Mrs Mummypenny Personal Finance Expert
My name is Lynn James, mum to three boys, Dylan 10, Josh 8 and Jack 5. We live in Knebworth, Hertfordshire and I am the MD & Founder of Mrs Mummypenny.
I left the corporate world in June 2015 to launch Mrs Mummypenny, a personal finance & lifestyle brand. Previous to setting up my limited company I worked for 16 years in various commercial and finance roles for companies including EE, Tesco and HSBC. I qualified as an ACMA management accountant back in 2002, not long after finishing my maths degree. The risk was big to leave the corporate world and build Mrs Mummypenny, but it paid off. I am happier, have more flexibility, particularly with my family and am in control of my own destiny.
I started my blog, Mrs Mummypenny in 2013 whilst on my last maternity leave with my youngest, which I kept going as a hobby when I returned to full time work. It was always important to me to share my money saving tips with friends, so thought why not learn how to build a website & social platform and share those tips with the world.
My content will provide you with impartial guidance on personal finance ensuring you get great value from every pound spent. I write about anything from a freebie family day out to how to swap your utilities to how to sort out your pension and investments. Also included in content about lifestyle including interiors, food, fashion and travel all from a value for money perspective.
My most popular posts include How I saved £7500 in 6 months , How to Complain to Npower and How to survive the Salary drop when you go on Maternity Leave.
Personal Finance Top Tips
Here are my top personal finance/money saving/budgeting tips to help you get started on your money saving journey.
Create a realistic budget
Excel is always great for setting up these kinds of things. Write down everything you spend money on create a budget and stick to it. Keep a check on it every couple of weeks or once a month to look at where you are spending your money and on what. You can then assess where you are spending too much money and where savings can be made. If the creation of a budget spreads is too much, I have done all the work for you! Click here for a budget sheet from my google drive. For more detail check out this post
Set up a cash back account
Whenever you buy anything online buy it through your cash back account. You will then receive a % of your spend back in cash back via your cash back account. I like Topcashback (click on this link to set up an account) who often seem to offer the highest payout rates. I have earned £2k in five years in cash back. This is from all sort of spending like holidays, insurance, mobile phones, Groupon purchases. Anything bought online 🙂
Switch your Energy Company
Too many people don’t do this. In fact 70% of the UK are sitting on gas & electricity bills that are too high. Their intro deals have ended and they have been moved to the standard fee. Spend 5 minutes and check out comparison site uSwitch to see if you can save money. If you havn’t switched for a few years, you WILL save money
Sell for free
Use free selling pages on Facebook to sell unwanted stuff in your house. This will save you on fees and postage costs and gives a little back to community as you’re sharing with local folk. I set up a page for my village which I admin, with 3000 members. It is a great way to buy and sell 2nd hand stuff. Works brilliantly for children’s stuff and large furniture. Or of course sell on eBay. De-cluttering and making money is Win Win!
Save without giving up the things you love
Saving money doesn’t mean you have to give up the things you and your family love. I will always find a way of doing things for less money or free.
My boys love playing football so a trip to the park is forever free. They adore the local splash parks that can be found in most big parks like St.Albans or Letchworth. It is important that my children understand the value of things and how much things cost, like £40 football boots, which means that they must be looked after.
For more information on working with me please go to Work with me