Hi, and welcome to my new blog!
In this, my first post, I’m going to tell you a little about myself and also a little about my history with my finances (spoiler, it’s not pretty). I’m also going to explain why I started this blog.
I’m a 37 (or 38, I can’t remember) year old single Mum of 2 teenagers. I live in a ‘cosy’ (aka small!) 3 bed semi, in a small town and work a full time retail job.
As well as myself and the 2 teens, my family also consists of an 11 month old Cavalier King Charles Spaniel puppy, and a 13 year old long suffering Cat.
While I now consider myself quite financially sensible, having spent 2 years paying off my debt, this definitely wasn’t always the case.
Back when my teenagers were toddlers, I was exceptionally BAD with money. I never thought of the future, not even as far as the next week. Although my income was lower than it is now, my outgoings were considerably lower too, especially the food bills, everyone knows how expensive teenage boys are to feed!
I recall many a time that i was counting the pennies so that I could buy some milk or a loaf of bread a few days before pay day. I never had any money to save, and stumbled from one financial disaster to the next, without any sort of plan. I regularly used payday loans, borrowed money from friends and family, and never wrote any type of budget.
In 2015, after a particularly bad time with money and finding myself with no job, I decided that I was sick of it. Sick of feeling poor, sick of never having money in my bank account or purse when on paper I should have, and sick of the worry and stress that came with these things.
So, I decided to change it.
My journey wasn’t as easy as deciding to change, and then ‘hey presto!’ I did it. That doesn’t even begin to describe how hard it was, the sacrifices I had to make, or what I learnt about myself and about money along the way.
I’ll explain more about my financial journey, the good, the bad and the ugly, in the next post.
I decided to start this blog as a way of sharing what I am learning about money, with other people who may not know how to better manage their family finances. I don’t pretend to have in depth knowledge of how everyone can solve their financial issues, but I do have an in depth knowledge about how I helped myself pay off £12k of debt, while on a low income and as a single parent.
Money management was always quite a scary thought to me. I didn’t understand technical terms, I still don’t understand much about pensions or investments, but I am learning as i go, and will share what I’m learning, as I’m learning it. I hope you’ll come along with me on the journey!