A wooden house with wooden blocks next to it and spells out #stayhome.

We’re now into our third lockdown in the UK

This time, it isn’t going well for me. For my first week, I did two CrossFit workouts and then lost all motivation to carry on. I enjoy the company with my CrossFit buddies, but home workouts aren’t the same. I can’t seem to wake up in time for my morning workout, and I really don’t want to workout in the afternoon or evening.

Instead, I have turned to gaming which has had its benefits but at the same time does have it’s negatives. It keeps any anxieties at bay, and I have less worry when playing games. On the other hand, I completely forget to look after myself. We are now into the third week of our six-week lockdown, and I’ve barely walked out the door, I haven’t been blogging much because I don’t know what to write about, and I haven’t worked out or stretched.

I’ve taken to doing some meditation which has helped me focus during my working hours. However, it still hasn’t helped me increase my motivation or confidence. Hopefully, if I keep up with the habit, I will see further improvement in other areas.

Constantly drained and in need of change

I’m constantly drained and want some change from this “new norm”. I respect the fact we’re all in this together, and we’re doing it to save our NHS and save those who are suffering more, but there are so many people not doing what they’re asked to, and it’s ruining things for the rest of us.

Hopefully, the government can speed up the vaccine process, and the fact we have varying vaccines is definitely positive. I have been less social online, and it’s because I’m conserving precious energy. That may sound weird to a lot of people, but it’s how I’m currently coping.

Anyway, apologies for being a negative Nancy. I just wanted to voice my words and create a new blog post. If you’re new here, then I can assure you it’s not always like this. I have some posts that will be full of good news, and I’m hopeful they will inspire you.

How are you holding up? I hope you are all well and staying positive. ♥

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Maximising your savings as a millennial in the UK

Maximising your savings as a millennial in the UK

Affiliate links:

Please be aware that the links in this article are affiliate links. If you click on them, I will gain some sort of commission. All money gained will help future blog posts.

I’ve read a lot of blog posts. Watched a lot of videos which talk about saving and investing your income. The only trouble is that all of them are educating Americans. There’s barely any content for people outside of America. Of course, we have Money Saving Expert which is a great resource (and one you should check out). Laura Whateley, a money columnist from the Sunday Times, but there aren’t many people talking about their personal experiences.

Today, I’m here to talk about my experience with saving and investing money. To maximise returns in the hopes you can learn from it, and also get more returns on your savings.

Let’s first begin by asking…

Why should I save and invest when I could potentially lose money?

You’re only likely to lose money if you invest in the short-term. You’re much less likely to lose money if you invest in the long-term. It’s recommended you keep your money in an investment pot for at least 3 years, but if you’re investing into a pension pot, then you’ll be investing for a lot longer.

Many people will invest using apps like Freetrade, Trading 212 and other apps where you can choose which companies you invest in. This is great if you know what companies you’d like to invest in, but if you’re like me and want to give someone else money and invest for you, then you can. I personally use an AI savings bot called Plum.

Plum is a bot that learns your income and spending habits, and will then take small amounts and save it into a pot. The money it takes is saved into an FSCS protected Barclays account, and you can put the money back into your bank whenever you need it.

You can go a step further by paying £1 a month which will allow you to open up an investment pot and invest some of your money save by Plum. I have two pots open, Tech Giants and Stocks and Shares. The former has a lot more ups and downs, but the potential on returns is far greater than the latter.

Plum has a pretty awesome brain which allows you to control how much Plum takes from your account, and where it puts that money. I have Plum set to “Beast Mode” which saves 75% more money than it’s “normal mode“, and I split the money 35% in Tech Giants, 35% in Stocks and shares, and 30% into a 0.6% FSCS account to have multiple returns.

Getting money from my investments can take a little while, depending on how quickly they can sell your shares, and the 0.6% account is a lot faster at 1 day to withdraw. Altogether, it’s a clever system and has helped me save over £2,000 with a £107.99 return at the time of writing this article.

Maximising money for your first home

I read a fantastic book which I 100% recommend called… “Money: A User’s Guide” which goes through everything on the topic of money. One thing I learned from reading it is opening a savings LISA account. Once you open a LISA account, you will receive a 25% return on your savings from the government up to £4,000 every year. The maximum you can save in a LISA account is £4,000 each year and if you save that each year, the government will give you £1,000 as a bonus.

The bonus can only be used on your first house, or for when you retire, and you need to have it open for at least 1 year before you can take advantage of your bonus. If you use it for your first home, then you can use it for a house up to the value of £450,000. If you had it open for three years and saved the total amount each year, you would have an extra £3,000 of free money.

You can also take your money out at any time, but if you use it for anything else other than your first home or your pension, then you won’t receive the bonus. To anyone looking at buying their first home, I 100% recommend you open up a LISA account. I opened one up with MoneyBox, which is an app you can download, and the process was super easy. You have the option to open an investment LISA or a savings LISA. I decided to play it safe and went with the savings account, which does offer some percentage returns as well as the government bonus. You can choose whichever, and I trust you know the usual about investing.

None-conventional ways to earn and invest money

Right now, you’re reading this on my website, and I have actually created a few ways to try and make money with these. First off, I joined the Brave Publisher platform, which means that anyone reading this on the Brave browser can donate BAT, which is a form of cryptocurrency. I have also invested some money in BAT and earned an extra £50.

There’s also another payment platform called Coil which is similar to Brave. But you can install the plugin on any browser. Or use their own privacy-focused browser that has the plugin installed natively. Coil has brought me in a total of £0.15p, which isn’t much. Although, I have only just started, and I’m hopeful for the future of Coil.

Then there’s Medium which everyone and their dog has joined. It’s the one platform I wish I joined earlier rather than later. However, I have started, and I import all my blog posts into Medium while being apart of the partner program. This means that any paying Medium members will donate some of their money in return of getting (hopefully) some value.

Crypto is a lot riskier than any other kind of investment as it’s not regulated. There are no safety nets like normal investments have. However, if you put your money into the right crypto, you could potentially get far more returns than your traditional investments. I have some money in Bitcoin, BAT, and XRP. There has been a lot of ups and downs, and it has been an exciting ride. However, I have held my nerve and kept my money in each in the hopes for much higher returns.

In no way am I an expert or financial expert. Please take my recommendations lightly, and make sure you do your due diligence when looking into investing.

Where to learn more about money

A book called “Money: A User’s Guide” is honestly the best book I have ever read about money. It covers everything. From buying your first home to dealing with a credit card. Student and loan debt as well as managing money to live a happier life. It has honestly changed my whole outlook on money, and how I should be managing it.

If you enjoyed this post, then let me know what you thought.

I’ve started my own podcast series

This is a quick blog post to let my readers know… I now have my own podcast series which you can listen and subscribe to on all of the popular platforms. This includes Anchor, Spotify, Google Podcasts, Apple Podcasts, PocketCasts and more.

If your favourite platform isn’t shown above, then please go to Anchor to see if it’s on there. If it isn’t, then Anchor is always adding new platforms. You may need to wait for it to turn up.

You can always contact me on Twitter, and I will try to get it distributed in more places.

I hope you enjoy listening to the episodes, and I look forward to hearing from your feedback. Also, if you listen on Apple, I would love it if you could give it a positive rating.

If you want to know more about what the podcast is about, then it’s about health and fitness. I talk about cooking with Gousto, CrossFit, fitness watches and anything else to do with health and fitness. If this sounds like your thing, then please take a listen. Also, you can leave voice message on Anchor. I would love to encourage my readers to do so, so I can add them to future episodes.