When is saving not saving?

By Uncategorized No Comments

Coffee with a friend

It was a warm summers day, and I had just managed to bag some real bargains.

I met up with my dear friend for a coffee, she’s an Accountant, and I had saved a load of money.  That was bound to be a good thing, as I sat down, with my feet throbbing in my designer heels.

God did I need a coffee. I had been marching around the shops and queuing to pay for all my lovely stuff. I had done it all, makeup, clothes, shoes, bags along with all the accessories I would ever need again.  I even managed to bag a brilliant offer in the handmade soap shop, a real luxury. I could feel the hot chocolate bath already!

Spend, Spend, Spend

“Wow you’ve been busy”, she said

“Yes,” I said, “I have saved loads of money, and my feet are killing me.” “God, do I need this coffee”.

“So, tell me how have you saved money?” she asked

“Because I don’t think you have.”

“um, yes I have” I replied as I continued to rummage through my bags, pulling out my loot and asking if the colour would suit me.

 “I have managed to add to my wardrobe for half price,”

“Oh, OK,” my friend said, “How much did you save?”

“£200.00, It was all half price.”

“So, you have spent £200.00? ”, she asked

“Yes”, I said, sipping my fantastic coffee and eyeing up the lemon cake.

“which has come out of your bank?” she asked

“Yes, actually it was a credit card, but it could have been £400.00”.

“Do you need all these clothes?”

I was beginning to feel annoyed.

I’d done so well, I had worked my socks off to get these bargains, and now the excitement was starting to fade away.

“How big is your wardrobe now?” she asked

“Big” I replied

“Capsule big?” she asked

“No, double wardrobe and a rack big.”

“OK” she replied, I could see the confusion on her face.

“So, will you be selling your old clothes, to make room for the new ones?”

“um no! Why would I do that?” I replied, sipping my coffee

“OK,” my friend said, she was thinking while taking a massive bite from her cake.

“so, what you’re saying is you have increased your already bulging wardrobe, including a hoard of accessories.  Which quite honestly although you’ll look great you don’t need it, and you haven’t saved up for any of it.

“yes” I replied

“I’m working as a Sales Manager;  I need to look good!” 

Did I really save money?

“Right, OK”, she said, “I’ll give you an example, “If you had savings and your designer shoes were wearing out, and you needed new ones,

“Yeah”, I replied, trying to imagine any of my designer shoes wearing out, which was not easy.

“Right,”

 “And you found a new pair in this shopping centre for half price; you would have saved 50%.  Because it was an expense, you needed to make.” she continued,

“If you don’t need the stuff you buy and you pop it onto your credit card, or it comes out of the bank it has cost you, you haven’t saved.”

Suddenly I realised.

Could it be that because I hadn’t saved up the money to buy my stuff and I didn’t need it either I had spent money, rather than save money?

And on my credit card too, which will cost me even more in interest and possibly years of my life, if I pay the minimum payment.

Did I keep my stuff? Too right I did, but her nugget of information has been my mantra for decades and has kept me on a very narrow path when it comes to the Sales.

Let me know in the comments if you get this. It’s a bit weird but makes sense.

If you don’t need it and you still buy it in the Sales, it has cost you.  But if you need it and you get it half price, you’ve done it; you have saved money.

Christmas Count Down

There are 20 weeks until Christmas.  Nineteen weeks to save up. So any Sales that we buy from our saving at Christmas time will have genuinely saved us money

Sometimes we all need someone to talk about our finances and help us reach our goals.

If you want to work with me, helping you have a better relationship with your money and reaching your financial goals.

Book a FREE 30-minute appointment with me to have a chat.

Where to go if you need advice: Step Change  Citizens Advice Bureau, Money Advice Service, Christians Against Poverty , National Debt LineShelter, Turn2us,

High Wycombe Bucks has a new food hub, click here for further details

Disclaimer,  Patricia Buckland, 459 Micklefield Road, High Wycombe, BUCKS HP13 7HZ

Presenting as Debt Talk Ltd

The information and education (the “material”) provided by Debt Talk Ltd (the “author” is from sources believed to be reliable, but the author makes no representation or warranty expressed or implied as to the accuracy or completeness of the material. The material is provided for assistance of the readers of my blogs, attendees of the workshops and meetings, but is not to be relied upon as authoritative or taken in substitution for the exercise of the attendees’ own skill and judgement. The author accepts no liability whatsoever for any direct, indirect or consequential loss arising from any use of the material or information, data third party information provided by the author.

