Please check out SKYLISH.CO.UK for the new look. You are currently reading this blog via Bloglovin’ or on my old interface as the new website is integrated to Bloglovin’ (I know I’ve said this for the past month – but I will get it sorted!)
If you’re on the hunt for a grad job… well, it’s application season! And given that (i) before this, it was “(summer) intern season” and (ii) I’ve been working for three years as per my LinkedIn profile (bleurgh); I’ve been spending a bit of time recently chatting to, networking with, and answering the questions of (mostly) uni students who want to know what tips I have to break into banking. A question I get often, particularly from those sweating over the reality of longer hours in the working world, is “so… what do you do outside of work?” …Enter some spiel around having a blog and being really into health & fitness and entrepreneurship.
I’ve always done “something else” outside of my main focus – be it school, university, or work. I’ve been “side hustling” before the “side hustle” became such a widely spread terminology. This is partly because, well, there’s always just been so much I want to do. I mean right now I also want to (i) learn how to swim; (ii) learn a language and (iii) start dance classes, around all the other stuff I’m already trying to juggle at the moment (unlikely that I’ll be able to do all, to be honest…). Also, I’ve always just liked having “stuff” to do. Whilst I also really like sleeping, chilling and spending hours watching YouTube videos about random things, when I’m not lazing around, I like to be productive with my time.
I always encourage people fresh and new to the work world to develop their own side hustle. Or even just their own hobby (if your “hobby” can turn into a “hustle”, then that’s just an added plus). It’s always good to have total control over something you can call your own (e.g. this blog), and honestly given the 9-5 (using these hours loosely) life consumes so much of our times, I find having something else to do with my time to be some sort of relief from the office, something that keeps me going and something that lets me live out some things I am truly passionate about and really enjoy. Of course – it’s by force… but definitely recommended. Plus, you never know when something you’re doing for fun and due to passion will accidentally become something hugely successful – we’ve all seen it happen many times before!
So, what’s stopping you? I hear from people all the time that want to start up something on the side – be it as simple as an Instagram page to a fully fledged business, but often times this comes with excuses. Perhaps there’s not enough time, or said person needs to take out more time to develop their expertise, or maybe they’re simple just worried about perception.
I’ve been there before, too… haven’t we all? This year I started up my own fitness page on Instagram, I started it because I wanted to a platform to share this new passion and mine and also for the simple fact that I felt like it. But I was apprehensive about starting it for some time mainly because I had a very much “who do you think you are?” feeling towards myself around it all. Eventually, I realised I couldn’t let excuses hold me back, so I went for it, and a few months down the line, the page is going very well and I’m happy I took the plunge.
Finding time is always something I think you can find if you really want to. Of course – you can’t do everything. I’d love to have a thriving career, a blog, some social media accounts, learn to swim, learn a language or two, take weekly dance classes and maintain a good social life whilst keeping up going to the gym 5x a week… let’s chuck in writing my own book too. But there’s only 24 hours in a day, and for many of those hours we should be asleep. So – it’s just about prioritising. I write only one blog a week (well, heh, I try to…) because that’s all I have the time for. I go to the gym in the mornings so that I don’t have to stress about going after work. I try to be productive on my weekends but make time for friends, family (and a good turn up ;)), and just general relaxation after what has probably been a very long week. I try to do just one thing every evening that is what I personally want to do – that may be related to a number of any other side hustles (this evening’s one job – dusting off a blog post I wrote on Sunday and posting it!), I’ve gotten quick at filming and editing fitness videos for my fitness page, I make to-do lists, I get help when and where I can. I fit everything, and as much as I can of anything, into different slots. But I proritise what I really want to do the most. I’m not so sure if I’ll ever learn that language, but at some point I will take some dance classes and also one of these days, I’ll learn how to swim.
What’s in it for you? Well, a side hustle can be one of multiple streams of income. Also, the way the internet is set up these days, there are very minimal barriers of entry to pursuing some of your passions. It’s a way to put all of yourself and your creativity into something you can take ownership of.
If you have an idea in your head right now – I encourage you to just go for it. Enough excuses, more execution! Side hustles are what most young adults are doing to stay inspired these days.
Please check out SKYLISH.CO.UK for the new look. You are currently reading this blog via Bloglovin’ or on my old interface as the new website is integrated to Bloglovin’.
It’s been a while since I’ve done a work / school / uni or money related type of post over here – so I thought I’d wind it all back today with a little refresh of my tips for “saving money”, especially now that I’ve been working full-time for three years (bleurgh)!
