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Monthly budget advice 2021- How to create a plan and stick to it


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Be honest now, on payday do you a) complete the purchases on the many online shopping baskets you’ve been adding to all month or b) move a chunk of your salary across to a savings account and update your colour-coded spreadsheet straight away?
Of course, it’s your money, and whatever works for you is absolutely fine, but if you’re sitting in camp ‘a’ but wishing you could be a little more ‘b’, there are steps you can take to get there and run a successful monthly budget.
Before you get to the budgeting, though, and if you’re new to managing your money in a more considered way, you need to pause and take stock. ....

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How much should you save in a month?


How much should you save in a month?
Experts break it down
Let’s face it, saving money isn’t exactly the
most fun thing ever when chosen over, say, a Glossier haul, but getting into the habit can eventually bring us financial wellness and freedom that’s ultimately just as satisfying as a new tube of Boy Brow.
But getting to that point requires an understanding of why we’re saving, and often times, it’s motivated by a stressful situation rather than being a part of our everyday lives.
“I love saving but I think the root cause of that is fear. I spent most of last year worrying about money as I was on furlough on my two days a week retail job (around £75 a week). So, when I finally got a full-time job in November I went full throttle, making spreadsheets, setting up direct debits to save, and now I panic I m really far behind on saving compared to most of my peers who ve been working full time for two+ years,” says Kirstie. ....

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