The material provided by the author does not constitute advice for the purposes of any individual case and it cannot be a substitute for specific advice based on the circumstances of an individual case. The author wishes to make it clear that the readers of my blog, the attendees of the workshops and group meetings must take specific advice tailored to their own specific circumstances and whilst the author has used reasonable skill in order to provide relevant information to the attendees relating to their eligibility for personal government entitlements, the author’s role is only to educate and therefore the author will accept no liability whatsoever for the direct, indirect or consequential loss or damage arising from any reliance placed upon their material for any purpose.

Thinking about the Holiday Season Already!

By Uncategorized No Comments
Photo by Arnel Hasanovic on Unsplash

Wow.  Yes, I don’t think I’m the first to say the word, Christmas. 

I know It just seems too early to be thinking of Christmas and how to afford it. But if you are not having a summer holiday this year, maybe this is the time to start planning Christmas.

Or if you start to buy now, you might save money in the long run, which would make it a Frugal Christmas.

My first thought is always; we don’t need to buy substantially expensive presents to show our love for each other at this time of the year. 

A small token gift would be great if I could only stick to it. Every year I start to feel guilty and want to spend, spend, spend. 

So every year, I set a budget that I can afford and begin to save up or start to buy gifts this month.  So I miss the Christmas rush, except for the last minute shop.  Which I usually do at Midnight.

Usually, this is the time of the year. I start to look around to book the Christmas Family Meal.

It’s where 26 people, no matter where they are in the world all congregate together as one big family to celebrate Christmas. 

This year it will be different.  But I’m still thinking and planning already.  Is this now the new norm?

The other day a friend and I shared their signature recipe a chocolate-covered honeycomb broken into small pieces. And we decided that a small box of this would make lovely Christmas Presents.

Mainly because I happened to love them and they were pretty cheap to make.

So, first things first, you need to know your numbers as they say.  Yes, your household budget. So you can calculate how much you can save each month. Or afford to spend on gifts. And still, pay your bills. 

Just think there are 23 weeks until Christmas, so if you start to save £9.99 a week for the next 22 weeks, you would have £219.78 to spend. I have calculated 22 weeks, so you get a week to spend the money!

Once you’ve worked out your Christmas financial budget, you will know how much to put aside or how much you have to buy gifts.

When you’re shopping, think about picking up a couple of extra generic foods that can you can store until then. And some planned for gifts. 

Sometimes we all need someone to talk about our finances and help us reach our goals.

If you want to work with your Financial Education and me, helping you have a better relationship with your money and reaching your financial goals.

Book a FREE 30-minute appointment with me to have a chat.

Where to go if you need advice: Step Change  Citizens Advice Bureau, Money Advice Service, Christians Against Poverty, National Debt LineShelter, Turn2us,

High Wycombe Bucks has a new food hub, click here for further details

Disclaimer,  Patricia Buckland, 459 Micklefield Road, High Wycombe, BUCKS HP13 7HZ

Presenting as Debt Talk Ltd

The information and education (the “material”) provided by Debt Talk Ltd (the “author” is from sources believed to be reliable, but the author makes no representation or warranty expressed or implied as to the accuracy or completeness of the material. The material is provided for assistance of the readers of my blogs, attendees of the workshops and meetings, but is not to be relied upon as authoritative or taken in substitution for the exercise of the attendees’ own skill and judgement. The author accepts no liability whatsoever for any direct, indirect or consequential loss arising from any use of the material or information, data third party information provided by the author.

The material provided by the author does not constitute advice for the purposes of any individual case and it cannot be a substitute for specific advice based on the circumstances of an individual case. The author wishes to make it clear that the readers of my blog, the attendees of the workshops and group meetings must take specific advice tailored to their own specific circumstances and whilst the author has used reasonable skill in order to provide relevant information to the attendees relating to their eligibility for personal government entitlements, the author’s role is only to educate and therefore the author will accept no liability whatsoever for the direct, indirect or consequential loss or damage arising from any reliance placed upon their material for any purpose.

Self Care on a budget

By Uncategorized No Comments

I am continuing the Allotment theme as part of my Financial Education blog.

I find my allotment not only allows me to grow my food. During the lockdown, it provided me with the solitude I needed for my mental Wellbeing.

For example, the other day hubby and I were on the allotment. As part of the ‘allotment ritual,’ we always put up the fishing umbrella.  It’s almost a tent and keeps us dry if it starts to rain.

If it does, we pour ourselves a cup of coffee and sit together chatting about what we have achieved, that day, usually while we are having lunch.

This particular day, I was sat under the umbrella on my own, sipping my coffee, and the rain started to fall.

I could hear the pitter-patter of the raindrops as I sit back in my seat watching the steam from my coffee winding towards the sky.  The sound of the rain momentarily transports me back to when I was camping as a kid. The singing birds and the smell of the wet earth after the shower made me feel at peace.

Why do I include this subject as part of my Financial Education blog?

It just so happens that my allotment doesn’t cost too much and provides a place of solitude that I needed to feel safe.

