Tag Archives: self help

Money Stress and Budget – Hannah Coe

January is often the month that we’re skint and money stress is at its high. Overspent on Christmas and no money left for the New Year… December pay checks are usually paid before Christmas, which although great for the Christmas budget, isn’t as good for the bills. To top it all, January is also a longer month so it means longer to wait till payday.

It doesn’t have to be all doom and gloom though!

By following a few simple tips and adapting little changes in your life you change it all.

Preparation is the key to success

It’s true! Have you ever heard that saying ‘fail to prepare, prepare to fail’?

I know what you’re thinking, this sounds like hard work… It really isn’t and just stay with me.

Create your budget

You don’t have to be elaborate with this, all you need to do is write down all of your incomings and outgoings.

I normally start with my income at the top and outgoings below. I split my outgoings into fixed costs (bills etc that I have to pay) expected costs (food etc) and then unexpected costs (random spends).

When I filled this in for the first time I used my spends from the previous month to get an accurate idea of what I was spending.

Income:

Wages:-

Outgoings:

Fixed costs

Rent:-

Gas & Electric:-

Water:-

Internet & TV:-

Expected costs

Fuel:-

Food:-

Subscriptions:-

Unexpected costs

Clothing:-

Household bits:-

Days out:-

Random:-

That’s a very basic example of a few things that I will include on my budget overview sheet. There will be more things on your overview and how you categorise them is up to you.

You may be wondering how this will help to reduce stress but it puts everything into perspective. By having everything written down in front of you, you can clearly see where your money is going.

Cutting your budget down

So, you can now see where you’re spending your money and some areas may have shocked you already. My food spend for example was A LOT more than I thought it would be. Because I just put everything on my card I hadn’t realised how much it was until it was staring me in the face!

Look at all your outgoings and think if you could reduce them.

Fixed costs like rent/mortgage will be harder to change but can you swap your utility bills to a better deal? Have you actually tried?! It’s actually loads easier than you think. And trust me, I do it every year! And you can cut your bills easily year on year.

Expected costs is an easy one to cut down, do you need that subscription that you’ve not actually used in the last few months? If not then cancel it! Set yourself a goal of cutting your food bill down by £10 a month, just do it little by little. There’s no point saying you want to half your food costs in the first month because it’s probably not going to happen. Hats off if you do though!!!

Unexpected costs are those random spends and do we really need them? Things like no spend months can be fab when trying to reduce these spends.

How to reduce your spending

Now that you’ve created your budgets for each category, you need to start actually spending less. It’s no good just saying you’re going to spend less, that will just increase your stress!

I’ve already mentioned a few things like switching your utility provider and taking part in no spend months. There are also fab challenges such as the 365 day penny challenge that encourage you to start saving more.  

How can all of this reduce my money stress?

Creating a budget puts YOU in control of your money. And yes, you may think you are already in control, but are you? Do you know, without looking, how much you spend on food every month for example. Write down your estimated spends first and compare this to your actual spends. I thought I was in control but was surprised at myself!

One tip that I use is taking my budgeted money out of the bank and having it as cash instead. By spending cash instead of card it feels more real. You see the money leaving your purse and how much you’ve got left. This is known as the cash envelope system by Dave Ramsey.

Does it work?

YES. In the 6 months or so that I have been actively budgeting I have cut my expenses by about half. By ‘actively’ I mean looking at my spends at the end of each month and reducing them for next month.

All of this motivated me to spend just £500 on Christmas this year, you can click on my blog to see how I got on!

I’d love to know how you find budgeting and if you’ve got any questions feel free to send them my way!!!

Author Bio: Hi, I’m Hannah, a 27 money and lifestyle blogger from Manchester. My site is focused on how I live my life in a frugal – some may say ‘tight’ – manner. It features some amazing freebies and bargains that I’ve found over time, including a page of live freebie
links so you can get your hands on them to! I also share my money saving tips and tricks that I have discovered through my own personal journey so far, I do work in accounting but have no financial training or expertise! Everything I write is my own personal opinion.
Social Media Links: blog twitter facebook instagram

How Fashion Helped Me Work through Depression – Peter Minkoff

Societal norms and cultural expectations can often be too much too process, and they can slowly erode your self-confidence and your beliefs, simply because you do not fit some sort of a mold. I’ve lived and grown my entire life in a very loving community, a metropolis as colorful as they come. But that can often be a disguise for numerous internal forms of prejudice, masked bias, and other issues I’ve experienced over the years. I am lucky enough to live in a time when talking about mental health has become less of a taboo, enabling me to find support in many different facets of my life, fashion included.

