How To Set Goals And How To Achieve Them

I get so many questions on Instagram asking me how I create goals and how I stick to them. In this blog post I will be sharing a few top tips to help you complete your goals in the most effective way

What is your goal?

This may sound like a simple question but what is your goal? Are you buying a new home and want to save enough money for a deposit? Or are you paying off debt?

Having a goal is a great tool for motivation it also gives you a long term and short term vision and give you a sense of pride and self achievement.

Whatever your goal is you need to make sure you have a clear understanding of what it is and how you will complete it.

For me, my goal is to save £10,000 by my last pay day of the year which is the end of December, this is my main goal but I also have smaller goal such as saving for a new car, a years car insurance etc.

In order for me to complete this goal I break it down, and I will show you how to do this.

When are you going to achieve this?

In order to create a plan on how to complete your goal(s), you need to create a time frame that is realistic.

If you want to save £30,000 in 1 year but you only earn £15,000 a year then this seems unrealistic so you need to make it realistic for you.

How to Reach Your Financial Goals... 1 Day at a Time - Due

There are many factors you need to think about.

  • Pay days (How many Paydays do you have and how many will you need)
  • Time (Do you need to work extra hours at work? Will you have time)
  • Budget (Do you need to change your budget? Add or take away things)
  • Income (Do you need to increase your income? How are you going to do this)

For my goal I worked out how many paydays I have in the year (13 paydays) and I knew I needed to change up my budget.

I increased my hours at work, I also reduced what I was spending and I worked on reducing my monthly bills. Doing the above has really helped me maximise my savings.

I set myself this goal in September 2019 -December 2020 which is over a year to save this amount of money, and I am so close to reaching this goal. I currently have £8,740.67 saved!!

Do your goals fit in with your budget?

When I first created this my main goal of saving £10,000 in just over a year I knew I needed to change my budget. My bills were to high and my spending was getting out of hand.

Budget 2020: Your essential guide to Rishi Sunak's debut - BBC News

So I had to change my budget, I had to find ways to reduce my bills and maximize my savings.

Break it down to monthly goals.

I broke down my big goal by monthly goals, each month I would set myself a goal of saving a certain amount.

For me this worked so well as I was able to feel more accomplished each month rather then looking to far in the future.

Keep reviewing your goals!

You need to review your goals!

I review my main goals every 6 months, this gives me enough time to to work out what has gone wrong, and what I need to to in order to achieve my goal in the last 6 months of the year.

I hope this post helps you create some fantastic goals!

What are your top tips for creating a goal? Let me know in the comments!


What is the best budgeting method for you?

There are many different types of budgets out there, for all types of people and situations.

But what budgeting method is the best one for you?

When I first started my budgeting journey I had no idea what a budget was much less what type of budget was right for me. Since being on a budget I have tried two budgeting methods, Cash envelopes and a zero based budget.

But I was also interested to find out what other methods are out there and which ones are the most popular.

So if your new to budgeting or want a change but not sure what budget to go for then keep reading as I have done some research and found 3 of the most popular budget methods. I will be sharing the basics of the method, who it will work best for and what could go wrong. So keep reading.

The Balance Money Formula (50-20-30)


The balance money formula is most commonly known as the 50-20-30 budget and is very popular.

This method uses percentages to determine how this budget works. The idea is to spend 50% of your total income on your needs, 20% on savings, and 30% on wants.

But what is a need? 50%

A need is something that you need in order to survive such as mortgage, utilities, clothing, groceries, gas and much more. Basically anything that you cannot live without!

But this doesn’t mean that you can treat yourself every now and then.

What about savings? 20%

Your savings consist of any saving goals you have such as an emergency fund, debt repayment and even retirement goals.

It is a similar concept to what Dave Ramsey advocates with having a small emergency fund and concentrating on paying off your debt. (Keep an eye on my blog posts as I have a post coming soon all about Dave Ramsey’s baby steps)

What is a want? 30%

Your wants are exactly that, it is something that you want. You can live without it but you want it.

This includes TV subscriptions, clothing, technology, entertainment and anything else that you would like.

Is this budget for you?

This budget is designed to make budgeting more fun and easier to understand. Some budgeting methods have many different categories and this one only has 3.

