that she was not alone. It can feel incredibly isolating and depressing to be in debt and suffering financial hardship however there are many people in the same situation and as the old saying goes “a problem shared is a problem halved” check out Hayley’s website Disease Called Debt for tonnes of fantastic advice on how you can also rid yourself of debt and a lot quicker than you might expect!
#5. Pennies in The Jar – Balancing Life and Goals.
Balancing my social life with my financial goals is something I personally find extremely difficult. I find I will overspend and then feel very guilty so rather than enjoying myself I end up stressed out. Sarah from Pennies in The Jar has some fantastic tips on how you can have your cake and eat it too! Remember you do not have to spend a fortune to have fun.
#6. Mrs MummyPenny – Supermarket Offers
Those supermarket offers might seem like a great deal for example buy one packet of crisps for 99p or two packets for £1.75 When you buy two packets you are saving yourself 23p. Savings are good right?! Well not always. If you intended to buy two packets then all is good as you have made a nice saving but if you only went in the shop for one packet you have actually spend 76p more than you had ever intended to! Check out Mrs MummyPenny’s post on how to spot when an offer is a good deal or if it is just there to entice you to spend more than you planned. Check out Mrs MummyPenny’s article to also find out the lots of great ways to save money in the supermarket.
#7 Money Saving Expert – PPI Reclaim
— Money Saving Expert (@MoneySavingExp) 14 May 2016
Personally I get really upset at the thought of claim sharks duping people into using their services to claim PPI refunds. These aptly named sharks offer to do all of the work for you but they then take a huge percentage of any money you get refunded. Reclaiming mis-sold PPI can seem like a daunting task but in reality it is not. To apply for a refund takes no more work than writing a couple of letters and the best thing is you can keep all of the money yourself! Over at Money Saving Expert you can find a huge and highly detailed guide on how to claim a refund for mis-sold PPI. Check out this guide for everything you could ever want to know on the subject. Do not let those cold callers scam you out of your money! Hang up and head straight to the MSE guide.
#8 Money Nuggets – Money Habits to Teach Your Kids
— Money Nuggets (@MoneyNuggetsUK) 26 May 2016
A lot of how we feel about and deal with money comes from how we were brought up. Money Nugget shares 6 fantastic habits that you can teach your children so they grow up to be financially savvy. I particularly like habit number one“Earn to Learn” I personally like to think about purchases in terms of how many hours of work it costs, for example at the current minimum wage of £7.20 per hour a Playstation 4 (£260) would cost 36 hours work. That is nearly a whole week of work. If you teach your kids this concept early through paying them pocket money for jobs they will soon learn to value their possessions and not be frivolous with money. Check out Money Nugget’s other fantastic habits to teach children here.
#9 Miss Thrifty – Financial Admin Diet
— Miss Thrifty (@Miss_Thrifty) 26 May 2016
Miss Thrifty shares how she deals with her family’s financial admin on a daily, weekly, monthly and annual basis. She logs all her spending daily, this is a super helpful tip because how often do you end up looking at your bank balance and think “where did all the money go?” if you record everything you spend you can keep on top of your finances and maybe even work out where you could be saving yourself some cash. Check out how Miss Thrifty’s other admin jobs keeps her on top of her finances.
#10 From Aldi to Harrods – No Spend Days
— From Aldi To Harrods (@AldiToHarrods) 30 April 2016
Emma from the From Aldi to Harrods blog says “Tell me I can’t do something and I’ll fixate on it” I am exactly the same! If I was to have a no spend day I would obsess over something I wanted to buy and spend more the next day, whereas if I was thinking rationally I might be less inclined to even want that thing in the first place. Check out Emma’s thoughts on why no spend days don’t work for everyone.
Did you find these tips helpful?
I hope you all enjoy this round up of tips from ten of my favourite money bloggers! Which is the most helpful for you? Do you have a top money tip to share? If so please leave it in the comments below, I look forward to reading it!