In my latest On the Money guest spot I welcome Sue Foster, who blogs about practically everything! Her blog is great for money saving and making money too. See the link at the end.
One common theme I have seen throughout my On the Money series, is that everyone, being older and wiser, says that they wish they had saved more when they were young. Sue is no different. How do we get this message to our young people?
On the Money: Conversations with money bloggers
What is your earliest memory of having and spending money?
I remember my first pay packet. I was so excited. I went out and treated myself to some clothes.
Have you ever felt out of control with your money?
Yes, through my divorce when my husband stopped paying into the house and left me and my
daughter short of money.
What was your worst money decision?
Nothing specific comes to mind. There are probably plenty of things I have wasted money on and
not really needed.
What was your best money decision?
Buying a run-down flat and doing it up as best I could with the little money I had. It had its problems
but was worth it in the end as I made a good profit and it got me on the housing ladder.
What is your best tip for saving money at home?
Always at the start of each month take off your outgoings, allow for shopping and a bit of spending
money, then put the rest away in the savings.
What is your best tip for saving money out and about?
Shop around and find the best price. Don’t buy the first thing you see. Also, never go supermarket
shopping on an empty stomach!
What would be your advice to the 18 year old you regarding finance?
To save more, but at that age you spend your money on going out and buying clothes and don’t
think of the future too much.
What was your biggest ever bargain?
An old Ford Escort Estate car I bought for £400. It served me well for a few years then I traded it in
for £1000! (This is also my approach to cars!)
What was your most recent purchase?
School clothes for the kids.
Do you stick to a monthly budget?
Yes, I’m very good at sticking to a budget. I have a book where I write down all my outgoings at the
start of each month, so I know exactly what I have to spend.
Do you have any long term financial goals you would like to share?
I’d like to eventually run my blog full time and work from home, then relocate.
If you won a million on the lottery, what is the first thing you would do?
Put my house up for sale and move, plus buy a newer car.
Sue Foster is an online retailer and blogger. She blogs about making money online, saving money,
running a business, WordPress and various lifestyle information, which includes topics such as health
and fitness, beauty and pets. You can read Sue’s blog here.
I am happy to have had a lot of frugal and personal finance bloggers take part in On the Money to date. You can read some of the others here.