So this budget is perfect for anyone who is starting out and finds budgeting confusing as it is very simple to follow.

What could go wrong with this budget?

Overspending has been described as the most common problem with this budget.

Since you are only budgeting for 3 categories it can be quite easy to spend a little too much on food for example and forget that you are low on fuel.

This best thing to stop this from happening is to have some wiggle room in each of your budgets. That way the money can be freely moved from your “wants” money to your “needs” if you overspend.

Cash – only budget (Cash envelopes)


This method is exactly as it sounds, it is cash based!

It is also known as the cash envelope system, where by you only use cash. This method of budgeting has been around for a long time. I remember my grandmother doing this method with her money many years ago. She would have an envelope for food, gas, electric, petrol and savings.

With this method you have a few categories, and then you withdraw the cash out from your bank account. The categories you have depend on your lifestyle, but they mainly include Food, transport, fun, holidays and so many more.

For example if you have a food budget of £400 for a month you will withdraw this from your bank account and keep it in an envelope.

Is this budget for you?

This budget has been described as working best for people who struggle with overspending. As once the cash is gone, it’s gone.

This method also encourages you to leave debit cards and credit cards at home and only use cash.

You can use credit cards if you so wish but it has to be in an emergency and not for every day spending. Using credit cards is completely dependant on your situation, if you are paying off credit card debt then perhaps this isn’t the best idea to use them.

It also allows you to save for all the fun things in life.

What could go wrong with this budget?

Well for one thing you need to make sure that you don’t carry a lot of money with you and not bringing all your cash envelopes with you as this is a risk.

To look after your money there are many envelopes holders online, check out amazon for affordable holders.

It’s also very easy to get confused as it is cash so I would recommend keeping receipts in with your envelopes to keep track. Perhaps even creating a spending tracker.

Zero- based budget:

The zero based budget is the method that I have used for the last two years and it has worked so well for me.

Zero- based budgeting is where the money you have in income matches exactly what is going out of your account. Essentially every penny you earn is being used.

But, this doesn’t mean that you are spending all of your money, it also refers to the money you put away for savings as this is “leaving your account”

When it comes to savings, on pay day you are paying your saving accounts. I pay “myself” (savings) before I spend the rest.

Basically some of your money is going to pay your household bills and the rest you are either paying off debt or maximise savings.

This method is very useful if you are following Dave Ramsey Baby steps, as his steps are all about maximising savings and paying off debt.

With this method, if you were to save and spend exactly what was in each of your budgeted categories, you wouldn’t be positive or negative. You would literally be at £0.

Is this the budget for you?

This budget has been described as the ultimate budget for people who want to be completely in control of their money, like myself.

It allows you to micromanage your money in a good way, as you get to decide in advance where every penny gets spent.

You typically wouldn’t spend any money unless it’s planned for.

This budget is also good for people like saving for many things at once, such as sinking funds. I have found this budget is great for helping me save all year round for birthdays, Christmas and holidays.

What could go wrong with this budget?

With every budget there are things that can go wrong.

Zero-based budgeting can be quite time-consuming due to how much planning and tracking is involved.

Ideally you need to have something that records every transaction so you do not go over budget. For me I use a banking app called Monzo which tracks all my spending and its much easier then writing it out every day.

As I live at home I do not have many bills so for me this budget is very managble as I do not have many outgoings. But if you are someone who has a lot of outgoings then this budget can be a bit too much.

I have also noticed that in this budget there isn’t much room for mistakes as your ending balance is £0 so if you are new to budgeting then perhaps try one of the other methods until you have a better understanding.


I hope this post has giving you an insight into the many budget methods are out there and what ones could work for you.

There are many more budgets out there so please research the best one for you. And it is okay to make mistakes when it comes to budgeting, you need to make mistakes in order to progress.

You can also do your own budget where you incorporate many components of other budgets and make it your own, I know this works for so many people.

Let me know in the comments what is the best budgeting method!


My favourite saving challenges for 2020.

Hello and welcome back to my blog!

In this blog post I will be sharing 5 of my favourite saving challenges 4 of which I have done or I am still completing.

There are so many saving challenges out there that you can do to save money.

