Yes and no.
I pondered on writing this post for quite a while and decided that it was worth writing even if it’s to prove a point around perspective. In reality £10.00 doesn’t get anyone very far. Most people’s biggest expense is their mortgage or rent and when you compare that to £10, £10 is probably close to 1% in of their mortgage/rent in most areas of the UK so when you put it like that, it’s not a lot of money.
I used to stress a lot about money, more specifically not any. Countless sleepless nights, waking up early on pay day to move money around before any company to take money off me, thinking I was in control bit in reality I was just avoiding my money issues and the issues were compounding but that’s not a sustainable way to live and it’s stressful. It takes its toll in more ways than you think, including your personal relationships.
One of my money managing methods is now to break things down into £10 increments but I’ve found it only really works if you use that money wisely. That can include going to the pub or whatever you like but only if it’s planned correctly.
Examples of what £10 can get me:
- My phone bill for the month (SIM only)
- Almost a monthly Netflix subscription
- Monthly Amazon prime membership
- 3 days of fuel
- Almost a monthly Spotify Premium Subscription
Now I’ve purposefully listed the “fun” things above and the reason for that is setting aside or earning an extra £10 isn’t going to pay your mortgage but it is going to pay for those things listed above.
I’ve talked about what the £10 increments can pay for but I haven’t talked about what £10 increments can do for your stress levels and your financial well-being. £10 a day over the course of a month is £300.
£300 pays my energy bill in full and still leaves (a small bit of) change. It can pay for my water bill, 2 sets of car insurance and tax and still have change. Actually it can pay for at least 2 things a month, the only exception is our rent which it can’t do unfortunately.
Instead of stressing and focusing on money I don’t have, I focus on money I could have and it’s liberating.
I find £10 a day to be just about the right amount of money that anyone can focus on, it’s big enough to make a meaningful impact but small enough to feel achievable daily. I made £20 yesterday selling lamps I no longer need on Facebook, I have £48 sat in Vinted Vinted Review: Here and £20.05 selling books on world of books (review pending once complete). That’s £88.05 in a day.
Is £10 a lot of money to you?