How my financial goal helped me to save £800
I set myself a lofty goal at the beginning of March.
To save or make £800 in my personal finances.
I thought it seemed quite ridiculous and I was fairly skeptical about whether or not I could achieve it. However, I am also pretty determined and motivated by a goal, so I knew that I would do everything in my power to make it happen
With 7 days to go I had saved or made £628.97, which I was pretty chuffed with. To see how I did this please see my previous post. However, I knew that in order to reach my goal, I still had another £171.03 to find. Could I do it? In just 7 days? I needed to find just short of £25 a day for the next 7 days. I was beginning to run out of inspiration and getting a bit fed up with it.
I had put some items for sale on our local sales pages on Facebook, which hadn’t sold, so I decided to try them on eBay. I was hopeful that I would get a few quid for them. It was fairly easy to upload them, because the eBay app allowed me to scan the barcode and it then gave a description of the item for me. This is a huge timesaver that I would really recommend. You could even start buying things to then resell on eBay and Ruth has some great ideas for sourcing items for this.
I also returned a jumper that I had bought at the end of February, before remembering that I had a very similar one already! I had toyed with the idea of keeping it anyway, but decided that I really DIDN’T need it, and the money would be better going towards my goal. I had kept the receipt and there was no problem with returning the jumper, adding £32.99 into my fund.
Luckily one of my friends was needing to book car hire for her holiday, and had read in my previous blog post that I had saved £41.07, by booking it through Top Cashback. She decided to sign up for Top Cashback and book using that – she saved over £38 on her car hire and I got a £7.50 for recommending her. Win-win!
A great deal
I had also been chatting to some other mum friends who were telling me that their kids had got vouchers for Christmas that they were unlikely to use. I suggested that they try to sell the vouchers on Zeek, which is an online marketplace for buying and selling unwanted vouchers. Those who are selling unwanted vouchers get the cash from the sale into their bank account within hours in most cases. Those who are buying vouchers are onto a good thing too, because they can be bought at a discounted rate.
These two friends both signed up to Zeek and sold their children’s vouchers within 24 hours. One of them then bought herself discounted vouchers, which she was able to put towards a pair of boots she had seen in the sale that day, getting her an extra 8% off the boots. She did give her daughter the cash for the vouchers that she sold though! Zeek offer £5 credit to new members, as well as £5 to the person who recommends them, so that was another wee £10 towards my fund.
Still scares me
I decided to try another couple of matched bets, even though it was still scaring me senseless! I made another £47.65, taking my matched betting total for the month to £122.89 and my total savings for the month to £727.11. I intend to keep doing this, but I definitely need to build my confidence with it, because it doesn’t do my heart any good!
I also made another £25 through my new wee friend Plum. Plum is a fun, easy and exciting way to save money. It (s/he?) is a personal savings assistant, which monitors your spending and then automatically transfers small amounts of money into your Plum savings account. It communicates with you via Facebook messenger and it honestly feels like having a conversation with a friend! To save or withdraw money you simply message Plum and it will message back immediately. It is lovely to get a surprise message from Plum telling you what the total in your account is, especially when I got one saying that 3 of my friends had also signed up, meaning I got a £25 bonus!
With only one day left to go I still had £47.89 to find, so I was keen to see how my eBay sales would go. Badly, is the answer! I didn’t make one sale. This was really disappointing, because I had been counting on this money to get me to my target. I have since found this great guide to selling on eBay, which might be helpful to you.
I was going on holiday the next day, so I didn’t have any time to come up with any other ideas and I was a bit annoyed that I wasn’t going to reach my goal.
However, I had packing and a million other things to do, so I just forgot about it and got on with my tasks. I was back at the computer, finishing off some tasks, by the time my hubby came in from work. He came over and plonked some cash down in front of me! His mum had given us £100 to treat ourselves to a meal out on our holidays. This was a lovely and very unexpected bonus, which took me well over my £800 target.
What worked for me?
I know for sure that if I hadn’t set myself that £800 goal at the beginning of the month, there is no way that I would have been sitting £852.11 better off by the end of the month.
Setting goals is powerful. Letting the universe know exactly what you want is powerful. Being very specific is powerful.
Why not set yourself a goal of saving/making £1000 in the next month and download my 10 top tips to save £1000 to help you.