I got married last week, so it seemed as good a time as any for a financial fresh start. I mean, I got a new name, why not have a bit of a life overhaul too?
We’ve always been guilty of not having a rainy day fund, which has proven to be quite a pain in the past. We were also reminded of how much of a pain this was just before the wedding when my husband’s car was crashed into from the back. Obviously this isn’t his fault so we should receive some money from a claim, but we’ve been messed about, and faced a lot of uncertainty.
Despite the expected payout, we’ll probably still have to get a loan to get something we’d be happy to drive the kids around in. To add insult to injury, my engine warning light came one today, so that’s another unexpected expense.
So I’ve vowed to make a change.
There’s no reason to wait until the new year to make a resolution (especially when it comes to money). So I’m in the middle of making a plan.
We normally live quite closely to what we earn, with very little opportunity to put savings aside. I imagine this situation is familiar to many, but we have to remember that ‘little’ isn’t ‘zero’. Even that small amount we can get our hands on will soon add up.
Until we’ve sorted both cars I can’t pick a realistic figure to pledge to a savings account, but I will say I’d like to finish the year with an emergency £100 on hand.
I’ve also considered getting back into matched betting, I was doing really well with it before, but when you’re time-poor it can seem like a time consuming pain in the bum (it’s not).
Realistically, I believe I could probably save £3000 next year if I was to restart matched betting after Christmas once my uni deadlines were done. That’s a lot of money, and if I could do that every year for the next five or six years, that could make a nice deposit for a house. As it stands now, we feel like there’s no way we’ll get onto the property ladder, which is pretty gutting really.
I’ll give more specific details once I’ve got a more solid plan in place, but I really wanted to pledge a change. It’s harder to hide when you’ve said it and it’s out there. So keep an eye out for my saving plan, perhaps it’s even one you could do too?
I’ll keep you posted!
Also, if you wanted to see my wedding, I wrote about it on my lifestyle blog and there’s lots of pictures too.