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Money Masters: The Frugal Cottage

  February 12, 2015  |    #Eliminate Debt

This week’s Money Master is Nicola from The Frugal Cottage. Nicola lives north of England, UK. What appeals to us about The Frugal Cottage is that Nicola has outlined clearly defined goals and uses those goals dictate how she lives her life. This is very apparent in Nicola’s writing and something of which we can all learn.

1. What’s your story?

I’m a 20-something woman living in the North of England, who wants to be better at finances. My day job has nothing to do with finance, which means I spent a lot of my spare time reading finance blogs and gaining lots of new knowledge. I’ve always been interested in money; I was very good at saving birthday and Christmas money when I was younger and that has continued on into adulthood, just with more strings to the bow!

I went to university with enough money saved up from part time jobs to not need to use all of my student loans. During the university holidays, I worked three different jobs to bring more money in for the next term. During my university years, I also managed to save £6,000 which was the beginnings of a house deposit. I learned pretty quickly that buying material possessions made me feel better in the short term, but then I was left with lots of things that didn’t really have a place and were quite unnecessary.

I met my husband just after I left university, and we quickly decided that it would be best to save properly for a house deposit and get onto the property ladder. I’m lucky in the sense that my husband is also a saver, not a spender, and we have similar attitudes to money.

In the long term, my husband and I are working towards a simpler path, as it is the little things that matter to us; family, friends, time and freedom. We’re working towards our ultimate dream (see this post and this post for more on that) and want to enjoy the journey along the way. I created The Frugal Cottage to help other people to live a simple, frugal life on a budget.

2. What’s your point of view, as a personal finance blogger?

On my blog, I talk a lot about simple living, recipes that we love and how we manage our finances. I share our experiences and lifestyle choices, and hopefully show that even on a limited budget, you can reach your dreams with a few financial tweaks. I’m also honest about the journey, sometimes it is more difficult than others, but the destination will be worth it in the end.

 3. In one sentence, what’s one piece of sage advice from your personal finance background that you’d like to share with our readers?

Stay away from consumerism when you’re younger and work hard! Whichever path you choose will be tricky, but you will learn so much and grown so much as a person along the way. And never forget to give back to others, whether that be in your time, energy or help. At the end of the day, you’re the only person who can give you the life you want, so go for it!

Check out The Frugal Cottage and sign up for Nicola’s RSS feed. You’ll be glad you did.

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