How to Still Save While Finding Your Feet with a Freelance Career

howtostillsavefreelanceThe freedom and flexibility that working as a freelancer brings is a dream for many working in nine-to-five office jobs. Freelance careers offer not just flexibility but control over your time, schedule and career. However, despite the hugely positive draw to going freelance, it can be a somewhat unpredictable and unstable means of making money, let alone saving. For our generation saving can seem like a distant pipeline dream, but it’s even more important when looking to go freelance. Savings for a freelancer enables you the security to have a quieter month, without worrying that you won’t have enough to make ends meet. However, it’s incredibly difficult to save when you’re only just finding your feet – often in the beginning even just paying your rent is stress-inducing enough, without attempting to think about putting money aside in a savings account. Frankly, it’s not even an option for most newbie freelancers. But with increasingly expensive demands on our finances – for instance, the price of renting an apartment letting alone buying one – having a stash of savings is more important than ever. Now that I’ve sufficiently scared you into the importance of savings, let’s look at ways you can save money in the early days of your freelance career. [Read more…]

Mind Over Money: 4 Ways to Reverse Your Overbuying Habits Using Psychology

mindovermoneyOne of the biggest factors in effective money-saving is also one of the least talked-about. And that is psychology. For some reason, many of us don’t think about our finances from a psychological perspective – but in many cases the state of our finances can also be a manifestation of our approach to life.

Exploring the psychological aspect of your money habits won’t just help you find ways to save – it can also give you new insights into what motivates you in life generally, and hopefully help you look at things from a new perspective.

So, how can you go about using psychology to help you save money? We’ve put together this short guide to outline a selection of the main things to consider. [Read more…]

20 Better Things To Do On Black Friday Than Shop

blackfridayIt’s that time of the year again! Yep, Black Friday is almost upon us. While it’s one of the most anticipated days of the year for some, I’m not that excited. It’s almost strange to say that because I love a good bargain. But throw in a crazy crowd of people and I’m out of there.

Years ago, I used to love Black Friday. In fact, there was one year I headed to the mall right after Thanksgiving dinner to try to beat the crowds (to my surprise, it was plenty crowded already!). But the more I think about it, the more I realize how crazy it all is. While some deals are great, we can tend to get all worked up over nothing. We rush into stores in the wee hours of the morning to spend our money on things we don’t really need.

Instead of joining the madness this year, I’m planning on spending my time in a more meaningful and/or fun way. And you should join me in doing the same! Here’s a list of 20 things to do that are better than shopping on Black Friday: [Read more…]

Yes, You Can Balance FOMO, YOLO & Saving At The Same Time

fomoYou probably already know what FOMO and YOLO means. It’s even recognized by the Oxford dictionary. But in case you don’t, let me fill you in:

FOMO = Fear Of Missing Out

YOLO = You Only Live Once

And both terms have been used to death. So what exactly is FOMO and YOLO and why do all the young kids have it? It’s basically another way of saying you should live life in the moment, be spontaneous, take risks, etc. And it’s something that has defined my generation: the millennials.

Us millennials are known to have a bad case of wanderlust. Unlike generations before us, we want to travel, crave new experiences…and spend more money in the process. If we really want to live life to the fullest, how do we plan for the future at the same time? [Read more…]

10 Painless Ways To Cut Your Budget in Half

painless_budgetI save over 50% of my income. Whenever I tell people this, I always get this astonished look followed by the question ‘how do you do it?’. People always assume there’s some big secret or magic trick to saving more. There really isn’t. It comes down to two factors. You either have to make more or save more.

Earning extra income can be a little tricky. If you want to save over half of your income, start by trying to save more. And to do that, you need to cut your budget. It may seem impossible but there are painless things you can do everyday that will  cut your budget in half.

[Read more…]