THE CHALLENGE

Fashion Blogger Lucy Love


Remember in my post about London one year on I mentioned that London can be a cruel mistress at times? She can either bring you up or completely crush you depending on the type of person you are, and while she has definitely brought me up in many, many ways, financially she has crippled me.

I don't know whether it's part of being British, or if it's just an entirely Western mindset now, but speaking publicly about money really doesn't seem to be the done thing. I don't think I've ever really seen or heard of a blogger confronting their financial situation in the 'public eye' and aside from my family and friends, I don't often feel comfortable airing my financial situation either. Only I think this time it is important because right now I feel massively under pressure financially and it's really affecting my mental health.

I wake up and most days the first thing I think about is how much money I currently have (or don't have) in my bank account. Most weeks I cry and stress about my financial situation and it's led to me stress eating and subsequently putting on weight which is massively affecting my self confidence too. Now I know I should be thinking positively every day about how I'm lucky to have what I do, and trust me I am, but when you're spending most of your month worrying about how to make ends meet, and spending the last week of the month genuinely wondering how you're going to put food on the table, it can be difficult.

I'm 25, and I want to be standing on my own feet and completely independent yet most months I'm having to beg my parents for some money just to help me reach the end of the month and it's the most awful feeling. Of course they are so generous and quick to help me out, but I hate that at 25 I am still unable to provide for myself properly despite the fact that I have a full time job and this blog has started to earn me a small (but very welcome) income too.

While I do adore London with every fibre of my being, I know that the city is at fault for my current financial status.

When I moved down here, my salary increased by £7,000 a year (before tax) which I'm sure you'll agree is incredible. When I budgeted for my move and took into account my rent, bills, food for the month and everything else I could more than afford it and in fact I should by those calculations have several hundred pounds a month to play with. Except it's never worked out like that.

I'm not by any stretch of the imagination irresponsible with my money either. I work hard for it, and when payday rolls around I do like to treat myself whether that be replacing makeup thats run out, buying a couple of books, or maybe a pair of boots or a top, but I can't remember the last time I blew hundreds of pounds on clothes like I used to. I'd bloody adore to be able to film a haul video for you, but unless it's Christmas or Birthday presents/vouchers/money, the likelihood of it happening is slim to none.

Yet some how I am always perpetually broke. This month I have gone through my bank account with a fine toothed comb and cancelled any unnecessary subscriptions or direct debits including my beloved Spotify. I have extended my overdraft to get me through to payday so that I can actually afford to feed myself, but I'm at a point now where I know things have got to change. My rent goes up next month, as does my phone bill, and therefore I need to make some major life changes before I get into a bigger mess than I am now.

[The Challenge enters, stage left] <- I don't know why I decided to begin writing in stage directions.

T H E    C H A L L E N G E 
- - - - - - - - -
(should you wish to accept it)

We have all heard of spending bans before, but whenever I think of a spending ban it always automatically makes me want to spend more. Therefore I want to appeal to my own annoyingly competitive nature and present myself with the following challenge:

From 24th March to the 25th April, I will not spend money on anything that is not absolutely 100% necessary. Any new products or clothing items shown on this blog will be blog collaborations (and therefore disclosed) and any books that may appear on my channel that are new I have bought with birthday vouchers this weekend. 

Items deemed as necessary include the following:
  • Food and drink (not to excess, just to stock the cupboards and provide for myself while out for the day. Nothing more nothing less)
  • Train tickets home. Easter is round the corner and it will be my last chance to visit my family home before my parents move, therefore I am allowing my train fare home for the Easter weekend
  • Joe's birthday. Joe turns 29 on 6th April and therefore I of course need to buy him a present. I will be putting half the money on one side at the start of the month, and the other half with next month's pay. I will also buy him a small present to unwrap on the day.
  • Concealer and any other beauty products that require replacement. At the moment, I have no concealer left, therefore on payday I am allowed to replace my concealer. If anything else runs out (here's looking at you Micellar water) then it can be replaced but only if I have nothing else at home that will do the job just as well.
And there we have it kids. The Challenge, should you wish to accept it. I'm going to do my damnedest to stick to it, and I'm actually excited to see how much better my bank account might look at the end of next month. It seems so far away now but I'm sure it will absolutely fly by (or at least I hope it will!)

Make sure you keep an eye on my Twitter and also on my Instagram story for updates, I will attempt to update every time I buy anything so you guys can keep track too and see how I'm getting on! 

Have any of you attempted a spending ban before? Any tips? How did you get on? Let me know in the comments below (and let me know if you want to try it alongside me too - any moral support will be welcomed!)

Wearing:
Top: Zara | Cap: Ace Vestiti* | Jacket: Zara

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5 comments:

  1. Good luck! I totally get how you feel. I'm a student and I work nights to pay rent but it's still not really enough. I can't imagine trying to survive in London though - I've heard horror stories about the cost of living there.
    theemeralddove21.blogspot.co.uk

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  2. Hey Lucy, Ill be honest, never really looked at your blog, but your post on instagram with the word finances grabbed me so I took a look. Your not the only one feeling the pinch! Me too, so I'm cutting back on unnecessary things too and trying to get money smart, reading any article or whatever that contains the word money/finances/banking/saving for any teeny tiny little bit of advise it might contain. Anyway... just in case your interested, look at changing your current account to a different bank, I've just done mine, and they paid me £125 to do so, win win! also, just a small tip, I withdraw £50 cash on pay day and try and use only that before spending on my card. I try and see how long I can make it last. Makes you think twice about buying something when you have to physically see the money leave your hand and not just tap a card and your away. Also, invest in a £1 tin money box, get them in the appropriately named £1 shops, stick any loose change in there, you cant open it without a tin opener, last time I did open mine (to check there wasn't any old £5 notes in there) I counted it and there was £150+, was surprised how much it added up. I actually like collecting £1 coins now to put in there, that's how sad my life has become since I last saw you! Anyway, sorry for the waffle but hope it helps and hope your well! Kath x

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  3. Good luck babe! Unfortunately I just think it's tough for everyone to try and get a Handel on expenses. I always think I've finally sorted myself out and then something pops up from nowhere and I'm back to square one. I think I need to give this ago too! Iamfoxxtailz | Alternative Style Diary

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  4. Oh Lucy! Airing expenses and money problems online isn't something I like to do either but the way you've worded it and gone about it is written so well! I wish you all the luck in the world and I 100% have faith in you! You massive babe and inspiration x

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  5. Good Luck gal! Money is always such a tricky thing! xxx

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