Money Advice I Would Tell My Younger Self

Know that buying cheap means buying twice Wherever you can, buy high quality and don't balk at the price tag - it's worth it. ...



Know that buying cheap means buying twice
Wherever you can, buy high quality and don't balk at the price tag - it's worth it.


You don't need as many clothes as you think you do
Start working on that minimal wardrobe; buy fewer items that are high quality, functional, and versatile.


Stop reading beauty blogs
You don't need all those products. At best you "need" an exceptional cleanser, a good face mask, something to deal with the odd break out, sunscreen, and a moisturiser. Anything else is a bonus.


Spend money on experiences not things
If you're going to spend a lot of money, spend it on something that's long lasting and you will remember forever.


Read the Terms and Conditions
As boring as it might seem, you must read the terms and conditions of any financial paperwork.


Negotiate your salary
Just because you are new to the job doesn't mean you don't have a worthy skill set; don't just accept what's offered, negotiate and get paid what you deserve.


Write a business plan
You will see your business is financially viable; you will know exactly how much you need to take per month; you be in control, and you will feel more relaxed about money in general if you just write a business plan.


Remember what your savings are for
Don't forget the reason you are saving and remember, when the time comes, that's what it's there for.


Stop feeling guilty
You don't need to over analyse every little purchase and feel guilty about buying something you want rather than need. You've never been excessive with purchases, so why the guilt?

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47 SHARE YOUR THOUGHTS

  1. I love this list! I completely agree with the beauty blog one. I used to run one, but soon realized that in order to feel relevant I kept making unnecessary purchases. I've stopped making frivolous purchases and have since switched blog niches, and my wallet and I have never been happier. (My next experience to save for is hopefully Paris this year with my sister!)


    www.mascarawarrior.com

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  2. Love this list! I tend to shy away from financial advice because I always feel so condemned afterwards! But I love your bitesize pieces :) xx

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  3. Thanks for the list. This tips are really helpful.

    x Kate
    www.the-little-day-dreamer.blogspot.com

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  4. Nice post and great advice. I'm always thinking about what I would say to my younger self to help her find her way.

    http://insidesai.blogspot.co.uk/

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  5. Ellen Bourne12/13/2014

    Good advice! I feel like those beauty blogs need a more 'lifestyle-centric' focus w/ beauty thrown in. X

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  6. Camille Beygui12/13/2014

    Great advice !

    Xoxo

    http://fashionbackyard.blogspot.fr

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  7. Victoria Lau12/13/2014

    Great simple tips. The first one "buying cheap means buying twice" is sooooo true! Although sometimes a girl needs a quick "cheap" dress or top for a one time occasion (e.g. Vegas). I too am working on the minimalistic wardrobe. I really admire the people who do it because a) their closet isn't full of clutter and b) getting dressed in the morning must be so easy. But for now, I'll just keep what I have in my closet...and make sure I don't add any more!


    Victoria
    chicvic.com

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  8. This is seriously everything I've been telling myself for the past 6 months! I agree so much with the last one, making yourself feel guilty for purchases when you're not frivolous is the worst. It creates such a horrible mindset, so I'm teaching myself all the time! Absolutely love this post :)

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  9. Great tips! I get so sucked in by deals, but have been trying to save and do research to find high quality items instead. Definitely going to keep your business tips in mind in the coming months as well!

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  10. Didn't realize I was buying twice as many things on my cheap budget until I cleaned out my closet haha - thanks for the gentle reminders!

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  11. it's not to late. make a list of all the things you do, especially additional task/things you do now that weren't in your job description or that you dint do when you began. set a meeting with your manager and tell him that due to this you believe your salary should increase to X. make sure £X is a few thousand above what you want/expect to get less than you ask for. take, the list in with you, i've found that helps because my boss was not aware what the meeting was about and he did not disagree with my points, but the list i guess intimidated him a bit. within 6 months of my job, my salary increase by £2000 just to give you an idea, and he said he was willing to re-consider in 6 month increasing again. but i'm not working there anymore (just in case you wanted to know)

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  12. tiggles12/14/2014

    Great list! These are all things I need to work on. The beauty blog one is spot on. Although I don't necessarily feel compelled to buy things my favourite bloggers use or review, when browsing through drugstores I have caught myself thinking 'hey, I can review that for my blog'. Uh-oh...

    Beauty Challenged

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  13. that bit about negotiating my salary is definitely so key!

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  14. Absolutely. I think we're taught to you take what we can get rather than to fight for our worth.

