Cash Envelope System- The Benefits

I’ve written a post about the cash envelope system before, it explained how this system works. I’ve used this System for a while now, so I decided to make a post about the benefits of it.

I’ll leave the link of that post here, in case you’re interested.

1.Organisation 

In order to fill in the envelopes, I needed to get my budget right. So, I started to be more meticulous with it, and it made me a lot more organised with my finances.

2. Saved More Money

This was the only method that actually made me save a good chunk of money! For me, it’s the one that makes me be more accurate with my budget, and since I always pay things with cash, I started to realise the actual amount of money I was spending. It’s funny because when you pay things with your card, everything seems less expensive (at least for me haha). I was able to increase my percentage of savings due to this.

3. Under Budget

At the begging of the month, when I’d fill up the envelopes, I’d always hope to find some leftovers. So, I began to challenge myself to try to stay under budget. Obviously, I wasn’t able to achieve it every time, but whenever I did, I felt really accomplished.

Since I love this system, I decided to make downloadable envelopes that have the same theme as the Money Planner that I use.
There are different categories written on the envelopes, and the last envelope has no category in case you want to add a different one. The existing categories are Groceries, Rent, Household, Bills, Phone, Health, Clothing, Bank, Car, Personal, School, Kids, Pets, Travel, Savings, Restaurants, Entertainment, and Fun.
Every single envelope has a Budget Chart.

So, if you’re interested in them, I’ll leave the link here.

Envelopes

Thank you so much for reading it, and I’ll see you in my next post.

6 Products to make and sell online

I had previously written a post about simple ways to make money. A few of the ideas that I shared on that post were about selling things you already had, but what if, instead, you try to make a few things yourself and sell them?

I’m going to give you ideas of things you can do in your free time and make extra money. Remember, this could start off as a hobby or a side hustle and become an actual business!

1.Photography

If you’re good at taking photos, you should try to sell them online.

2. Printables

I love this one. You can use Canva to make them and sell them on your blog or Etsy.

3. Ebooks

If you love writing and you’re good at them, then you should consider making an ebook and sell it online. You can promote it on a blog and on Pinterest.

4. T-shirts

You can design and sell T-shirts online and promote them on social media.

5. Coffee Mugs

This is something I love buying! You can design them and sell them on Etsy, I see plenty of these on Pinterest.

6. Candles

Make unique candles. They’re super simple to make, and they’re adorable.

There are many more things you can add to the list, but I wanted to give a few ideas of digital and physical products. These are things you can learn how to make for free with Youtube videos or blog posts, the perks of the internet!

Let me know in the comments if you have more ideas and good luck with your projects!

Thank you so much for reading it, and I’ll see you in my next post.

Beauty and Self-care on a Budget

Disclaimer: The content of this post isn’t sponsored. I’m just sharing with you a tip that will benefit you and help you save a bit of money. 

Taking care of our bodies and appearance is so important because it makes our self-esteem increase and confident people are happy people.

Today I want to share with you an online store that I’ve been a customer of for years now. This store makes taking care of yourself a bit less expensive.

www.maquibeauty.com is actually a Spanish website that only ships to the UK, Germany, France, Italy, Spain, and Portugal.

They always have sales going on. They sell makeup products, hair products, etc. The brands go from drug-store/cheaper to high-end.

They’re all original products but less expensive. If you love makeup as I do, then you’ll feel like you are a kid in a candy shop. There are several men products as well!

Like I said previously, I’ve been a customer for years and I’ve never had a problem with them.

This post was a bit different than what I normally post, but I thought it would be nice to share some tips like this. So, I decided to start a new category on my blog called Hacks, and I hope they’ll be as useful to you as they are for me.

I’ll see you in my next post.

7 Habits of Successful Business Owners

Starting a business is an exciting but scary process. To actually succeed at it you need to develop some habits.

In this post, I’ll be sharing with you 7 habits that will lead you to success.

1.Plan your finances

Successful business owners know exactly how much they need to invest and how much they need to have on the side for the small period of time it takes to have profited from the investment.

2. Knowledge

Investing in knowledge is the key to be successful. Knowledge is power, and knowing how to promote your business and maximize your gains will have a really positive impact on your business.

3. Successful colleagues

Be on top of your successful colleagues, try to learn from they’re work and experiences. They started out just like you, they have a lot to teach.

4. Goals

Have long-term and short-term goals. It’s good to know exactly what you’re working towards, it will give you motivation and purpose.

5. Have a schedule

This is really important, plan your whole day so you can get everything you’re supposed to get done throughout the day. Always stick to it.

