My Frugal Year Instagram account has been documenting her journey to pay-off £27,000 of debt.
Great learning about budgeting
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As I mentioned yesterday, throughout January, I’ve been combing through my budget and making tweaks to my spreadsheet to make sure it’s working as well as it should for me. Because I’ve been freelance for about six months, and have learned the hard way what the impact of delayed invoice payments etc can be, I have tried to reflect that in the way I budget. I’m far from being a financial expert, and my brand of budgeting is quite basic, but these are some of the lessons I’ve learned from living with a budget for almost a year. The second part of my book is designed to be a bit more practical in this way, covering everything from opening up about money worries and conversations with your bank to setting goals and making a budget. I was worried when I first set out writing it that people might not want that type of advice from someone still working their way through it, but then I realised that possibly that’s exactly what some people need. It’s all of those ups and downs and sort of ‘human’ bits of money management where lots of us come unstuck. If it were a university course module, it would be called ‘Budgeting for Humans’. Please feel free to share anything you’ve learned in the comments!
A post shared by My Frugal Year (@myfrugalyear) on Feb 3, 2020 at 6:42am PST