About Little Miss Money Penny:
Tell us about yourself?
Hi, I am a freelance writer, editor and tutor from the UK. After working in the NHS and for a debt charity I decided to give freelancing a go and recently set up my first website – Little Miss Money Penny.
When did you get interested in personal finance?
Working for a money advice service made me realise there is only really help available for people once they are in debt. Things like making extra money, learning to save, and budgeting are not routinely taught. I like learning about money-making ideas and trying new freelance jobs myself so I decided to share this information on my blog.
Why do you believe learning about money and caring about personal finance is important?
Learning to manage your money and make wise choices (such as investing or saving) can make your life so much easier. A lot of the finance world seems complicated and mysterious but if you can find a way to learn about personal finance it can really help to improve your life.
What inspired you to create personal finance content?
My previous job working for a debt charity and my own freelance journey has led me to create a website sharing money-tips and remote working opportunities. I’m genuinely interested in becoming better at understanding the finance world myself and wanted to help others too.
What is your ideal audience, who are you hoping to reach with your content?
My ideal audience is anyone who wants to earn extra money online, learn how to save money or get the best discounts. I think my content will appeal to freelancers, students and people who want to work from home. But I hope there is something for everyone!
What are your top 3 pieces of advice about personal finance?
1 – Saving is the best thing you can do, it gives you freedom and opportunities and can stop you getting into debt.
2- There are so many unusual ways to make extra money these days, the classic 9-5 job doesn’t need to be for everyone.
3 – Research is your best friend when looking for bargains, offers or cashback.
What are your top 3 financial mistakes you can share – how did you grow and improve?
1 – Staying in low paid jobs too long – there are things that you can’t do if you don’t have a decent income. Make sure to get your experience and move onwards. I am definitely guilty of staying in low paid jobs too long because I was comfortable but now I know when to move on.
2 – Not using cashback sites – I have now made so much money from cashback I regret not doing it earlier. I will now check to see if I can claim cashback on any purchases I make.
3 – Having one bank account – I had a TSB account, when their site crashed for a few weeks I was stuck with no money. Now I have access to multiple bank and savings accounts. Don’t keep your money in one place, it can be difficult if you lose access to your account or if you become the target of fraud.
If you received $5,000,000 tomorrow, what would you do with the money?
Wow! That’s a lot of money. I think the first thing I would do is invest in property. It is a good solid investment and if you’re able to own your home it’s a great idea. Then I would definitely start investing as this is a great thing to get into if you have the means and I would make sure my family was taken care of with property and savings. Alongside these practical and personal goals, I would love to start a charity; when you have money, you are able to do great things to help others.
Rank the following from most important to least important – Saving money, Increasing Income, Paying down debt – Please explain why you ranked them this way?
- Paying down debt
- Saving
- Increasing income
If you have debts you’ll struggle and your savings won’t mean as much because the interest will be increasing on your debt at the same time. Therefore, becoming debt free should be the first task. Secondly, I ranked saving money as this is always important, you never know when an emergency will happen and I believe you should always save something no matter your income. Saving can actually help you increase your income as your savings become a ‘safety net’, meaning you can leave a lower paying job and look for something else or go part time whilst you search for something new. This is why I rated increasing your income last as it’s not always possible to do whilst you are in debt or saving money.
What are your top three pieces of content that you created that are a good starting point for everyone to read?
Blogging for Beginners: 10 Useful Tips to Get Started – As a blogger myself I plan to share tips and tricks I’ve learnt and am still learning along the way. I want my site to become a helpful guide for freelancers and this is one way I am sharing my knowledge.
https://littlemissmoneypenny.com/blogging-for-beginners-10-useful-tips-to-get-started-writing/
Make Money for Good Causes is a blog I loved writing. As well as helping people (and myself) make extra money online I am also passionate about finding positive ways to give back to the community.
https://littlemissmoneypenny.com/make-money-for-good-causes/
Become a Cashback Superstar: How To Earn Extra Money on Cashback – Grabbing a bargain and saving money is one thing I love, so my blog on cashback is a good example of the future of my website. You can literally save so much money on your everyday shopping and so many people don’t bother so I think it’s important to share this information.
https://littlemissmoneypenny.com/become-a-cashback-superstar-how-to-earn-extra-money-on-cashback/
Where can we find more of your content?
Newsletter: https://littlemissmoneypenny.com/newsletter-2/
Twitter: LittleMissMP: https://twitter.com/LittleMissMP
Pinterest @LittleMissMoneyPennyBlog https://www.pinterest.co.uk/LittleMissMoneyPennyBlog/
Website: https://littlemissmoneypenny.com/
