Monday Money #1: Back To Basics

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When it comes to managing your money, even those of us who make a living from blogging about personal finance can fall off the wagon. In this post I want to share with you where we have gone wrong recently, and what we are doing to go back to basics. This post is the first in a new Monday Money linky series, and we would love for you to join in!

What has happened with our finances lately?

Whilst I don't feel out of control with our finances, I know that we have come off track in a few areas.
Recently a few changes have taken place, meaning that we have a few more outgoings that we weren't quite willing to accept. For example, going out sourcing items for our eBay store means that we often need to have lunch away from home, resulting in extra spending. Although we have been doing this for awhile we haven't adjusted our budget accordingly to allow for these expenses.
Some of our spending has also got out of control lately. Supermarkets are the worst. We are always popping in to get freebies from apps like Shopmium or things to sell on Amazon, but then we often spend anything from £5-£35 on extra bits, just because we are there. This is on top of our weekly food shop!
We have also had a few bills increase – our council tax has increased by £20 per month, and we have a new car with a higher monthly payment.
All of these things mean that we are spending more money than we want to, and our budget is out of date.

Setting our new budget

The first, and biggest step we are taking to take our finances back to basics is to set up our new budget.
This budget is going to reflect the adjustments that we need to make due to increased bills, but also adjust our groceries and eating out budget accordingly.

Spending less

I am not a fan of designated No Spend Days – I find that by thinking about them I rebel and spend money on things I would never normally even look at.
I want to challenge this from now until the end of May, by trying to spend as little money as possible. There are some big expenses that we have to pay out for between now and the end of May, so cutting back in other areas will help.
The first step it to meal plan and use up food we already have in the house. Over Easter we got a ton of reduced meat from Sainsbury's, so our freezers are full. We should only need to buy fresh fruit, veg, bread and milk regularly. This will make a significant difference in our grocery spend.

 Side hustles

Whilst our business is growing, one area taking a hit recently is my side hustling. This includes things like matched betting, surveys and selling our unwanted items on eBay.
I have started a new 1% at a time sheet to side hustle £1,000. Every time we reach £1,000 we transfer this into savings. So far this year we have completed 2 sheets, and we are at £124.46, and I can't wait to see this grow again! I want to dedicate at least 5 hours a week to side hustles again.
As you can see, there are some steps I am taking to take our money back to basics.

We love Mondays – they offer a fresh start and we want to read your money related blog posts too! Monday Money gives you a chance to share any existing money related blog posts, or create new posts to link us.
Open to all bloggers, not just money bloggers, we look forward to seeing what you have posted recently about money. We invite you to add your post to the linky.
The Monday Money linky is run by Lynn from Mrs Mummy Penny, Faith from Much More With Less and Emma from EmmaDrew.Info. We are really excited about inviting you to join in with this linky.


Taking part in the Monday Money will help you to not only find awesome bloggers and read great blog posts, but it will help to bring more traffic to your own blog posts. Give it a try, we would love for you to join in.
We will also share your blog posts with our audiences too!


We are really excited that you want to join in, but we do have some rules for taking part in the Monday Money linky.
1. Your blog post must have been published within the past 365 days.
2. It must related to money in some way.
3. You must include a link back to all of your hosts within the blog post you are linking up – you will find the HTML below.
4. You may link a maximum of one blog post per linky.
5. Please visit other bloggers participating in the linky – if you would like to leave a comment then that's great too. We would ask that you visit a minimum of 3 different blog posts within the linky.
6. Feel free to use the hashtag #MondayMoney when sharing your posts.
Copy and paste the following onto your blog post:
I'm taking part in the Monday Money linky with Lynn from Mrs Mummy PennyFaith from Much More With Less and Emma from EmmaDrew.Info

4 Comments on “Monday Money #1: Back To Basics”

  1. I’ve never got on with NSD’s but I know tons of people who love setting themselves the task of so many NSD’s a month!
    I need to get my sidehustles hustling again too!

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