money saving tips

How much money have you spent this week?

Chances are, you don’t actually know.

One of my fondest memories of my Gran is the fact that at the end of every day, she’d take out a tiny notebook and pencil from her handbag, (which always smelt of Chanel No 5), and she’d write down every penny she had spent that day. Even when she had plenty of money, she never relaxed that control. She wasn’t tight – she was very generous in fact – but she just liked to know.

We don’t do this so much these days do we? Relatively, we’re so much better off than we were when my Gran was bringing up a young family, and that’s obviously a good thing, but it does seem to mean that we’ve lost that ability to control day-to-day spending quite as efficiently.

It’s time to go retro with your finances, recapture that post-war budgeting spirit and save some pennies. View Post

Dealing with debt Natwest Money Clip

How much debt do you have at the moment?

I’m not trying to depress you – I know January isn’t really the month you want to look at your credit card statements – I’m just curious. You don’t have to say out loud, just have a think and add it up.

Are you surprised? If it makes you feel better, the average UK household debt in the third quarter of last year was £11,800, its highest in five years. As far as I know, this doesn’t include mortgages.

Does that make you feel better or worse?

My own debt is less than this – more like the £4,000 mark – although that’s me personally rather than the household as a whole. Over the last ten years I’ve made a concerted effort to keep the debt I do have under control. Going through university, living an hour’s drive away, and bringing up a toddler on my own, got me into a lot of trouble financially. It took me a long time to take my head out of the sand and actually face up to the debts, let alone pay them off. Now though I’m clear – no bad debts, no student loans left – it’s a great feeling. View Post

Keeping it in the family this week, this post is written by Belle, aged 13. Thanks Belle!

So thanks to Osper, this year I am able to splash out on the people I love for Christmas!

I have planned the budgeting, the people I am getting the presents for and even ideas of what to get them. I am normally RUBBISH at budgeting as I normally spend it all in one go on a game or a new, random bit of junk that don’t need and will probably never use, but being able to see your balance anywhere makes you think a bit more about what you are going to buy.

I made lists, drew sketches, practised mind mapping and even had to do a lot of thinking! If you would like to see more then just watch the video below:

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In my work as a digital marketing consultant* I’ve come across a lot of small businesses which have been given bad advice. It might be that they’ve had an agency managing their social media accounts, and they’ve not been happy with the results, or it could be that they’ve invested in a new website, only to discover it wasn’t really fit for purpose. All in all, it seems that running your own business can be a bit of a minefield.

(*I always feel very grown-up when I call myself that. It’s hard to reconcile that persona with the fact that last week I bought myself a plush grey and pink tortoise and called it Alan.)

It can actually be a very costly minefield, as being on the end of bad advice isn’t just a case of ‘Oh well, that didn’t work, what next?’ It can have a real impact on your business – financially and in terms of your reputation.

As the person giving the advice then, the pressure is on.

I’ve noticed a growing trend in the last couple of years for bloggers to start offering advice, particularly with things like web design and social media. This is great – it’s brilliant to see opportunities opening up for people to run their own businesses – but it also comes with risks.

Did you know for example, that customers could claim for compensation if they think your advice is negligent and has caused them a financial loss or damaged their reputation? Many clients may also ask you to provide proof of professional indemnity insurance before they work with you, especially if you’re working with local authorities or large companies.

If you provide a professional service, be it design, marketing, accountancy, IT, photography, or one of many other professions, it’s worth investing in professional indemnity insurance. This is the insurance that covers you should the worse happen, and your clients lose out due to any negligent advice or service you provide.

**Twitter party plug alert**

If you’re not sure about the types of insurance that your business needs, why not come along and join my Twitter chat on Tuesday 22nd September at 1pm?

Small business tips

**end of plug** View Post

Do you remember a little while ago I hosted a post from Jon at The Money Shed about ways to earn money from home? Well, I have another post from Jon today about matched betting. It’s not something I’ve ever got round to trying, so I’m not guaranteeing anything, but I understand the principle and I’ve always wanted to give it a go. Why not give it a try and let me know how you get on? (Be careful and cautious with your money of course.)

Hi everyone – Jon again here from The Money Shed, the UKs largest community website for earning money from home.

I believe it was 90s one hit wonder artist Betty Boo who announced her arrival with the profound lyric “it’s me again, yes, how did you guess? ‘Cause last time, you were really impressed”

Indeed the last time I guest posted on this fantastic blog I told you 4 ways to earn over £600 a month from home and now I’m back with 1 way for you to earn over £1000 a month AND it’s TAX FREE. It’s called matched betting. It’s easy to do, 100% legal, very easy to follow and will have you earning some serious cash in as long as it takes you to make a bet online. It’s also worth mentioning that all this is RISK FREE. You will not lose money doing matched betting – it is not betting in the traditional sense. Basically you earn money by taking advantage of all the free bet offers that bookies give out and harnessing GUARANTEED PROFIT from them.

I’ve been personally doing matched betting for the last 2 months and have earned over £2,500 so far. You can do this even if you have never placed a bet in your life!

In this post I’m going to do a ‘beginners guide to matched betting’ type thing, which will give you enough of an idea for the basics and should set you on the path to earning some major money from home.

I am going to make you around £15 with zero risk in the next few minutes so listen closely

The bookie we will be using is Coral and the exchange we will be using is Betfair.

Go to the Coral website and sign up. This bit should be pretty easy to do. Simply make an account with them and attach a debit card.

Go To Betfair website and sign up. Again, this should be pretty easy to do. Simply make an account with them and attach a debit card.

Our Qualifying Bet – OK, it’s time to get our hands dirty. Bookies offer free bets all the time to both new and existing customers. Usually to get those free bets you need to do something like bet £20 and get a £10 free bet free. If you were betting normally there is a chance you might lose your £20 on your qualifying bet just to get access to the £10 free bet. We are going to overcome that problem by laying (betting against our bets) at the exchange (betfair).

Coral have a very simple and easy to follow sign up offer.

Bet £5 and get a £20 free bet.

To qualify for this £20 free bet we need to place a £5 bet at odds above 1.5. When we are doing matched betting we work in decimals so if you look at the VERY top of the coral website you will see you can select to use decimal – click that first.

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