Your Money Hive

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Your Money Hive

I'm a money mentor helping you understand your finances better and making your money go further. I have a Duke of Edinburgh Bronze award, Skill course.

See the website link below for more details!

20/09/2025

So you turn your laptop on and get this error message - so you need to buy a new one.

But how would you pay for it?

Would you need to use your overdraft or put it on your credit card? Or would you have the money saved?

I'm lucky that I have the savings to pay for a new laptop, and that's exactly what I had to do this week, when my laptop decided to stop working.

I often hear people say "I did have some savings but.....I had to get a new fridge/my car needed a new part etc......" You get the idea - but I always say the fact you had savings was great.

It stopped you having to use credit or borrow the money from the bank for your purchase, but that is not all. You also helped reduce your stress and worry.

You see, having the money saved instantly means you avoid that panic and worry of "how will I afford this/I haven't got the money"

And that to me is PRICELESS.

So the next time you are wondering whether having that emergency fund is worth it, just remember it's not just money you are saving but also your peace of mind.

19/08/2025

Check whether booking ahead can save you some money.

Booking ahead and in advance can save money on entry costs, from zoos, castles, and theme parks - it is always worth a check the day before to see whether a saving can be made!

18/08/2025

Heading out for some days out with the family over the summer holidays, I will be sharing some money saving tips and tricks to make your money go further.

So it that follow button, to keep up to date!

09/08/2025

Money Saving Tip 4 - Pack a reusable or even an empty drinks bottle to refill once you are through security.

Most airports in the UK and even those when returning to the UK have water stations for you to refill water bottles.

With the average price for a bottle of water being anywhere from £2.00 to £3.00 you can easily save you and your family nearly £10..... it might not seem like much, but all these little costs really do add up!

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08/08/2025

Money Saving Tip 3 - Don't forget to pack the snacks.

We all know the crazy prices you pay at the airport just for a pack of pringles.....just a small tub is £2.00 when you're flying high in the sky.

So by heading into the supermarket before your trip, you could save yourself a fair few pounds by buying a few snacks to take with you.

You can even take fruit and sandwiches through security and aboard most flights, which can save you having to pay extortionate airport and aeroplane prices.

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07/08/2025

Money Saving Tip 2 - In-flight Meals

Check for discount codes for pre-ordering meals on your flight.

If you download the app for the airline or holiday company you are travelling with, they will send you messages for deals on future holidays and even discount code for pre-ordering food.

I saved 20% off of our lunch order, and the great thing is that on most airlines, as you have pre-ordered, you are served first, too! So not only do you save yourself some money, you beat the queues and wait as well!

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06/08/2025

Money Saving Tip 1 - Airport Parking

Sign up to the newsletter for the airport you are travelling from, and you are very likely to be sent a discount code to save you money on your airport parking.

I personally saved myself over £15 by signing up to the Stansted airport newsletter, as I received a discount code for their airport parking.

This made my parking less than £85, so it is always worth trying! Have you signed up for any other airport newsletters and received a discount code, too? Let me know in the comments below.

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26/07/2025

The payments you make with a buy now pay later scheme are currently not regulated like other financial products.

You might think it is not a big deal, however, this means that you have less protection on the products you purchase, as the payments are classed as third-party payments. Unlike credit cards and debit cards, which offer section 75 and charge back protection, BNPL schemes do not, therefore, if you have a problem with a product, you can not do a chargeback claim etc.

This means it is always worth thinking about the things you are purchasing and paying for using a buy now pay later scheme, given you have much less protection.

25/07/2025

When you start to spend more than you can afford, you can easily end up getting into debt.

You start shopping online and then forget what you have spent, then 1 month later, you realise that you haven't actually budgeted for all of the things you have purchased.

You need to pay for what you have bought, as you have agreed to the terms and conditions, so now you will need to look at pushing back the payments or other options to pay for the costs you haven't budgeted for.

As you can imagine, this can be a vicious circle, in terms of you using a BNPL scheme and then using other credit options, like a credit card or overdraft to pay for what you cannot afford. Then, you need to work out how to pay off the other forms of credit you have used.

Unsure of whether you can actually afford what you will be buying using a BNPL scheme? Work out when the payment are due and if you will have the money for them - if not, as tempting as it might be, it is just not worth getting into debt for.

24/07/2025

When using buy now, pay later schemes, it is easy to spend much more than you can afford, as you do not have to pay for the items straight away.

We have all gone out shopping, checked our bank account a few days later, and have already forgotten what we spend whilst we were out. So as you can imagine with BNPL schemes, as you are not paying for the items until weeks later, it is very easy to forget what you have spent and then all of a sudden you have these extra payments, coming out of your account which you had not expected.

So if you are going to use a BNPL scheme, make sure make a note of when the payments are due, and also work out what you are spending to make sure actually can afford what you are buying.

23/07/2025

In my previous post, we looked at how missed payments for buy now pay later (BNPL) schemes can impact your credit file, but that is not all.

Missing payments means you are also likely to face late payment fees too. Whilst the fees might not be a huge amount (ranging from £5 up to £10), the extra cost means this credit option is no longer the free option it was.

Add in the fact that the missed payment impacts your credit file too, it is easy to see how BNPL schemes might not be the “easy” and “free” credit option we think it is, especially if you cannot keep up with your payments.

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