Passive Income Ideas

Passive income is something we should all have, no matter how much we make from it, it’s always nice to have extra money at the end of the month. So, today’s will consist of passive income ideas.

1.Take Surveys

Get paid by taking surveys. There are so many good ones out there (they differ a bit depending on where you live). The longer you stay on them, the more money you’ll end up making.

2.Sell on Etsy

Sell your own creations on Etsy and make money from that. The great thing about this is that you might end up having your own business!

3.Become an Uber Driver

Spend a few hours of your day working with Uber and make extra dollars at the end of the month.

4.Rent a Room

Rent a spare room on Airbnb and make thousands a year.

I hope this post was useful.

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

Money Tips

On this post, I’ll be sharing a few money tips that we should all have, and they will help you improve your finances!

1.Have an Emergency Fund

Emergency funds are crucial! Slowly start saving towards it. Make a realistic goal of how much you want to have in your emergency fund until the end of the year and start putting money towards it.

2.Have a Side Hustle

Have some sort of extra income every month. You can take surveys, sell services, teach online, sell your creations on Etsy, etc.

3.Have a Budget

Always know where your money is going. Having a budget will help you get control of your finances.

4.Pay Off Debts

If you have any debts, then your priority should be paying them off. Write down a plan of action, and soon you’ll be debt free!

5.Don’t Get into Debt

Don’t get yourself in debt for things you should save and pay in full. For example, cars, clothes, trips, etc. Just know that getting into debts for businesses, education or to buy a house is perfectly normal!

6.Keep Learning

Read all the financial books you can get, listen to podcasts, read blog posts… Just make sure to be constantly learning about money and about the best way to manage it.

These are all the tips I have for you today! I hope this post was useful.

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

Money Tips for Students

It’s always a good time to learn how to budget your life. If you are starting this new journey, you should know the best tips to manage your budget.

1.The Circle

First, you create money, then you learn how to save money, At the same time, you must pay your bills.

This is the circle that you must learn how to manage from now on.

2.Work Part-Time

Find the most suitable schedule, in order to make the most of your free time, and still have time to study. You now have your first income!

3.Save Money

There are multiple ways to save money! Make your own meals, snacks included. There are so many home recipes that you can get online, and you won’t eat outside at a much higher price. Make a grocery list, and make sure to eat before going to the supermarket!

Use the library Wi-Fi. Go out less. I know, but try to gather your friends at home, you’ll spend much less money.

4.Pay Your Bills

Make a monthly or weekly budget, and keep track of your payments, with due dates. Make sure to put that money aside in order to pay everything on time!

I have some great student planners that will help you keep in track your budget, I’ll leave the link here, I’m sure it will make your life a lot easier!

Student Planners (University) (A4)

Student Planners (University) (A5)

I hope this post was useful!

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

Weird Ways to Save Money

I’m always looking for ways to save money, and today I thought it would be nice to share with you some weird ways to save money.

1.Unsubscribe to Publicity Mails and Emails

This will prevent from seeing the new discounts and sales from stores, and they’re new products. You won’t be tempted to buy things you don’t need.

2.Pay in Cash

Paying things in cash will make you realise the actual amount you’re spending on a daily. You’ll think twice before buying things you don’t need. You won’t overspend.

3.Shop Online

This is great for groceries, you’ll get only what you need and won’t be brainwashed and tempted to buy all the bargains in the store.

4.Eat Before Grocery Shopping

This is a really good idea. It’ll prevent you from buying snacks! I used to do this all the time: I’d go before lunch and would end up bringing a lot of snacks instead of what I actually needed.

5.Quit Bad Habits

Smoking and drinking are really bad for your health, but not only that, but you’re also spending thousands on it every year.

I really hope this post was useful, let me know if you have more weird ways to save money!

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

5 Money Habits You Need to Have

For us to change and improve our finances, we need to develop some habits. These habits will help us stay on track and live a more comfortable life. It took me a while to get all of them and make them part of my daily life. Once I was able to get these habits to stick, my life changed.

1.Have a Budget

You need to know where your money is going! This is the only way you’ll be able to get control of your finances. It will help you to pay off debt and to grow your savings.

2.Make Goals

You need something to work towards. It will keep you motivated to keep hustling, and it will give a reason to manage your money wisely.

3.Have Side Hustles

Make sure to have different sources of income. Regardless of the amount, having this habit will always benefit you. Side hustles can turn into businesses.

4.Live Below your Means

This is so crucial. You don’t have to live miserably. You just have to make sure you don’t buy things you can’t afford nor have a lifestyle you can’t afford.

These are the tips I have for you, today! Thank you so much for reading it, and I’ll see you in my next post.

How to keep Track of your Finances

Being in control of our money is something we all aim to do. The only way to do it is to be organised with your finances. On this post, I’ll be sharing with you what I do to keep track of my finances. I use a Personal Finance Binder to keep track of everything. These are the spreads:

1.Budget

The first thing I like to do is to write down my budget. I know exactly how much I need to spend on my needs (rent, groceries, bills, etc), making it easier to manage the rest of the money. Since I started writing down my budge, I realised that I could make higher payments towards debt, which was amazing!

