How to Make £270 in cashback and extra interest – Monday Money#2

Welcome to week 2 of Monday Money. The place to share your money based content with fellow bloggers. We had so many join last week and loved reading the content and sharing it on Twitter or Pinterest. This is a new link up brought to you by Faith from Much More With Less,  Emma from EmmaDrew.Info and me, Lynn from Mrs Mummypenny.

Monday Money

Wow what a week it was last week. I had lots of time away from my desk, which is brilliant for ideas, work and enjoyment. But also a tad stressful when I know I have lots of work to do. I am entering a very busy time of the year. Busy for Mrs Mummypenny and all the various projects that spin off from the blog and brand, but also busy in terms of mind space. I am bursting with ideas and it is sometimes difficult to know where to start and what to focus on. Which turns into overwhelm. Planning and advice is highly valuable when I am feeling like this.

A new cashback credit card that will earn me £145

I have been using the same Tesco credit card for years now. This is used for all every day spending such as groceries, petrol, things for the boys. It is paid off in full each month and the benefit being the Clubcard vouchers we get every three months for things like days out, car hire or train travel. The offers are getting more and more restrictive so I am swopping out every day spending over to an American Express cash back card.

I order it via Topcashback firstly to get an initial £20 cash back. Open your topcashback account here to get cashback on so many online purchases, plus a £5 Tesco voucher bonus at the moment. The American Express card will then pay 5% cashback within the first three months up to a balance of £125, then 1% cashback ongoing. Im counting £145 made here with total cashback.

Restructured my savings earning me £125 this year

I have a chunk of emergency fund savings in my business savings account, earning a teeny tiny amount of interest, like £2 every 3 months! I have opened a nationwide account so I can open up their 5% savings account, its got a limit of £2500 but that will earn me £125 in the 12 months.

Walking Wednesday

On Wednesday I went into the city for a series of meetings. I love being in the city, I spent five years working there after I graduated working for HSBC where I used to be one of the suited crew. Its great to go back and spend a day there. I met a friend for lunch on Gracechurch street and downloaded a lot of life stuff. Then met a couple of clients near Bank for ideas on our next projects. I had 45-minute break until I had to be at my evening event so I walked from Bank in city to South Bank, across the millennium bridge. A very pleasant walk taking in the London sites. I got lots of pictures and walked 13k steps. Saving some tube money!

The evening event was first steps to investing with Janus Henderson, whom I worked with a few weeks ago on my blog. It was a fascinating event where I realised that I have a lot of learn with investing if I want to, or I can carry on as I have been doing with my stocks and shares ISA. I finally got home at 12:30.

Debt balance is now less that 5k

On Wednesday I also wrote and published my latest debt payment update. And have cracked the magic 5k figure. I am beyond happy to have repaid £10.5k in 12 months. The aim is pay off the balance in the next four months, so by the end of August so I can say that I paid off £16k in 16 months.

Strategy Friday

On Friday I spent four hours in Stevenage with Emma Drew, partner for this linky! We did a bit of shopping, TK Maxx, Home Bargains and Poundland and then sat in a café for lunch and talked through our plans. I love having a friend whom is so highly motivated and super clever to talk to about Mrs Mummypenny stuff. We are both packed full of ideas about our own and each other’s businesses. I left feeling highly motivated with so many ideas for now, the rest of the year and beyond.

You can pay a lot for mentors, coaching and business advisors, but we help each other as friends and make each other money with shared projects and promotion of the others business. A fantastic collaboration.

Monday Monday Linky Details

Open to all bloggers, from all niches, we look forward to seeing what you have posted recently about money.

Why Take Part?

Taking part in the Monday Money will help you to not only find awesome bloggers and read great blog posts, but it will help to bring more traffic to your own blog posts. Give it a try, we would love for you to join in. We will also share your blog posts with our audiences too! We will each share you posts on Twitter/Pinterest where we have 22k followers between us and one of us will comment each week.

The Rules

We are really excited that you want to join in, but we do have some rules for taking part in the Monday Money linky.

1. Your blog post must have been published within the past 365 days.
2. It must related to money in some way.
3. You must include a link back to all of your hosts within the blog post you are linking up – you will find the HTML below.
4. Please visit other bloggers participating in the linky – if you would like to leave a comment then that’s great too. We would ask that you visit a minimum of 3 different blog posts within the linky.
5. Copy and paste the following onto your blog post:

I am taking part in the Monday Money linky with Lynn from Mrs Mummy Penny, Faith from Much More With Less and Emma from EmmaDrew.Info