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 earnings breakdown
Sponsored blog posts £220
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!
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?
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.
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!
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?