My goals for 2021

Now this is NOT a typical new years resolutions, new year new me moment, where I list everything I will achieve or change about myself this year. I think if 2020 taught me one thing it’s that you really can’t predict what life will throw at you nor make concrete strict plans to achieve/do. However, that doesn’t mean you can’t have some goals. Personally, I want my goals to be open and based on personal growth. So It wouldn’t be realistic for me to make travel goals in 2021 since I’m living in a current lockdown. But I could make a goal to be financially smart and really be intentional with my saving and spending this year. My top goal in life is always to be happy in everything I do and everywhere I go. So no matter what I achieve or set out to accomplish this is always the overall end game. That being said; here are my goals for 2021.

Photo by Danielle MacInnes on Unsplash

First, I want to practice photography. I have always been interested in photography but never took the time to really practice and improve myself. But I do struggle to find inspiration sometimes… When traveling inspiration is at every corner, taking in the new beauty of this world. However, I am realistic and see that this year might mostly be spent at home. But I hope to be able to find more beautiful pictures I can take close to home and really improve this skill. Please follow me on instagram to follow along this journey with me.

Secondly, I want to be intentional with my spending in order to optimize my savings. I want to make sure I budget well (check out my post on budgeting tips when moving and my post for daily budgeting tips). I hope that by being really intentional with my spending; I will be able be able to limit it to the necessities and have more saved for fun activities or a bigger purchase or even my future.

Photo by S O C I A L . C U T on Unsplash

Lastly, I want to make sure to always follow my passion. I am currently obtaining my masters and am definitely really enjoying the whole experience. I feel that passion for what I do and I want to carry that on into work or wherever I may go next.

Although these may seem small goals, to me they are very meaningful. I believe I will be able to achieve them and really keep them in my heart for 2021. There will of course be small things I want to do or want to accomplish along the way but I try not to make them hard goals. I think that in the moment you get opportunities to follow when the time is right and setting a strict 2021 list such as taking a cooking class will restrict the new experiences waiting for you around the corner.

Please leave a comment down below if you liked this post or have future posts you’d like to read. I hope you enjoyed hearing my goals for this year. Please follow me on Instagram for more behind the scenes stuff. Hope you guys enjoyed and I will see you again next time, in my next post! 

Budgeting tips: moving edition

Moving can be a stressful time, especially financially. I have always been really interesting in budgeting and loved how much power it can give you in life to be able to achieve your goals. Of course, a good budget is a great starting point to increase your savings and to ensure wherever you move to, you will be able to afford the new life you want for yourself. Here are my five budgeting tips, moving edition.

1.Compile a list of all your monthly expenses.

This can be tricky before you have moved into your new home. However, you can call up companies to get a quote on how much approximately your new home will cost, with regards to gas/water/electric. After this you want to think about a monthly food budget, to be as realistic as possible it might help to think of meals and how much they cost for the month. Thereafter, monthly subscriptions should be taken into account and bills for, for example, your car. Don’t forget rent or a mortgage as well.

2.Now you can see how much you will spend ever month you need to know your income.

Here it is important to subtract the two to find out how much you will be able to save every month for those unexpected purchases or needs, such as car or house repairs.

3. It is important to save up for things you will need when living in the house.

Here I am talking specifically about furniture or paint. you need to make a budget for before you move in with your current expenses and income to ensure you have a comfortable savings to afford all needed for moving into a new home.

4. The move

During the move you might need a company or moving boxes. These also need to be budgeted into your savings to ensure you can afford every aspect of moving.

5. Cheaper alternatives

If you are struggling to be able to afford a move, I have some tips to find cheaper alternatives to fit into any budget. Firstly, I ALWAYS look into Ikea, they have a broad range of furniture at a broad range of prices, so there is always something for a smaller budget. They also have discounted furniture at their exit which are sometimes minimally damaged but sometimes simply the packaging got damaged. So it is definitely worth checking out. I have also found great furniture at second hand shops. There are also plenty of places to get cheaper moving boxes or to reuse crates, really get creative because some moving boxes can really add up a lot of costs.

