Another week, another Mums Talking Money post on our blog. It’s my favourite time of the week as we get to share the story and some fantastic tips from wonderful blogger mums. So get cosy and read this week’s feature.
Please introduce yourself and your family
Hi! I’m Becca. I live just outside London with my husband and baby boy. I blog about money and side hustles over at Boost My Budget.
After starting to earn enough online to replace my salary, I became a full-time blogger last year and I now blog part-time while looking after my baby at home 🙂
Tell us a little bit about your relationship with money
I used to be TERRIBLE with money. I wasn’t necessarily a big spender, but I didn’t know how to budget or save for the future, and I felt stressed about money all the time.
When I married someone equally hopeless with money I realised it was time to educate myself about personal finance – for both our sakes!
I’m still no expert, but I have a much more healthy relationship with money now I’ve started to budget, save and invest regularly. I also love experimenting with new side hustles, and it feels great to bring in some extra cash!
Do you have any money-saving tips?
My biggest tip is to always check online cashback sites before making a purchase. The big two in the UK are Top Cashback and Quidco. You can earn hundreds over a year with just a little extra effort. The best offers are on things like utilities contracts and insurance!
Did your attitude to money change after you welcomed your little one?
I’ve been working on improving my attitude to money for a few years now, so I wouldn’t say it changed too drastically. I do worry about the ever-increasing costs of housing and education, so I’m trying to save more than ever for the long term.
Best money-saving blog post on your website.
I’d love for you to check out my post on money-saving life hacks. I’ve collected 27 ideas of simple things you can do to save money with little effort. There are some great apps for getting freebies too!
Who do you go to for money advice?
Even though I’m a blogger and read a lot of other blogs, I tend to get overwhelmed by all the info out there on the web! When I started my personal finance journey I picked up a lot of money books because I like to have all the info in one place that I can easily refer back to.
Some great books for beginners are I Will Teach You to Be Rich by Ramit Sethi and Broke Millennial by Erin Lowry.
Do you have a money-related question that you would like answered?
Since becoming a mum earlier this year, I’m thinking more about long term savings goals. I would love more info on the best ways to save and invest for children.
What’s your biggest money failure?
In my early 20s, I lived abroad for a few years. I had a relatively high paying job and no responsibilities. But I knew nothing about money! I frittered away most of what I earned because I just didn’t understand how or why to save for the future.
Plus, I lost a lot of money thanks to the exchange rate when it was time to come home! I wish I’d learned more about saving and investing earlier – I’d be in a better financial place now.
What is your biggest money success?
My biggest success has been learning how to make money from home, particularly building up my blog to a full-time income. I find it really empowering to make my own money without being dependent on a boss.
If you have a mortgage did you see a mortgage advisor?
Yes, we have a mortgage and we used L&C. They help you find the best deal over the phone.
I was somewhat suspicious of using an advisor as I knew they’d be working on commission, but I did a lot of my own research too and couldn’t beat the offer they found for us!
What one piece of mums talking money advice would you like to share with other mums?
I’d like to let other mums know that it’s totally possible to earn extra money, or even start your own business while staying at home with your children. There are so many legit ways to make money from home now, no matter how little time you have – there are even money-making apps you can use on your phone while doing the night feeds!
What one piece of money advice would you like to share with your children?
I want to bring up my son to understand the importance of saving for the future. He’s still a baby so we obviously haven’t had any money conversations yet, but it’s something I’ll be thinking about a lot over the coming years!
What is your dream family holiday?
We haven’t really been on a family holiday yet and to be honest, I’m pretty nervous about travelling with the little one! I love city breaks and eating out, so I’d like to find somewhere with child-friendly restaurants and lots of nice parks for pottering in with the pram. If anyone knows where that might be, please let me know!
Where can we follow you?
Thank you so much, Becca! Your story and tips made for a great read. Would you like to take part in our mums talking money series? If so drop us in email – firstname.lastname@example.org we look forward to hearing from you!