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The Little Lilypad is a lifestyle blog mostly written by a mum to two beautiful, cheeky and entertaining daughters. It is sometimes written by the Man on the Pad or by one of our baby bloggers. Occasionally we accept guest posts too. There is frequently talk of shoes and clothing (we love fashion and savvy shopping), chocolate (who doesn't love chocolate) education and swimming (we love this too). It is hopefully helpful, sometimes funny and always honest.

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Category: Money Saving

  1. Ways to make money during quarantine

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    Most of the population except for the emergency service and key workers are currently staying at home. The COVID-19 outbreak is growing continuously in the entire world. Even though a large number of companies are closed, the need for money is still growing. If you are also someone who is looking for side hustle ideas, this is the most ideal post for you. 

    After researching and keeping in mind a lot of different aspects, we have gathered a list of some of the best side hustle ideas. This post will help you understand these ideas and choose the one most suitable for you. Without further ado, here is a list of some fantastic side hustling ideas while stuck in quarantine. 

    Create an online business

    Many people prefer buying most things online now. From selling written content to selling hand-made goods, there are tons of businesses to do. 

    You can choose an idea of the things you love to do or your hobbies. As long as you are ready to put in efforts, you can earn a decent amount through these businesses. 

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    Give lectures online

    If you are interested in teaching others some of your skills, you can definitely try a hand at this. There are tons of companies that pay their employees to give lectures online. 

    You have the freedom to decide what topics you want to teach. The pay depends on the number of hours you invest every day. If you think you are really good at something and want people to learn about it as well, this is an ideal path for you. 

    Take surveys online for some extra cash

    If you have ever googled about online cash earning sites, you might be already aware of this. Many businesses today use surveys to study their customers and improve their product quality.

    These surveys are super easy to take and revolve around general questions. They can take up to 10 minutes to 1 hour to complete. Again, the amount you earn depends on the number of surveys you take each day. Payout is generally after you reach a specific amount. 

    Start a blog with a topic you love

    Blogging is one of the most popular ways to make money these days. You can set up a blog about almost anything as long as the content is interesting and fun to read. 

    You can create a blog on websites like Wordpress or Blogger. It does take some time to build up the audience and start earning. Patience is very important for blogging. Once you get the hang of it, blogging can be a great way to earn.

    Become a freelance writer

    If you are not patient enough to wait a few months for your blog to get famous, this is another way to earn through writing. Content writers are always in high demand because new information is needed every day. 

    Companies are ready to pay a lot for excellent content which is 100% unique and fresh. Websites like Fiverr.com, Freelancer.com, etc can be a good place to start. You can also sell your writings on social media.

    Sell Graphic Design Services

    If you are looking for something fun and creative to do, this might be a better option for you. It is important that you have basic knowledge of design tools like Canva or Adobe Photoshop. 

    You can assist people by creating their company logos, banners, social media profile photos and many other things. Creating custom designs can enable you to earn from the comfort of your own house. 

    Start your own Youtube Channel

    Youtube is a big saviour for all of us these days. Youtube is another great way to use your skills to get paid. You can make a video about anything you are passionate about and get started. (Just ask my 8 year old who wants her own channel!!)

    Youtube

    Having a good understanding of how to edit a video is definitely needed to be successful in this. You can make videos about cooking, reacting to your favourite music, talking about your life and many other things. You can do a little bit of research about what is more popular on Youtube and do those kinds of videos. There is no limit stopping you except your own creativity. 

     

    These are all the ideas that are possible to implement while staying at home. Most of them don’t need much investment and some are even free to start. Take a look through this and decide what you like. You can think about how you want to start and plan it out before actually starting. 

    Hope this article helps you find something you love and start earning as soon as possible. Wish you the best of luck and stay safe!