6. Learn from your mistakes

Making mistakes at the beginning of starting a business is normal. You must learn to acknowledge them and learn from them. Realize what went wrong and start over.

7. Consistency and perseverance

Be consistent with your work and be persistent. It might take a while to achieve the results you want, but it’s definitely not impossible. Keep working towards your goal!

I hope this helped you! Thank you for reading it and, I’ll see you in my next post.

How to save money on groceries

On this post, I’ll be sharing with you 4 precious tips on how to save money on your groceries. There’s also a weekly meal planner available for you to download.

1.Plan your meals

Planning your meals will help you decrease the habit of buying unnecessary products. You’ll go to the shops knowing exactly what you need for your meals. I like to plan my meals weekly, so I made a printable to make your life easier! You can click here to download it.

2. Buy in bolk and freeze

This is a great way to save money because you won’t be going to the shops frequently to buy fruit and veggies, that way, you won’t be tempted to buy things you actually don’t need. Also, this really good to make smoothies and soup!

3. Make a budget

This is crucial. Knowing exactly how much you can spend on groceries will help you save so much money.

Tip: always try to stay under budget, you’ll get to use that money to buy other things or to add to your savings.

4. Avoid waste

Figure out the exact portions for you and your family. This way, you’ll avoid wasting food and end up saving a lot of money.

I also have a post on How to make a shopping list. It’s not only for groceries, but it will help you save some money as well.

I hope this post was helpful and, I’ll see you in my next post.

How to manage your time when you work at home

This post will help you manage your time, in order to be more productive and succeed at your job. There’s also a printable that you can download that will help you schedule your day.

Here are the steps to budget your time and still be productive.

1.Set Goals

Write down all of your goals for the day. Be realistic, don’t add too many things that you’ll know you won’t be able to achieve. That will only make you feel stressed and frustrated.

2. Budget your time

Out of the 24 hours of the day, take off the time you spend sleeping (8 to 9 hours) and budget the rest, in order to maximize your available time. You are left with 15-16 hours, set morning and an afternoon schedules.

I made a printable to help you design your perfect schedule for the day, click here to get it.

3. Set times

For each goal that you wrote down to accomplish during the day, add a maximum time to finish it.

4. Improvements?

Figure out what do you need to improve, what changes do you might need to make to be more productive.

Let me know if this helped you improve your time management. Thank you for reading it and, I’ll see you in my next post.

How to work from home and be Productive

I recently started this blog and soon realized this is what I want to do for a living. I’ve never been this happy, I finally found “my purpose”. I take this blog as serious as a job, so I work really hard on it, I’m sure this will be the way that will lead me to success.

If you are a blogger or work from home and want some inspiration to be productive, then this is the post for you. There’s also a free weekly planner printable to help you organize your days, to download it click here.

This is the weekly planner you’ll get.

1.Wake up early

I like waking up early and take my time getting ready, that way I’m not in a rush meaning I’ll be really calm and relaxed once I start working. It’s also a habit that makes me feel more productive because I have more time available to do everything I set myself to do that day.

2. Do some sort of activity

I usually stretch and do a little bit of yoga and, sometimes I even do a small workout. This makes me feel very alert and ready to tackle my day. Keep in mind, running after your children to get them ready counts as a workout haha.

3. Set the goals for the day

This step will make you feel pressured (in a positive way) to accomplish everything you set yourself to achieve for the day. Make a realistic list, or you’ll be frustrated. I like to see it in a weekly planner, like that it’s easier for me to plan according to what I did the previous day. Also, at the end of the week, you will feel like you were super productive, that will boost your confidence and it will make you improve on your work every day.

4. Plan out your meals

At the end of every day, I like to make a small list with ideas for meals for the following day. This saves me a lot of time meaning I get to get more things done.

5. Have fun

Now that you spend your day being extremely productive, you deserve to have fun and relax. Be with your family and friends, watch a few episodes of your favourite series, just enjoy your time. Don’t forget to be proud of your achievements, you might not have the results right away, but you will have them!

Thank you so much for reading it and let me know if you have more tips to be productive, hopefully, the weekly planner helped you! I will see you in my next post.

Different types of savings everyone should have!

In all of my budgeting posts, I mention frequently the importance of turning a big portion of your income into savings. This is a habit we should all have because if we hustle and plan ahead when we are young, our future will be more peacefully and we will be able to enjoy every moment with the people we love.

If you’d like to learn how to budget your income then you should read the posts I’ve written about it: How to budget your income, Beginners guide to the “Cash Envelope” system and the Beginners Guide to the “50/30/20” method.

