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Every Thursday I will be bringing you another instalment of my guest series, Money Talks. I’ll be featuring bloggers from all walks of life giving their answers to money-related questions. Hopefully you will find a new blog to read and learn more about other people online. Money Talks will be live every Thursday and I’ve got some absolutely fantastic bloggers taking part! Hope you enjoy it. If you’re a blogger and want to take part then get in touch. This weeks instalment features Motherhood Diaries. You can check out the Motherhood Diaries website here.
When did you start blogging?
I started blogging when I was five months pregnant with my first, back in June 2010. I didn’t take it seriously until May 2013 though.
What inspired your blog name?
I had just quit my gruelling job at a City law firm and I was desperate to find an outlet for all this creativity that I had bottled up from wanting to be a writer since I was 5. I had just found out that I was pregnant and, back then, I had no idea what blogging meant, so I just wanted to keep an online diary of my pregnancy – hence the name ‘Motherhood Diaries’ popped into my head.
What is your attitude to money – are you a spender or a saver?
I’m naturally a spender, but I am using every ounce of my control to be a saver. At uni, I was terrible, always dipping into my overdraft and never really being in credit. But, when my kids came along, I was petrified to be in the red (I still am), in case, we needed money for emergencies. Saving money is slow since we live in an affluent area and our outlays are ridiculous. But, I’m glad I can work around the kids’ school times, which means that we don’t need to pay for childcare and I still get to be a hands-on mum. Online messenger bot tools like Cleo and Moneybox keep me on top of my daily spending habits too, so I don’t just spend on a whim. They also save money for me, by taking out a percentage of my earnings without me consciously seeing the money come out of my account – it’s brilliant!
What is the best bargain you have ever purchased?
It would have to be my current PC. I have a top-of-the-range PC with two large screens, which I built from scratch (with the help of my dad and husband) for around £800. It would be more than double its worth if I bought everything outright.
What is the biggest splurge you have ever made?
My very first car, a Nissan Sunny, when I was 18. It was only around £2,000, but back then it felt like millions on a student’s salary!
If you had £100,000 right now what would you do with it?
It would go straight into mine and my husband’s businesses so we can earn more from it. Either that or towards a deposit for a house – we’re still looking for our forever house.
If you could go back 10 years & give yourself one piece of money related advice what would it be?
Save money all the time! Even if it’s just 5% of what you earn, it all adds up. Put the money in a savings vehicle that you are not able to touch for at least ten years and which offers a high rate of interest (if that even exists). Save, save, save!
What was the last item you purchased?
A Kindle HD Fire for my son’s 7th birthday just before Christmas, as well as LOTS of Christmas, presents for family and friends.
What is your favourite ever blog post?
I have a few favourite blog posts, but my favourite non-money related post would have to be ‘Aidan’s birth Story’ (he’s now 5).
What is your biggest money regret?
Getting into debt at university and taking a long time to get over it. Something has to change in this country if students are going to get a smidgen of a chance to survive in the working world afterwards. They now face the difficult balancing act of how much money they can save by not going to university vs their education, which will offer them more scope to getting better-paid jobs. It’s not fair for younger people to have to make this choice so early on. Get into debt or lose your education? Of course, it’s not always like that – if you are fortunate to have your education paid for you or you saved up some money to pay for your fees, then you won’t fall into this category, but my parents had four kids, all of us went to university and we paid our own way – the aftermath of saving disposable income wasn’t easy to say the least!
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