SELF EMPLOYMENT AND MANAGING YOUR MONEY

One of the most common New Year’s resolutions is to cut down on spending, and although in an ideal world - and out of London - this sounds achievable, if you don’t have a fully-pledged strategy in place, the likeliness of failure spirals out of control. 'They' say that 80% of people fail at their New Year's resolutions by February - are you one of them?!

I'll be honest - money is the bane of my life. I'm stressed when I don't have enough of it but I'm equally as stressed when I don't know where or how to invest it. As someone who is self-employed, money becomes even more of a tricky affair - chasing invoices, budgeting and knowing just how much money to place on that Facebook ad is no walk in the park. That's why I'm here to help you out!

We've all been there when we become victim to an unexpected expense - whether this is a home appliance breaking or making that third trip on a bus with only a return ticket. It all adds up  *eye-roll emoji* - and that's why I've put together some easy ways for you to save some cash without even really noticing it. That means more money for clothes, right?!

TRAVELLING

I'm in a long-ish distance relationship and so spend a fair amount of time travelling around. Not only that, but I travel around with work too, so my travel expenses can be a bit soul destroying some months. Due to that, I've found little things to implement that make a huge difference to my bank account.

By using a megarider ticket, you will be able to travel as much as you want and can tailor your own needs to the ticket type. Whether you’re in need of a weekly bus pass for your travels, or a monthly one — you will find yourself making a huge saving in comparison to buying a ticket every day.

COFFEE

Ahhhhhh, coffee. I don't know what I'd do without the stuff. Apparently people in the UK visit coffee shops at least three times per week — although it has recently become unavoidable to not pick up a latte (or whatever tickles your fancy) with a coffee shop on every corner! If you work that out, it means that we Brits visit coffee shops around 156 times a year and creates an annual average spending of £2,600, a majority of which could be saved if you were to opt for taking your own coffee to work. £2,600?!?!? THAT'S A CHANEL BAG RIGHT THERE. As much as I love a 'proper' coffee, I can learn to love me a NESCAFE Azera in a flask.

SMOKING 

Health bits and bobs aside, if the rise in prices for cigarettes hasn’t already put you off, knowing that you could save a whopping £3,796 (if you smoke 20 a day) should be the driving mechanism for you to quit. Dad, you listening?! And if you still need a bit of a fix, vaping is a much cheaper alternative.

LUNCH

Many of us find it easier to just buy lunch on the way to work — or popping out on our lunch breaks. Before I went self-employed, I was definitely guilty of this! You just can't beat a good ol' meal deal. Despite how reasonable it may seem, it all adds up and on average, forking out for lunch every day could cost you £1,288 according to research carried out by VoucherCloud. It's pretty evident that you could make a huge saving by preparing your lunch at home - whether this is making a quick sandwich or taking in leftovers from the night before. 

GYM

Spending an extortinate amount of money on a gym membership? Well how about you use YouTube instead and save on pesky gym fees? There are tonnes of workouts available for free - just search what you're looking for!

---

I'll end with one of my favourites. Being half-Indian means that being a haggler / bargain hunter is just in my blood and so I suggest you hunt out those bargains. Voucher codes online, email subscription discounts and hey, don't be ashamed to be THAT GUY/GAL hanging around the reduced section until the 'nice stuff' gets reduced. Freeze your bargains and eat like a champ for a fraction of the cost. You can thank me later haha.

xo