So I get self-care on a budget.

Sometimes we all need someone to talk about our personal finances and help us reach our goals.

If you want to work with your Financial Education and me, helping you have a better relationship with your money and reaching your financial goals.

Book a FREE 30-minute appointment with me to have a chat about working with me.

Photo by Azhar on Unsplash
Photo by Knut Troim on Unsplash 

All photos are for illustrative purposes only

Where to go if you need financial advice: Step Change  Citizens Advice Bureau, Money Advice Service, Christians Against Poverty, National Debt LineShelter, Turn2us,

Disclaimer, Patricia Buckland, 459 Micklefield Road, High Wycombe, BUCKS HP13 7HZ

Presenting as Debt Talk Ltd

The information and education (the “material”) provided by Debt Talk Ltd (the “author” is from sources believed to be reliable, but the author makes no representation or warranty expressed or implied as to the accuracy or completeness of the material. The material is provided for assistance of the readers of my blogs, attendees of the workshops and meetings, but is not to be relied upon as authoritative or taken in substitution for the exercise of the attendees’ own skill and judgement. The author accepts no liability whatsoever for any direct, indirect or consequential loss arising from any use of the material or information, data third party information provided by the author.

The material provided by the author does not constitute advice for the purposes of any individual case and it cannot be a substitute for specific advice based on the circumstances of an individual case. The author wishes to make it clear that the readers of my blog, attendees of the workshops and group meetings must take specific advice tailored to their own specific circumstances and whilst the author has used reasonable skill in order to provide relevant information to the attendees relating to their eligibility for personal government entitlements, the author’s role is only to educate and therefore the author will accept no liability whatsoever for the direct, indirect or consequential loss or damage arising from any reliance placed upon their material for any purpose.

The Food expense on our budget

By Uncategorized

Financial Education helps us look at our budget expenses. Food is a priority bill, so I thought over the next few blogs I would talk about food, one of our priority bills on our budget and how I try to save money and still eat well.

  1. My Allotment

I’m no gardener but have an allotment, which I grow my food on.  It may be hard work, but it’s so rewarding to know where your food comes from and that you are eating vegetables in season.

At the moment amongst other things, I have Runner Beans, Potatoes and Rhubarb growing.

Runner Beans
Potatoes
Rhubarb

I think growing my food helps me save money, which will be a massive help towards my family food bill during the winter when the heatings back on and bills start to accumulate, helping me balance my budget and afford the little luxuries I like.

Sometimes we all need someone to talk about our personal finances and help us reach our goals.

If you would like to work with me on your Financial Education, helping you have a better relationship with your money and reaching your financial goals.

Book a FREE 30-minute appointment with me to have a chat about working with me.

Disclaimer,  Patricia Buckland, 459 Micklefield Road, High Wycombe, BUCKS HP13 7HZ Presenting as Debt Talk Ltd. The information and education (the “material”) provided by Debt Talk Ltd (the “author” is from sources believed to be reliable, but the author makes no representation or warranty expressed or implied as to the accuracy or completeness of the material. The material is provided for assistance of the readers of my blogs, attendees of the workshops and meetings, but is not to be relied upon as authoritative or taken in substitution for the exercise of the attendees’ own skill and judgement. The author accepts no liability whatsoever for any direct, indirect or consequential loss arising from any use of the material or information, data third party information provided by the author.

The material provided by the author does not constitute advice for the purposes of any individual case and it cannot be a substitute for specific advice based on the circumstances of an individual case. The author wishes to make it clear that the readers of my blog, the attendees of the workshops and group meetings must take specific advice tailored to their own specific circumstances and whilst the author has used reasonable skill in order to provide relevant information to the attendees relating to their eligibility for personal government entitlements, the author’s role is only to educate and therefore the author will accept no liability whatsoever for the direct, indirect or consequential loss or damage arising from any reliance placed upon their material for any purpose.

Where to go if you need Debt Management help in the UK: Step Change  Citizens Advice Bureau, Money Advice Service, Christians Against Poverty, National Debt LineShelter, Turn2us,

Need to control your money, just don’t know how?

By Uncategorized

One way of controlling your money is to budget.

If you’re going to keep a budget, you need to have a reason.

The main reason for me is to take control of your finances and reduce your stress.

So, what does that mean?

For me, it means I always know my card payment will ‘go through’ at the supermarket. No embarrassing moment. Not having to wish it to ‘go through’ this time. Yep, that’s right I’ve already walked that path, so I know how it feels to have the panic attack at the checkout.

Budgeting for me, means I have control. How does it make me feel? Great.

So how do you start to budget?

You get to know your income really well.

If you’re self-employed, you make sure all your customers are paying their invoices within your terms, usually 30days.