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    Making money online - PIN

     

  2. Life Skills That Save Money

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    We all know the saying that the best things in life are free and this is true but unfortunately money is necessary to survive comfortably in today’s society. You need money to pay your bills and to provide food, clothing and shelter for your family. You need money to pay for your children’s education and to put aside for your retirement. In addition to meeting your present day obligations you need to develop life skills that will help you save money for the future. By saving money you protect yourself against life’s unexpected upsets while enhancing your quality of life both now and later on.

    1. Learn to manage your money

    The most important life skill you need to learn regarding your money is how to manage it - how to earn it, how to spend it, how to invest it and how to save it - for both present and future financial stability. Children can develop good money management skills early on by managing an allowance, using a portion of the money for personal expenses and a portion for building up a savings account.

    Money Saving

    2. Respect your money

    Another essential life skill for saving money is developing a respect for your money. Respecting money is not the same as lusting after it. Respecting your money is appreciating the hard work it takes to earn that money and the value it has in allowing you to provide for your family. Never take your money for granted, thinking the well will never run dry. As evidenced by the many years of downsizing, layoffs and high unemployment rates, money, especially earned income from a job, should never be taken for granted.

    3. Live within your means

    Learn to live within your means. Failing to meet your bills, getting behind on your rent or mortgage and accumulating debt are quick ways to financial ruin, leading to possible eviction, even bankruptcy. Buy a home or assume a rent that you can comfortably afford based on your present income. When purchasing or renting a motor vehicle, make sure you can make the monthly payments. Buy what you need, avoid unnecessary spending and don’t take on what you can’t afford.

    4. Work with a budget

    Drawing up a budget worksheet can get you on the right track for managing your money. Keep an itemised account of all money that comes in and all money that goes out, what bills need to be paid each month, every six months and annually. Include present and projected expenses and income. Include everything from the mortgage and car payments to the smaller items such as kids’ school lunches. Obviously, to save money at the end of each month or year you have to bring in more income than you pay out. With a budget you can more easily determine where you may be overspending and where you need to cut back to save some money.

    5. Stretch your money

    To borrow an old cliché, get the most bang for your buck. Whenever possible, buy items on sale and off-season to get the lower prices. If you have a large family, join a food warehouse club and buy groceries in bulk. Always use in-store and online vouchers. Compare prices and always go with the best deal. Avoid impulse buying even when items are on sale, especially if you don’t need them and most importantly if you can’t afford them.

    6. Don’t waste your money

    Avoid credit card use and abuse. Limit yourself to one credit card only and pay off your bill each month. When possible, pay for purchases with cash or check to avoid late fees, interest and finance charges - those ugly expenses that quickly eat up your hard-earned money. Do whatever you can to protect your pension fund, insurance plans. Avoid premature withdrawals and the exorbitant penalties attached to them. Avoid high-interest loans that can consume a huge portion of your income over a lifetime.

    7. Put your money to work

    Take advantage of company pension plans and other incentive plans where your employer contributes, often matching you dollar for dollar. Talk to your local banking institution about ISAs and other long-term options. Consider investing some of your money. Do some research and seek the advice of a reputable financial planner. As no investment is a guaranteed immediate or long-term success, invest cautiously and stay far away from schemes that are too good to be true.

    Money should not become the be-all and end-all of a person’s life but it does need to be recognised for what it is - a basic necessity if you want to adequately provide for yourself and your family. Developing the life skills to manage and save your money can enhance the quality of your life now and minimize the potential for financial difficulties down the road.

    Oh and as a final note, as we are now on the approach to Christmas ..... don't overspend. It is too easy to buy for the sake of it. Buy what is necessary, don't buy for everyone out of obligation. You will be surprised how many people hate the waste of it all and will be grateful not to have to do the same in return!

  3. How to save money on school supplies

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    Back to school sales are beginning to pop up and organised parents are starting to think about the start of the new school year. School supplies lists are growing and every year more parents find themselves frustrated with the growing cost. With a plan and a little thinking ahead you can save money on school supplies this year. 

