Kate Crowhurst is a financial literacy educator. With a background in specialist financial literacy research and education, she's on a mission to deconstruct traditional finance education and make money bites sized. In 2018 she was awarded a place on Forbes 30 under 30 for her work in this field.
Our digitally-connected world means that there are more opportunities than ever to make extra spending money by selling what you don’t need or using the skills and assets you already have.
Being more mindful about how we get rid of items that we no longer use benefits both our wallets and the planet. If your local charity bins are overflowing with donations, I would suggest that you try selling old clothes you no longer wear precisely because this takes up more time than simply donating old items.
While love can sweep us off our feet, the sobering paperwork or online forms that come with opening a joint bank account can seem intimidating. In my experience, finding my partner has been one of the things I’m most thankful for in life and investing the time now to discuss and plan your shared money as equal partners will set you up for a stronger financial partnership.
One of the bonuses of having a partner is having someone to celebrate your wins with and to have your back and set you on course when you’re experiencing doubt or uncertainty. You’re on the journey together and given the influence that your bank balance will have on your future, it makes sense to start talking to your partner about money.
Managing your money in a world where we’re constantly being marketed to isn’t easy and it’s less easy for those champions among us who choose to commit their money, time and skills to improving the state of the world. However, it’s through making conscious spending choices, donating to causes you believe in, exploring ethical financial products and building your emergency fund, that you can start to use your money to create the change you wish to see in the world.
Getting your emergency fund together will take us different amounts of time to achieve but once you hit that target, you’ll feel more comfortable knowing that you’re cushioned against future financial shocks.
You can’t plan for everything and it’s essential for your peace of mind and to avoid emergencies chipping away at your savings goals that you build an emergency fund as an insurance cushion to avoid wipe out from unexpected life events.
We all have to push past our preconceptions at some stage and I finally started investing when someone mentioned two powerful words: compound interest.
I wrote this article about budgeting apps because I remember what it feels like to want to get more in control of money but not knowing where to start. The best thing I can do to be inclusive about personal finance is to promote what I use, including free and paid options and open myself up to new approaches to share. That way, we include more people in conversations about money.
To help you stick to that budget and withstand temptation, it helps to have a budgeting app that is easy to use and will be something you want to keep up as you start taking control of your money bit by bit.
The information contained on this website and the links provided are for general information only and should not be taken as constituting professional advice from the website owner - Money Bites.
Money Bites is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances.
Money Bites is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.