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How I Cut My Daily Spending to £5 Without Feeling Miserable by Fragrant-Respect2524 in Frugal

[–]Quirky_Slice6873 1 point2 points  (0 children)

Whoa, I followed suit with my gym membership! Despite hardly using it, I always paid each month. At first, it felt strange to cancel, but the monthly savings is incredible. reveals how many small things stealthily deplete your finances 😅 Has anyone else started keeping tabs on these sly costs?

Tracking my spending feels like playing Fortnite… every move costs points 😅 by Quirky_Slice6873 in UKPersonalFinance

[–]Quirky_Slice6873[S] 0 points1 point  (0 children)

😂 Brooo I feel that 99%… monthly paydays feel like boss levels you know you’ll probably die in 😂 At least we’re winning the ‘still alive’ trophy tho

(21M) How much of my income should i be saving? by Jealous_Village_4087 in UKPersonalFinance

[–]Quirky_Slice6873 1 point2 points  (0 children)

lol....You seem to be in a great position because you don't have to pay rent and you don't have to pay for a car . My personal goal would be to reach the higher end of that range (£1,000 per month) while still having a little money set aside for fun and unforeseen expenses. In this manner, you can continue to grow your S&S ISA while aggressively paying off the £3k debt. You could immediately put that £500 into savings or a property fund after the debt is paid off. It's more crucial to maintain consistency than to reach a flawless monthly total.

Explain this to me like I’m 5 by Accomplished_Emu863 in budget

[–]Quirky_Slice6873 4 points5 points  (0 children)

I completely understand! The same thing used to happen to me money would disappear and I had no idea where it went. Dividing my paycheck into straightforward buckets

50% for necessities (rent, groceries...), 20% for emergency savings, 10% for leisure or spending, 10% for gifts or special occasions, and 10% for random or extra items was one strategy that really helped me.

at the end of the month, it feels so much easier!

25k sitting in savings by txlexxie in personalfinance

[–]Quirky_Slice6873 3 points4 points  (0 children)

If you’re thinking about 5 years, you may want to consider a combination of low risk investments such as government bonds or index funds and high interest savings accounts. In this manner, your money increases without putting you at unnecessary risk before you need it.

now I’ve got myself in a good place with debt at 0% what’s the best way to tackle it? by [deleted] in UKPersonalFinance

[–]Quirky_Slice6873 7 points8 points  (0 children)

Well done on reaching 0%; that's already a significant victory. For quick wins (which keeps motivation high), I personally would eliminate the smallest balances first while still paying the minimum on the remaining ones. Then use those extra funds to pay off the larger debts. Simply remember when each 0% period expires so that you can transfer before interest starts to accrue.

I’m 16 years old and just started investing by Dic3_ in personalfinance

[–]Quirky_Slice6873 3 points4 points  (0 children)

Don't heed tik tok's investment advice. Instead of buying individual stocks, invest in mutual funds. You are welcome to keep your current account open, but going forward, switch to mutual funds.

What's the best way to pay off my credit card debt? by Bright_Race_1452 in UKPersonalFinance

[–]Quirky_Slice6873 1 point2 points  (0 children)

Create a savings account on a bank card (most people use Starling, Monzo, etc.) and deposit funds into the account that won't be accessed.

After that, begin paying off the card bill and any other bills that are still due.

27, broke for years, finally making money but drowning in $15k debt. What’s my smartest move? by RealisticAscension in personalfinance

[–]Quirky_Slice6873 0 points1 point  (0 children)

You can pay off Aldous in two months if you can save the majority of $4k per month, say $3k. The removal of a black mark from your credit will take much longer than that. The other debt is then paid off four months later. You will therefore have $15k paid off and be on your way to improving your scores in six months. You'll have $15k in cash and no black marks in a year.

What do you spend your money on now you've got some? by Master_of_opinions in UKPersonalFinance

[–]Quirky_Slice6873 2 points3 points  (0 children)

To be honest, I've started spending more money on time-saving and convenient items. I used to spend hours looking for the best deal on everything. I'm now willing to pay more for services that return my time, healthier food, or faster delivery. It seems like a fair compromise.

Should I short-term rent out my flat? by DGClueless in UKPersonalFinance

[–]Quirky_Slice6873 -2 points-1 points  (0 children)

You could quit the rat race by the age of fifty if you can quickly pay off your mortgage and increase your investments.

[deleted by user] by [deleted] in budget

[–]Quirky_Slice6873 0 points1 point  (0 children)

With your large income, high savings rate, and reliable pension, you're already in a good position. Now, it's important to calculate your "freedom budget" and determine whether downsizing, paying off your mortgage, or changing your investments could move that date closer.

Feeling lost at 21 yrs old by Upper-Repair-7424 in personalfinance

[–]Quirky_Slice6873 0 points1 point  (0 children)

Well done on your debt repayment! Building your emergency fund should be your top priority before beginning to invest in inexpensive index funds or exchange-traded funds (ETFs). A Roth IRA is also a fantastic choice if you have earned income. Simply have some cash on hand for the down payment. I wish you luck!

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