Let’s be honest – saving money and also wanting to live your best-young-life isn’t always easy. You want to save to buy and property and invest your money because, well, that’s what smart people say you should do. At the same time, you want to be doing up baecation in Bali just like all these insta celebs. It’s definitely possible to save and enjoy, but it’s all about living within your means. Which brings us onto tip #1…
Make a realistic plan
When I first started getting full-time pay a few years back, the first thing I laid out for myself was: how much do I need to spend per month? At the time, I decided on splitting my monthly income into ~thirds and putting one third towards living, one third towards monthly spending and one third towards savings. I’d try and stick to this as stringently as I could but would at times dip into my savings if I had a non business-as-usual expense such as a holiday I wanted to book. I still sort of do things in a similar way except my split of income and what goes where has changed slightly as over these past three years my pay has increased but I still live in the same place and live in pretty much the same way bar a fancier hotel here and there. It’s important to be realistic – for e.g. I see people on Twitter sometimes vowing to spend just £300 or so a month on general life expenses. Now, if you live in London, this just isn’t that realistic. TfL alone I can chop up to £10 in a day if you don’t tap in and out correctly. And if you’re living out, you could end up going shopping one day for dishwasher tablets and spices for your meals and that zaps £10 out of your account just like that. Let’s not even mention car insurance, phone bills, gym payment etc – it stacks up very quickly. I would divide it in this way and in this order: (1) how much do you need to live (i.e rent a bills)? (2) what can you spend a month on “life” and general travel without absolutely restricting yourself but also not living too lavishly above your means and (3) what’s left for savings? Is it much at all? Which takes me onto point 2…
Decide on your priorities
If you divide up money for rent, gym, insurance, day-to-day living, food etc and the end balance is £0 – then it’s time to prioritise. Are you perhaps due a pay rise in a few months or years which means that for now, you’d rather continue to live as you do and start saving later down the line? Do you prioritise living out and renting and therefore you’d rather have that balance say £0 for the time being as long as it means you get to be independent? Is your #1 priority to save up money to buy your own property within the next 3 years? I think once you can prioritise, you can better decide on where you want your expenses to go. For example, some people decide they’d rather live at home for a few years than rent, so that they can save up as much as possible to buy their own property ASAP. Some people decide to ditch the rent and spend that money on travelling the world. Some people would rather forgo that gym membership and expensive phone contract if it means they can save up for a new Chanel. It can even be as little as picking Better Gym over Third Space Gym and saving yourself over £100 monthly in the process. Basically – what’s important to you? That’s the question.
Start saving on the small things
There are little things you can very easily cut down and out in your life that could lead to way more savings. The truth is, other than a few random big payments here and there, most of what drowns our accounts is money paid out to big corporations – two big culprits being TfL (i.e. public transport) and Deliveroo (i.e. food delivery services). Here are a few things you can do to make a big difference fast:
- Walk more instead of constantly getting public transport
- Cook more – limit Deliveroo to 1 or 2 times a week (have you seen the amount they charge to deliver these days?! It used to be £2.50)
- Pack your own lunches for work
- Shop less – spend less time at Missguided and spend money instead on quality pieces that last longer (although more expensive at the time of purchase)
- Uber less (unless you really have to / it’s the safest option (sometimes, we all just get lazy))
- Buy the same thing cheaper (for e.g. sometimes Tesco’s own ketchup can taste just as good as Heinz ;))
When I first started work, I’d tell myself “I want to save £x amount by the end of the year”. I met my goal, then last year, I made a big investment and I reset my goal. Recently, I told myself “I want to save £x amount before I start paying down my student loan voluntarily” (I just hit it this month, eek, time to slowly stop letting SFE take all my money via interest). When you have a goal – maybe it’s to get a mortgage, pay for an expensive holiday or even buy a designer bag (but, definitely, mortgages/investments over designer bags!), there’s more motivation behind your saving each month, you’re more likely to actually save.
Stuff to remember:
I always say that whilst saving important – you should always feel free to treat yourself. A few years ago I heard of guy that spent his whole first year of full time work living at home, going on no holiday breaks, no nights out, never eating out, never shopping, barely seeing his friends and basically falling into exile because he wanted to spend every last drop on paying off his student loan. Perhaps, that is commendable – what I can say is that I simply can never do that. I’m in my 20s, I work hard, I don’t want to suffer ya’ll. I’ll treat myself with a weekend break, a nice hotel, or evening at a night restaurant if the opportunity presents itself, because these things make memories for when we’re older with real things to worry about like children and a family! It’s the same way reason why after a night out I’ll always get an uber – I don’t want to suffer ya’ll. An uber is usually safer at 4am and also, at 4am after the club, I’m probably hellllaaa tired – I’m not rolling onto the night tube! Saving money is important – but living is important too.
Another thing to remember is that once your bank account does start to stack up, the question is – what next? Most wealthy people hold their cash in diversified places – put money into a mortgage, hold some in an ISA, invest in some stocks and/or bonds, keep some money in cash in their bank account etc. Now I’m no master investor but this is definitely something to keep in mind – do more with your money. One of my New Year’s Resolutions was actually to start investing my money (and not just in bitcoin ha – yes I still have some money in cryptocurrencies from just before the hype last year) – I hope to be able to come back to you with a nice juicy post on what you can do in this sense at the end of the year!
Andddd with that – have a great week people!