The Three Mental Stages I’ve Gone Through Since Launching Thinking Thrfifty

I launched Thinking Thrifty with one thing in mind; to keep me accountable for my saving.

It did the trick.

It instilled habits within me that I hadn’t seen since being a child.

I’ve been saving money easily every month since without it disrupting my life and I’ve never once felt like I’ve been missing out on anything to save that money away.

Putting my saving goals out into the public domain kept me focused and highlighted massively just how much money I wasted from one month to the next.

However, things have changed drastically since then, the biggest thing being my mindset and the goals I aim to achieve.

So I thought I’d take a look back at the three mental stages I have gone through since launching Thinking Thrifty.

Saving for a mortgage deposit

This is what it was all about back in December 2015 when Thinking Thrifty was born.

I had been asked to leave another apartment due to my ex landlord selling up and it was the final straw.

He was the second one to do this in a very short space of time and I felt it was time I put my destiny in my own hands.

For the first four months of Thinking Thrifty I had nothing else in mind, I’d never even heard of a unique page view, let alone Google Analytics, and I never would have if I hadn’t started getting offers of freelance work from companies who had spotted the blog.

There was money to be made from this? Who knew? Not me anyway!

It was around this time that I came across the UK Money Bloggers community, set up by Andy Webb of Be Clever With Your Cash.

Within this community there were bloggers who were doing this full time, working hours that suited them and earning more than the jobs they had left paid them.

My eyes were opened big time, and with that my goals were adjusted.

Earning my time back

Knowing it was possible to do this as a living seriously changed my mindset.

I didn’t just want my own house now, I wanted my time back.

I set about building my own little online empire which would hopefully one day replace my wages.

Now, I must stress I love my job.

It is not a chore for me to get up in the morning to come to work, but it isn’t something I want to be doing until my late 60s either.

So I’m looking at many different ways I can earn a passive income which will allow me to work the hours I want.

I love writing and will always find time for it, but I want it to be on my terms eventually.

Experiences over material things

We recently became uncles again for the second time, and my head was turned, more than PK’s if the truth be known.

I had put having children as far to the back of my mind as possible, mainly due to my own issues about raising a child in a gay relationship.

Being a big mummy’s boy I know I would have felt guilty about raising a child without it’s mother involved.

But, when Archie arrived the feelings of wanting a child of my own resurfaced again.

After much soul searching we decided once and for all it is something we are not going to pursue.

Once that decision was clear in my head, it made me really think long and hard about what I did want.

The one thing that continually kept coming up was travel.

I love the area I live and really don’t want to live anywhere else in the UK, the problem I have is the house prices.

An average house in my area is around £350k – £400k.

At 35 (not far off 36) there is no way I am willing to saddle myself with so much debt.

I would, without doubt, end up having to work until 70 to pay it off, which I am just not prepared to do.

And this where the biggest mindset change of all took place.

Usually, if I can’t afford something I look at ways I can earn more.

Yet now, all I can think of is getting down my cost of living so I’m not under the same pressure to earn as much.

To do this it means leaving the UK, and that is where we are now.

The next few years are going to be concentrated on saving enough to buy outright abroad and generating a passive income big enough for us to live off comfortably.

I don’t need to be rich to be happy!

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Thinking Thrifty

Thinking Thrifty

David Naylor is the editor of the Thinking Thrifty blog. An award winning personal finance and lifestyle blogger, he shows how it is possible to live extremely well for less.
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4 thoughts on “The Three Mental Stages I’ve Gone Through Since Launching Thinking Thrfifty

  1. Wow, those are some big decisions! We are currently trying to find a bigger home, but we got one of the last 100% mortgages just before the financial crash ten years ago, so now we are surviving on a single wage while I try to build a freelance career. It has been a struggle, but I am far happier now than when I was working full time for employers that didn’t appreciate my worth. And I like being at home for my children. Good luck to you on your travels, and I am so glad I found your blog!
    Catherine Green recently posted…My Spiritual Journey: Reiki and Distance HealingMy Profile

  2. I’ve only discovered this blog today, through a roundabout route. I’m loving the posts, and just reading them to get to know you and your writing better.

    9 years ago, we sold up in the UK and bought a garden apartment on the Costa Blanca in Spain. We moved mainly for health reasons – I have Lupus and my husband has breathing problems due to asbestosis – but we were also finding it more and more difficult to live on our pensions.

    The first year’s running costs on our apartment came to a total of £1,500 – the cost of our Council Tax alone in the UK. It’s all gone up a bit since then, but I now set aside £250 a month, and that covers the apartment bills, car tax and insurance, and leaves a couple of hundred spare for the unexpected. Plus of course the lifestyle and weather is to die for. Good luck with it honey. xx

  3. Woah, you’ve come a long way in a relatively short time. I’m probably at the equivalent of your stage 1 and 2. I know I can earn money from my blog, and that’s my long term aim, but I’m determined to clear my £35,000 of debt as quickly as possible. It’s all I think about.

    Like you, having a blog to document my journey keeps me motivated and accountable. I wish you well in your next stage!


    1. Now you’ve got your mind focused and your blog to keep your spending in check you’ll get through that debt quicker than you expect.Just going to check you blog out now!

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