Please leave a comment down below if you liked this post or have future posts you’d like to read. I hope you enjoyed this budgeting post and I hope it can be helpful to those in need. Please follow me on Instagram for more behind the scenes stuff. Hope you guys enjoyed and I will see you again next time, for my weekly blog! 

Top 5 tips for creating a monthly budget

As a student I have to have a strict monthly budget. Something I am really passionate about is setting out my finances each month to ensure I don’t over spend and always have to take money out of my savings. This is the plan I use to ensure I can budget my month well and maintain a healthy savings for an emergency or to simply save up for something I want to buy.

  1. calculate total amount entering your account every month
Photo by Helloquence on Unsplash

To start with, you need to calculate the total amount of money coming into your bank account every month. This could come from a student loan or your job. Once you know a total amount coming into your account, then you can begin to calculate the rest from there.

2. calculate your monthly bills

Next up is your monthly expenses. This is anything from rent, gas, water and electricity bills, or a Netflix account. This includes any payment which comes out of your account every month. Once you know this, then you can subtract it from your total earnings every month to figure out what amount you are actually left with each month.

3. make a budget for food every month

The next step is to make a budget for food every month. How much you are going to spend on food and drinks, basically anything from the supermarket, every month. It might be easier to estimate if you calculate week by week. What also helps me is to think of meal plans and roughly how much they cost. This is important to first carve out the necessities of what you have to spend every month before you think about saving money or spending on fun activities.

4. make a budget for fun activities

I always try to budget ‘fun’ into my month. When I would say I wouldn’t spend money on coffee this month or not go out for lunch, I would always fail. So my new method is to plan fun things into my budget. For every month, I set aside a small amount of money to, for example, buy clothes, go out for lunch or dinner, buy a coffee or two or go to the movie. This way I have a set aside amount for each activity I want to do every month.

such as

  • €15 for coffee
  • €20 for dinner
  • €20 for a movie
  • €30 for clothes

In doing this I can keep track of what I spend on these activities and make sure I don’t go over budget. If I don’t do one of the activities that month, then I can put that money into my savings.

Photo by Michael Longmire on Unsplash

5. calculate how much you want to save every month

The final step is to put aside the rest of the money every month into your savings. It is important to have a savings for those unexpected costs that might come up. I normally put the remainder of the money into my savings. The first few months I tried this method I had some trouble estimating my food budget every month but that’s never a problem because you can always bring money back from your savings and adjust your budget the next month. You just need to make sure you keep track of your bank balance as the month goes on.

Saving money every month really helps build a reliable amount of money you can fall back on. Even if its a small amount it always adds up.

For example:

  • €20 every month (roughly €5 every week) x 12 months = €240 every year
  • €50 every month (roughly €12.50 every week) x 12 months = €600 every year
  • €100 every month (roughly €25 every week) x 12 months = €1,200 every year

or

  • January until March- €20 every month (roughly €5 every week) x 3 months = €60
  • April until June -€50 every month (roughly €12.50 every week) x 3 months = €150
  • July until september -€100 every month (roughly €25 every week) x 3 months = €300
  • october until december-€120 every month (roughly €30 every week) x 3 months = €360

Annual total = €870

Creating the right savings plan can help you build a strong savings, starting from even €5 every week. Certain months of the year might be easier to save in than others, but with an intentional budget and a savings plan, your goals can be reached. With a savings plan, it is always important to look at the long term goal, for months, a year or even years ahead. Whatever your goals, this plan should help to achieve them.

Please leave a comment down below if you liked this post or have any suggestions for future posts you’d like to read. Please follow me on Instagram for more behind the scenes stuff. Hope you guys enjoyed this post and I will see you again next week, for my weekly blog! 

Blog at WordPress.com.

Up ↑