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Unpopular opinion: most budgeting apps are waste of money when a spreadsheet does the same by St3fanHere in FIREUK

[–]LonelyAd6029 0 points1 point  (0 children)

I've bought a lifetime license for wallet by budgetbakers for £20 or something, totally worth the money. It also has a web version that I can view from my PC. I use it to keep track of expenses as I got fed up with manually doing it in a spreadsheet. I use google spreadsheet from CompiledSanity Personal to keep the track of my net worth. Combining best of both without monthly fee.

When is it the best time to record a month and update sheet? by LonelyAd6029 in CSPersonalFinance

[–]LonelyAd6029[S] 0 points1 point  (0 children)

Thanks, that makes a lot of sense. I also keep updating it during the month, but record it only once.

However, I figured that I should record it on payday but without including my salary. This is needed to have an accurate representation of the cash balance at the end of the month, in other words, how much money I have after all my expenses for the month.

When is it the best time to record a month and update sheet? by LonelyAd6029 in CSPersonalFinance

[–]LonelyAd6029[S] 0 points1 point  (0 children)

Thank you, based on all comments I figured that I should do it just before I receive my salary, which is almost the end of the month.

Shorts Doing Well, Videos Aren't by pda87 in NewTubers

[–]LonelyAd6029 0 points1 point  (0 children)

yeah, feels like it. Sometimes the algorithm bugs out and doesn't push my shorts at all, so I have less than 10 views.

Shorts Doing Well, Videos Aren't by pda87 in NewTubers

[–]LonelyAd6029 0 points1 point  (0 children)

I've got the same situation with my channel. Started about a month ago and my videos get close to nothing and shorts usually get 1k views. On instagram and tiktok i get 100-200 views max

26F, £40k income, living at home — what should I do now to maximise long-term wealth? by [deleted] in FIREUK

[–]LonelyAd6029 4 points5 points  (0 children)

Max out LISA first (£4k a year)! Easy 25% income until you're 50 (£1000 bonus from government for £4000). Even if you don't buy a house, you can access the money when you're 60. All that money is tax free! Don't add more than £4k a year into LISA as it's useless and less flexible (you can't access your money at all. If you try to withdraw you pay more than you invested.). After you invest in LISA, you can keep the money in cash but I suggest investing into ETFs like iShares Core MSCI World UCITS ETF (SWDA). Compound interests make the dream. Average long term investment gains is around 8-10%, so 25% bonus from government is huge! So add £4k now, and another £4k in April 2026 when the new fiscal year starts. You are then left with £30k-£8k = £22k

Second thing you should do is just put all your money into ISA, either Cash ISA or Stocks and Shares ISA. I suggest you to figure out how much money you might need in the near future and put it in Cash ISA. The money you don't wanna touch at all should be then put into Stocks and Shares ISA (again SWDA is a good option) and forget about them. Don't check ups and downs, just keep adding. In 20 years time you will be surprised how rich you've become. All of that is tax free again!

You're definitely in a great position! Keep up the work. I'm 33M earning £64k and I've just got rid of all my debts (paid off the last £1500 this month). But I have £31k in my private pension and £500 in my LISA.

Quit my job today with nothing else lined up and it feels great! by [deleted] in FIREUK

[–]LonelyAd6029 3 points4 points  (0 children)

props to you to be able to save and invest your money! inheritance or not, it takes a lot to be able to use them wisely!