May: The Blog Force Was With Me

Well, what a hell of a month that was in terms of this blog. In just one month I had three people contact me to write sponsored posts and guest blog. On top of this I secured my first VA (Virtual Assistant) gig too.I was truly overwhelmed with the progress and it all finally seems to be slowly fitting into place.

Apparently six months into a blog is usually the time when most people quit, not me, things are just taking off. I can’t quite retire yet but it has been a significant step in the right direction.

Blog

 

Blog earnings breakdown

Sponsored blog posts £220

Affiliates £60

Adsense £30

Total Earnings £310

That is easily my best ever month and I’d hope it would increase next month with added income from my VA gig and also some more sponsored work I have lined up. All-in-all, I’m over the moon!

Savings Update

I’m happy to report I have stayed on track and I can honestly say it is the most money I have had in a savings account for over 16 years. To think six short months ago I was kidding myself into believing there was no money spare to save – five months into my £5,000 saving challenge and I have already passed half way. I now have £2,950 saved towards the deposit on my first home meaning i have reached 59% of my target already. Amazing what you can do if you put your mind to it isn’t it?

See how I turned 3 current account into a saving machine  

Pension

This was my main concern this month. Regular readers of the blog will know that I was majorly late saving for retirement and when I first signed up to the company pension scheme I was only allowed to start off with 3% contribution, mainly because other people had gone in high and ended up changing their mind within a month. I had to wait six months before I could up the contribution due to rule changes and I have increased it to 10% contribution of my total wages. Anyone interested in personal finance will tell you 10% is the minimum you should be saving. I plan to increase this to 15% by the end of the year.

See Pension Time Bomb: Why You Need To Save Now

Joining the community

There are thousands of us personal finance bloggers out there but only recently have I started to interact properly with them. I read their content daily as I find it both useful in a financial sense, but also inspiring to see their success stories and what can be achieved if you put your mind to it.

My problem was I kept all my thoughts about their work to myself rather than interacting with them and commenting. I have made much more effort to do that this month and I have had some fantastic dialogue with people who have nailed financial freedom and are now living the life they truly want. It has been fantastic, and thanks to all of you guys who visited me and commented too!

I have to admit that most of the blogs I was reading and commenting on were from the USA, but, some lovely person added me to a UK Money Bloggers group on Facebook which has allowed me to converse with like minded people from the UK too which has been great. We provide tips to each other, help share content and generally just gee each other up – and it’s brilliant!

Looking ahead

I’m still falling short of living off no more than 59% of my wages, however, this month I have spent it on decorating the horrid flat I Iive in instead of the pub, so some progress at least! This month I’m re-evaluating my finances all over again, there is still money I can cut and it simply has to be done to hit my end game target of living off no more than 50% of my wages inside the next twelve months. Wish me luck!

 

What are your saving goals for 2016?

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David Naylor is the editor of the Thinking Thrifty blog. After a striking realisation about the direction his life was heading he set himself a 15 year plan to achieve total financial freedom. Join the journey!

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16 thoughts on “May: The Blog Force Was With Me

    1. Thanks my friend. Yeah it all seemed to come together all at once with people reaching out to me rather than me chasing them. Hopefully more of the same in June!

  1. Congrats on the progress. I love hearing it about things when they click. I agree with connecting more with like minded people. I consider everyone in the personal finance world to be collaborators instead of competition and like you I’m constantly inspired by the stories I read about how far along people have come. Since money is taboo (at least here in Canada it still is) the fact that people can be so real with success and failures is a great thing. All the best and I’m keeping my eye on you as well.
    Sarah @ Couple of Sense recently posted…How We Took 6 Years Off Our Mortgage in 4 StepsMy Profile

    1. Thanks for taking the time to read and your kind words Sarah. Yeah the transparency of our community is what astounded me the most, nobody out for them selves and willing to offer help and advice, it’s great! Money is still a very taboo subject over here in the UK too, it’s crazy! If we all just opened up and be honest about it, we could solve a lot of problems!

    1. Thanks Mia! Keep at it, nobody is an overnight success at this. Some of the most influential bloggers didn’t make a penny in the first 6 months. You’re writing great content, it’s only a matter of time! Thanks for taking the time to read and comment Mia!

  2. Great job on your saving account progress, thats amazing news to hear. I have a good amount in my emergency fund and have been slowly contributing more to it but I’m focused right now on contributing as much to my retirement account as I can (I’m 22, so time is on my side!)

    1. Hey thanks Colin. It’s so refreshing to sees someone your age taking care of it now. I wish I had been that sensible. I’m playing catch up, but I have a plan! Thanks for taking the time to read and comment my friend.

  3. Congrats bud!! I periodically get emails for sponsored posts but they always seem so generic and not really about anything I write about on my blog.

    I wish I could make some money with the sponsors but I guess my blog topics just doesnt go well with sponsored posts. Sucks!

    1. Thanks Alexander! Yeah I had three more this week but they are just not relevant enough, which is a pain as I don’t like to turn down money, but if we don’t stick to our principles, what’s the point? Really hope you find something relevant to your blog real soon pal!

  4. I’ve noticed that you’ve been active commenting on my blog. I truly appreciate it, especially having been online for under a month. Means a lot to have someone read my articles and actually provide thoughtful comments.

    Congrats on the sponsored posts and actually bringing in some cash! I can only hope to one day have the same happen.

    I was contacted by one person that wanted to buy a post on my blog. However they were advertising debt products that I do not believe in and do not recommend for my readers so I had to turn it down.
    Andrew @ Debt Freedom Journey recently posted…8 Money Habits of the WealthyMy Profile

    1. No problem at all Andrew I find your content engaging and thought provoking. Thank you for your kind words.

      Yeah, I have had to turn several down as they just don’t fit into the theme of the blog or as you say, i just don’t believe in the product. But as they say, if you turn over enough rocks, you’ll find a diamond!

  5. Hey David! Congrats on all your recent successes! I think it’s awesome that you are gaining so much steam only 6 months in. I am only about a month into this blogging journey myself, but I am doing much better than I originally thought I would. I love hearing about others’ success! It really inspires me to keep going. I would love to know which companies you are affiliated with. Thanks and have a great day!
    -Rachel @ Tidy&Teal

    1. Hi Rachel well done on your first month blogging, getting started is the hardest part! Yeah this month all seemed to click for me, it was certainly more than I was expecting at this point. I’ve been ghost writing for a few companies as well as doing a some sponsored posts. I’m expecting a downturn in page views this month as we hit summer, but I have my VA gig up and running now and will be looking to expand that side of things as well as matched betting which I’ll be focusing on heavily next month. Thanks for taking the time to read and comment Rachel.

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