Then you work out your expenses, and if they are more than your income, you need to look at where to cutback, which also means being frugal.

Saving money is a must if you need to balance your budget. This can start with merely buying a value grocery item at the supermarket, rather than a branded item.

Then to balance your budget you have to implement needs over wants, this can be the hard bit, what do you need rather than want?

As an example, I have a car, so that after this lockdown, I can go and revisit my friends.  There is always a discrepancy between what I want and what I need!!

Anyone that knows me can tell that when I turn up at theirs in my car!! (it’s ancient, but still works!!), so I have a car, but I would love a new one. 

The problem is I don’t want to borrow money against it or lose money on it.   So back to the old one then until I have enough disposable income to commit to a new car.

Sometimes we all need someone to talk about our personal finances and help us reach our goals.

If you want to work with your Financial Education and me, helping you have a better relationship with your money and reaching your financial goals.

Book a FREE 30-minute appointment with me to have a chat about working with me.

Disclaimer,  Patricia Buckland, 459 Micklefield Road, High Wycombe, BUCKS HP13 7HZ Presenting as Debt Talk Ltd. The information and education (the “material”) provided by Debt Talk Ltd (the “author” is from sources believed to be reliable, but the author makes no representation or warranty expressed or implied as to the accuracy or completeness of the material. The material is provided for assistance of the readers of my blogs, attendees of the workshops and meetings, but is not to be relied upon as authoritative or taken in substitution for the exercise of the attendees’ own skill and judgement. The author accepts no liability whatsoever for any direct, indirect or consequential loss arising from any use of the material or information, data third party information provided by the author.

The material provided by the author does not constitute advice for the purposes of any individual case and it cannot be a substitute for specific advice based on the circumstances of an individual case. The author wishes to make it clear that the readers of my blog, the attendees of the workshops and group meetings must take specific advice tailored to their own specific circumstances and whilst the author has used reasonable skill in order to provide relevant information to the attendees relating to their eligibility for personal government entitlements, the author’s role is only to educate and therefore the author will accept no liability whatsoever for the direct, indirect or consequential loss or damage arising from any reliance placed upon their material for any purpose.

Where to go if you need Debt Management help in the UK: Step Change  Citizens Advice Bureau, Money Advice Service, Christians Against Poverty, National Debt LineShelter, Turn2us,

Blog

By Uncategorized

It’s OK to be Frugal. Right?

Being frugal can bring it’s own rewards, although not everyone will agree if you do this blog is for you.

Wow, how things have changed since the Coronavirus Lockdown. We are still working from home if we can.  The Lockdown is relaxing now, but quite honestly, it has undoubtedly changed my spending habits, I find myself dressing down during the day.

When I am online in meetings, I pop on a little make-up and like to look good. It gets my head in the right zone.

 I believe you still need to have a great look when you are trying to sell your product unless of course, you are the customer!

I was positively surprised by the Coronavirus; I certainly did not expect a lockdown and panic buying.  I now feel more prepared, for what seems a very uncertain future concerning employment and money.

For me, being frugal is a way of life.  I prefer this than increasing my borrowing, especially if my future income is going to be uncertain.  It helps save money and afford to continue to buy everyday luxuries that help me feel great.

Maybe it will need to be a Lifestyle change?  Or just small changes here and there that will make a huge difference?

If this resonates with you book your free 30 minutes chat with me, and we can continue to talk about your Finances and how we can work together.

Disclaimer,  Patricia Buckland, 459 Micklefield Road, High Wycombe, BUCKS HP13 7HZ Presenting as Debt Talk Ltd. The information and education (the “material”) provided by Debt Talk Ltd (the “author” is from sources believed to be reliable, but the author makes no representation or warranty expressed or implied as to the accuracy or completeness of the material. The material is provided for assistance of the readers of my blogs, attendees of the workshops and meetings, but is not to be relied upon as authoritative or taken in substitution for the exercise of the attendees’ own skill and judgement. The author accepts no liability whatsoever for any direct, indirect or consequential loss arising from any use of the material or information, data third party information provided by the author.

The material provided by the author does not constitute advice for the purposes of any individual case and it cannot be a substitute for specific advice based on the circumstances of an individual case. The author wishes to make it clear that the readers of my blog, the attendees of the workshops and group meetings must take specific advice tailored to their own specific circumstances and whilst the author has used reasonable skill in order to provide relevant information to the attendees relating to their eligibility for personal government entitlements, the author’s role is only to educate and therefore the author will accept no liability whatsoever for the direct, indirect or consequential loss or damage arising from any reliance placed upon their material for any purpose.

Where to go if you need Debt Management help in the UK: Step Change  Citizens Advice Bureau, Money Advice Service, Christians Against Poverty, National Debt LineShelter, Turn2us,