Finance? What about it?

50/30/20

Align your goals with your spending habits by dividing your wage into three sections:

50% - goes on essentials like food, rent, bills and commuting.

30% - on any hobbies, eating out or shopping

20% - goes into a savings pot, emergency fund or investments

Income streams

Having one career for life is becoming less common and the number of small businesses and entrepreneurs is growing.

Having a ‘side hustle’ can be a great way of earning some extra money, even if your fulltime job is your main source of income.

Make sure you complete your tax service every year and don’t let your ‘side hustle’ distract from your day job.

Here are some ideas:

• Food delivery services

• Blogging

• Tutoring

• Car rental services

• Selling artwork

• Ridesharing

Start an emergency fund

Have you started an emergency fund? It’s essential to have something like this in place if you can. Make it a non-negotiable fund that’ll be there to save you.

It gives you a safety net to fall back on if things goes wrong.

Don’t fall for social media

It’s so easy to get sucked into believing everyone else can afford to do amazing trips, buy expensive clothes and buy a house just like that. However, social media doesn’t always show the truth behind everything and it’s okay to go at your own pace.