2.Bills

I like to track my bills and add the payment receipts in a plastic folder at the end of this spread.

3.Expenses

I track all of my expenses! I split them into categories, and I always make sure to analyse them at the end of the month. It helped me a lot because I was able to see where I was spending my money, and I used to buy so many unnecessary things, and this made me break that habit.

4.Debt Tracker

I like to write down all of my debts and how much is left to pay, the payments I make with the dates and everything.

5.Savings Tracker

I usually write down my savings goal for each category, and keep track of the amounts I add until I’ll reach the wanted amount.

6.Important Documents

This spread is the last one of the binder. I keep every single document related to this topic in plastic folders. From the water, electricity, gas and rent contracts to my tax payment receipts. I keep them all in there, so I know where they are if I ever need them.

I have a Personal Finance Binder to download for sale that is just like mine. I’ll leave the link below if you’re interested!

Personal Finance Binder (Black and White Theme)

Personal Finance Binder (Green Theme)

Personal Finance Binder (Pink Theme)

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

15 Ways to Save Money

On this post I’ll be sharing with you 15 things you can start doing that will help you save money.

1.Make a Shopping List

Make sure to only grocery shop with a list, it will help you not to buy what you don’t need.

2.Eat Before Grocery Shopping

If you go grocery shopping with an empty stomach, you’ll most likely buy a lot of snacks and things you don’t need.

3.Make your own Meals

Cooking your own meals will help you save a lot of money, and you can make healthier meals which are also amazing for your body.

4.Make Your Own Bread

Bread is something that most of us eat several times a day. Making it yourself will help you save a lot of money. You can make several at a time and freeze the dough.

5.Buy Clothes on Sale

Only buy clothes on sale, you’ll be able to get more for less.

6.Buy in Bulk and Freeze

Buy fruit and veggies and freeze them. This is great for smoothies and soup!

7.Buy Detergents on Sale

When the detergents are on sale, you can get several and have a little stash at home.

8.Have a Budget

Make sure to write down your budget. Being aware of how much you can spend on every category will help you increase your savings. 

9.Be Organised

This tip goes along with the previous one. Being organised with your finances will help you increase your savings and your ability to saving money. There’s a downloadable planner that includes a budget spread, a shopping list, an expense tracker, a bill tracker, a debt tracker, and a meal planner. I’ll leave the link to it down below if you’re interested.

Money Planner (A4)

Money Planner (A5)

10.Turn Off the Light

Turn off the lights when you’re not in the room.

11.Meal Plan

Meal planning will help you buy only what you need, and it will also help you to control the costs of each meal.

12.Take your lunch with you

Prepare your snacks and lunch at home and take them with you to work. 

13.Sell your clothes

Sell the clothes you no longer wear and put that money towards savings or debt payments, for example.

14.Make your own Cleaning Supplies

Make your own cleaning products at home, this will help you save money and the environment.

15.Workout at Home

Working out at home instead of going to the gym will help you save thousands!

So, these are all the tips I have for you. Thank you so much for reading it, and I’ll see you in my next post.

The 3 steps before Starting your own Business

Starting your own business is such an exciting moment. On this post, I’ll be sharing with you the 3 things you need to do before starting your own business.

1.Budget

Create a budget to figure out how much you’ll be spending to start your business. The budget should include the investments you’ll have to make on products for your business, the place you’ll be selling your products (website, physical store, etc), other expenses you’ll have, and a certain amount that you will need to survive while your business doesn’t have profit.

2. Investing

Most people want to start a business without making investments, but that’s not how things work. Remember, you’re investing in your future, so it’s a good investment.

3. Knowledge

Before actually starting your business, gather all the knowledge you will need. Learn all about marketing strategies, money management, etc.

Be positive, and know that everything will work out! I wish you the best of luck with your new journey!

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

How to Stop Living Beyond your Means

It’s quite tempting to live with things we can’t afford. We see it all the time in social media, people sell a lifestyle, and we want it. We want the same cars, houses, holidays, etc. Most of us can’t afford it (and it’s normal) so, they get loans and spend the rest of their lives living above their means. On this post, I’ll be sharing with you what you can do to start living below your means and save for what you want without getting into debt.

1.Budget

Setting up a budget is crucial. Set up one that works for you and for your family.

2. Stop getting loans

Start focusing on getting several savings accounts instead of getting loans. This will have a huge impact on your personal finances.

3. Prioritise

Change your priorities. Saving money will get you the things you want without loans, so move to a smaller house, sell your car, cook your own meals, etc. Start changing your lifestyle in order to maximize your savings.

4. Make Changes

After all these steps, acknowledge what you did wrong and what you need to adapt. Don’t see it as a negative thing or a setback, see it as improvements to reach the perfect method for you.

I hope this post was useful, thank you for reading it, and I’ll see you in my next post.

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.