Author name: Admin

In this episode I’m joined by Brian from The Frugal Spender to discuss the difference between being frugal, being cheap and being tight.

We went through what these terms actually mean. All of them have some negative connotations, but being frugal is: using your resources in the most efficient way possible to maximise your personal benefit. This sounds pretty good and what we want to aim for, as opposed to being cheap/tight.

We also went through a number of actionable ways to be frugal and become more frugal over time. Some ideas are not buying stuff you don’t need and only buying things you value, buying things second hand (I recently bought a 2nd hand backpack for travelling Thailand), shopping around for the best deals (like insurance and phone contracts), and so on. We discuss a lot more in the podcast.

Listen to the full episode for more information!

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

In this episode I’m joined by Sarah from @altstproperty and we discuss what will happen to the property market in 2023.

It’s always hard, and nearly impossible, to predict what will happen to the markets. But we tried out best!

First, we discussed what happened to the property market in 2022 and more broadly over the last few years.

Second, we delved into discussing what could happen to the property market in 2023 – given current conditions of inflation, interest rates, house prices, and so on.

Finally, Sarah shared three top tips for people who want to invest in property in 2023.

Listen to the full episode for more information!

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple

In this episode I’m joined by Kate from @moneymindsetmother and we discuss how to effectively manage your money as a parent.

Kate is a mum of 3 and is very experienced at managing her own money and her families money so is the perfect guest for this episode.

First, we discussed the transition to managing money from a non-parent to a parent. One of the most important things is to know your numbers – knowing exactly what is coming in and going out each month. This comes back to budgeting which is the ‘bedrock’ of both building your wealth personally and as a parent for your family.

Another suggestion from Kate, which I’m a fan of, is to print out your bank statement at the end of the month and get two highlighters. In one colour highlight your needs and in the other colour highlight your wants. This will then help you to understand where you’re money is going and if there’s any wiggle room to cut back.

Second, we discussed whether the process of managing your money changes as your children grow older. It most likely will and is likely to include using vehicles like Junior ISAs to help save/invest for your children’s future.

Third, we chatted through how much to save, especially if you have multiple children. The bottom line is, if you’re able to, any money saved/invested at all is a bonus. Even if there are points when you can’t contribute, any money previously invested no matter how small will continue to compound over the years.

Lastly, we discussed investing personally for yourself whilst having a family and some top tips to take away for managing your money as a parent.

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📖 Stop Waiting, Start Investing Ebook – https://payhip.com/b/Q40kP

💻 Need somewhere to track all of your investments in one place? https://payhip.com/b/9tB2

📈 How to start investing workshop – https://payhip.com/b/1fic

🎥 Youtube – https://www.youtube.com/c/MakingMoneySimple/

📸 Instagram – https://www.instagram.com/makingmoneysimple/

🐦 Twitter – https://twitter.com/makingmsimple