    Back to School : Collins

    Go through what you have in the house from last year before you buy anything new. You do not need new pencil sharpeners, scissors, and other odds and ends that do not get used up. This can lead to a big savings as you work your way down the teacher's list. 

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    Keep an eye on the sales. The early sales are often not as good as the later ones so only start shopping if you know a better price will not be coming. If you have the budget but want to wait for the sales getting a gift card to set to the side is always a great way to set your budget.

    Buy non-school supplies items off your teacher's list at the pound shops or use vouchers and sales to get the best deals. Some teachers list items that help keep our kids from getting sick during the school year. While this bothers some parents it can be valuable for keeping your family healthy come flu season. Tissues, disinfectant, and hand sanitizer in your child's school will save you a lot of money after so if you find a good deal, your child's teacher would love some extras.

    Stock extras when the best sales hit or grab extras when offers are online, so you won't need to pay full price later. These extras can be pulled out when your child needs more supplies without paying full price or if you really want to plan ahead, they could even be used as frugal stocking stuffers.

    If money saving is on your hit list for this summer, why not take a look at easy ways to save money from Baby Budgeting.

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  4. 7 Money Lessons to Teach your Teen

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    Schools may teach your teen everything he needs to know about their plan for the future, but it doesn’t teach them other important life skills and values like doing a tax return, practising compassion and managing personal finance.

    It is never too early to sit down with your teen and brush up on some important money lessons that can help him a lot during his impending adulthood. We have put together 7 of the most valuable money lessons we think you need to teach your teen.

    7 Money Lessons to Teach your Teen

    Making a Choice

    The right steps usually start with having the right mindset- encourage your teen to have a healthy money mindset, and they will be more likely to stick to it. Remind them that everything in life has a cost, and they can pick what he wants, but they can’t possibly buy everything. Advise them to make conscious choices about where they wants to spend their money.

    Avoid Impulse Buys

    We’re all guilty of this one- from that irresistible sale to just something cute that catches our eye- we often tend to buy things impulsively, and end up regretting it almost instantly! Help your teen understand the difference between wants and needs and remind them to ask themself whether they really needs something when they are about to go make a purchase. A good idea is to ask them to wait for a day before they make the purchase- this will help them make the decision in a more level headed manner.

    Making a Budget

    You know how much of a difference this can make when you’re trying to save up for something or are just looking to get your money matters back on track, and yes, now's the right time for your teen to learn it too! Encourage your teen to create a budget from their monthly allowance, and set particular amounts for particular expenses, and to try and stick to it as much as they can.

    Keeping Track of Finances

    This one’s just an extension of creating a budget, but again, is super important! Get your teen to download a money tracking app on their phone or just use an old diary to note down their expenses. This will help them get more organized not just on the financial front, but also in other parts of their life.

    Every Penny Counts

    Remind your teen that saving is cool, and that every little penny that they puts into the piggy bank today will add up, and turn into a big amount in the future. If there’s something they want to purchase, encourage them to start saving for it, and then ask them to pay for it when they finally manage to do it- the feeling of responsibility and satisfaction that comes with doing this can be refreshing and can bring about a positive change in your teen!

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    Having an Emergency Fund

    Creating and maintaining an emergency fund is again, a crucial money lesson you need to teach your teen. Remind them of how these little savings can help them in the days when they are actually in need of funds and can keep them prepared in days of personal financial crisis.

    Contentment & Sharing

    Last, but definitely not the least, as a parent, you need to teach your teen about giving too! Encourage them to donate a certain amount every month- even if it is small, and share with those that are less fortunate. Allow them to experience the joy of giving, and at the same time, teach them to be content with what they has, and not fall into the comparison trap.

    And finally, make sure you too, as a parent, are a good role model for your teen, and that you too, make wise choices when it comes to money. After all, kids tend to learn from what their parents do, and not what their parents tell them to do!