In fact, fashion, among other things, was one of those factors that I took for granted and underestimated its potential to heal. As it turns out, life has the funniest of little epiphanies saved just for you, and mine helped me realize that my sense of style and my wardrobe can be my way out of my own black hole. Here’s a little glimpse into my journey, and I hope it will bring you comfort and some ideas as to how you can cope with your feelings and struggles, too.

Comfort, finally

For a moment, let’s go back to expectations. As a gay man, I’ve had my fair share of prejudice and criticism to face from our fellow straight people, but strangely enough, in our own community, it seems that there’s another set of expectations that many of us “fail to meet”. I often felt as if I was never “gay enough”. Do I really have to wear a rainbow every day for every occasion to prove my sexual orientation to others, to anyone? It’s that kind of an attitude that pushed me to choose overly-tight jeans, tees with quotes I didn’t like, and wear too many rings for my own liking.

We’ve all been there. Wanting to be liked and approved of is often the driving force of some of the silliest, most meaningless decisions we make, and I was no exception. So, when I completely forewent my own preferences, my self-esteem plummeted. When I finally learned to say no and started replacing my skinny jeans for comfortable chinos, I felt I could breathe again. Putting my self first may have started with chinos, but it sure as hell didn’t end there.

Self-expression to salvage the self

Steampunk is many things, but gay isn’t one of them. Or at least that’s what those limiting expectations would have you believe. Today, I can happily live this simple truth: you’re no less gay for the clothing choices you make or the accessories you love. Much like a straight man will never suddenly turn gay upon admitting that he loves pink unicorn socks. So, yes, as a way to heal my own self-perception, I started infusing my look with details that speak volumes of my personality and my diverse interests.

Suddenly, I’d gladly wear a stylish skeleton watch with a simple button-down, and I’d absolutely revel in my own reflection. Instead of piles of colorful rings, this single accessory is a timeless piece of sophistication that perfectly embodies my style preferences. It’s details like these that helped me understand that I had lost my sense of self, and that it was high time to begin rebuilding it one self-affirming choice at a time.

Elevating my mood with colors

As a minimalist at heart (with the occasional trip to crazy land of floral swimming trunks), I’ve always been a huge advocate of wearing black. Although I’m still very much in love with that look, my efforts to build a more positive personal image have led me to a slew of research studies that pointed the impact of colors on our mood and emotions. I did some homework and began adding different hues that would hopefully affect my mindset in a positive way. Lo and behold, results ensued, and I still wear my sage green shirt and my orange hoodie.

Some of the more recent fashion trends also use different colors of different saturation, which has inspired me even further to take a few steps outside of my fashion comfort zone and allow myself to play with my own style. This creative take on my look alone has given me a safe space in which I can explore my emotions, directly impact my mood, and still ensure self-affirmation.

The power of embracing compliments

Depression is a sneaky creature. It tends to affect your every action and your every thought, and it’s extremely difficult to root out once it takes hold of your mind. In my deepest states of self-denial, I would even reject compliments from people who genuinely care about me – and I would never, ever let them sink in. I was fortunate enough to have one of my friends point out this habit of mine, and it actually took me weeks of practice to start making any progress.

But, the sheer act of accepting compliments got the ball rolling. When I’d get myself to say “thank you” or “that’s very kind of you”, I’d open up a little window in my mind, allowing for the possibility that the compliment might be true. That I might actually look amazing, that my smile might be radiant, that my new boots look great on me. This little mental exercise through accepting compliments on my looks and my fashion choices helped me slowly embrace the possibility of a world in which I love myself.

Although the idea of “happy clothes” or “happy colors” definitely varies from one person to another, I’m beyond grateful for the fashion choices we have today and the people who diligently create them. They’ve meant the world to me and continue helping me through all of my ups and downs. I’ve used this creative process to find myself again, and to rebuild my appreciation for myself, and I hope that others will use it to find beauty in themselves once more.

Peter Minkoff is a lifestyle and health editor at HighStyleLife magazine. Follow Peter on Twitter for more tips.