Saving challenges are a great way to start your savings journey. If you are new to saving or paying of huge amounts of debt but want to have some savings then hopefully at least one of these challenges will help you get started.

! Quick disclaimer I did not create any of these challenges I have credited where I found the challenges and creators!

1p challenge

The 1p challenge is a great place to start. In 365 days you can save £667.95!

You save 1p for every day you do this challenge for example day 1 you put away 1p, day 2 you put away 2p and so on for 365 days.

I found this tracker online which shows you how much to put away each day.


Above is the tracker that I use, this tracker is great for adding amounts weekly, it is from The Skint Dad Blog please check out his page to download all his trackers.

I started this challenge last year when I was new to savings and I love it, I have nearly £400 saved and I don’t miss this money. The only downside to this challenge is that it takes 1 year to reach your goal. But if you are paying off debt this is a great place to start.

A lot of people do this challenge to save for holidays and Christmas.

20p Challenge

I love this challenge! I am doing this challenge at the moment I love it.

This one doesn’t take as long as the 1p challenge, in just 31 days you can save £99.20!

It’s the same principle as the 1p challenge every day you put 20p away. So day 1 you put away 20p, day 2 you put away 40p and so on.


This is a picture I found online however I have made my own version as I started this challenge on 19th May 2020.

I have over £20 saved already. I will continue this challenge for the rest of the year. I should have over £600 saved by the end of the year which I will save for the fees of moving next year.

Lottiebudgets Money Monday

This challenge comes from Instagram and from a lovely lady’s page called @lottiebudgets. This challenge is by far my favourite and I am on my second run of this challenge.

Every Monday tick of a box with different amounts of money you have saved.

There are two versions of this challenge:

Money Monday Save £450 in 21 weeks I have already done this challenge once and I am on week 3 of round 2!


LottieBudgets Money Monday Quarterly Challenge

Money Monday Quarterly Challenge Save £500 in 13 weeks. I haven’t done this challenge but I would like to do this challenge at the end of the year.


Head over to @lottiebudgets instagram page to download her money Monday trackers and please give her a follow her page is full of saving motivation!

Doing this challenge makes Monday my new favourite day of the week.

Metro.co.uk Fiver savings challenge

I found this fiver savings challenge on the website Metro.co.uk and it looks amazing. Each week you put some money away, the amount you put away will increase by £5 each week for 52 weeks and at the end you should have saved £6,890 which is an huge amount of money!

Week 1 you put away £5, week 2 you put away £10 and so on.


I haven’t done this challenge but it’s one I’m going to consider for next year. Check out the tracker below, download it to your phone and get started.

I hope these challenges will give you some inspiration to start saving. They are fun, easy to do and will increase your savings.

Make sure to follow my twitter and Instagram account for updates on my savings journey and the tips and tricks I have learned along the way.

Hannah xx

AD: Why you need Fantasy Invest in your life!

I am very pleased to share my collaboration with the fabulous team over at Fantasy Invest.

Fantasy Invest is an app that allows its users to explore the Stock Market as a game! You can win some fabulous prizes, test your insights, complete with friends and rise on the leader board.

I have loved playing this game over the last few weeks, it is a lot of fun and education and even better its risk free!

How does this app work?

So I bet your wondering how this app works. Well I am here to tell you!

You have a chance to win Fantasy Coins in every game you play. The better your portfolio performs, the more coins you get.

You can redeem Fantasy Coins for awesome prizes: certificates, gadgets and more.

You can take part in a daily, no commitment game, you need to pick 5 companies to add to your portfolio every player can win coins which means you can win even if the market is crashing.

  1. Pick 5 companies that will grow most in a day
  2. Score big and win Fantasy Coins
  3. Redeem your Fantasy Coins for cool prizes!

So pick 5 companies in the morning and then check back in the afternoon to see how you have done!

Do I need to pay for this app?

The app is free to download and use, however you can purchase “liquids” which allows you to enter paid contests.

But the daily competitions are free!

Is there any risk?

There is 100% no risk, this game is all about fun and learning more about the stock market without losing your hard earned cash.

It is also very exciting learning each day which one of your chosen companies is going to win you some Fantasy Coins!