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  15. I feel the same, or I used to. I never bought things just because bloggers reviewed/featured it but I did start to pick up cheap items just for the sake of it. I realised I could spend more money on fewer, better items and be happier :))

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  16. I felt the same way when I worked in marketing, I just accepted the money they offered me and didn't stop to think whether I deserved more for my skills.

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  17. I was the same! I do buy a lot of cheap second hand clothes still, but all of it is vintage so I don't count them - but I never buy cheaper high street clothing anymore. It falls apart and looks awful after one wash.

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  18. Deals and sales are OK if they are worth it; I picked up all my jumpers and cardigans in sales, basic items you know will stay with you but make sure you pick them up in good shops rather than cheap high street stores.

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  19. I feel guilty about EVERYTHING I spend money on aside from bills and food, it's ridiculous. I just feel awful whenever I buy something I don't "need." While I never want to lose my cautious nature with money (I'm a saver!) I definitely need to relax and enjoy the money I have earned.

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  20. I do agree with you, sometimes you just need something cheap because it's for a one-off event or something you wouldn't normally wear but you HAVE to. But I am really into building my own minimal wardrobe, it makes life a whole lot easier.

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  21. I think, if people discussed money more, a lot of people wouldn't be so frivolous with their purchases.

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  22. Awesome - I am glad they helped

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  23. I think it's important we all talk about money more but I definitely agree, sometimes financial advice just makes you feel guilty.

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  24. I'm sure you'll save the money for the trip and you will have an amazing time! <3

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  25. this is was a really helpful read.

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  26. Dearie, I couldn't agree more. Especially with the "Spend money on experiences not things", since experience is priceless! :)

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  27. Thank you so much for this money advice
    hannahcatherin.blogspot.com

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  28. Holy cow YES! Especially #1 ... I've always wondered why people do so many Primark hauls when they could just hop into Harrods, spend a little more on a jumper and be able to keep it for years instead of tossing it out after one or two washes when the hem starts to unravel. These people end up spending so much more money on cheap clothes than they would have done if they had just invested in one or two high quality items.

    /rant

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  29. thisoutlet12/15/2014

    I've actually stopped reading as many beauty blogs and I'm working towards posting less about beauty myself (and spending less on it), so I'm praising point two! Definitely liking the idea of a minimal wardrobe too, I need to get rid of a lot of one-off unique pieces in my wardrobe and clean it up a bit, with lots of staple pieces and only a few quirky items. I reckon that will save me so much more money haha! I've also started to keep track of my expenditures and business inflows/outflows to give a better idea of what I'm doing with my money. I ought to learn; I'm much more of a spender not a saved, but I hope I can change!

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  30. How to make a business plan? which elements you will like to include in your business plan ?

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  31. The first tip says it all and basically sums up what I've been doing ever since I started earning my own money. I'm also somewhat of an impulse buyer but at least I started buying high quality products or clothes rather than these 5Pounds H&M pieces you never actually end up wearing.

    Elina

    Miss Blue Eyes

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  32. It's so easy to get distracted by the cheaper options, some of them look really nice but they never last.

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  33. I think I might do a post on this as it's quite a big topic, but I recommended looking at websites like The Prince's Trust, they offer a very basic, easy to understand plan :))

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  34. I definitely recommend keeping a spreadsheet of income and expenses. It makes you more aware of what you're spending and on what, and where you can save money. I never used to be a saver but with a few lifestyle tweaks, I've become a lot more responsible with my money.

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  35. Ugh, I 100% agree. I really cringe when I see Primark or H&M hauls.. sure it cost only £50 in total but none of those items are going to last through a couple of washes. A lot of people say they can't afford to spend more on clothing.. but it has nothing to do with spending MORE, it has everything to do with spending in the right places. £50 on one item that will last years or £50 on five items that will last two washes, it's obvious which is the right decision, right?

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  36. I hope it helps :))

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  37. Absolutely. I mean, it's OK buying things but it's more important to spend on experiences and doing things.

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  38. Glad to hear it :))

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  39. Spend on experiences not things... yep I definitely live by that one!
    That's why when I finished uni, I'd had great holidays - no house deposit though ;)
    I get wound up about cash all the time, not properly wound up, but you know fretting a little... it all works out in the end though!

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  40. Ha, I love all of these "lessons," and I echo them all! Oh, younger self, haha.

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  41. thisoutlet12/18/2014

    Definitely. I think if I set up an Excel Spreadsheet I'll be able to manage things so much better and see where my weaknesses are in terms of spending!

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  42. Really useful lessons, things I still can apply to myself right now, xx

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  43. Can I ask you a question; when you take your featured/s image, do you just place the objects on a table and shoot from birds-eye view?

    http://splash-of-edge.com/


    Ryan x

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