These are the types of savings we should all have.

1.Emergency Fund

This an extremely important saving you should have. It will help you “survive” in a crisis. If, for some reason, you are left without a job or can’t work because of an illness or you might need to assist a family member, then having this money will make things less stressful.

It should be 6 months to a year worth of bills and debt payments, as well as groceries and other needs.

2. Investment

Having money on the side for future investments that will make you more money, is actually a really good strategy for the future. For example, it could be money to invest in a property so you can rent it and make it a source of passive income. It should be something to start thinking once all of the more urgent savings accounts are more secure.

3. Long-term Savings

This type of savings is meant for something that you know you are going to want or need in the next 10 years. It could be, for example, a house, certain debts covered, university funds for your children, etc.

4. Short-term Savings

If you’re planning, in the next 5 years, upgrading to a new or bigger car/house or for example you want to renovate your space, or even a holiday this is exactly the type of savings account you’ll need.

5. Retirement

This is probably the most important one because we know this is inevitable, we are going to retire someday and we’ll need a fund to live off. Since it’s something more down the road it means we have more time to save but it also means that we have an opportunity to save more and make our retirement less stressing and more enjoyable.

So these are the several account savings we should have. I know not everyone has an income that can cover all of this, but what I want to transmit to you is that even a small amount of money towards them, will have a really positive impact on your future.

Check 5 simple ways to make extra money if you’d like to have a few ideas to earn extra money.

Thank you for reading it and I’ll see you in my next post.

Beginners Guide to the “50/30/20” System

There are several budgeting techniques and it makes the process of choosing which one works best for us a bit overwhelming. So, my goal is to explain the several existing methods, in order to make your decision slightly easier.

I also have a Beginners guide to the “cash envelope” system, if you want to learn a bit more about it.

The 50/30/20 categories

50%- corresponds to every need you have throughout the month. These needs might be rent/mortgage, utilities, groceries, car payments, etc.

30%- corresponds to your wants. For example clothes, memberships, subscriptions, dining out, etc.

20%- corresponds to your savings.

How to budget according to this system?

1.Figure out the exact amount you can work with

I always start with this step in all my budgeting posts but trust me, this is crucial in for you to succeed at it. You need to know the amount that is left after deducting your taxes, social security, etc.

2.Calculate the amount for each category 

Income (step1) * 0,5= Needs

Income (step1) * 0,3= Wants

Income (step1) * 0,2= Savings

These will be the exact amounts you’ll be able to spend on each category.

Tip: try to stay under budget in the needs and wants categories, that way, you will be able to add more to your savings. Enabling you to create future investments, savings account, an emergency fund or even pay off any debt quicker.

Feel free to adjust the percentages if you think that will benefit you. Overall, it’s a really good method to start a budgeting journey and increase your savings.

Thank you for reading it, and I’ll see you in my next post.

Beginners Guide to the “Cash Envelope” System

The “cash envelope” method is a great way to save money, to pay off debt and even to build your retirement account. It’s actually an easy way of achieving some of your goals, you get to save for that dream holiday, for the house of your dreams, for the huge wedding you’ve always dreamt of or even to plan the move for the country you’ve always wanted to live in.

So, here’s how this method works:

1.Figure out what you can work with.

Start with your tax and expenses free income. Know exactly the amount you’ll be able to take out of your bank to use it on the envelopes. Keep in mind, some things are paid with your debit card, just make sure to incorporate them on your budget.

If you need help making your budget, you can read this post that I wrote on How to budget your income.

2. The categories

This step may be different from mine. I’ll give a few examples with my categories, but you should adjust them to your life. Mine are: Groceries, needs, knowledge investment and fun money.

3. Choose the envelopes

Try to get envelopes with different colours, this will help you memorize which envelopes correspond to which categories and also because they’re cuter! I use paper envelopes but there are other envelope systems, for example, the Dave Ramsey’s.

4. Fill your envelopes

Now that you know your budget and you have the categories on your envelopes, you can start filling them with the specific amount that you designated for each.

Don’t forget to leave the money meant for the things you’ll pay with the debit card in the bank.

5. What’s next?

Well, now you go shopping and only spend what’s in the envelopes. Some people like to just have their envelops when they’re going shopping. To be quite honest, it’s something that bothers me, so when I go shopping I take the amount from the specific category and put it in my purse.

6. At the end of the month

Whatever is left on the envelopes and on my bank account that I didn’t use that month, I put it into savings. That was key to sky-rocket my savings account.

I really hope you try this method. Thank you for reading it. I will see you in my next post.