With Fantasy Invest you do not need to buy real stocks, you can learn the ropes and start investing for real.

On this amazing app there is also a tab which allows you to read exciting stock news free of charge!

Why should I play this game?

You should definitely play this game if you are interested in learning more about investing and the stock market.

I personally love this game because I am able to find out more about investing and the stock market without losing any money. It is also great to see which companies are performing best in the stock market at that time.

It is also great fun taking part in the daily games and competing to be at the top off the leader board!

So if you are like me interested in Investing but not sure where to start? Then check out this amazing app, play daily and learn all about the stock market without spending a penny!

This app is available on the App store and Google play. Click on the link bellow to download it!


How I stay motivated whilst saving for a house deposit:

If you are here from my Instagram then you will know that I am on savings journey towards my first property. I am saving with my boyfriend for a house deposit and we are into our last few months of the year and we are so close to reaching our goal. We are very excited!

Self motivation is key! | HR News

I have loved learning about budgets, savings, saving challenges and side hustles. I have also gained more followers and friends on Instagram and I was able to create this blog. But it hasn’t all been fun and games, I have made mistakes and lost motivation along the way.

In this blog post I share how I stay motivated on this journey and tips and tricks I have learned.

Create achievable goals and review constantly:

Creating goals is the best way to stay motivated, but it needs to be achievable. If you earn £15,000 a year but your saving goal is to save £30,000 in a year then you do need to make this more achievable. Make this your goal in two years time etc.

House Buying Stress: Reduce the pressure with our stress-busting tips -  Fotheringham Homes

At the beginning of the year my goal was to save £15,000 but due to paying a lot of money for car repairs and losing hours at work I had to reevaluate my goal. I changed my goal from £15,000 to £10,000 and it is the best thing I ever done.

If I kept my goal so high I would be feeling defeated that I haven’t saved as much money as I intended which make me feel unmotivated.

There is nothing worse then feeling deflated with how well you are doing, so reevaluating as often as possible can help you stay on track.

Track your savings or debt pay off:

For me this is the best way to stay motivated. I track my savings in my budget planner and there is nothing more exciting then adding more money to my savings total.

I have created a savings tracker (which I will be sharing soon) on my computer and I print it out to keep in my folder. For me its fun and exciting to update my savings figure every day!

Tracking also works well if you are paying off a lot of debt, you can see your debt figure getting less and less each month and it keeps you going.

Take a look at my saving goals and instagram tracker in my bullet journal.  In 2017 I want to save ev… | Bullet journal savings, Bullet journal, Goals  bullet journal

Whatever you decide just make sure that it works for you and your journey. 🙂

Plan, plan and plan!

During a savings journey or debt pay off you may hit bumps in the road and this can set you back, but that’s okay. That’s why I try to plan as much as possible, I know that you can’t always plan for everything but having a small plan can help.

How to Create a Sales Plan: Template + Examples

I plan for Christmas, birthdays and any other expenses that may crop up throughout the year, and for me this has helped so much. This year for example, I saved £250 for my Christmas presents and I am able to start buying 4 months before Christmas!

Last year I didn’t save any money for my car maintenance, unfortunately my car needed major repairs and as I didn’t have the money saved I had to dip into my house deposit savings. This of course set me back in terms of savings but I learned from this, and I now save monthly for car maintenance.

Have fun!

Even though you are on a budget, you can still have fun. My boyfriend and I agreed to still do holidays, yes they are UK holidays and are cheaper but we still have fun. We love going on dates and days out especially when they are discounted. Nothing better then finding deals on days out!

Couples Holidays UK | Romantic Getaways | Sykes Cottages

I think this is so important as mentally it makes you feel better, they do say money isn’t everything but it sure does help. For most of last year my boyfriend and I just worked and worked, and spent one day a week with each other, this meant we didn’t go on dates, days out and enjoy each others company. It wasn’t until my our friends and family said that we need a break that we realised it can’t all be work and no play. It was great financially to save extra money but it wasn’t great for our relationship.

So treat yourself within reason, go on a cheap holiday with your loved ones just make sure its all budgeted for and you are able to save for it.

How do you stay motivated whilst saving money? Let me know in the comments!

Create your website at WordPress.com
Get started