In my two year absence I have stumbled upon a financial plan/guru called ‘Dave Ramsey’. Now I really can get on board with what he preaches albeit he is American so some conversions are necessary. He teaches that debt is not helpful or useful like I have always thought and has some steps to help people get out of debt which if you are in that situation I recommend following him on his Facebook or Twitter.
Through following him and getting my husband on board we were able to use his plan to get ourselves into what he calls baby step 4. So we have now paid off all our consumer debt and have built up an emergency fund, previously I thought that credit cards were there for emergencies but this lead to a very loose definition of an emergency. Albeit we have had to slip back into baby step 3 and are currently rebuilding our emergency fund this month due to a leaking house (YAY, joys of homeowner ship) and a boiler refusing to work (double YAY).
I highly recommend following Dave or his daughter Rachel Cruze just for the inspiration they provide, and the motivation to do some of these things. Three years ago I was on a 4 hour a week contract working all the extra hours that they would offer me, trying to survive in this world. Now I have a full time job (albeit fixed term for the next 5 months) and looking back I can see how far I have come but at that time of working my 4 hours a week I was just looking to make ends meet and enjoy life.
I think focusing on what we do have, not what we don’t or what others have is really important in life. Now in the UK we do have Martin Lewis author of Money Saving Expert (MSE) but he does advocate using credit cards as a tool, even though studies show us that by using plastic we end up spending more. In my household we have tried a few different ways of managing our budget, but having cash and an envelope system for each category is probably the easiest to follow so far.
If anyone does know of a UK based financial guru/inspiration please do let me know. I love filling up my feed with all the motivation and it is how I help myself to stay on track.